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Trump-owned Truth Social denies it is launching a memecoin


Truth Social, the social media network owned by Trump Media, has denied it is launching a memecoin following circulating rumors on social media.“Contrary to rumors, Truth Social is not launching a memecoin,” the official Truth Social account posted on its platform. The social media...

SEC hacker once Googled ‘if I am being investigated by the FBI’


Eric Council Jr., the SIM swap hacker who helped compromise the Securities and Exchange Commission’s X account last year, made $50,000 performing similar attacks and even searched how to tell if the FBI is investigating him, recent filings show.The recent filing was part of...

Dubai taps Crypto.com to enable crypto payments for govt services


The government of Dubai has signed an agreement with crypto exchange Crypto.com to launch crypto payments for government services. The agreement, formalized during the Dubai fintech Summit on May 12, is part of Dubai’s cashless strategy, which hopes to foster the city’s transition...

Hodl my beer: Businesses are the biggest Bitcoin buyers this year


Corporations and businesses are the largest net buyers of Bitcoin so far this year, outpacing exchange-traded funds and retail investors, according to new research. Firms such as Michael Saylor’s Strategy have bought more Bitcoin (BTC) this year than any other category of investor, with...

ZKsync X hacker posts false SEC probe in apparent effort to crash token


The X account of the Ethereum layer 2 network ZKsync and its developer Matter Labs were compromised early on May 13, with hackers falsely claiming the network was being probed by US authorities, among other scam messages. A ZKsync-related X account posted on May 13, confirming the accounts...

Anchorage Digital buys Mountain Protocol, USDM stablecoin winds down


Crypto bank Anchorage Digital has expanded its stablecoin offerings with the acquisition of Mountain Protocol, a stablecoin issuer that says it will begin winding down its main stablecoin, Mountain USD (USDM).The acquisition, which is subject to customary closing conditions and regulatory approval...

Dogecoin traders predict 180% DOGE price rally if Bitcoin gains continue


Key Takeaways: Dogecoin's 38% surge reflects strong market demand, with spot-buyer volumes taking charge since March. A bullish MACD crossover has traders predicting a 180% rally, with targets at $0.65 and $1.Dogecoin's (DOGE) price rallied in lockstep with Ethereum over the past 7 days, gaining...

Curve Finance warns its DNS has been hijacked again


Decentralized finance (DeFi) protocol Curve Finance has warned that a hacker has again hijacked its domain name system (DNS), sending users to a malicious website.  In the second attack on its infrastructure in a week, the “curve.fi DNS might be hijacked. Don’t...

DeFi lender Aave reaches $40B in value locked onchain


Aave, a decentralized finance (DeFi) protocol, has reached a new record of funds onchain, according to data from DefiLlama.In an X post, Aave said it topped $40.3 billion in total value locked (TVL) on May 12. Onchain data reveals that Aave v3, the latest version of the protocol,...

Top TRUMP whales hold $174M in tokens ahead of dinner with US president


The list of the top holders of US President Donald Trump’s memecoin has been finalized ahead of background checks to apply for a dinner and “VIP tour” with the president on May 22.In a May 12 X post, the TRUMP memecoin project said it would stop considering additional purchases...

Coinbase stock surges as it’s set to join the S&P 500


Coinbase Global (COIN) will join the Standard and Poor's 500 (S&P500) index fund on May 19, financial information services platform S&P Global said in a recent statement.The crypto exchange will replace Discover Financial Services (DFS), which was recently acquired by Capital One Financial...

US Prosecutors recommend 2 years for SEC hacker


The US government has asked a federal judge to impose a two-year sentence for Eric Council Jr., the individual who helped post a fake message announcing the approval of Bitcoin exchange-traded funds through the Securities and Exchange Commission’s (SEC’s) X account.In a May 12 filing...

Price predictions 5/12: SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, SUI


Key points:Bitcoin price saw profit booking near $105,819, signaling that bears remain active at higher levels.Select altcoins have continued to move higher, indicating increased investor interest.  The SPX and the DXY are playing catch-up to Bitcoin following the US-China trade...

NYC Mayor doubles down on crypto push ahead of city summit


New York City Mayor Eric Adams announced partnerships between the city and financial firms as part of his crypto plans.In a May 12 press conference at Gracie Mansion, the the city’s official mayoral residence, Adams said June Ou, founder of financial services company Figure, and Richie...

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