Cointelegraph.com
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Cointelegraph.com - 09:26 May 11, 2025
A critical exploit has drained $2.15 million in MBU tokens from Mobius smart contracts on BNB Chain. Hackers drained over $2.15 million from Mobius Token ($MBU) smart contracts on the BNB Chain in a targeted exploit detected early May 11, according to security firm Cyvers Alerts. The attacker deployed the contract from address 0xb32a53... at 07:31:38 UTC and initiated the exploit at 07:33:56 UTC, draining funds from the victim wallet 0xb5252f... Cyvers confirmed to Cointelegraph that the attacker used contract 0x631adf... to execute a series of malicious transactions. The smart contract drained 28.5 million MBU tokens and converted them into stablecoins, resulting in a net loss of $2,152,219.99 for the victim. Read more -
Cointelegraph.com - 07:34 May 11, 2025
Analysts predict a major altcoin breakout as charts flash bullish signals, though some warn this cycle lacks retail conviction and lasting momentum. Altcoin markets are flashing early signs of a breakout, with several analysts calling for a potential surge over the next few months. Crypto commentator Mister Crypto predicts the next 3 to 6 months could be “life-changing,” suggesting daily gains of up to 40% may soon become the norm. In a May 11 post on X, he pointed to a chart from BlockchainCenter.net that shows whether the crypto market favors Bitcoin (BTC) or altcoins. Read more -
Cointelegraph.com - 03:43 May 11, 2025
Coinbase reportedly considered adopting a Michael Saylor–style Bitcoin investment strategy on multiple occasions since it launched in 2012, but opted out each time. Coinbase reportedly considered adopting a Bitcoin investment playbook like Michael Saylor’s Strategy on multiple occasions, but decided against it each time out of fear that it would kill the firm’s crypto exchange, Bloomberg reported. “There were definitely moments over the last 12 years where we thought, man, should we put 80% of our balance sheet into crypto — into Bitcoin specifically,” Coinbase CEO Brian Armstrong told Bloomberg in a May 9 video call. Armstrong said the Bitcoin (BTC) strategy could have risked the company’s cash position and potentially killed the crypto exchange. “We made a conscious choice about risk,” he added. Read more -
Cointelegraph.com - 00:19 May 11, 2025
Former UFC champ Conor McGregor, now a presidential candidate in Ireland, has proposed creating a national Bitcoin reserve as part of his campaign. UFC fighter turned Irish political candidate Conor McGregor has endorsed the idea of building a Bitcoin reserve in his country to give more “power back to the people.” “Crypto in it's origin was founded to give power back to the people. An Irish Bitcoin strategic reserve will give power to the people’s money,” McGregor wrote to X on May 9. The former UFC champion said he would discuss his plans in more detail in an upcoming X spaces, prompting responses from some of the Bitcoin industry’s most prominent leaders. Read more -
Cointelegraph.com - 21:51 May 10, 2025
The country continues to acquire more Bitcoin for its strategic reserve and has embraced technical innovation to fuel economic growth. The government of El Salvador continues stacking Bitcoin (BTC) for its national crypto reserve, despite an ongoing deal with the International Monetary Fund (IMF) stipulating that the Central American country stop using public funds to purchase Bitcoin as one of the conditions for a loan agreement. According to data from the El Salvador Bitcoin Office, the country acquired an additional seven BTC in the last seven days, bringing its total holdings to 6,173 BTC, valued at over $637 million. El Salvador's Bitcoin Office has continued its steady pace of Bitcoin acquisitions months after the IMF agreement was signed and shows no sign of halting its Bitcoin purchases. Read more -
Cointelegraph.com - 20:54 May 10, 2025
A crypto analyst says Bitcoin is on its way to $160,000 or a “crazy number,” Alex Mashinsky gets 12 years jail, and more: Hodler’s Digest The US federal court for the Southern District of New York has sentenced former Celsius CEO Alex Mashinsky to 12 years in prison for fraud. Mashinskys legal team sought a light sentence. They highlighted his spotless record before the Celsius incident, along with his military service and willingness to plead guilty. But US prosecutors were less inclined to leniency, suggesting on April 28 that the judge deliver a 20-year sentence for his actions. Betting markets predicted a light sentence ahead of the May 8 hearing. Polymarket showed only 11% odds for a 20-year sentence or higher. Read more -
Cointelegraph.com - 20:32 May 10, 2025
The BSV network has faced numerous delistings, 51% attacks, and a long-term price decline as the altcoin struggles to gain traction. Investors of Bitcoin Satoshi's Vision (BSV) — a hard fork of Bitcoin Cash (BCH), which itself is a hard fork of the Bitcoin (BTC) protocol, are attempting to revive a 2019 lawsuit against crypto exchange Binance for delisting the altcoin, which the litigants claim stunted the price of BSV. According to Law360, attorneys for the plaintiffs argued that a July 2024 decision from the UK Competition Appeal Tribunal dismissing the "loss of chance" claim made against Binance for delisting the token, should be reconsidered. The litigants demanded $9 billion in damages, in the original case. The investors continue to claim that Binance's 2019 delisting of BSV and similar major exchange delistings are the primary drivers of BSV's long-term price decline and its failure to attract the investor attention enjoyed by Bitcoin. Read more -
Cointelegraph.com - 18:01 May 10, 2025
Institutional buying is changing Bitcoin market dynamics as large, organized entities gobble up newly mined Bitcoin supply. Strategy, a Bitcoin (BTC) treasury company, is accumulating Bitcoin at a faster rate than total miner output, giving the supply-capped asset a -2.33% annual deflation rate, according to CryptoQuant CEO and market analyst Ki Young Ju. "Their 555,000 BTC is illiquid with no plans to sell," the analyst wrote in a May 10 X post. "Strategy's holdings alone mean a -2.23% annual deflation rate — likely higher with other stable institutional holders," Ju continued. Michael Saylor, the co-founder of Strategy, is an outspoken Bitcoin advocate who evangelizes the scarce digital currency to potential investors and has inspired many other companies to adopt a Bitcoin treasury plan. Read more -
Cointelegraph.com - 14:00 May 10, 2025
Gold has long been a safe haven in turbulent times, but decentralized finance (DeFi) can unlock its untapped potential. Opinion by: Kevin Rusher, founder of RAAC It’s a volatile world out there. This year, we’ve seen stocks take a wild ride as gold has pumped and crypto has been caught somewhere in the middle. Investors have dumped risk assets and scrambled for safe havens. Gold is leading the charge. While gold is safe, it is not very hard-working. Unlike cash and treasuries, the yellow metal does not generate income. Now, more than ever, investors need to be able to earn yield on gold — particularly in the decentralized finance (DeFi) sector. Read more -
Cointelegraph.com - 13:52 May 10, 2025
Growing risk appetite following US tariff deals and Pectra upgrade has improved the Ethereum market's upside outlook. Key takeaways: Ether is set for its best weekly gain since May 2021. Ethereum’s Pectra upgrade, mega-whale accumulation, and a major short squeeze fuel the rally. Read more -
Cointelegraph.com - 13:00 May 10, 2025
Many people thought 4chan was gone for good, but the controversial imageboard is back, as is its crypto-heavy /Biz/ board. After 4chan was hacked on April 14 and vast troves of user and moderator data were leaked online, the controversial website quickly went down, and many believed it would never recover. However, less than two weeks later, the imageboard was back online, defiant as ever. “4chan is back,” an official blog post proclaimed. “No other website can replace it, or this community. No matter how hard it is, we are not giving up.” The imageboard has left its mark on the world in many consequential ways, birthing countless memes and conspiracy theories, serving as a platform for political movements ranging from the alt-right to Anonymous, and acting as a dumping ground for leaks and hacks of all sorts. Read more -
Cointelegraph.com - 11:52 May 10, 2025
The UK has unveiled draft crypto rules that align digital assets with securities law, aiming to position the country as a “safe harbor.” On April 29, UK Finance Minister Rachel Reeves unveiled plans for a “comprehensive regulatory regime” aimed at making the country a global leader in digital assets. Under the proposed rules, crypto exchanges, dealers, and agents will be regulated similarly to traditional financial firms, with requirements for transparency, consumer protection, and operational resilience, the UK Treasury said in a statement released following Reeves’ remarks. Per the statement, the Financial Services and Markets Act 2000 (Cryptoassets) Order 2025 introduces six new regulated activities, including crypto trading, custody, and staking. Read more -
Cointelegraph.com - 09:12 May 10, 2025
RedotPay’s crypto cards are now live in South Korea, challenging the country’s traditional payment networks with real-time stablecoin transactions. Hong Kong-based fintech firm RedotPay has reportedly launched its cryptocurrency-enabled payment cards in South Korea, positioning itself as a potential disruptor in a market dominated by traditional credit card firms and mobile payment services. The company’s crypto debit cards — both physical and virtual — are now accepted at all Korean merchants that support Visa, according to a May 9 report by The Korea Economic Daily. The move marks RedotPay’s latest step in global expansion, following its earlier partnership with Visa and BIN sponsor StraitsX in February 2025 to enhance cross-border crypto payment capabilities. Read more -
Cointelegraph.com - 08:19 May 10, 2025
Robert Kiyosaki calls on Americans to reject fiat currency and embrace Bitcoin, gold, and silver, warning that central banks are eroding wealth. Robert Kiyosaki, businessman and best-selling author of Rich Dad Poor Dad, is once again sounding the alarm on the dangers of centralized monetary policy, urging his followers to abandon what he calls “fake money” and adopt alternatives like Bitcoin, gold, and silver. In a May 10 post on X, Kiyosaki backed a hardline stance against central banking systems, particularly the Federal Reserve, while quoting former US Congressman Ron Paul. Ron Paul, a longtime critic of the Fed and author of End the Fed, described interest rate setting by central banks as “price fixing,” equating it to socialist and Marxist economic control. Read more -
Cointelegraph.com - 06:58 May 10, 2025
BlackRock’s Bitcoin ETF has now posted 19 days of consecutive inflows, the longest inflow streak for the world's asset manager this year. BlackRock’s spot Bitcoin ETF (IBIT) capped off the trading week with another day of inflows, pulling in $356.2 million on May 9. The fund has now extended its inflow streak to 19 consecutive days — its longest run of inflows so far this year. IBIT’s inflow streak has been ongoing since April 14, and has coincided with a volatile Bitcoin (BTC) market, with the asset trading between $83,152 and $103,000 over the period. However, market sentiment has been increasing after the asset reclaimed and held above the $90,000 price on April 23 before reclaiming the $100,000 price on May 8 for the first time since Feb. 1. Read more -
Cointelegraph.com - 04:52 May 10, 2025
Anthony Scaramucci says a “million dollar Bitcoin” will come down to a SWF saying, “Ok, this is part of the infrastructure of the world’s financial services.” Sovereign Wealth Funds are already gaining exposure to Bitcoin, but significant allocations won’t happen until the United States establishes clearer regulations for the digital assets industry, says SkyBridge founder Anthony Scaramucci. “I think they are buying it, I think they are buying it on the margin,” Scaramucci, former White House director of communications during US President Donald Trump’s first term, said on Anthony Pompliano’s podcast on May 8. “I don’t think it is going to be a gigantic groundswell of buying until we greenlight legislation in the United States,” he added. Scaramucci previously said in a February interview with the Financial Times that he expects the US government to propose crypto legislation in November. Read more -
Cointelegraph.com - 02:18 May 10, 2025
Michael Saylor says those “less committed” to Bitcoin took the opportunity to exit the market after Bitcoin’s price surged. Strategy founder Michael Saylor says Bitcoin hasn’t reached $150,000 yet because holders without a long-term outlook have been selling off while a new cohort of investors are beginning to enter the market. “I think we’re going through a rotation right now,” Saylor said on the Coin Stories podcast with Natalie Brunell on May 9. Saylor said, “Lots of non-economically interested parties are rotating out of the asset.” However, at the same time, “a new cohort of investors are entering.” Read more -
Cointelegraph.com - 01:40 May 10, 2025
Ethereum price catches a bid as regulatory and investor sentiment shift in ETH’s favor. Key takeaways: ETH price rallied by 22% on May 8, but demand for spot ETH ETFs and derivatives remains muted. President Trump’s reversal on certain altcoins aligns with ETH’s renewed outlook. Read more -
Cointelegraph.com - 22:15 May 09, 2025
Following an anticipated airdrop, the DOOD token’s market capitalization declined by roughly 40% on May 9, according to DEX Screener. The newly launched DOOD token from Ethereum-based NFT project Doodles has seen a steep drop in market capitalization following its May 9 airdrop on the Solana network. According to data from DEX Screener, DOOD’s market cap fell from over $100 million shortly after launch to around $60 million at the time of writing. Overall, the much-anticipated airdrop was “[d]efinitely underwhelming,” a crypto commentator said in a May 9 X post. Read more -
Cointelegraph.com - 22:00 May 09, 2025
SOL price rallied as large liquidity inflows and a boost in Solana’s DeFi activity surged. Key Takeaways: Solana's 15% surge and potential close above the 50-week EMA signal strong bullish momentum, which previously led to a 515% rally in 2024. The $120 million in liquidity bridged to Solana reflects growing network confidence. Read more
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