Crypto

The deal follows BVNK's $50 million fundraising round that included Haun Ventures, Coinbase Ventures and Tiger Global.

Diversified Energy is under fire for reportedly walking away from a natural gas-powered crypto mining site in Pennsylvania without plugging wells. Cryptocurrency miner Diversified Energy quietly vacated a natural gas-powered crypto mining site in Elk County, Pennsylvania, reportedly leaving behind unplugged wells and regulatory violations. The site, known as Longhorn Pad A, was revived in 2022 after sitting dormant for nearly a decade when Diversified began using it to fuel on-site generators powering cryptocurrency mining computers, according to a report by the Erie Times-News. Per the report, the operation was launched without obtaining an air quality permit from the Pennsylvania Department of Environmental Protection (DEP). Read more

Key bearish indicators recently trapped bears on the wrong side of the market in a pattern observed in August-September 2024.

Senate Democrats have introduced new legislation aimed at curbing financial gains by federal official, including former President Donald Trump and his family, through cryptocurrency ventures. The post Senate Democrats Target Trump Family in New Bill Banning Crypto Issuance by Officials appeared first on Cryptonews.

Your day-ahead look for May 7, 2025

UNDER EXPOSED brings you coverage of the biggest macro news of the week impacting crypto and broader markets, with a focus on the newest trends, trades and narratives. Join hosts TylerD, Deeze, Geebz and Peter Jennings as they have longer conversations on the hottest sectors in crypto and NFTs, what is moving markets and what they’re buying and selling. Streaming live every Tuesday from 12:00 PM EST to 1:00 PM EST on YouTube and X. LIVE AUDIO SPACE - https://x.com/i/spaces/1OyJALAWbYwGb Links: https://www.rug.fm/ https://x.com/rugradio https://linktr.ee/rugradio Hosts: https://twitter.com/deeze https://twitter.com/CSURAM88 https://twitter.com/artgeebz https://twitter.com/tyler_did_it Myriad: https://myriad.markets https://x.com/MyriadMarkets https://www.instagram.com/myriadmarkets #bitcoin #crypto #podcast

The upgrade combines 11 EIPs including game-changing account abstraction that transforms regular wallets into smart contract-like powerhouses.

The “mog/acc” is quickly gaining ground among everyone from Elon Musk to Garry Tan, a move that bumps the project’s visibility - and eventually prices.

Crypto legislation worries, Gold starts rallying again, CFTC to trial tokenisation - FOMO HOUR EP351 BTC: 93.7k (-1%), ETH: 1765 (-3%), SOL: 142 (-3%). Top Gainers: XDC, XMR, DEXE, TAO, NEXO. BTC ETFs: +$426mn, ETH ETFs: $0mn. Crypto dips on worries about US legislation passing. Florida’s BTC reserve bills postponed. Semler Scientific buys $16m BTC. Riot Platforms sold $39m BTC in April. BTC coinbase premium dropping again. DeFi Development buys $72m SOL. SOL April revenue is more than all L1, L2 chains. SUI stablecoin supply $900m, sets new ATH. SEC delays Canary LTC ETF. CFTC to observe pilot tokenisation programs. Trump set for 2 crypto focused dinners in May. ETH Pectra upgrade live tomorrow. TVL of tokenised RWAs surpasses $22bn. FTX estate sold $500m Cursor stake for $200k. CZ wants BTC, BNB in Kyrgyzstan’s reserves. CZ does 1hr long interview on crypto outlook. FOMO HOUR brings you the biggest daily news, updates and events from inside and outside of the crypto and macro spheres! Join hosts Farokh, Man...

The Pectra upgrade enables new wallet smart contract features, enhanced validator economics, and improved scalability on Ethereum.

The update aims to streamline staking, enhance wallet functionality, and improve overall efficiency.

With Bitcoin hovering around $95,000 to $97,000, Xapo Bank CEO Seamus Rocca sees growing investor confidence to borrow using BTC as collateral. Bitcoin holders are becoming more comfortable borrowing against their crypto as market confidence grows, according to Seamus Rocca, CEO of the Gibraltar-based private bank, Xapo Bank.  In an interview at the Token2049 event in Dubai, Rocca told Cointelegraph that with Bitcoin (BTC) hovering around $95,000 and institutional adoption starting to catch on, the mood among investors has shifted from short-term speculation to a more long-term outlook.  “I’m not sure that confidence would have been there three or four years ago,” Rocca told Cointelegraph. “But today, people are more comfortable to borrow against Bitcoin because we’re nowhere near the levels that would trigger liquidation.” Read more

Bitcoin price is up today as market participants expect progress on US-China trade talks to increase risk-on sentiment that should boost stocks and crypto. Key takeaways: Bitcoin gained 2% to $96,530 on May 7, fueled by US-China trade deal hopes. BTC price rises with $83.6 million in short liquidations, with open interest up 26% to $64.4 billion, signaling strong bullish momentum. Read more

Hive Digital Technologies president and CEO Aydin Kilic said Hive is not engaging in short-term regional arbitrage but sees Paraguay as a long-term clean energy partner. Several crypto-focused organizations — including Bitcoin (BTC) mining companies — are eyeing a US return, primarily driven by uncertain geopolitical tensions. Still, BTC miner Hive Digital Technologies is doubling down on the untapped potential of the Latin American (LATAM) market. In an exclusive interview with Cointelegraph, Hive Digital Technologies’ president and CEO, Aydin Kilic, said that Paraguay presents a compelling long-term opportunity equipped with “geopolitical stability, low-cost hydro energy, and a government open to foreign investment”. Hive acquired Bitfarms’ 200 megawatt (MW) Yguazú facility for $56 million in January. Phase one infrastructure of a 100 MW data center at the site was completed in April, supporting five exahashes per second (EH/s) of application-specific integrated circuit (ASIC) mining. Read more

Inter Milan Fan Token’s rally shows a direct link between wins, volume and prices, as all eyes now turn to today’s Arsenal vs Paris Saint-Germain match. Key takeaways: Inter Milan Fan Token jumped 10.5% after beating Barcelona, showing a direct price correlation with match outcomes. PSG and AFC fan tokens signal breakout patterns ahead of the Champions League semifinal. Read more

USDT will be integrated into Japanese messaging app LINE’s Mini Dapp platform and self-custodial wallet. The post Tether’s USDT Launches on Kaia Blockchain, Expands Stablecoin Adoption in Asia appeared first on Cryptonews.

IBIT's outperformance indicates institutions' confidence in bitcoin's long-term prospects despite the cryptocurrency's relatively dour price performance.

Banks are struggling to meet growing institutional demand for Bitcoin due to restrictive capital requirements that make holding the cryptocurrency on balance sheets economically unviable. The post Banks Stifled by ‘Punitive’ Capital Rules Amid Rising Bitcoin Demand appeared first on Cryptonews.

Ethereum developers have activated the network's Pectra upgrade, bringing smart accounts, higher staking limits and improved scalability through key EIPs. Ethereum — the network that unleashed smart contracts on the world — moves on to the next chapter with today’s Pectra upgrade, but what does it mean? Pectra went live on the Ethereum mainnet at the start of epoch 364032, May 7, 2025, at about 10:00 am UTC. The three main Ethereum improvement proposals (EIPs) included are EIP-7702, EIP-7251 and EIP-7691. EIP-7702 allows externally owned accounts to act as smart contracts and cover gas expenses (transaction fees) and payments in tokens that are not Ether (ETH). EIP-7251 increases the validator staking limit from 32 ETH to 2,048 ETH, which makes operations for large stakers easier and simpler. Read more

Bitcoin tests $97,000 as New Hampshire adopts crypto reserves, signaling state-level digital asset growth. The post Bitcoin Price Prediction: Can New Hampshire Crypto Law Power a 2025 Rally? appeared first on Cryptonews.