Cointelegraph.com
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Cointelegraph.com - 17:59 May 08, 2025
The US Securities and Exchange Commission is looking at potentially exempting companies that issue tokenized securities from certain registration requirements. Updated to correct that the SEC sent a Wells notice to Uniswap but did not bring charges. The US Securities and Exchange Commission (SEC) is considering rule changes to let companies more freely issue tokenized securities, SEC Commissioner Hester Peirce said in a speech published on May 8. The regulator is “considering a potential exemptive order” for firms using blockchain technology to “issue, trade, and settle securities” that would release them from certain registration requirements, Peirce said in the speech. Read more -
Cointelegraph.com - 17:00 May 08, 2025
Has Ethereum been too complacent about fees? It no longer has the “luxury of being a peace-time research project,” said one conference panelist. Layer 2s have been a great blockchain success story. They’ve reduced congestion on the Ethereum mainnet, driving down gas fees while preserving security. But maybe they’ve become too successful, drawing chain activity and fee income from the parent that spawned them? At least that’s what some are suggesting lately, most recently at Cornell Tech’s blockchain conference in late April. Indeed, some think Ethereum should be a little greedier, or at least fight harder for a bigger part of the revenue pie, particularly sequencing fees. Read more -
Cointelegraph.com - 16:55 May 08, 2025
Missouri will become the first US state to eliminate the levy if Governor Mike Kehoe signs the bill into law. Missouri House Bill 594, a bill that would eliminate capital gains tax in the US state, has passed a vote in the state House of Representatives and now heads to Missouri Governor Mike Kehoe's desk for signature. According to attorney Aaron Brogan, the bill stipulates a 100% income tax deduction for any capital gains income because the Missouri tax code does not explicitly distinguish between capital gains and income tax. Brogan told Cointelegraph that the specific mechanism to exempt capital gains taxes outlined in HB 594 is unique and compared it to a similar income tax deduction in the federal tax code. The attorney explained: Read more -
Cointelegraph.com - 15:22 May 08, 2025
Unlike the previous $100,000 hits, the new price spike came as Bitcoin market dominance surged above 60%, reflecting more bullish BTC sentiment. Bitcoin has reclaimed the $100,000 price level for the first time since January, reflecting renewed bullish sentiment among investors. Bitcoin (BTC) reclaimed the $100,000 mark on May 8 at 3:22 pm UTC, surging 4.2% from the intraday low of $95,967, according to data from CoinGecko. It marked the third time that BTC has broken through the six-figure level since first achieving it on Dec. 5, 2024. A second all-time high followed on Jan. 20 ahead of US President Donald Trump’s inauguration. Read more -
Cointelegraph.com - 15:17 May 08, 2025
Though Alex Mashinsky's sentencing was still pending, the US government said it did not oppose his voluntarily surrendering after his daughter's wedding. Former Celsius CEO Alex Mashinsky will probably be allowed to travel for his daughter’s wedding regardless of the outcome of his May 8 sentencing hearing. In a May 8 filing in the US District Court for the Southern District of New York, Judge John Koeltl approved an application for Mashinsky to travel from New York to Memphis, Tennessee, between May 26 and May 29 for his daughter’s wedding. The approval was available on the public docket as of May 8, but appeared to have been removed at the time of publication. Judge Koeltl will determine in a May 8 hearing whether Mashinsky serves prison time following a plea deal with prosecutors. Read more -
Cointelegraph.com - 15:00 May 08, 2025
Cryptocurrency's path to mass adoption hinges on user experience. Simplifying complex interactions and enhancing trust will unlock its full potential. Opinion by Jonathan Farnell, CEO of Freedx It’s 2025, and over 560 million people worldwide are already using cryptocurrency — roughly 17 times the population of Tokyo. That’s a vibrant community, yet for every user who’s embraced it, billions more stand on the sidelines, put off by the complicated interactions and clunky interfaces of protocols, platforms, decentralized apps (DApps), and mobile applications. Why? Blockchain technology offers game-changing potential — decentralized ownership, secure trades — but let’s face it: Most people still find it intimidating, risky, and confusing. User experience (UX) might just be the deciding factor in whether cryptocurrency achieves mass adoption or remains a niche segment. Take complexity. A 2024 Chainalysis report pointed out that 43% of would-be crypto users shy away from the technical tangle of private keys and ga... -
Cointelegraph.com - 14:30 May 08, 2025
LLMs that affirm delusions likened to “schizophrenia-seeking missiles,” Billionaire claims AI leaders prepping for chance AI kills 50% of us. In the last edition of AI Eye, we reported that ChatGPT had become noticeably more sycophantic recently, and people were having fun giving it terrible business ideas shoes with zippers, soggy cereal cafe which it would uniformly say was amazing. The dark side of this behavior, however, is that combining a sycophantic AI with mentally ill users can result in the LLM uncritically endorsing and magnifying psychotic delusions. On X, a user shared transcripts of the AI endorsing his claim to feel like a prophet. “That’s amazing, said ChatGPT. That feeling clear, powerful, certain that’s real. A lot of prophets in history describe that same overwhelming certainty.” Read more -
Cointelegraph.com - 13:51 May 08, 2025
Hut 8 increased its hashrate by 79% in Q1 2025 despite reporting a $134.3 million net loss, driven by major investments and the launch of its American Bitcoin subsidiary. Cryptocurrency mining firm Hut 8 increased its hashrate by 79% during the first quarter of the year. According to Hut8’s latest quarterly report released on May 8, the firm saw a net loss of $134.3 million despite revenue of $21.8 million. The firm’s CEO, Asher Genoot, explained that this was a result of large-scale investments. “As reflected in our results, the first quarter was a deliberate and necessary phase of investment,” Genoot said. “We believe the returns on this work will become increasingly visible in the quarters ahead.” Read more -
Cointelegraph.com - 13:30 May 08, 2025
Held explores how Bitcoin can move beyond the "digital gold" narrative, rebrand for the next wave of users and navigate new political and technological frontiers. Bitcoin (BTC) has long been branded as “digital gold,” a store of value for believers in scarcity, decentralization and self-sovereignty. As institutional interest grows, geopolitics shift, and new layers emerge on Bitcoin’s stack, is it time for the narrative to evolve? In this episode of The Clear Crypto Podcast, hosts Nathan Jeffay and Gareth Jenkinson speak with longtime Bitcoiner and entrepreneur Dan Held, who argues that Bitcoin’s next chapter may unlock broader functionality, from programmable use cases to more nuanced messaging that reaches far beyond crypto-native circles. With US President Donald Trump openly backing Bitcoin — and reportedly owning it himself — Held said he sees a regulatory and reputational change. Read more -
Cointelegraph.com - 13:19 May 08, 2025
Deribit is the world's leading Bitcoin and Ethereum options trading platform, with more than $1.2 trillion in annual trading volume. Coinbase, the largest cryptocurrency exchange in the US by trading volume, has agreed to acquire Deribit, one of the world’s biggest crypto derivatives trading platforms. Coinbase Global will acquire Deribit for about $2.9 billion, the exchange announced on May 8. The acquisition will allow Coinbase to expand into the profitable crypto derivatives market and continue scaling the platform’s global growth, Greg Tusar, Coinbase’s vice president of institutional product, said in the announcement. Read more -
Cointelegraph.com - 13:15 May 08, 2025
Browser-based crypto mining is making a quiet return in 2025, offering a low-barrier way to earn crypto, but its profitability and impact remain limited. Browser-based crypto mining sounds like a dream: Just open a webpage, let it run, and your computer starts earning crypto in the background. No bulky ASICs, no GPU farms, no long setup tutorials — just your browser doing the heavy lifting. The idea blew up in the late 2010s with tools like Coinhive, which let website owners mine Monero (XMR) using JavaScript. At first, it seemed like a clever alternative to ads; visitors donated a bit of unused CPU power, and websites earned crypto. But then came cryptojacking. Sites began running these scripts without user permission, draining resources and slowing down devices. In 2019, Coinhive shut down, citing shrinking returns and mounting scrutiny. Read more -
Cointelegraph.com - 13:00 May 08, 2025
Rootstock’s merged mining hit an all-time high in Q1 2025, even as DeFi TVL dropped 20% and user activity cooled across the Bitcoin DeFi ecosystem. Smart contract platform Rootstock, the home of decentralized finance (DeFi) on Bitcoin, saw a sharp increase in network security and mining engagement in the first quarter of 2025, even as activity cooled. Merged mining participation surged to an all-time high of 81%, up from 56.4% in Q4 2024, driven by the integration of major mining pools Foundry and SpiderPool, according to Messari’s first “State of Rootstock” report for 2025, shared with Cointelegraph. The heightened miner interest boosted Rootstock’s hash power to over 740 exahashes per second, surpassing the total Bitcoin network hashrate recorded in October 2024. As a result, the network is now considered to be in a “mature phase” of merged mining growth. Read more -
Cointelegraph.com - 12:49 May 08, 2025
The co-founder of Sweat said he prioritizes making multichain DeFi accessible to millions through simple actions like walking and using its wallet. Sweat, a move-to-earn platform that rewards users for physical activity, has launched a personalized AI agent and expanded its multichain infrastructure. The update is designed to improve user onboarding by offering interactive guidance and simplifying asset management across blockchains. The AI agent, named Mia (short for Movement in Action), is powered by Near.AI — an open-source AI model platform with crosschain capabilities. Integrated into the Sweat wallet, Mia helps users to bridge, swap and manage their crypto rewards without needing deep crypto knowledge.. Sweat is rolling out support for Base, Ethereum, Arbitrum and BNB Chain. Within the app, users can now bridge assets and swap native tokens across networks, with the option to pay gas fees in Sweat (SWEAT) tokens. Read more -
Cointelegraph.com - 12:18 May 08, 2025
Ether price breaks out due to strengthening network activity and an increasing TVL, as the technical setup points to a further upside. Key takeaways: Ether breaks multimonth downtrend as traders target $3,000 ETH price. Ethereum TVL surges 41% to $52.8 billion in 30 days, with a 22% rise in daily transactions to 1.34 million, signaling strong network recovery. Read more -
Cointelegraph.com - 12:00 May 08, 2025
Blockchain project Space and Time, backed by Microsoft, has launched its permissionless mainnet for ZK-proven data infrastructure. Space and Time, a blockchain project supported by Microsoft, has launched its public, permissionless mainnet to bring zero-knowledge (ZK)-proven data infrastructure to crypto applications. Built by MakeInfinite Labs, Space and Time offers a decentralized, verifiable database for smart contracts to query historical, crosschain and offchain data, according to a news release shared with Cointelegraph. The platform indexes data from major networks like Ethereum and makes it accessible through a decentralized network of validators. Developers can query this data using Space and Time’s Proof of SQL — a sub-second ZK coprocessor that delivers cryptographic proofs with every query. Read more -
Cointelegraph.com - 12:00 May 08, 2025
VanEck’s $NODE ETF tracks firms that have adopted blockchain tech, not crypto prices. It exposes you to companies driving blockchain adoption. VanEck’s Onchain Economy ETF ($NODE) exposes investors to companies driving blockchain adoption across multiple industries. The fund is scheduled to begin trading on May 14, 2025, following its inception on May 13, 2025. As the global economy shifts to a digital core, NODE offers active equity investment in real-world companies shaping that future. This ETF is actively managed, meaning a portfolio manager and not just an algorithm, selects the included stocks. Read more -
Cointelegraph.com - 10:59 May 08, 2025
Doodles NFT sales volume nearly doubles in 24 hours, climbing to over $1.1 million as traders anticipate the project’s token airdrop and memecoin launch. Doodles’ non-fungible token (NFTs) sales surged by 97% in the last 24 hours as digital collectible traders anticipate the project’s token generation event and airdrop. On May 8, data from CryptoSlam showed Doodles NFT sales topping $1.1 million, nearly doubling the previous day’s total. The spike placed Doodles in the third spot for daily NFT sales, following DMarket and Courtyard NFTs. Over the past week, Doodles recorded $2.6 million in total sales volume, up 368% from the week prior and ranking fifth among all NFT collections, according to CryptoSlam. Read more -
Cointelegraph.com - 10:35 May 08, 2025
Ambire and Trust Wallet are among the first wallets to support Ethereum’s Pectra upgrade (EIP-7702), enabling existing accounts to leverage account abstraction features. The Ethereum Pectra upgrade introduced a significant upgrade in account abstraction accessibility, with multiple wallets already implementing the change. Pectra introduced Ethereum Improvement Proposal (EIP) 7702, a change that Ivo Georgiev, founder and CEO of self-custodial smart wallet Ambire, described as “the single greatest UX upgrade to Ethereum so far.” Ambire is among the wallet providers that have already rolled out support for the new features since Pectra went live yesterday. Ambire’s announcement shared with Cointelegraph explains that EIP-7702 brings smart account functionality to existing user accounts, letting them temporarily act as smart contracts. This results in the advantages of account abstraction being accessible without creating new dedicated onchain addresses, rendering the transition of existing addresses possible. Re... -
Cointelegraph.com - 00:04 May 08, 2025
Binance founder Changpeng Zhao confirmed he applied for Donald Trump to pardon his money laundering conviction after denying earlier reports that he’d done so. Binance founder and convicted felon Changpeng Zhao says that he applied for a pardon from US President Donald Trump shortly after denying reports that he was seeking one. Zhao, also known as CZ, said on a Farokh Radio podcast episode aired May 6 that he “wouldn’t mind” a pardon and that his lawyers have already filed the paperwork on his behalf “I got lawyers applying,” Zhao said, adding that he submitted the request after Bloomberg and The Wall Street Journal reported in March that he was seeking a pardon from Trump amid discussions of a business deal between the Trump family and Binance.US. Read more -
Cointelegraph.com - 22:15 May 07, 2025
Stablecoin demand is on the rise, with market capitalization surpassing $231 billion in May 2025. Stripe, a global payments platform, has introduced stablecoin-based accounts to clients in over 100 countries. According to a May 7 announcement, the new feature will allow the platform's clients "to send, receive, and hold US-dollar stablecoin account balances, similar to how a traditional fiat bank account works." The product's technical page shows that the new account feature will support Circle's USDC (USDC) and Bridge's USDB (USDB) stablecoins. Stripe acquired the Bridge platform in October 2024. The product will be available to clients in more than 100 countries, including Argentina, Chilé, Turkey, Colombia, and Peru, among others. Read more
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