Crypto

Authorities have asked for 24 months for Eric Council Jr., the individual who pleaded guilty to a charge for compromising the SEC's X account in 2024. The US government has asked a federal judge to impose a two-year sentence for Eric Council Jr., the individual who helped post a fake message announcing the approval of Bitcoin exchange-traded funds through the Securities and Exchange Commission’s (SEC’s) X account. In a May 12 filing in the US District Court for the District of Columbia, prosecutors recommended Judge Amy Berman Jackson sentence Council to two years in prison for his role in posting a message to the social media platform X suggesting that the SEC had approved spot Bitcoin (BTC) exchange-traded funds (ETFs) for the first time in January 2024. The fake announcement, which shook markets in the roughly 24 hours before the regulator actually approved spot Bitcoin ETFs, led to the arrest of Council. “This case deserves a guidelines range prison sentence,” said US prosecutors. “Defendant profited thro...

The company is set to join the broad-market stock index on May 19, replacing Discover Financial.

SEC Chair Paul Atkins signaled a shift from enforcement-first policy to clear rulemaking during the Commission's roundtable on May 12. Blockchain technology could enable “a broad swath of novel use cases for securities” and foster “new kinds of market activities that many of the Commission’s legacy rules and regulations do not contemplate today,” Securities and Exchange Commission (SEC) Chairman Paul Atkins said. During his keynote address at the Commission’s May 12 roundtable on tokenization and digital assets, Atkins welcomed “a new day at the SEC,” adding that “policymaking will no longer result from ad hoc enforcement actions. Instead, the Commission will utilize its existing rulemaking, interpretive, and exemptive authorities to set fit-for-purpose standards for market participants.” A key priority will be to “develop a rational regulatory framework for crypto asset markets that establishes clear rules of the road for the issuance, custody, and trading of crypto assets while continuing to discourage bad ...

The Trump-tied Bitcoin mining company is going public.

Crypto exchange Coinbase will begin trading on the S&P 500 next week. Traders are celebrating the news, with the price rising after hours.

Despite Bitcoin (BTC) dropping by 2.5% in the past 24 hours to trade near $101,600 and triggering nearly $200 million in liquidations of open long positions, the latest “Bitfinex Alpha” report highlighted that on-chain metrics remain constructive. The current price action follows a move that saw Bitcoin rally from a recent low near $74,000 to […] The post Bitcoin’s rise above $100K buoyed by institutional inflows and macro tailwinds – Bitfinex appeared first on CryptoSlate.

While BTC grabbed $867 million of last week's $882 million crypto inflows, ETH struggled with just $1.5 million despite a recent price surge.

The regulator’s lone Democrat questioned why Wall Street should move on-chain during a crypto roundtable held Monday.

Solana’s decentralized finance ecosystem is showing renewed strength after a prolonged slowdown, riding the momentum of the broader crypto market rally. Over the past week, the weekly decentralized exchange (DEX) volumes on Solana climbed to $35.6 billion, marking the highest level in over two months. This growth helped push protocol revenue to $25.9 million, according […] The post Solana network rebounds with record $35.6 billion DEX volume and 58% TVL surge appeared first on CryptoSlate.

Bitcoin is witnessing profit booking near its all-time high, but it is likely to find solid support at $100,000. Will altcoins follow? Key points: Bitcoin price saw profit booking near $105,819, signaling that bears remain active at higher levels. Select altcoins have continued to move higher, indicating increased investor interest.   Read more

Eric Adams spoke at a press conference in New York City on May 12 to announce that it was "open for business" for crypto firms. New York City Mayor Eric Adams announced partnerships between the city and financial firms as part of his crypto plans. In a May 12 press conference at Gracie Mansion, the the city’s official mayoral residence, Adams said June Ou, founder of financial services company Figure, and Richie Hecker, CEO of private equity firm Traction and Scale, would be assisting the city in its crypto efforts. He spoke of Ou and Hecker acting as advisers for New York City’s next steps in “economic development and opportunities to serve the public using digital assets.”  “We are focused on the long-term values of these technologies for our city and its people, not chasing memes or trends,” said Adams, adding: Read more

Securities and Exchange Commission Chairman Paul Atkins called for a sweeping modernization of US crypto asset policy, outlining a three-part strategy to overhaul regulations for issuance, custody, and trading. He made the statement during his keynote address at the SEC Crypto Task Force’s latest roundtable on May 12, which covered tokenization and its potential to […] The post SEC Chair Atkins reiterates need to overhaul crypto rules, pledges to end ‘regulation by enforcement’ appeared first on CryptoSlate.

Microcaps are announcing crypto treasury plans in an attempt to mimic Strategy's approach.

Brazilian authorities are seeking a ban on chat app Discord after a planned attack on LGBTQ+ attendees at a Lady Gaga concert. The country has targeted social media platforms in the past.

“We’re in the midst of nothing short of a technological revolution,” Adams said at a Monday press briefing. “It’s not the future, it is here and it’s here now.”

A malicious actor who exploited the decentralized finance platform MobiusDAO has made off with more than $2 million after depositing less than $1 worth of Binance Coin. 

The merger is the latest among companies focusing on buying and holding Bitcoin.

Strategy has continued its aggressive Bitcoin accumulation, acquiring 13,390 BTC for $1.34 bn at $99,856 each. The firm now holds 568,840 BTC obtained for $39.41 bn while traders assess the impact of a three-month U.S.–China tariff pause and shifting policy conditions. The post Strategy Scoops 13,390 Bitcoin in $1.34B Blitz – Tariff Truce Sparks Volatility appeared first on Cryptonews.

Bitcoin price takes an unexpected turn to the downside even as stocks soar following the US-China trade deal announcement. Key takeaways: Bitcoin lags as investors shift toward stocks after the US and China strike a deal that could end the current trade war. Macroeconomic conditions are swinging away from gold investing and back to stocks.  Read more

The asset manager added a detailed overview of quantum computing threats to the risk disclosure in its Bitcoin ETF's regulatory filing. Emerging technologies, including quantum computing, could potentially render the cryptography securing Bitcoin and other blockchain networks ineffective, asset manager BlackRock said in a regulatory filing.  On May 9, BlackRock updated the registration statement for its iShares Bitcoin ETF (IBIT). The revised version addressed potential risks to the integrity of the Bitcoin network posed by quantum computing, the filing shows. “[I]f quantum computing technology is able to advance […] it could potentially undermine the viability of many of the cryptographic algorithms used across the world’s information technology infrastructure, including the cryptographic algorithms used for digital assets like bitcoin,” BlackRock said. Read more