Cointelegraph.com
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Cointelegraph.com - 12:45 May 07, 2025
Donald Trump-backed USD1 stablecoin saw its market cap rise from $128 million to above $2 billion days before MGX’s $2 billion investment announcement by Eric Trump. USD1, the US dollar stablecoin launched by the President Donald Trump-backed World Liberty Financial (WLFI), has become the seventh-largest stablecoin worldwide in just two months since its launch. WLFI’s snapshot vote for a USD1 airdrop proposal is underway, and USD1’s market capitalization has continued to climb. Launched in early March with a $3.5 million supply, USD1 has expanded into a market cap of $2.2 billion at the time of writing, leaving rival stablecoins First Digital USD (FDUSD), PayPal USD (PYUSD) and Tether Gold (XAUT) behind, according to data from CoinGecko. Read more -
Cointelegraph.com - 11:52 May 07, 2025
Diversified Energy is under fire for reportedly walking away from a natural gas-powered crypto mining site in Pennsylvania without plugging wells. Cryptocurrency miner Diversified Energy quietly vacated a natural gas-powered crypto mining site in Elk County, Pennsylvania, reportedly leaving behind unplugged wells and regulatory violations. The site, known as Longhorn Pad A, was revived in 2022 after sitting dormant for nearly a decade when Diversified began using it to fuel on-site generators powering cryptocurrency mining computers, according to a report by the Erie Times-News. Per the report, the operation was launched without obtaining an air quality permit from the Pennsylvania Department of Environmental Protection (DEP). Read more -
Cointelegraph.com - 10:03 May 07, 2025
With Bitcoin hovering around $95,000 to $97,000, Xapo Bank CEO Seamus Rocca sees growing investor confidence to borrow using BTC as collateral. Bitcoin holders are becoming more comfortable borrowing against their crypto as market confidence grows, according to Seamus Rocca, CEO of the Gibraltar-based private bank, Xapo Bank. In an interview at the Token2049 event in Dubai, Rocca told Cointelegraph that with Bitcoin (BTC) hovering around $95,000 and institutional adoption starting to catch on, the mood among investors has shifted from short-term speculation to a more long-term outlook. “I’m not sure that confidence would have been there three or four years ago,” Rocca told Cointelegraph. “But today, people are more comfortable to borrow against Bitcoin because we’re nowhere near the levels that would trigger liquidation.” Read more -
Cointelegraph.com - 09:57 May 07, 2025
Bitcoin price is up today as market participants expect progress on US-China trade talks to increase risk-on sentiment that should boost stocks and crypto. Key takeaways: Bitcoin gained 2% to $96,530 on May 7, fueled by US-China trade deal hopes. BTC price rises with $83.6 million in short liquidations, with open interest up 26% to $64.4 billion, signaling strong bullish momentum. Read more -
Cointelegraph.com - 09:54 May 07, 2025
Hive Digital Technologies president and CEO Aydin Kilic said Hive is not engaging in short-term regional arbitrage but sees Paraguay as a long-term clean energy partner. Several crypto-focused organizations — including Bitcoin (BTC) mining companies — are eyeing a US return, primarily driven by uncertain geopolitical tensions. Still, BTC miner Hive Digital Technologies is doubling down on the untapped potential of the Latin American (LATAM) market. In an exclusive interview with Cointelegraph, Hive Digital Technologies’ president and CEO, Aydin Kilic, said that Paraguay presents a compelling long-term opportunity equipped with “geopolitical stability, low-cost hydro energy, and a government open to foreign investment”. Hive acquired Bitfarms’ 200 megawatt (MW) Yguazú facility for $56 million in January. Phase one infrastructure of a 100 MW data center at the site was completed in April, supporting five exahashes per second (EH/s) of application-specific integrated circuit (ASIC) mining. Read more -
Cointelegraph.com - 09:39 May 07, 2025
Inter Milan Fan Token’s rally shows a direct link between wins, volume and prices, as all eyes now turn to today’s Arsenal vs Paris Saint-Germain match. Key takeaways: Inter Milan Fan Token jumped 10.5% after beating Barcelona, showing a direct price correlation with match outcomes. PSG and AFC fan tokens signal breakout patterns ahead of the Champions League semifinal. Read more -
Cointelegraph.com - 08:57 May 07, 2025
Ethereum developers have activated the network's Pectra upgrade, bringing smart accounts, higher staking limits and improved scalability through key EIPs. Ethereum — the network that unleashed smart contracts on the world — moves on to the next chapter with today’s Pectra upgrade, but what does it mean? Pectra went live on the Ethereum mainnet at the start of epoch 364032, May 7, 2025, at about 10:00 am UTC. The three main Ethereum improvement proposals (EIPs) included are EIP-7702, EIP-7251 and EIP-7691. EIP-7702 allows externally owned accounts to act as smart contracts and cover gas expenses (transaction fees) and payments in tokens that are not Ether (ETH). EIP-7251 increases the validator staking limit from 32 ETH to 2,048 ETH, which makes operations for large stakers easier and simpler. Read more -
Cointelegraph.com - 08:53 May 07, 2025
Tornado Cash is designed to make transactions private, but allegations of money laundering led to US sanctions, though they were lifted in March 2025. Tornado Cash is a decentralized, non-custodial crypto mixer designed to enhance transaction privacy on public blockchains. It uses smart contracts and zero-knowledge (ZK) proofs to conceal the onchain link between the sender and receiver of a transaction. Launched by Roman Storm and Roman Semenov on Ethereum in 2019, Tornado Cash allows users to send and receive cryptocurrency anonymously, without exposing their wallet history. Unlike centralized mixers, Tornado Cash operates entirely onchain through immutable smart contracts, meaning no central party controls the funds. Read more -
Cointelegraph.com - 14:30 May 06, 2025
Despite all signs pointing to success, 100 devs will anxiously scan the Ethereum network for problems after the Pectra fork goes live tomorrow Ethereum developers will be holding their breath for the 12 minutes it takes to work out if Ethereums Pectra hard fork has finalized properly after its deployed tomorrow. During every Ethereum hard fork, there is roughly a 12-minute period the time it takes for two epochs where over a hundred tireless Ethereum developers vigilantly monitor the state of the network for signs of problems, wondering, Did we do enough? Every time Ethereum goes through a major hard fork which is like replacing components of an airplane in mid-flight theres a niggling chance that something could go horribly wrong. Read more -
Cointelegraph.com - 01:55 May 05, 2025
Users’ hot wheel NFT collections and the Mattel Digital Collectibles Marketplace will continue operating as usual through 2025, while the company evaluates what to do next. Toymaking giant Mattel is putting the brakes on its Hot Wheels Virtual Garage non-fungible tokens, pending a decision on the collection’s future. There will be no future releases of any new NFT series or feature drops for the “foreseeable future,” Mattel said in an update on its website. The company said it will decide on the “long-term future” of Mattel digital collectibles. “Your unwavering support and enthusiasm for the Hot Wheels Virtual Garage has been legendary, and we’re incredibly grateful to have been on this journey with you,” the company said. Read more -
Cointelegraph.com - 01:05 May 05, 2025
Bitcoin gave up some of its recent gains, but select altcoin charts still look poised for a breakout. Key points: Bitcoin’s positive sentiment should remain intact if BTC price stays above the 20-day EMA near $92,000. Several altcoins show bullish chart patterns in the 4-hour and 1-day timeframes. Read more -
Cointelegraph.com - 21:27 May 04, 2025
French law enforcement officers freed the man after raiding a property in a Paris suburb where he was held captive for ransom. The father of an unnamed crypto entrepreneur was freed by police in Paris, France, during a law enforcement raid of the property where the man was held captive for ransom over several days. According to reporting from Le Monde, the May 3 raid resulted in five arrests. Local outlet Le Parisien also said the kidnappers demanded between 5 million and 7 million euros, or up to $7.9 million, to release the captive man. Although the details on the identity of the victims remain scant, likely for security reasons, the crypto entrepreneur and his father co-owned a crypto marketing firm based in Malta, French media reports. Read more -
Cointelegraph.com - 19:40 May 04, 2025
Government officials hope the move can attract foreign investment into the Maldives, diversify its revenue streams, and alleviate its debt. The government of Maldives signed an agreement with MBS Global Investments, a Dubai-based family office, to develop a $9 billion crypto and blockchain hub in Malé, the capital of the South Pacific archipelago nation. According to a report from the Financial Times, the agreement, which was signed on May 4, was done in the hopes of moving the Maldives away from reliance on tourism and fisheries by attracting foreign direct investment into blockchain and Web3 technologies. The project outlines plans for the Maldives International Financial Centre, an 830,000-square-meter facility that will reportedly employ up to 16,000 individuals. Read more -
Cointelegraph.com - 16:43 May 04, 2025
Strategy co-founder Michael Saylor posted the Bitcoin chart signaling an impending Bitcoin purchase by the company the following day. Strategy co-founder Michael Saylor hinted at an impending Bitcoin (BTC) purchase, marking the fourth consecutive week of purchases by the BTC treasury company. The company's most recent acquisition occurred on April 28 when Strategy purchased 15,355 BTC, valued at over $1.4 billion at the time, bringing the company's total holdings to 553,555 BTC. According to data from SaylorTracker, Strategy is up approximately 39% on its investment, representing over $15 billion in unrealized gains. Read more -
Cointelegraph.com - 15:23 May 04, 2025
Stop-loss and take-profit orders help Bitcoin traders lock in gains and cut losses automatically. They’re essential tools for managing risk in a 24/7, fast-moving market. Bitcoin and crypto traders can rely on automated orders on their trading platform to limit losses and secure gains. Stop-loss orders in Bitcoin trading started as manual risk management in the early 2010s. Now, they have become advanced, automated tools on today’s exchanges. In the algorithm era and bot pestering, proper trading tools like stop-loss and take-profit orders will help you protect your trades. Read more -
Cointelegraph.com - 15:00 May 04, 2025
Bitcoin’s institutional adoption reshapes its development landscape, prioritizing security and compliance over grassroots innovation. Bitcoin's decentralized roots, however, face unprecedented challenges. Opinion by: Markus Bopp, CEO of TAP Protocol Not long ago, the idea of Bitcoin as a government-backed reserve asset seemed like a stretch. The US Federal Reserve’s move to establish a Strategic Bitcoin Reserve marks a clear turning point. Once dismissed as a speculative asset or niche investment, Bitcoin is increasingly being treated by some governments and financial institutions as a national store of value. This evolution puts blockchain development at a crossroads. On one hand, memecoins, once dismissed as internet jokes, have dominated transaction volumes and social buzz on leading platforms. On the other hand, institutions and governments are taking the world’s most popular cryptocurrency — Bitcoin (BTC) — seriously and investing in infrastructure to secure it for the long term. Read more -
Cointelegraph.com - 14:05 May 04, 2025
Bitcoin deals with nearby liquidity into the weekly close as traders turn to the key Fed meeting for BTC price clues over the coming week. Key points: Bitcoin attacks liquidity clustered close to spot price into the weekly close. Market commentators eye significant BTC price levels below $95,000. Read more -
Cointelegraph.com - 12:30 May 04, 2025
Tokenization is gaining real traction as BlackRock, Libre, and MultiBank make billion-dollar moves, signaling the shift from theory to execution. Tokenization of real-world assets (RWAs) is evolving from an abstract concept to a practical financial tool as institutional players increasingly test and deploy blockchain-based infrastructure at scale. This past week alone saw a flurry of announcements from both traditional financial institutions and blockchain-native firms advancing their RWA initiatives. On April 30, BlackRock filed to create a digital ledger technology shares class for its $150 billion Treasury Trust fund. It will leverage blockchain technology to maintain a mirror record of share ownership for investors. Read more -
Cointelegraph.com - 09:46 May 04, 2025
Binance has partnered with Kyrgyzstan to roll out crypto payments and launch blockchain education programs in the country. Binance has signed a memorandum of understanding (MOU) with Kyrgyzstan’s National Agency for Investments to introduce crypto payment infrastructure and blockchain education in the country. The MoU was formalized during the inaugural meeting of the Council for the Development of Digital Assets, attended by Kyrgyz President Sadyr Japarov, the exchange said in a May 4 press release. As part of the agreement, Binance will introduce Binance Pay to Kyrgyzstan, enabling crypto-based transactions for visitors and residents. Read more -
Cointelegraph.com - 08:16 May 04, 2025
A group of nine US Senate Democrats say they will oppose the stablecoin bill in its current form, threatening its chances of passing. A group of US Senate Democrats known for supporting the crypto industry have said they would oppose a Republican-led stablecoin bill if it moves forward in its current form. The move threatens to stall legislation that could establish the first US regulatory framework for stablecoins, according to a May 3 report from Politico. Per the report, nine Senate Democrats said in a joint statement that the bill “still has numerous issues that must be addressed.” They warned they would not support a procedural vote to advance the legislation unless changes are made. Read more
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