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Frictionless flows are Ethereum's path to economic dominance

Opinion by: Barna Kiss, CEO of MaldaAn idea recently floated by some prominent thinkers in the Ethereum space to reclaim value for the mainnet is the taxing of its Layer-2s. The future of Ethereum does not depend on policy but on enabling frictionless capital movement between the L2s in question. Tariffing rollups may appear a neat way to reclaim value for the mainnet. In practice, it would fragment the ecosystem,...

Published on: May 06, 2025 | Source: Cointelegraph favicon Cointelegraph

Haliey โ€˜Hawk Tuahโ€™ Welch Feels โ€˜Sorryโ€™ For Victims of Meme Coin Scandal

The Hawk Tuah girl took a mental health break following the meme coin sandal, claiming she is โ€˜sorryโ€™ for anyone who lost money.

Published on: May 06, 2025 | Source: Decrypt favicon Decrypt

DeFi Development Adds $11.2M in SOL, Bringing Holdings to More Than 400K Tokens

Formerly known as Janover, the company's SOL holdings are worth more than $57 million at current prices.

Published on: May 06, 2025 | Source: CoinDesk favicon CoinDesk

Will Crypto Values Survive the Regulatory Wave?

Ahead of the Peopleโ€™s Regulatory Roundtable at Consensus 2025, six leading crypto lawyers discuss whether core crypto principles, like decentralization and privacy, will be included in upcoming legislation and regulation.

Published on: May 06, 2025 | Source: CoinDesk favicon CoinDesk

Trump's Crypto Play Fuels Senators' Backlash and Bill to Ban President Memecoins

Democratic Senator Chris Murphy pushed a bill to block presidential coins while Elizabeth Warren described how to get Dems to move forward on stablecoins.

Published on: May 06, 2025 | Source: CoinDesk favicon CoinDesk

SOL Strategies Buys $18M of Solana Tokens With First Tranche of $500M Note Deal

The Canadian firm is betting on Solana by using debt financing to scale its validator footprint and crypto holdings.

Published on: May 06, 2025 | Source: CoinDesk favicon CoinDesk

What bankers, CPAs and CFOs need to know about blockchain

Why finance veterans are still skeptical about blockchain Blockchain has been part of the finance conversation for over a decade now. Yet many professionals remain cautious.Many seasoned professionals in finance, wealth management and economics often question blockchainโ€™s relevance, asking, How exactly is blockchain supposed to fit into what we already do?This question reflects a few key ongoing skepticisms about...

Published on: May 06, 2025 | Source: Cointelegraph favicon Cointelegraph

VanEck Submits Proposal to Launch First BNB ETF in the U.S.

If approved, the fund would be the first exchange-traded fund tied to BNB in the U.S.

Published on: May 06, 2025 | Source: CoinDesk favicon CoinDesk

BNB Coin Could Hit $2,775 by Year-End 2028, Standard Chartered Says

The token has traded like an unweighted mix of bitcoin and ether since May 2021, the report said.

Published on: May 06, 2025 | Source: CoinDesk favicon CoinDesk

21Shares Launches ETP Linked to Crypto.com's Cronos

The product allows investors to add CRO exposure to their portfolios without handling crypto wallets or exchanges.

Published on: May 06, 2025 | Source: CoinDesk favicon CoinDesk

CoinDesk 20 Performance Update: Index Drops 2.2% as All Assets Trade Lower

Sui (SUI) fell 7.7% and Aave (AAVE) declined 7.5%, leading the index lower.

Published on: May 06, 2025 | Source: CoinDesk favicon CoinDesk

Bitcoin Mining Rig Maker Canaan Could Have 5X Upside, Says Wall Street Analyst

Benchmark's Mark Palmer initiated coverage on the firm's roughed-up shares with a buy rating and $3 price target.

Published on: May 06, 2025 | Source: CoinDesk favicon CoinDesk

DogeOS Raises $6.9M to Launch Dogecoin App Layer

The funding will enable DogeOS to support a variety of consumer apps, enhancing the Dogecoin ecosystem and its decentralized finance services.

Published on: May 06, 2025 | Source: CoinDesk favicon CoinDesk

Binance founder CZ says Bitcoin could hit $500Kโ€“$1M this cycle

Binance co-founder Changpeng โ€œCZโ€ Zhao expects Bitcoinโ€™s price to top at $500,000 to $1 million during this market cycle.During an interview with Rug Radio published on May 5, Zhao said that he expects Bitcoin to reach up to one million dollars during this market cycle. He also highlighted the role of Bitcoin spot exchange-traded funds (ETFs) in this rise, saying that the increasing institutionalization of Bitcoin is a...

Published on: May 06, 2025 | Source: Cointelegraph favicon Cointelegraph

Bitcoin Traders Seek Downside Protection Ahead of Fed Chair Powellโ€™s Comments

We have only seen some nuanced demand for protective BTC puts, reflecting limited caution among sophisticated traders, Deribit's CEO told CoinDesk.

Published on: May 06, 2025 | Source: CoinDesk favicon CoinDesk

Singaporeโ€™s Grab taps Solana DePIN project Natix to โ€˜reshape mappingโ€™

Southeast Asiaโ€™s superapp Grab has partnered with Natix, a project within Solanaโ€™s decentralized physical infrastructure network (DePIN), to cooperate on mapping and autonomous driving technologies.The joint collaboration aims to combine Natixโ€™s blockchain-based mapping data with Grabโ€™s camera hardware and mapmaking technology featuring artificial intelligence support, Natix said in an announcement on May 6.โ€œThis...

Published on: May 06, 2025 | Source: Cointelegraph favicon Cointelegraph

Bitcoin risks sub-$92K retest as BTC price fails to match 4% gold gains

Key points:Bitcoin is struggling again as gold retakes the limelight with week-to-date gains of nearly 5%.Bitcoinโ€™s correlation with gold is under scrutiny amid ongoing macroeconomic shifts.Traders see a short-term slump amid a wider BTC price rebound.Bitcoin (BTC) eyed fresh month-to-date lows into the May 6 Wall Street open as โ€œdirectionlessโ€ crypto markets contrasted with a gold rebound.BTC/USD 1-hour chart. Source:...

Published on: May 06, 2025 | Source: Cointelegraph favicon Cointelegraph

US stablecoin bill loses democrats amid Trump corruption concerns

Democratic lawmakers in Washington are backing off support for crypto legislation amid heightened concerns over corruption, including the conduct of the Trump familyโ€™s World Liberty Financial (WLFI).In March, the GENIUS Act, which would regulate stablecoins in the US, passed a critical committee reading with the support of several pro-crypto Democrats. Democratic Senators Ruben Gallego, Mark Warner, Lisa Blunt...

Published on: May 06, 2025 | Source: Cointelegraph favicon Cointelegraph

Why is XRP price down today?

Key takeaways:Ripple's end-to-quarterly market report fuels uncertainty, impacting XRP price negatively.Low open interest in XRP futures signals weak trader confidence.XRP price technicals weaken with resistance at $2.27 and declining RSI.XRP (XRP) fell on May 6, down 3% in the last 24 hours to trade at $2.09, due to numerous factors. Its trading volume has increased by 25% over the same period to $2.5 billion,...

Published on: May 06, 2025 | Source: Cointelegraph favicon Cointelegraph

BTC retreats, Nvidia considering BTC treasury, SOL fixes zero-day

BTC retreats, Nvidia considering BTC treasury, SOL fixes zero-day FOMO HOUR EP350 BTC hits $97.9k then underperforms. Nvidia considering BTC treasury. Arizona governor vetoes BTC bill. Saylor hints at another BTC purchase. Trump reiterates support for crypto. SOL fixes zero-day exploit. Goldman Sachs to offer tokenised treasuries. US unlikely to increase BTC holdings: Hayes. Two key crypto policy leaders of IRS exit....

Published on: May 06, 2025 | Source: Decrypt favicon Decrypt

Bitcoin price forms two BTC futures gaps after Coinbase premium flips negative

Key takeaways: Bitcoinโ€™s Coinbase premium index turned negative for the first time in 15 days, indicating defensive short-term sentiment among US investors.Bitcoin CME futures gaps between support at $92,000-$92,500 and resistance at $96,400-$97,400 suggest a period of range-bound trading. Bitcoinโ€™s Coinbase premium index, which measures the gap between BTC price at Coinbase Pro and Binance exchange, turned negative...

Published on: May 06, 2025 | Source: Cointelegraph favicon Cointelegraph

Blockchains ready for institutions, lawyers hesitate: DoubleZero CEO

While blockchain infrastructure may be ready for institutional use, many legal teams at big firms remain cautious about fully integrating the technology.At the Token2049 event in Dubai, DoubleZero founder and former Solana head of strategy Austin Federa told Cointelegraph that todayโ€™s high-performance blockchains like Solana are technically capable of supporting large-scale institutional usage. However, lawyers need to...

Published on: May 06, 2025 | Source: Cointelegraph favicon Cointelegraph

Citi and SDX partner to tokenize traditional private markets

Investment bankCitiand Switzerlandโ€™s SIX Digital Exchange (SDX) are teaming up to modernize traditional private markets through tokenization.The initiative, revealed during the Point Zero Forum in Switzerland, will leverage SDXโ€™s blockchain-based Central Securities Depositary (CSD) platform to tokenize, settle and safekeep assets, according to a May 6 announcement.The platform, expected to go live by the third quarter...

Published on: May 06, 2025 | Source: Cointelegraph favicon Cointelegraph

UK Treasury Secretary Rules Out National Crypto Reserve: โ€˜Not the Plan for Usโ€™

Emma Reynolds MP shot down the idea of a UK national crypto reserve, saying that, โ€œWe don't think that's appropriate for our market.โ€

Published on: May 06, 2025 | Source: Decrypt favicon Decrypt

Research DAO claims paralyzed rats recover after spinal cord fix

Decentralized autonomous organization (DAO) HydraDAO claims that its researchers were able to use a novel technique to repair severed spines in rats.In a May 5 X post, decentralized science (DeSci) project HydraDAO said that one of its research projects resulted in โ€œrats who had their spines fully transectedโ€ being able to walk again. More notably, recovery from surgery reportedly only took five days.Source:...

Published on: May 06, 2025 | Source: Cointelegraph favicon Cointelegraph

How much Bitcoin can Berkshire Hathaway buy?

Key takeaways:Berkshire holds $347B in cash, enough to buy ~18% of Bitcoinโ€™s supply.Greg Abel has not signaled a shift from Warren Buffettโ€™s anti-Bitcoin stance.Berkshire already has indirect crypto exposure via Nu Holdings, Jefferies.Warren Buffett announced at Berkshire Hathaway's annual shareholder meeting on May 3 that he will step down as CEO by the end of 2025, with Greg Abel taking over. This transition raises...

Published on: May 06, 2025 | Source: Cointelegraph favicon Cointelegraph

Crypto Daybook Americas: Can Bitcoin's Regulatory Worry be Bullish for DeFi Tokens?

Your day-ahead look for May 6, 2025

Published on: May 06, 2025 | Source: CoinDesk favicon CoinDesk

Is the Paws Telegram mini app legit? What you need to know

What is the Paws Telegram Mini App? Paws is a Telegram-based Mini App created by the same team behind other projects, such as Notcoin and Dogs.If youโ€™ve been cruising around Telegram lately, chances are youโ€™ve stumbled upon Paws, the viral crypto Mini App thatโ€™s got everyone tapping, clicking and inviting their friends like itโ€™s 2010 FarmVille all over again.Originally launched in October 2024 on The Open Network (TON)...

Published on: May 06, 2025 | Source: Cointelegraph favicon Cointelegraph

Citi, Switzerlandโ€™s SDX Join Forces to Tokenize $75B Pre-IPO Shares Market

Citi will act as a custodian and issuer agent for tokenized assets on SDXโ€™s digital Central Securities Depository (CSD) platform.

Published on: May 06, 2025 | Source: CoinDesk favicon CoinDesk

Thune Signals GOP Willing to Compromise on Stablecoin Bill as Senate Vote Nears

Senate Republicans back off fast-track push as Thune opens door to Democratic demands ahead of GENIUS Act floor vote.

Published on: May 06, 2025 | Source: Decrypt favicon Decrypt

Solanaโ€™s Natix and Grab Team Up to Expand DePIN Mapping Into U.S., Europe

The collaboration will enhance mapping accuracy by combining Natixโ€™s network with Grabโ€™s mapmaking technology.

Published on: May 06, 2025 | Source: CoinDesk favicon CoinDesk

IntoTheBlock and Trident Merge With $25M Backing to Build Institutional DeFi Gateway

The newly formed Sentora aims to offer a compliant DeFi platform for sophisticated investors looking for yield, liquidity and risk management.

Published on: May 06, 2025 | Source: CoinDesk favicon CoinDesk

IRS appoints Trish Turner to head crypto division amid resignations

Veteran US Internal Revenue Service (IRS) official Trish Turner was appointed to lead the agencyโ€™s digital assets division following the departure of two key crypto-focused executives.Turner, who has spent over 20 years at the IRS and most recently served as a senior adviser within the Digital Assets Office, will now head the unit, according to a report from Bloomberg Tax citing a person familiar with the situation.Her...

Published on: May 06, 2025 | Source: Cointelegraph favicon Cointelegraph

Florida Withdraws Strategic Bitcoin Reserve Bills From Consideration

The two bills, which were both filed in February, sought to allow investment of public funds in BTC

Published on: May 06, 2025 | Source: CoinDesk favicon CoinDesk

Figment Eyes Up to $200M Worth of Acquisitions in Crypto M&A Push: Report

Figment is targeting regional players on Cosmos and Solana networks at a time in which pro-crypto U.S. policy is fueling dealmaking

Published on: May 06, 2025 | Source: CoinDesk favicon CoinDesk