Crypto

XRP price jumps as traders react to Trump’s trade deal tease, whale accumulation, and a bullish technical breakout. Key takeaways: XRP surged on May 8, boosted by risk-on sentiment following US President Donald Trump’s teased trade deal with the UK. Whale accumulation continues, with the number of addresses holding 10,000+ XRP rising steadily on price dips. Read more

Emirates General Petroleum Corporation (Emarat), the UAE’s federal government-owned fuel retailer, has partnered with Crypto.com to introduce crypto payments at fuel stations, marking a first in the Middle East and North Africa. The initial phase enables crypto payments at 10 Emarat stations across Dubai, with plans to expand the service throughout Emarat’s network, according to […] The post UAE state-owned Emarat partners with Crypto.com to integrate Bitcoin, crypto payments at gas stations appeared first on CryptoSlate.

The GENIUS Act failed to clear a procedure called cloture after pushback from Senate Democrats, who raised concerns about US President Donald Trump's crypto ventures. The Guiding and Establishing National Innovation for US Stablecoins of 2025 Act, known as the GENIUS Act, failed to pass cloture in the United States Senate on May 8, dealing a slight blow to cryptocurrency regulation in the country. The bill, sponsored by Senator Bill Hagerty and co-sponsored by Senators Tim Scott, Kirsten Gillibrand, Cynthia Lummis and Angela Alsobrooks, received last-minute pushback from Democrats, who took aim at the bill and raised concerns about US President Donald Trump’s cryptocurrency ventures. To address the concerns of Senate Democrats, the bill had already been amended to include stricter requirements for stablecoin issuers for further provisions for Anti-Money Laundering. Read more

Cryptocurrencies have rallied as Trump has unveiled a “maxed-out” U.S.–UK trade deal showing a softer tariff stance. Bitcoin has topped $100,000 and altcoins have followed, though analysts note low volume may bring short-term swings as markets await more details. The post Bitcoin Rockets Past $100K on Trump’s ‘Maxed-Out’ UK Deal – Volatility Ahead? appeared first on Cryptonews.

Last-minute Democrat objections led to a failed vote to move into debate on a top crypto industry legislative priority to regulate dollar-based tokens.

A March social media post announcing the president's plans for a strategic crypto reserve reportedly came from an employee of a lobbying firm tied to Ripple Labs. US President Donald Trump was reportedly manipulated by a lobbyist tied to Ripple Labs into announcing the XRP token would be part of his plans for a national cryptocurrency reserve. According to a May 8 Politico report, an employee of pro-Trump lobbyist Brian Ballard gave the president the text to a social media post she recommended he write announcing a US strategic crypto reserve that would include XRP, Solana (SOL), and Cardano (ADA). After he posted the message to his social media platform on March 2, Trump learned Ripple was one of Ballard’s clients, infuriating the president, who felt like he’d been used, Politico reported, citing two people familiar with the incident. “He is not welcome in anything anymore,” said Trump, referencing Ballard, according to the report. Read more

Missouri has advanced landmark legislation to scrap capital gains taxes on profits from stocks, property and crypto, retroactive to 2025. The measure, awaiting Gov. Mike Kehoe’s approval, has triggered debate over lost revenue versus potential economic growth and interstate tax competition. The post Missouri Moves to Axe Capital Gains on Crypto & Stocks – Budget Battle Looms appeared first on Cryptonews.

The GENIUS Act failed a key Senate vote Thursday, leaving the future of the stablecoin bill and other crypto legislation in question.

Bitcoin rose above $101,000 even as Donald Trump pressured U.S. central bank Chair Jerome Powell anew to lower interest rates.

The Binance founder cites Trump's BitMEX pardons as precedent while noting his unique status as the sole BSA violator sentenced to prison.

Binance has maintained surpluses across 37 tracked assets, publishing its 30th consecutive proof-of-reserves snapshot. While BTC and BUSD coverage stand at 102% and 206%, the exchange has also partnered with Kyrgyzstan on nationwide crypto payments and backed crypto tourism in Bhutan. The post Binance Boasts Surplus Reserves, Bolstering Confidence After FTX Fallout appeared first on Cryptonews.

The US Securities and Exchange Commission is looking at potentially exempting companies that issue tokenized securities from certain registration requirements. Updated to correct that the SEC sent a Wells notice to Uniswap but did not bring charges. The US Securities and Exchange Commission (SEC) is considering rule changes to let companies more freely issue tokenized securities, SEC Commissioner Hester Peirce said in a speech published on May 8. The regulator is “considering a potential exemptive order” for firms using blockchain technology to “issue, trade, and settle securities” that would release them from certain registration requirements, Peirce said in the speech. Read more

Arbitrum has risen 8.6% to $0.33, with 24 h trading volume up 72% to $183 M. The Layer-2 network has led DeFi TVL at $2.3 B, added $2.8 B in stablecoins through native USDC transfers, and launched a $200 M program funding studios like Proof of Play to grow its gaming ecosystem. The post Arbitrum Jumps 8% – Can $ARB Break the Crucial $0.35 Ceiling? appeared first on Cryptonews.

Over 140,000 traders were liquidated over the past 24 hours.

Has Ethereum been too complacent about fees? It no longer has the “luxury of being a peace-time research project,” said one conference panelist. Layer 2s have been a great blockchain success story. They’ve reduced congestion on the Ethereum mainnet, driving down gas fees while preserving security. But maybe they’ve become too successful, drawing chain activity and fee income from the parent that spawned them? At least that’s what some are suggesting lately, most recently at Cornell Tech’s blockchain conference in late April. Indeed, some think Ethereum should be a little greedier, or at least fight harder for a bigger part of the revenue pie, particularly sequencing fees.  Read more

Missouri will become the first US state to eliminate the levy if Governor Mike Kehoe signs the bill into law. Missouri House Bill 594, a bill that would eliminate capital gains tax in the US state, has passed a vote in the state House of Representatives and now heads to Missouri Governor Mike Kehoe's desk for signature. According to attorney Aaron Brogan, the bill stipulates a 100% income tax deduction for any capital gains income because the Missouri tax code does not explicitly distinguish between capital gains and income tax. Brogan told Cointelegraph that the specific mechanism to exempt capital gains taxes outlined in HB 594 is unique and compared it to a similar income tax deduction in the federal tax code. The attorney explained: Read more

[PRESS RELEASE – San Francisco, CA, May 8th, 2025] BITE is set to become the first protocol to eliminate MEV at the consensus level, ending front-running, sandwich attacks, and other transaction exploits. SKALE Labs, the team behind the gas-free invisible blockchain network SKALE, today announced the launch of BITE Protocol, the industry’s first consensus-level solution […]

The tech giant's "thinking model" outperforms rivals on complex benchmarks and is now available to all users for free

SPACE ID and Floki have partnered to introduce Floki Hub, a decentralized identity service powered by the $FLOKI token and Floki Name Service. .floki domain owners can consolidate wallets, NFTs and profiles, and generate on-chain resumes to verify skills and reputation across the Web3 ecosystem. The post SPACE ID and Floki Upgrade Web3 Identity: .floki Domains Become Verified On-Chain Profiles appeared first on Cryptonews.

The Ethereum price (ETH) has jumped 12.5% in the past 24 hours, now trading above $2,000 following the successful deployment of the Pectra upgrade.On May 7, the Ethereum team announced that Pectra was already live on the project’s mainnet after months of waiting. Pectra is live on Ethereum mainnet! – Smart account wallet UX features […] The post Ethereum Price Surges After Pectra Upgrade – Bulls Now Eye $10,000 Target appeared first on Cryptonews.