Crypto

US spot Bitcoin ETFs have recorded a surge in demand, pulling in $2.75 billion in inflows this week as Bitcoin broke past its January all-time high of $109,000 and touched a new peak of $111,970. The post Spot Bitcoin ETFs See $2.75B Weekly Inflows as BTC Hits New Highs appeared first on Cryptonews.

Steak 'n Shake now accepts Bitcoin payments, but buying burgers (or anything else) with BTC comes with risks, tax experts told Decrypt.

“This normalizes crypto exposure in conservative portfolios that might otherwise avoid digital assets,” said Bitpace’s Meryem Habibi. This past week, Coinbase joined the S&P 500, one of the world’s most elite stock indexes — a triumph for the crypto firm, which spent much of the 2020s battling US government agencies like the SEC and Commodity Futures Trading Commission for its survival.  But this attainment is not about one company alone.  “This is more than an achievement for Coinbase; it’s a landmark for the broader crypto and blockchain industry,” said Meryem Habibi, chief revenue officer of Bitpace. Coinbase joining the S&P 500 doesn’t just boost the owner of the largest US cryptocurrency exchange. “It cements the legitimacy of an entire asset class,” she told Cointelegraph.  Read more

Bitcoin surges to $108,470 amid Texas crypto bill, regulatory crackdowns, and Semler’s $50M BTC buy. Will BTC target $120K next? The post Bitcoin Price Prediction: BTC Surged to $108,470 — Will It Shatter Resistance and Aim for $120K Next? appeared first on Cryptonews.

Crypto trader James Wynn has pushed his Hyperliquid Bitcoin long to $1.25 billion using 40x leverage, but suffered a $29M hit following Trump’s tariff shock. Well-known Hyperliquid trader James Wynn has increased his 40x leverage long Bitcoin bet to $1.25 billion after closing his $PEPE position for a $25.2 million profit. On May 24, Lookonchain reported that Wynn entered an 11,588 BTC position with an average entry price of $108,243 and a liquidation level of $105,180. The move came hours after Wynn exited his Ether (ETH) and Sui (SUI) longs at a $5.3 million loss. At the time, he used the proceedings to double down on Bitcoin (BTC), increasing his position to 11,070 BTC. Read more

Changpeng Zhao accuses WSJ of pushing anti-crypto agenda with false claims about his role in WLF’s international dealings.

The following is a guest post and analysis from Shane Neagle, Editor In Chief fromThe Tokenist. With Bitcoin dominance climbing to a 4-year high of 63%, it is clear that the altcoin market is not doing so well. Many a memecoin has sullied the crypto experience, alongside constant generation of new tokens that dilute the […] The post How to best leverage LSDFi? appeared first on CryptoSlate.

Mihailo Bjelic, one of the driving forces behind Ethereum scaling solution Polygon, has officially stepped down from his role at the Polygon Foundation. The post Polygon Co-Founder Mihailo Bjelic Steps Down, Plans to Stay in Crypto Space appeared first on Cryptonews.

President Donald Trump’s use of the presidential seal at a $TRUMP memecoin investor dinner may violate federal law. President Donald Trump is facing scrutiny after speaking at a private event for top investors in his $TRUMP memecoin while standing behind a lectern emblazoned with the official presidential seal — a move that may violate federal law. The event took place Thursday at Trump National Golf Club in Virginia, where Trump addressed 220 investors in his cryptocurrency project. According to US law, the presidential seal cannot be used in any manner that could imply government approval or sponsorship. Violators can face fines or up to six months in prison. Read more

Bitcoin’s breakout to a new all-time high is just the beginning, according to Shunyet Jan, Head of Derivatives at Bybit. The post Bitcoin Could Hit $125K by End of Q2, Says Bybit’s Head of Derivatives appeared first on Cryptonews.

Can XRP hit $100? Here's what ChatGPT thinks about it.

A Bitcoin executive claims the exodus from fiat assets has "already begun," and Bitcoiners still underestimate how much Bitcoin treasury companies will ultimately hold. Moon Inc. head of Bitcoin strategy Jesse Myers says that Bitcoin holders are underestimating the significant amount of Bitcoin that corporations will accumulate by 2045. “Bitcoin Treasury Companies will hold 50% of all BTC, way more than most Bitcoiners are prepared for,” Jesse Myers said in a May 23 X thread. Myers further forecasted that Michael Saylor’s Strategy will own $70 trillion worth of Bitcoin (BTC) by 2045, “making it by far the most valuable company in the history of the world.” At the time of publication, Strategy holds 576,320 Bitcoin, worth approximately $62.24 billion, according to Saylor Tracker. Read more

Polygon, initially known as Matic, was founded by Jaynti Kanani, Sandeep Nailwal, Mihailo Bjelic, and Anurag Arjun.

U.S. President Donald Trump threatened a 50% tariff on all European Union imports and a 25% levy on imported Apple iPhones late Friday, sending markets tumbling.

A US judge vacated Mango Markets exploiter’s fraud convictions, ruling the DeFi protocol’s permissionless design left no room for misrepresentation. A US federal judge has vacated key fraud and manipulation convictions against Avraham Eisenberg, the trader at the center of the case involving a $110 million exploit of the decentralized exchange Mango Markets. On Friday, US District Judge Arun Subramanian ruled that the evidence presented at trial failed to support the jury’s conclusion that Eisenberg made materially false representations to Mango Markets. The decision vacates Eisenberg’s convictions for commodities fraud and market manipulation and acquits him of a third charge, significantly weakening the government’s case. Read more

Market capitalization slumped 5% as traders took profits on the week-long rally ahead of the weekend.

ENA and WIF are among the poorest performers today.

US-based spot Bitcoin ETFs recorded a straight week of daily inflows for the first time in four weeks. US-based spot Bitcoin exchange-traded-funds (ETFs) have recorded a total of $2.75 billion in inflows this week amid Bitcoin surpassing its January all-time high of $109,000. The $2.75 billion in inflows is approximately 4.5 times larger than the previous week’s $608 million, according to Farside data. On May 23, the final day of the trading week, spot Bitcoin (BTC) ETFs recorded $211.7 million in inflows. However, BlackRock’s IBIT was the only fund to post gains in the trading day, adding $430.8 million and extending its inflow streak to eight consecutive days. Read more

Fellow Polygon co-founder Sandeep Nailwal said that Bjelic has always been “a force behind so much of what makes Polygon what it is today.” Mihailo Bjelic, co-founder of Ethereum layer-2 scaling solution Polygon, has stepped down from his role at Polygon but suggests he will stay active in the crypto industry in some capacity. His resignation drew reactions across Polygon and the wider crypto community, with several seeing it as a loss for Polygon, which has been tied to several major developments in recent months. “After much thought and reflection, I’ve decided to step down from the board of the Polygon Foundation and wind down my day-to-day involvement with Polygon Labs,” Bjelic said in a May 23 X post. Read more

Tariff threats from US President Donald Trump disrupted BTC’s bullish momentum, putting bulls’ chance of securing $110,000 before a $13.8-billion options expiry at risk. Key takeaways: Bitcoin bulls aim to push BTC above $110,000 by May 30 to capitalize on $4.8 billion in call options. Spot BTC ETF inflows and weak put positioning give bulls a strong edge in the monthly expiry. Read more