Crypto

NEAR Protocol (NEAR) joined Uniswap (UNI) as a top performer, gaining 11.7%.

The other big news from this week came from the SEC and Ripple.

One of the most sophisticated crypto drainers has resurfaced in a malware campaign targeting Discord users.

Institutions trading crypto need more than fast execution, they need tools to unlock capital and build precise strategies says Flowdesk’s U.S. CEO.

The Ethereum Foundation distributed $32.6 million in Q1 2025 grants to support education, ZK tech developer tools and the wider blockchain ecosystem. The Ethereum Foundation, the nonprofit that supports development across the Ethereum blockchain, distributed $32.6 million in grants in the first quarter of 2025.  In an allocation update, the organization reported spending on various initiatives through its Ecosystem Support Program (ESP).  Categories included community and educational grants, zero-knowledge and cryptography. Other allocations included execution layers, developer experience and tools, layer-2 networks and overall ecosystem growth and support.  Read more

Gemini’s new derivatives offering in Europe will include perpetual futures and other derivatives, which will be available to advanced exchange users. Gemini, the cryptocurrency exchange founded by Cameron and Tyler Winklevoss, has received regulatory approval to expand crypto derivatives trading across Europe. Gemini secured a Markets in Financial Instruments Directive II (MiFID II) license from the Malta Financial Services Authority (MFSA), allowing the exchange to offer crypto derivatives in the European Union, it announced on May 9. “Once we commence business activities, we will be able to offer regulated derivatives throughout the EU and EEA [European Economic Area] under MiFID II,” said Gemini’s head of Europe, Mark Jennings. Read more

With 72M+ users and addictively simple gameplay, TapSwap is more than just a crypto fad — it’s evolving into a full-scale blockchain gaming platform. TapSwap is a tap-to-earn Web3 application that lives inside Telegram — no separate download required. Are your crypto friends obsessed with tapping their phones all the time? Welcome to the world of TapSwap. TapSwap is a tap-to-earn game released in mid-2024 in the Telegram Mini Apps ecosystem. The game quickly catches your attention: one minute you’re just curious… the next, you’re tapping away at 2 am trying to squeeze out one more energy boost.  Read more

XRP (XRP) has rallied by nearly 8.7% in the past 24 hours and currently sits at $2.40 per token as the crypto market’s furious surge seems to still have more fuel in the tank – fueling an increasingly bullish XRP price prediction.This week, a report from Politico revealed how far the crypto industry’s influence in […] The post Ripple Behind Trump’s XRP Post? Could This Controversy Trigger a Rally to $1,000? (XRP Price Prediction) appeared first on Cryptonews.

German prosecutors confiscate servers and digital assets from platform accused of laundering proceeds from major crypto hacks.

Senate Banking Committee Chairman Tim Scott blamed the failure of the GENIUS Act on Democrat-led partisan politics. Senate Banking Committee Chairman Tim Scott blamed the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act’s failure on partisan politics during a Senate speech on May 8. Scott said the vote, which failed to reach cloture in the Senate, was expected to mark a step toward greater affordability and innovation. Instead, he said, political divisions took precedence. “Instead, we witnessed a disappointing display of political gamesmanship that puts partisan politics above policy, and obstruction above innovation, “Scott said. Read more

Top altcoins are mimicking BTC's late April bullish breakout that set the stage for a rally to $100,000.

ETH surged to a two-month high close to $2,500.

Taiwan legislator Ko Ju-Chun proposed allocating a small percentage of the Taiwanese reserves to Bitcoin as part of the diversified reserve strategy. Taiwanese lawmaker Ko Ju-Chun has called on the government to consider adding Bitcoin to its national reserves, suggesting it could serve as a hedge against global economic uncertainty. Ko, a legislator at-large in Taiwan’s legislative body, the Legislative Yuan, took to X on Friday to report that he had advocated Bitcoin (BTC) investment by the Taiwanese government at the National Conference on May 9. In his remarks, Ko cited Bitcoin’s potential to become a hedge amid global economic risks and urged Taiwan to recognize the cryptocurrency alongside gold and foreign exchange reserves to boost its financial resilience. Read more

Your day-ahead look for May 9, 2025

Ethereum's Pectra upgrade and the easing of global trade tensions helped the network soar by over 20% Friday morning.

Bitcoin reaches a key battleground at $104,000, but bulls are starting to struggle with upside momentum as new all-time highs suddenly come within reach. Key points: Bitcoin (BTC) is at its highest levels since January, and traders are eyeing key levels to watch for what’s next. After hitting $104,000, BTC/USD is retracing to establish support, but the fate of $100,000 is among the concerns for market participants. Read more

Mohammed Azharuddin Chhipa used crypto and encrypted apps to send over $185K to ISIS members in Syria, the DOJ said.

EXch served as a hub for over $1.9 billion in illicit crypto transfers, authorities said, with funds tied to both high-profile hacks and phishing operations.

Panning out over just the last week shows a much bigger sign of institutional positioning on BTC, Deribit said.

Bitcoin‘s surge past $100,000 for the first time in three months prompts predictions for a further rally toward $180,00 and beyond. Key takeaways: Bitcoin was up 4.3% on May 9, after breaking $100,000  for the first time since February. BTC price gains trigger $800 million in short liquidations, the largest since 2021. Read more