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German gov’t missed out on $2.3B profit after selling Bitcoin at $57K


The German government missed out on more than $2 billion worth of Bitcoin profit after selling its holdings in 2024, according to blockchain intelligence firm Arkham.A “German Government (BKA)” labeled cryptocurrency wallet sold 49,858 Bitcoin (BTC) worth over $2.89 billion at...

Avalanche-backed Fusion launches with $100M to boost blockchain adoption


Avalanche, Helix and Faculty Group have launched Fusion, a new blockchain ecosystem aimed at driving real-world adoption through modular infrastructure tailored to specific industries.Built on Avalanche, Fusion features a two-layer architecture that includes composers, customizable layer-1...

India’s Supreme Court urges government to regulate cryptocurrency


India’s Supreme Court questioned the government’s lack of regulatory clarity on cryptocurrencies despite imposing taxes on digital assets like Bitcoin.According to the Indian legal news outlet LawChakra, the country’s Supreme Court expressed concern over the increasing use...

Central banks testing smart contract toolkit under BIS Project Pine


Central banks are experimenting with smart contracts to implement monetary policy in tokenized environments, signaling a growing interest in integrating blockchain technology into traditional finance (TradFi).According to a joint research study by the Federal Reserve Bank of New York’s...

Mobius Token smart contracts on BNB Chain exploited, $2.1M drained


Hackers drained over $2.15 million from Mobius Token ($MBU) smart contracts on the BNB Chain in a targeted exploit detected early May 11, according to security firm Cyvers Alerts.The attacker deployed the contract from address 0xb32a53... at 07:31:38 UTC and initiated the exploit at 07:33:56...

Why is Ethereum (ETH) price up today?


Key takeaways:Ether is set for its best weekly gain since May 2021.Ethereum’s Pectra upgrade, mega-whale accumulation, and a major short squeeze fuel the rally.Technical patterns suggest a potential 40% rally toward $3,400 as ETH bounces off key support.Ether (ETH) is on course to record...

4chan rises from the dead: How the imageboard moves crypto markets


After 4chan was hacked on April 14 and vast troves of user and moderator data were leaked online, the controversial website quickly went down, and many believed it would never recover. However, less than two weeks later, the imageboard was back online, defiant as ever.“4chan is back,”...

UK to become ‘safe harbor’ for crypto with new draft rules — Experts


On April 29, UK Finance Minister Rachel Reeves unveiled plans for a “comprehensive regulatory regime” aimed at making the country a global leader in digital assets.Under the proposed rules, crypto exchanges, dealers, and agents will be regulated similarly to traditional financial firms...

RedotPay enters South Korea with crypto-powered payment cards


Hong Kong-based fintech firm RedotPay has reportedly launched its cryptocurrency-enabled payment cards in South Korea, positioning itself as a potential disruptor in a market dominated by traditional credit card firms and mobile payment services.The company’s crypto debit cards — both...

Robert Kiyosaki says ditch ‘fake money’ for Bitcoin, gold, and silver


Robert Kiyosaki, businessman and best-selling author of Rich Dad Poor Dad, is once again sounding the alarm on the dangers of centralized monetary policy, urging his followers to abandon what he calls “fake money” and adopt alternatives like Bitcoin, gold, and silver.In a May 10 post...

Bitcoin yet to hit $150K because outsiders are ghosting — Michael Saylor


Strategy founder Michael Saylor says Bitcoin hasn’t reached $150,000 yet because holders without a long-term outlook have been selling off while a new cohort of investors are beginning to enter the market.“I think we’re going through a rotation right now,” Saylor said on...

Ethereum price greenlit for further upside after surprise 29% ETH rally


Key takeaways:ETH price rallied by 22% on May 8, but demand for spot ETH ETFs and derivatives remains muted. President Trump’s reversal on certain altcoins aligns with ETH’s renewed outlook. Ether (ETH) posted an impressive 29% gain between May 8 and May 9, likely marking...

Doodles NFT token stalls after airdrop


The newly launched DOOD token from Ethereum-based NFT project Doodles has seen a steep drop in market capitalization following its May 9 airdrop on the Solana network.According to data from DEX Screener, DOOD’s market cap fell from over $100 million shortly after launch to around $60 million...

Solana price gained 500% the last time this SOL metric turned bullish


Key Takeaways:Solana's 15% surge and potential close above the 50-week EMA signal strong bullish momentum, which previously led to a 515% rally in 2024. The $120 million in liquidity bridged to Solana reflects growing network confidence.Solana (SOL) price gained 18% this week, signaling rising...

BlackRock, crypto task force discuss ETP staking, tokenization


Wall Street giant BlackRock met with the Securities and Exchange Commission (SEC) Crypto Task Force to discuss staking within crypto exchange-traded products (ETPs) and tokenization of securities. The discussion could advance institutional interest in the crypto industry.According to a May 9 memo...

US VP Vance to speak at Bitcoin conference amid Trump crypto controversies


US Vice President JD Vance will speak at the Bitcoin 2025 conference in Las Vegas, roughly a year after then-presidential candidate Donald Trump spoke at the same event.According to a May 9 notice from the event’s organizers, Vance will address conference attendees in person on May 28, making...

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