Cointelegraph.com
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Cointelegraph.com - 13:30 May 12, 2025
The constructive tone of tariff negotiations removes the risks of “sudden re-escalation,” potentially paving the way for risk assets to surpass their January peaks, analysts said. A 90-day tariff agreement between the US and China may set the stage for a broader recovery of stock and cryptocurrency markets, as investors look ahead to a potential tax relief package. The White House announced on May 12 that the two countries will reduce their respective tariffs to 10% for an initial 90-day period beginning May 14 — a 24% cut from current levels. Speaking at a news conference in Geneva, US Treasury Secretary Scott Bessent said both governments are aligned on avoiding further economic decoupling. Read more -
Cointelegraph.com - 12:49 May 12, 2025
With its latest purchase, Strategy has achieved a Bitcoin yield of 15.5%, breaking its previous 2025 target, which was lifted to 25% in early May. Update (May 12, 1:25 pm UTC): This article has been updated to reflect that Strategy lifted its 2025 Bitcoin yield target from 15% to 25% in early May. Michael Saylor’s Strategy purchased a fresh batch of Bitcoin as the cryptocurrency pushed above $100,000 last week. Strategy acquired 13,390 Bitcoin (BTC) for $1.34 billion between May 5 and May 11, the firm announced in its filing with the US Securities and Exchange Commission published on May 12. Read more -
Cointelegraph.com - 12:38 May 12, 2025
David Bailey’s newly founded Nakamoto Holdings has merged with healthcare provider KindlyMD to create a global Bitcoin-native treasury network. Healthcare services provider KindlyMD has merged with Bitcoin-native holding company Nakamoto Holdings to build a BTC treasury. According to a May 12 announcement, Nakamoto Holdings — a new company founded by David Bailey, a crypto adviser to US President Donald Trump — plans to build the first global network of Bitcoin (BTC) treasury companies in partnership with BTC Inc. Bailey said: Long-term, the firm’s plan includes developing an ecosystem of Bitcoin-native companies, including media, advisory and financial services, all aiming to accelerate Bitcoin adoption and utility. The company resulting from the new merger aims to accumulate Bitcoin and grow the BTC held per share. Read more -
Cointelegraph.com - 12:27 May 12, 2025
DeGods creator Frank DeGods resigns as CEO after three years, as the NFT collection sees a 101% sales spike on Solana. The creator of the non-fungible token (NFT) collection DeGods announced that he has stepped down as the CEO of the project amid an uptick in sales. Rohun Vora, known online as “Frank DeGods” on X, said he has stepped down as the project’s CEO, concluding a three-year stint as the head of one of the most popular Solana-based NFT collections. He identified pseudonymous figures 0x_chill and Pastagotsauce as the new leaders of DeGods. “There are no investigations, because I have never done anything illegal. That’s the boring truth,” Vora wrote, addressing speculation about his departure. Read more -
Cointelegraph.com - 12:10 May 12, 2025
Backpack allows former FTX EU users to reclaim euro balances after KYC verification, following its acquisition of the bankrupt crypto platform's EU arm. Crypto exchange Backpack announced that customers of the defunct crypto exchange FTX EU can begin reclaiming their funds through its service. According to a May 12 X post, Backpack now allows FTX EU users who selected it as the redistribution platform to claim their euro balance. Users must first complete Know Your Customer (KYC) verification. Backpack’s support page also said that the KYC details on the platform must match the ones provided to FTX EU: Read more -
Cointelegraph.com - 11:49 May 12, 2025
Speculative activity remains closely tied to global funding rates, highlighting crypto’s growing “interconnectedness” with traditional finance, a BIS report claimed. Hundreds of billions of dollars in cross-border cryptocurrency payments flow globally, driven primarily by speculative investment, according to a recent report by the Bank for International Settlements (BIS). The BIS study, published May 8, found cross-border payments using the two largest cryptocurrencies, Bitcoin (BTC) and Ether (ETH), and the two largest stablecoins, USDt (USDT) and USDC (USDC), totaled about $600 billion during the second quarter of 2024, the final observation period covered by the analysis. “Our findings highlight speculative motives and global funding conditions as key drivers of native crypto asset flows,” the BIS said. Read more -
Cointelegraph.com - 11:18 May 12, 2025
Vitalik Buterin backs RISC-V, an open-source chip architecture, to future-proof smart contracts with greater decentralization, lower costs and long-term hardware independence. RISC-V, pronounced “risk five,” is a modern open-source instruction set architecture (ISA) based on reduced instruction set computer (RISC) principles. In simple terms, it’s like a blueprint that defines a set of instructions that a processor can execute. RISC-V is designed to be highly modular, efficient and flexible. Originally developed by the University of California in 2010, the open-source framework gives developers the flexibility to tailor its functionality and use cases, plus offers cost savings compared to proprietary ISAs like ARM or x86. This offers a wide range of uses, from supercomputers to smartphones and now blockchains like Ethereum. Read more -
Cointelegraph.com - 10:48 May 12, 2025
Continued inflows have brought the total assets in global crypto funds to $169 billion, just 2.5% below the historic record of $173.3 billion seen in the last week of January. Cryptocurrency investment products continued receiving healthy inflows last week, attracting $882 million as global crypto funds approached all-time high asset levels. Global crypto exchange-traded products (ETPs) recorded $6.3 billion of inflows in the past four weeks, accounting for 93% of total inflows year-to-date (YTD), according to data from European crypto investment firm CoinShares. Total YTD inflows now stand at $6.7 billion, closing in on the record $7.3 billion posted in early February, according to CoinShares’ head of research James Butterfill. Read more -
Cointelegraph.com - 00:29 May 12, 2025
An unknown attacker hacked into a moderator’s account and used a bot to share phishing links and steal user funds. Hardware wallet provider Ledger has confirmed its Discord server is secure again after an attacker compromised a moderator’s account to post scam links on May 11 to trick users into revealing their seed phrases on a third-party website. “One of our contracted moderators had their account compromised, which allowed a malicious bot to post scam links in one channel,” Ledger team member Quintin Boatwright wrote on the Ledger Discord server. Some members in Ledger’s Discord channel claimed the attacker abused moderator privileges to ban and mute them as they tried to report the breach, possibly slowing Ledger’s reaction. Read more -
Cointelegraph.com - 21:19 May 11, 2025
Although the White House claimed progress was made, no official details on a deal were announced, casting doubts on the purported agreement. The White House announced that talks between the United States and China regarding a trade deal have made "substantial progress," yet no official deal has been announced at this time, leaving investors in doubt. According to a May 11 announcement from the White House, more details on the trade talks and the proposed "agreement" will be revealed on May 12. “I am happy to report that we made substantial progress between the United States and China in the very important trade talks," Treasury Secretary Scott Bessent said in a joint statement with US trade representative Jamieson Greer. Read more -
Cointelegraph.com - 19:39 May 11, 2025
News of the deal follows restructuring plans from OpenAI to focus on a public benefit corporation controlled by a non-profit organization. Tech company Microsoft and artificial intelligence firm OpenAI are reportedly in talks to renegotiate the investment deal between the AI firm and Microsoft, which is OpenAI's biggest financial backer. According to a report from the Financial Times, Microsoft may give up a portion of its equity in OpenAI for continued access to the AI company's products and models beyond 2030, when some of the original terms of a deal signed between the two companies expire. Microsoft has invested over $13 billion into OpenAI since 2019, when it first acquired an interest in the artificial intelligence firm. Read more -
Cointelegraph.com - 19:25 May 11, 2025
Ethereum chart pattern supports 'moon shot' rally to new price highs if confirmed — Trader
Veteran trader Peter Brandt said Ethereum price could "moonshot" to new highs if it can break out of a congestion pattern. Key Takeaways: Veteran trader Peter Brandt suggests a potential Ethereum rally to $3,800–$4,800 if ETH breaks above a rising wedge pattern. A short-term pullback may occur as the taker buy-sell ratio drops below one, signaling caution from futures traders. Read more -
Cointelegraph.com - 18:35 May 11, 2025
Bitcoin rallied within 5% of its previous all-time high, and bulls expect the level to be conquered this week. Key points: Bitcoin holds on to its recent gains, increasing the possibility of a retest of the all-time high at $109,588. BlackRock’s spot Bitcoin ETF records 19 days of successive inflows, showing solid demand. Read more -
Cointelegraph.com - 17:06 May 11, 2025
The vote will close in several days, and an investigation into the cybersecurity compromise is ongoing, according to Lido DAO members. The Lido Decentralized Autonomous Organization (DAO), the entity that governs the Lido liquid staking protocol, has initiated an emergency vote to rotate a compromised oracle — a bridge that connects real-world data to blockchain systems. According to members of the Lido DAO, an address belonging to the Chorus One oracle was compromised, and the Ether (ETH) balance associated with that oracle was drained in an incident still being investigated. Lido Finance emphasized that the issue is restricted to the Chorus One oracle and is not system-wide. The team also said the problem was not due to a coding problem in any particular blockchain oracle or software. Read more -
Cointelegraph.com - 16:02 May 11, 2025
Ethereum’s bullish fractals, emerging altseason signals, and strength over SOL, XRP fuel $10,000 ETH price target speculation. Key takeaways: Ether has rebounded from key parabolic and triangle support levels, reviving the case for a $10,000 breakout. Historical fractals and RSI recovery mirror past pre-rally setups seen in 2016 and 2020. Read more -
Cointelegraph.com - 15:00 May 11, 2025
Without programmable infrastructure, DeFi risks becoming the next frontier for unchecked automation and financial exploitation. DeFi faces vulnerabilities that could hinder its evolution. Opinion by: Sean Li, co-founder of Magic Labs Crypto markets run 24/7. Human traders don’t. As AI agents begin to manage liquidity, optimize yield, and execute trades at all hours, they’re quickly becoming essential infrastructure for decentralized finance’s (DeFi) future. While AI agents are evolving from niche tools for quant traders into mainstream financial operators, they’re rapidly outpacing the wallets meant to secure them. Advancements in account abstraction and smart contract wallets have emerged, but most DeFi platforms still predominately rely on externally owned account wallets that require manual approvals at every step. Early-stage programmable solutions exist but remain fragmented, costly on layer-1 networks and adopted by only a tiny fraction of users. Read more -
Cointelegraph.com - 13:31 May 11, 2025
Bitcoin bulls are on the cusp of launching the market back to all-time highs and beyond, new BTC price analysis confirms ahead of a crucial weekly close. Key points: Bitcoin analysis identifies the all-important price point to hold into the weekly close as all-time highs loom. Liquidity is tightly clustered around current spot price, with $106,000 the likely next battleground. Read more -
Cointelegraph.com - 13:10 May 11, 2025
Ethereum’s Pectra upgrade introduces offchain wallet delegation via EIP-7702, allowing attackers to drain funds using just a signed message. Ethereum’s latest network upgrade, Pectra, introduced powerful new features aimed at improving scalability and smart account functionality — but it also opened a dangerous new attack vector that could allow hackers to drain funds from user wallets using only an offchain signature. Under the Pectra upgrade, which went live on May 7 at epoch 364032, attackers can exploit a new transaction type to take control of externally owned accounts (EOAs) without requiring the user to sign an onchain transaction. Arda Usman, a Solidity smart contract auditor, confirmed to Cointelegraph that “it becomes possible for an attacker to drain an EOA’s funds using only an offchain signed message (no direct onchain transaction signed by the user).” Read more -
Cointelegraph.com - 13:00 May 11, 2025
A number of high-profile crypto firms have announced relocations or expansions in the United States this year. Crypto services platform Nexo shared its plans to reenter the United States market on Monday, marking the eighth major crypto firm to announce such plans since US President Donald Trump took office at the start of the year. Firms like Circle, Binance and OKX are banking on favorable regulatory clarity in 2025 to herald their US expansion. Bills like the STABLE Act and the GENIUS Act are advancing in Congress, which, if implemented, will lay the groundwork for swift success. Trump and his family are actively involved in some of these planned expansions. Nexo’s recent announcement was backed by Donald Trump Jr., who said, “We see the opportunity for the financial sector and want to ensure we bring that back to the US.” Read more -
Cointelegraph.com - 10:43 May 11, 2025
Worldcoin’s Orb Mini device was met with mockery across Crypto Twitter, as critics questioned its ethics and usefulness. Worldcoin’s latest hardware, the Orb Mini, aimed at enabling portable human verification, has been met with ridicule across Crypto Twitter. Launched with the slogan “It goes where you go,” the device has instead triggered dystopian comparisons and widespread mockery for its unsettling implications and unclear use case. “The thing about humans is they can tell when a human is in front of them,” Alicia Katz from decentralized finance (DeFi) lending platform Euler Finance wrote on X. Read more
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