Crypto

Genesis Global has launched a legal offensive against its parent company, DCG, and CEO Barry Silbert, accusing them of engineering insider transactions that drove the firm into bankruptcy. The post Genesis Sues DCG and Barry Silbert to Recover Billions Over Alleged Misconduct appeared first on Cryptonews.

This latest acquisition was made at an average purchase price of $103,234 per bitcoin.

In Q1 2025, Ronin executed a pivotal transition to a permissionless architecture, enabling open smart contract deployment and catalyzing a sharp increase in developer activity. Key ecosystem highlights included OpenSea’s integration, the explosive debut of Tama Meme, and the $21M Fableborne presale. While financial and usage metrics declined QoQ amid market headwinds, native DeFi TVL increased and infrastructure upgrades like the Cerastes hardfork and Ronin Developer Console laid the groundwork for long-term scalability. With $23M in capital programs launched and several new game deployments, Ronin is positioning itself as a broader platform for gaming, DeFi, and consumer apps.

Holdings of the stock by government bodies reflects a desire to gain bitcoin exposure where in some cases local regulators do not allow direct ownership, the report said.

Different market participants are accumulating, but miners are selling - what's next for BTC?

Avalanche, Helix and Faculty Group launch Fusion, a $100 million initiative to build modular, sector-specific blockchain networks. Avalanche, Helix and Faculty Group have launched Fusion, a new blockchain ecosystem aimed at driving real-world adoption through modular infrastructure tailored to specific industries. Built on Avalanche, Fusion features a two-layer architecture that includes composers, customizable layer-1 networks and modules, which offer plug-and-play services like compute, identity and data oracles.  The team said this approach would be the answer for mainstream adoption, as they attempt to deliver “outcome-driven, domain-specific” blockchain-based economies.  Read more

Check out why ADA could be on the verge of a price rally.

XRP remains in a prolonged consolidation phase, trading within channels across both its USD and BTC pairs. The structure is tightening, signalling an imminent breakout. However, momentum has cooled, and the market is awaiting a catalyst. Technical Analysis The USDT Pair XRP/USDT continues to respect the boundaries of a large descending channel. The price recently […]

India’s Supreme Court questioned the government’s failure to regulate cryptocurrencies despite taxing them, warning that Bitcoin and similar assets pose economic risks. India’s Supreme Court questioned the government’s lack of regulatory clarity on cryptocurrencies despite imposing taxes on digital assets like Bitcoin. According to the Indian legal news outlet LawChakra, the country’s Supreme Court expressed concern over the increasing use of Bitcoin (BTC) and other cryptocurrencies, which remain largely unregulated. “This is a whole parallel economy running with such coins, and it is a danger to the economy of the country,” Justice Surya Kant reportedly said during a recent hearing related to an ongoing investigation into a Bitcoin transaction. Read more

Ethereum is currently testing a decisive resistance region near the 200-day moving average at $2.5K, which has triggered a consolidation phase. While a deeper short-term correction remains possible due to prevailing supply and overbought conditions, market structure and momentum suggest a potential bullish breakout in the mid-term. Technical Analysis By ShayanMarkets The Daily Chart ETH’s […]

Aave has surged 20% after U.S. lawmakers advanced the GENIUS Act, a stablecoin bill seen as a potential catalyst for DeFi regulation.

STRK has risen more than bitcoin and the S&P 500 index while offering an attractive yield and differentiated market exposure.

Kraken is offering derivatives trading in digital assets, compliant with Europe's Markets in Financial Instruments Directive (MiFIDII).

Crypto traders are betting on Ethereum's ether to reach $6,000 by Dec. 26 through bull call spreads.

O’Leary argued that Senator Elizabeth Warren’s objections to the GENIUS Act distort its purpose and threaten bipartisan progress.

Supreme court justice Surya Kant and N Kotiswar Singh said that there is "parallel under-market" for crypto that can affect the economy.

Your day-ahead look for May 20, 2025

Binance is pushing to dismiss a $1.76 billion lawsuit filed by FTX, claiming the suit wrongly blames Binance and former CEO Changpeng Zhao for a collapse caused by internal fraud. Binance has filed a motion to dismiss a $1.76 billion lawsuit brought by the FTX estate, accusing the defunct crypto exchange of trying to deflect blame for its own failure. Filed on May 16 in the Delaware Bankruptcy Court, Binance’s legal team called the suit “legally deficient,” stating that FTX’s collapse was not triggered by market manipulation or hostile action but by internal misconduct. “Plaintiffs are pretending that FTX did not collapse as the result of one of the most massive corporate frauds in history,” the filing said, pointing to Sam “SBF” Bankman-Fried’s conviction on seven counts of fraud and conspiracy. Read more

Bitcoin ETFs saw their best day of trading since the start of May, with Fidelity and Ark's funds accounting for more than half of inflows.

Maelstrom has awarded Bitcoin developer Ben Allen a $100,000 grant to improve Payjoin, a privacy-focused transaction method that could boost Bitcoin scalability. Bitcoin developer Ben Allen has received a $100,000 grant from investment firm Maelstrom to support the development of Payjoin, a privacy-focused tool aimed at improving Bitcoin’s scalability and privacy. According to a May 20 announcement shared with Cointelegraph, Maelstrom will finance Allen’s work on his Payjoin devkit alongside Dan Gould. The system allows Bitcoin (BTC) senders and receivers to use batched transactions, with positive implications for scalability and privacy. Payjoin was first proposed by Nicolas Dorier in 2019 in Bitcoin improvement proposal (BIP) 78. The core principle behind the system is that both senders and receivers may contribute inputs to a transaction. Read more