Crypto

nternet capital markets are reshaping how value is created and exchanged online, with platforms like Believe enabling anyone to tokenize ideas, products, or communities. While the model has sparked explosive growth and cultural relevance, it remains contentious—hailed by some as a new frontier in capital formation and dismissed by others as thinly veiled speculation. The future of the trend will hinge on whether projects can deliver lasting utility and economic sustainability beyond early hype.

Chainlink recently inked deals with JP Morgan's Kinexys and Ondo Finance to develop payment rails for tokenized assets. Asset tokenization is set to accelerate the movement of capital across traditional markets, according to Chainlink co-founder Sergey Nazarov. Speaking with Cointelegraph at Consensus 2025 in Toronto, Nazarov said the shift will boost capital velocity in asset classes such as treasuries, equities, private credit, commercial debt, and real estate. "I think that there are two sides to this equation. One is the asset, and the other one is the payment. So, you need more high-quality assets onchain, but you also need more frictionless payments that existing institutions can use easily," Nazarov said on May 14. The remarks came on the same day Chainlink announced a partnership with Kinexys, a blockchain network for institutional-grade tokenized assets by JP Morgan, and digital asset firm Ondo Finance. Together, the companies will develop payment rails for institutions trading tokenized real-world a...

The company still managed to clock net income of more than $400 million due to increasing values of derivatives on its balance sheet, Bitdeer said. Bitdeer Technologies Group reported a 41% year-over-year drop in revenue to $70.1 million for the first quarter of 2025, the Bitcoin miner said on May 15.  The Singaporean company clocked an operating loss of $3.2 million for the quarter, down from a $34.1 million profit during the same period last year, its earnings release said.  However, Bitdeer reported a Q1 net income of more than $400 million, largely driven by gains on convertible notes and warrants issued to stablecoin issuer Tether in 2024. Read more

FTX Recovery Trust will begin distributing over $5 billion to creditors on May 30 as part of the company’s Chapter 11 Plan of Reorganization, according to a May 15 statement issued by the Trust.  Holders of allowed claims in both Convenience and Non-Convenience Classes who have completed the required pre-distribution steps will receive the funds. […] The post FTX creditors poised to receive $5B by May 30 in latest distribution round appeared first on CryptoSlate.

This week's top Myriad Markets include predictions on Strategy's next Bitcoin buy, the chaotic NBA playoffs, and Nintendo Switch 2 pricing.

The agency’s affirmation comes after an internal memo signaled a shift in its stance against crypto mixers.

Not all FTX account holders will be reimbursed in the second distribution of assets, but the trust said it will send more than $5 billion “within 1 to 3 business days” of May 30. More than two-and-a-half years after filing for bankruptcy, cryptocurrency exchange FTX is moving forward with repaying users who have not had access to their funds. In a May 15 notice, the FTX Recovery Trust announced that it would begin disbursing funds to the second group of parties eligible under the exchange’s reorganization plan. Starting on May 30, FTX will send more than $5 billion to creditors “within 1 to 3 business days” through crypto firms BitGo and Kraken.  In accordance with the reorganization plan, FTX said five groups of “convenience classes” would receive between 54% and 120% distribution of assets. The repayment schedule for the next class of creditors will be “announced in due course,” and the debtors were expected to pay up to $16 billion if all claims were filed. Read more

Stablecoins could create new crypto use cases, especially for enthusiasts in developing countries, Aptos' head of ecosystem said. Stablecoin regulation is “the next catalyst” for the crypto industry and could lead to unprecedented “appetite from institutional investors,” according to Ash Pampati, head of ecosystem at the Aptos Foundation. In an interview with Cointelegraph at Consensus 2025 in Toronto, Pampati said that “the whole world outside of the United States […] has already jumped onto this [stablecoins],” adding that “the US is [...] at the doorstep.” “I really think about new use cases that can emerge because of the borderless nature of stablecoins, because of the efficiency of the dollar onchain,” he said. “If you're trying to send money to your friend in Nigeria, why do you have to go through a bunch of hoops?” Read more

The US Securities and Exchange Commission (SEC) is investigating Coinbase to determine whether it misrepresented the number of users on its platform. Coinbase confirmed the news on May 15 after a New York Times article revealed the probe and reported that it had been ongoing since the Biden administration. The report, combined with the exchange […] The post Coinbase confirms Biden-era SEC probe over ‘verified users’ is still ongoing appeared first on CryptoSlate.

The value of Avenir's IBIT holdings have grown 30% after it recently bought 3.4 million more shares of the spot Bitcoin ETF.

Ukraine has edged closer to adopting Bitcoin as part of its national reserves, with MP Yaroslav Zhelezniak confirming a near‑ready bill. Binance has voiced support, yet open issues on tax, compliance and oversight suggest full crypto legislation may not be finalised until 2025. The post Ukraine Drafts Bill to Add Bitcoin to War Chest – Is a National Reserve Next? appeared first on Cryptonews.

At Consensus 2025, leaders from PayPal and MoneyGram pointed to regulation, real-world utility and trust as keys to stablecoin growth.

At a panel at Consensus 2025, TRM Labs' Ari Redbord discussed Coinbase’s response to their recent hack

Just days after DeGods founder Frank said he was departing as CEO, his Solana wallet was compromised and 16 NFTs were sold off.

US District Judge Analisa Torres denied a joint motion filed by the Securities and Exchange Commission (SEC) and Ripple for a proposed settlement to resolve the ongoing enforcement action over the sale of XRP.  Issued on May 15 and shared on X by lawyer James Filan, the denial does not terminate the parties’ settlement efforts […] The post Court denies SEC, Ripple settlement motion after finding procedural misstep appeared first on CryptoSlate.

Solana price hit resistance at $180, but soaring network activity and a megaphone chart pattern could catalyze a move to $210. Key Takeaways: Solana formed a megaphone chart pattern with a potential $210 price target. Solana’s ecosystem growth highlights renewed investor interest with a $4 billion realized cap increase and 731 million transactions. Read more

House Democrats have asked Treasury Secretary Scott Bessent to unseal suspicious activity reports dating from January 2023 that involve Trump-branded crypto tokens, World Liberty Financial, WinRed and America PAC, saying transparency is needed to assess influence-peddling and national-security concerns. The post House Democrats Warn of ‘Shocking’ Corruption, Demand Trump Crypto SARs by May 30 appeared first on Cryptonews.

Telegram’s founder Pavel Durov has taken direct aim at Meta-owned WhatsApp, calling it a “cheap copycat” and accusing it of launching smear campaigns against his platform. His May 15 comments accompanied the announcement of a new $50,000 contest to showcase Telegram’s features. The competition will run until May 26. ‘Watered-down’ Durov said the contest will showcase […] The post Pavel Durov calls WhatsApp ‘cheap copycat,’ launches $50K contest to showcase Telegram’s superiority appeared first on CryptoSlate.

A legislative draft obtained by CoinDesk shows a marginally revised version despite Democrats citing "major victories" in the Senate negotiation.

A new draft of the GENIUS Act is being touted by Democrats as containing major concessions. The bill may receive a new floor vote in the coming days.