Crypto

BTC nears $100k on trade news optimism. BTC exchange reserves dropping dramatically. Stripe introduces stablecoin financial accounts. Robinhood plans blockchain platform for trading. US banks can handle crypto custody assets: OCC. Revolut integrates BTC payments in Europe. Bailey raising $300m for BTC investment firm. Strive to move to BTC treasury. Metaplanet issues $25m bonds to buy BTC. ETH’s Pectra upgrade now live. Tether, Plasma collab on zero fee USDT transfers. Jupiter introduces transfers via link or QR code. Bybit’s BTC liquidity back to pre-hack levels. Tether treasury mints another $1bn USDT. $45m stolen from Coinbase users in last week. Moonpay collabs with TRON.

Cardinal Robert Prevost defied global betting markets to become the first U.S.-born pope, stunning gamblers and reshaping Vatican history.

Coinbase’s total revenue fell to $2 billion in Q1 as trading volumes across the market slowed, with net income falling dramatically as crypto prices slumped. Crypto exchange Coinbase’s total revenue fell 10% quarter-over-quarter to $2 billion in Q1, missing industry estimates by 4.1% as trading activity slowed across the market. Coinbase’s net income was sliced by 95% from a near-company record $1.29 billion in Q4 to $66 million, in a large part due to Coinbase marking a $596 million paper loss on its crypto holdings. The firm’s earnings per share of $1.94, however, managed to beat the Zacks Consensus Estimate of $1.85 for the quarter. Read more

Meta is exploring stablecoin-based payment infrastructure in a renewed effort to integrate blockchain technology into its platforms, Fortune reported on May 8, citing people familiar with the matter. According to the report, the tech giant is in preliminary discussions with multiple crypto firms to evaluate stablecoins as a mechanism for managing cross-border payouts. The discussions […] The post Meta exploring stablecoins for cross-border payouts in renewed crypto push appeared first on CryptoSlate.

Coinbase reported $2 billion in total revenue for the first quarter, compared to $1.6 billion in the first quarter of 2024. Meanwhile, the exchange posted $66 million in net income, compared to $1.2 billion, including unrealized gains of $737 million, during the same period last year. Coinbase reported $930 million in adjusted EBITDA for the […] The post Coinbase Q1 revenues up 40% YoY to $2 billion, while net income down appeared first on CryptoSlate.

The Mistral Medium 3 delivers flagship performance, is cheap enough to make inroads in enterprise software, and rivals major competitors.

A senior Russian lawmaker says that intensifying tensions between India and Pakistan will spur a Bitcoin (BTC) price rise. The post Top Russian Lawmaker: India-Pakistan Tensions Will Drive up Bitcoin Prices appeared first on Cryptonews.

Zerebro founder Jeffy Yu was found alive and living at his parents’ house in San Francisco, confirming growing suspicions that the death was staged. Yu, whose livestreamed “suicide” set off a viral cascade of eulogies, a commemorative memecoin launch, and even a digital obituary, was confronted by reporters from the San Francisco Standard on May […] The post Reporters find Zerebro founder alive and breathing at parent’s house, confirming suicide was staged appeared first on CryptoSlate.

A judge this week dismissed most of the claims made in a lawsuit against celebrities like Tom Brady and Larry David for promoting FTX.

The EU plans to “record data on the senders and recipients of funds” to and from crypto-asset service providers, Paschal Donohoe said.

Publicity stunt master Justin Sun is finally blasting into space on Blue Origin — and you can join him. Vietnam’s new TradFi L1. Asia Express. Crypto exchange HTX (formerly Huobi) said it will send one user a $6 million ticket to blast off to space alongside Justin Sun in July 2025. The campaign will select five additional finalists to join seven previous winners to form a 12-person shortlist. One person will ultimately be chosen to participate in the commercial spaceflight. The exchange has actually been talking about doing this since 2021 when Sun was revealed as the winner of a $28 million auction for a ten minute trip into space. It’s unclear why the trip itself has been delayed so long, but scheduling conflicts have been cited. One bonus for Sun, is that he’s received four years of publicity about the very, very expensive promotion. The latest announcement comes amid renewed scrutiny of space tourism, following Blue Origins NS-31 mission in April that sent pop star Katy Perry, TV host Gayle King, and Jef...

Reddit plans to tighten verification processes after researchers used AI to manipulate users' opinions without consent.

The US Securities and Exchange Commission (SEC) filed a proposed settlement agreement with Ripple, CEO Brad Garlinghouse, and Executive Chairman Chris Larsen to resolve the Commission’s longstanding civil enforcement action against the company and its executives. In a filing submitted on May 8, the SEC and the defendants jointly requested that the US District Court […] The post SEC files to settle lawsuit with Ripple, execs over civil penalty dispute appeared first on CryptoSlate.

The head of the US Securities and Exchange Commission (SEC) Crypto Task Force, Hester Peirce, said the decade-long process that led to the approval of spot Bitcoin exchange-traded funds (ETFs) was mishandled, and urged crypto market participants to be patient with ongoing regulatory delays. In an interview on Bloomberg’s Trillions podcast, Peirce addressed the slow […] The post SEC’s crypto task force lead criticizes ETF approval process, highlights need for patience appeared first on CryptoSlate.

SOL Strategies has signed an MOU with Superstate to examine placing its listed shares on Solana via the Opening Bell platform. The initiative aligns with BlackRock’s $1.7 billion BUIDL expansion and Robinhood’s EU tokenized stock plans, boosting Solana’s role in compliant, real-time settlement. The post SOL Strategies Partners with Superstate to Pilot Solana Equity Tokenization on Surging Demand appeared first on Cryptonews.

The SEC and Ripple agreed that the fintech company will pay just $50 million to settle a long-running lawsuit over XRP sales.

Stablecoins continue to attract attention from big tech firms and legacy financial institutions, reacting to demand from retail investors. Tech company Meta is reportedly exploring integrating stablecoin payments into its platforms after a three-year hiatus from cryptocurrencies, Fortune reported, citing sources familiar with the matter. The Facebook parent held talks with several crypto infrastructure firms in consultation but has not chosen a decisive course of action, according to the report. One source said the company may take a multi-token approach and integrate support for popular stablecoins such as Tether's USDt (USDT), Circle's USD Coin (USDC) and others. Read more

After bipartisan backing, the GENIUS Act has fallen 48-49 in the Senate, delaying a stablecoin rulebook and leaving oversight to states. Treasury Secretary Scott Bessent says the setback dents dollar sway, while Democrats cite Trump’s $TRUMP gala and USD1-Binance deal as complicating factors. The post GENIUS Act Stalls After 49–48 Senate Vote, Stablecoin Framework in Limbo appeared first on Cryptonews.

USD1 has grown from $128 m to more than $2.1 bn within days, driven by sizeable BNB-Chain mints and MGX’s agreement to use the token for a $2 bn Binance investment. Backed by WLFI, the dollar-pegged coin now ranks seventh by market cap, has drawn investors across Europe, Asia and Latin America, and has been listed fee-free on HTX. The post USD1 Stablecoin Blasts 1,540% to $2.1B – Will Trump-Tied Token Keep Its Peg? appeared first on Cryptonews.

Bitcoin is back above $100K and pulling meme coins with it, with Dogecoin, Fartcoin, and President Trump's Solana coin showing massive gains.