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Pakistan creates Digital Asset Authority to regulate crypto

22.5.2025
Pakistan’s Ministry of Finance has reportedly endorsed the creation of a dedicated body to regulate blockchain-based financial infrastructure in the country.The Pakistan Digital Assets Authority (PDAA) will serve as a regulatory body to oversee licensing, regulate exchanges, custodians...

Feds charge Amalgam founder with stealing $1M via ‘sham’ blockchain

22.5.2025
A US grand jury has indicted the founder of blockchain startup Amalgam Capital Ventures over allegations he defrauded investors out of over $1 million with a fake blockchain.Jeremy Jordan-Jones was arrested and indicted on May 21 and charged with wire fraud, securities fraud, making false...

Hyperliquid sees $1.1B Bitcoin long bet opened at 40x leverage

22.5.2025
A crypto whale has expanded an existing 40x leverage long Bitcoin bet to $1.1 billion on the decentralized exchange Hyperliquid, which has stunned the crypto community and is believed to be the first-ever position exceeding $1 billion on the platform.The X account “James Wynn” claims...

BlackRock’s Bitcoin ETF notches 2-week high inflow as BTC nears $112K

22.5.2025
BlackRock’s iShares Bitcoin Trust (IBIT) has seen its largest inflow in the past two weeks as traders allocate to US spot Bitcoin exchange-traded funds (ETFs) to scoop up the rocketing cryptocurrency.IBIT’s May 21 net inflows hit $530.6 million, its biggest single-day net inflow since...

Synthetix scuttles $27M Derive deal after community concerns

22.5.2025
Decentralized finance platform Synthetix has axed its $27 million plan to acquire crypto options platform Derive after negative community feedback.A Synthetix spokesperson told Cointelegraph on May 22 that its acquisition proposal, pitched to its community and to Derive’s, “did...

Bitcoin continues rally to surpass $110K for the first time

22.5.2025
Bitcoin has topped $110,000 for the first time in a recent rally that has seen it gain 3% over the past day to break through past price highs from earlier this year.Bitcoin (BTC) hit a new all-time high of $110,788.98 on Coinbase late on May 21, just before 11:30 pm UTC, according...

Pompliano-led crypto-focused SPAC gains 7% on Nasdaq after upsized IPO

22.5.2025
Crypto influencer Anthony Pompliano’s fintech-focused blank-check company, ProCap Acquisition Corp (PCAPU), rose 7% on its debut Nasdaq listing after a last-minute upsizing of its initial public offering.ProCap had boosted its IPO from $200 million to $220 million on May 20, a day before...

Australian regulator asks High Court to allow appeal in Block Earner case

22.5.2025
Australia’s financial regulator will seek the High Court’s permission to appeal a lower court’s ruling favoring fintech firm Block Earner, which found the company’s crypto-linked fixed-yield earning service is not a financial product.The Australian Securities and Investment...

VanEck to launch Avalanche ecosystem fund

22.5.2025
VanEck plans to launch a private digital assets fund in June targeting tokenized Web3 projects built on the Avalanche blockchain network, the asset manager said in a statement shared with Cointelegraph.The VanEck PurposeBuilt Fund, available only to accredited investors, aims to invest in liquid...

US lawmaker reintroduces bill amid pushback on Trump's crypto ties

22.5.2025
A Democratic representative in the US Congress will support a blockchain bill at a time when many left-leaning lawmakers are blocking crypto-related pieces of legislation due to concerns with President Donald Trump’s potential conflicts of interest.In a May 21 notice, Minnesota Representative...

CFTC exodus: Fourth commissioner to depart 'later this year'

21.5.2025
Kristin Johnson of the US Commodity Futures Trading Commission (CFTC) has announced that she plans to depart the agency before 2026.In a May 21 notice, Johnson said she planned to step down from the CFTC “later this year,” having completed her term, which ended in April....

Solana Mobile reveals trustless architecture, token for Seeker device

21.5.2025
Solana Mobile, a subsidiary of blockchain technology company Solana Labs, has revealed the next steps for its soon-to-be-shipped Seeker device and the overall ecosystem. The steps include a new, trustless architecture, a native token, and the Seeker ship date.According to the announcement, Solana...

Jury convicts ex-SafeMoon CEO on all charges

21.5.2025
A New York jury found Braden John Karony, the former CEO of cryptocurrency company SafeMoon, guilty of three felony charges after less than a day of deliberation.According to May 21 reporting from the courtroom, in the US District Court for the Eastern District of New York, a jury convicted Karony...

Coinbase breach hit almost 70k users — Attorneys

21.5.2025
A recent filing with Maine’s attorney general sheds new light on Coinbase’s data breach, claiming that nearly 70,000 users were impacted and that the incident went unnoticed for nearly six months.According to the filing submitted by legal firm Latham and Watkins LLP, 69,461Coinbase...

Price predictions 5/21: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, SUI, LINK, AVAX

21.5.2025
Key points:Bitcoin made a new all-time high, but the bulls will have to sustain the higher levels for the momentum to pick up.Several altcoins have bounced off their respective support levels, signaling a positive sentiment.Analysts expect Bitcoin to maintain its positive momentum and surge above...

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