Crypto

Governor Greg Abbott posted to his official X account on May 22, roughly a day after the legislature passed a bill to create a strategic Bitcoin reserve in Texas. Texas Governor Greg Abbott has signaled support for a bill recently passed by the state House of Representatives that would establish a strategic cryptocurrency reserve. In a May 22 X post, Abbott posted a Techstory article about Texas state lawmakers’ efforts to create a Bitcoin (BTC) reserve. The story pointed out that the decision for the passage of SB 21, the bill in question, now rests on Abbott’s shoulders, roughly three months after it was introduced.  Since taking office, Abbott referred to himself as a “crypto law proposal supporter” in 2021 and suggested that he would support policies to establish Texas as a “crypto capital” in 2024. Texas was one of a handful of state-level governments that proposed setting up a strategic crypto reserve after the 2024 federal elections.    Read more

Pi price prediction: Pi has declined 10% after breaking its uptrend, and analysts have warned that insider-linked transfers—1.4 m PI routed through Gate.io from a wallet tied to the core team—may add selling pressure. With a death-cross between short EMAs, the next support zone lies at $0.73-$0.70. The post Is Pi Network About to Miss the Bull Run? Insider Selling Raises Major Red Flags (Pi Network Price Prediction) appeared first on Cryptonews.

The Justice Department has seized over $24M in crypto from alleged Qakbot Malware Developer Rustam Gallyamov and charged him over a botnet that has delivered ransomware like REvil and Conti to thousands of computers since 2008; victims are set to be reimbursed. The post Qakbot Malware Developer’s $24M in Crypto Seized – Is a Bigger DOJ Crackdown Coming? appeared first on Cryptonews.

Hyperliquid's etters have provided detailed feedback to the CFTC’s consultations on perpetual swaps and continuous derivatives trading, urging regulators to recognise DeFi’s power to improve transparency, efficiency and user control, and citing the project’s decentralised model as practical evidence. The post Hyperliquid Submits Comment Letters to CFTC on 24/7 Perpetuals Trading appeared first on Cryptonews.

Despite Bitcoin (BTC) reaching a new all-time high at $111,965.80 on May 22, retail adoption and on-chain gauges indicate speculative leverage has not stretched market conditions. VanEck head of digital assets research Matt Sigel shared App-store data compiled by Bloomberg Intelligence, showing crypto-platform downloads fell 14% year-over-year in April. Binance and Crypto.com downloads dropped 29% […] The post Indicators show retail remains sidelined as Bitcoin trades at new highs appeared first on CryptoSlate.

Coinbase released worrying details about its data breach, Strategy caught a class action lawsuit, and three banks are considering a stablecoin.

Both Bitcoin and Ethereum exchange-traded funds this week brought in huge amounts of cash as investors rapidly buy up crypto assets.

Bitwise and UTXO Management project that 20% of all Bitcoin (BTC) could migrate to institutional balance sheets by end-2026, according to a new report published by Bitwise and UTXO Management on May 23. The study, called “Exploring the Game Theory of Hyperbitcoinization,” models five demand channels for Bitcoin. Nation-states top the list with a $161.7 […] The post Bitcoin balance sheet adoption could hit 20% of BTC supply by 2026 appeared first on CryptoSlate.

Lessons from hyperinflation lead more people to Bitcoin, according to Ledn co-founder Mauricio di Bartolomeo. When Venezuela was experiencing hyperinflation, Ledn co-founder Mauricio di Bartolomeo hedged against the collapsing local currency by shorting it in favor of the more stable US dollar. Today, he’s using a similar strategy — this time borrowing against his Bitcoin (BTC) to hedge against the crumbling US dollar. Di Bartolomeo connected with me during Canada Crypto Week in Toronto, where he talked about the advantages of Bitcoin-backed loans and the rapid growth of collateralized BTC lending. In our interview, he made a compelling case for continuing to stack sats, even as Bitcoin’s price keeps rising. This week’s Crypto Biz dives into our conversation with the Ledn co-founder and covers the latest business news from the blockchain world. Read more

More than 30 members of the US Congress signed onto a letter alleging that Donald Trump could have violated the Constitution by inviting his memecoin investors to a private dinner. Members of the US House of Representatives called for the Justice Department to investigate Donald Trump’s May 22 dinner for his top memecoin investors, citing concerns about “foreign influence over US policy decisions” and “potential corruption and emoluments clause violations.” In a May 22 letter to the Justice Department, 35 House members asked the public integrity section acting chief, Edward Sullivan, to launch an inquiry over the memecoin dinner to determine whether it violated the federal bribery statute or the foreign emoluments clause of the US Constitution.  Under the emoluments clause, a US president is barred from accepting any gift from a foreign state without the approval of Congress. Bloomberg reported that a majority of the attendees at the memecoin dinner were likely foreign nationals based on their connections to ...

Labeling it proof of creeping corruption, Sen. Elizabeth Warren blasted Donald Trump’s crypto-fueled Trump gala on Thursday, arguing the $TRUMP dinner lets anonymous whales purchase presidential access. Lawmakers are now weighing tighter stablecoin rules in response.Elizabeth Warren Criticizes Trump In a May 22 press conference, Warren chided the $TRUMP dinner as an extension of Trump, […] The post Warren Blasts Trump Gala’s 220-Investor Meme Coin Dinner for Ethical Breaches appeared first on Cryptonews.

A majority of the top Trump meme coin holders earned their spots at Thursday's crypto dinner and then sold or transferred their coins, data shows.

Etherealize co-founders Vivek Raman and Danny Ryan join Decrypt reporter André Beganski to offer a vision of Ethereum's future. Diving deep into tokenization, institutional adoption, and the network's evolving economics, they argue that Ethereum is poised to become the global settlement layer for Wall Street.

US President Trump reportedly seemed unfazed by the controversy.

Jupiter has climbed from April’s record low to $0.61, adding 100% and lifting its TVL above $2.6 bn. Strong inflows, 144 % overnight volume growth and a move into lending with Fluid have spurred hopes that the Solana DEX token can reclaim $1 and eventually rival Uniswap’s $3.9 bn valuation. The post Jupiter Price Doubles to $0.61, $2.6B TVL indicates Uniswap Challenge appeared first on Cryptonews.

Kraken has introduced perpetual futures contracts for Pi Network’s native token, PI, allowing traders to speculate on its price with up to 20x leverage, according to a May 23 announcement. The listing marks the token’s first appearance on a major derivatives platform. However, it failed to create positive momentum for the token’s price. Based on […] The post Pi Network token makes derivatives debut on Kraken with perpetual futures offering 20x leverage appeared first on CryptoSlate.

The Nasdaq-listed Semler Scientific now holds $466 million worth of Bitcoin, but is facing an investigation from a law firm.

Bitcoin price consolidation is expected after short-term traders realized $11.6 billion in profit, and Trump’s new tariff announcement spooks the market. Key takeaways: Short-term Bitcoin holders realized $11.6 billion in profit over the past 30 days, suggesting a potential pause or local top in the market. Technical indicators show cooling momentum as retail investor sentiment falls to a 90-day low and liquidity data points to price volatility. Read more

Changpeng Zhao has dismissed a Wall Street Journal report depicting him as a fixer for Trump-linked World Liberty Financial, insisting he merely attended meetings already set by others. The dispute has reignited debate over media bias, token sale ethics and regulators’ scrutiny of political tokens. The post Changpeng Zhao Debunks WSJ Report on His Alleged Involvement in Trump-Linked Crypto Firm appeared first on Cryptonews.

Cetus Protocol posted a $5 million reward on May 23 for information that identifies and leads to the arrest of the attacker who extracted $223 million from its decentralized exchange on the Sui network.  Announced on May 23, the offer is coordinated with cybersecurity firm Inca Digital and will be funded by the Sui Foundation […] The post Cetus posts $5M bounty for hacker’s ID amid centralization concerns on Sui freeze appeared first on CryptoSlate.