Crypto

With trade war tensions easing, "macro hopium" is seeing volatile meme coin assets outpace the wider crypto market.

David Bailey’s newly founded Nakamoto Holdings has merged with healthcare provider KindlyMD to create a global Bitcoin-native treasury network. Healthcare services provider KindlyMD has merged with Bitcoin-native holding company Nakamoto Holdings to build a BTC treasury. According to a May 12 announcement, Nakamoto Holdings — a new company founded by David Bailey, a crypto adviser to US President Donald Trump — plans to build the first global network of Bitcoin (BTC) treasury companies in partnership with BTC Inc. Bailey said: Long-term, the firm’s plan includes developing an ecosystem of Bitcoin-native companies, including media, advisory and financial services, all aiming to accelerate Bitcoin adoption and utility. The company resulting from the new merger aims to accumulate Bitcoin and grow the BTC held per share. Read more

Dogwifhat ($WIF) has rebounded 45% in a day to trade near $1.30, lifting its market capitalisation back into crypto’s top 70. Open interest has grown almost 39% and BingX volumes have surged, suggesting Asian traders are driving a 200% recovery from last month’s lows after a 300% crash. The post $WIF Roars Back with 200% Recovery After Brutal Crash appeared first on Cryptonews.

DeGods creator Frank DeGods resigns as CEO after three years, as the NFT collection sees a 101% sales spike on Solana. The creator of the non-fungible token (NFT) collection DeGods announced that he has stepped down as the CEO of the project amid an uptick in sales.  Rohun Vora, known online as “Frank DeGods” on X, said he has stepped down as the project’s CEO, concluding a three-year stint as the head of one of the most popular Solana-based NFT collections.  He identified pseudonymous figures 0x_chill and Pastagotsauce as the new leaders of DeGods. “There are no investigations, because I have never done anything illegal. That’s the boring truth,” Vora wrote, addressing speculation about his departure.   Read more

Pre-market spikes follow news of strategic stock-for-stock transaction.

The Michael Saylor-led company now holds 568,840 bitcoin.

The firm's stash is close to 570,000 BTC now.

Backpack allows former FTX EU users to reclaim euro balances after KYC verification, following its acquisition of the bankrupt crypto platform's EU arm. Crypto exchange Backpack announced that customers of the defunct crypto exchange FTX EU can begin reclaiming their funds through its service. According to a May 12 X post, Backpack now allows FTX EU users who selected it as the redistribution platform to claim their euro balance. Users must first complete Know Your Customer (KYC) verification. Backpack’s support page also said that the KYC details on the platform must match the ones provided to FTX EU: Read more

Metaplex sustained high usage in Q1 2025 as fungible token mints rose and NFT issuance normalized from late-2024 highs. The protocol generated $8.3 million in fees and repurchased 22 million MPLX tokens. Infrastructure upgrades resized over 3 million NFTs and freed 7,000+ SOL. Cumulative transactions surpassed 1 billion, with signer activity up 160% year-over-year.

The Moo Deng price has ballooned by 106% in the past 24 hours, yet whale limit orders reveal an expectation that it could go much higher. The post Moo Deng Price Prediction: MOODENG Spikes 568% In A Week, Is $0.50 Next? appeared first on Cryptonews.

Speculative activity remains closely tied to global funding rates, highlighting crypto’s growing “interconnectedness” with traditional finance, a BIS report claimed. Hundreds of billions of dollars in cross-border cryptocurrency payments flow globally, driven primarily by speculative investment, according to a recent report by the Bank for International Settlements (BIS). The BIS study, published May 8, found cross-border payments using the two largest cryptocurrencies, Bitcoin (BTC) and Ether (ETH), and the two largest stablecoins, USDt (USDT) and USDC (USDC), totaled about $600 billion during the second quarter of 2024, the final observation period covered by the analysis. “Our findings highlight speculative motives and global funding conditions as key drivers of native crypto asset flows,” the BIS said. Read more

Bitcoin ETFs dominated the net inflows to crypto funds last week, according to a new report from CoinShares.

Vitalik Buterin backs RISC-V, an open-source chip architecture, to future-proof smart contracts with greater decentralization, lower costs and long-term hardware independence. RISC-V, pronounced “risk five,” is a modern open-source instruction set architecture (ISA) based on reduced instruction set computer (RISC) principles. In simple terms, it’s like a blueprint that defines a set of instructions that a processor can execute. RISC-V is designed to be highly modular, efficient and flexible. Originally developed by the University of California in 2010, the open-source framework gives developers the flexibility to tailor its functionality and use cases, plus offers cost savings compared to proprietary ISAs like ARM or x86. This offers a wide range of uses, from supercomputers to smartphones and now blockchains like Ethereum. Read more

Easing trade tensions between the U.S. and China could lead to a broader risk-on sentiment and weigh over gold.

Your day-ahead look for May 12, 2025

TRON's native token shows resilience despite late-hour selling pressure as global economic factors create market uncertainty.

HashKey Group, a prominent digital asset financial services firm in the Asia-Pacific region, has received a VASP license from the VARA. The post HashKey Secures VASP License from Dubai’s VARA to Expand in Middle East appeared first on Cryptonews.

Continued inflows have brought the total assets in global crypto funds to $169 billion, just 2.5% below the historic record of $173.3 billion seen in the last week of January. Cryptocurrency investment products continued receiving healthy inflows last week, attracting $882 million as global crypto funds approached all-time high asset levels. Global crypto exchange-traded products (ETPs) recorded $6.3 billion of inflows in the past four weeks, accounting for 93% of total inflows year-to-date (YTD), according to data from European crypto investment firm CoinShares. Total YTD inflows now stand at $6.7 billion, closing in on the record $7.3 billion posted in early February, according to CoinShares’ head of research James Butterfill. Read more

The approval from Germany's BaFin enables BitGo to expand its digital asset services across all 27 European Union member states.

Block traders piled into the $200 call option expiring on June 27.