Cointelegraph.com
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Cointelegraph.com - 18:41 May 22, 2025
Solana could be on the verge of a rally to $260, but first, SOL needs to push through a tough overhead resistance level. Key takeaways: Solana’s bull flag pattern projects a rally to $260, but low spot buy volumes have analysts advising caution. After briefly dropping to $160 from $184, Solana (SOL) is attempting to reclaim a position above its key resistance at $180 for a second consecutive week. With Bitcoin (BTC) hitting an all-time high, market speculators are banking on eventual capital rotation, which could pump major altcoins like SOL toward new highs. Read more -
Cointelegraph.com - 18:12 May 22, 2025
Kraken, through a partnership with Backed, will offer the product on the Solana blockchain. Crypto exchange Kraken is planning to offer non-US customers the option of trading tokenized US stocks, part of the company’s push to offer more traditional assets via tokenization. The products will be offered through Backed, a new Kraken partner, according to a statement shared with Cointelegraph. Tokens representing the stocks will be stored on the Solana blockchain due to its “unmatched performance, low latency and thriving global ecosystem,” the statement said. “The whole point of crypto is that we're able to see things very transparently,” Kraken co-CEO Arjun Sethi said during Solana's Accelerate event on May 22. ”It's decentralized. It is open-source. You can innovate as quickly as possible, and there's no reason why companies like us can't morph to do that." Read more -
Cointelegraph.com - 17:16 May 22, 2025
Donald Trump is preparing to host up to 220 people at his golf club, with access tied to his memecoin purchases. California Representative Maxine Waters, ranking member of the US House Financial Services Committee, has announced plans to introduce legislation “to block [Donald] Trump’s memecoin and stop his crypto corruption.” In a May 22 notice, Waters said the Stop Trading, Retention, and Unfair Market Payoffs (TRUMP) in Crypto Act of 2025 bill would be aimed at blocking the US president, vice president, members of Congress and their families from engaging in “crypto crime.” The US lawmaker referred to Trump and his wife, Melania, issuing personal memecoins in January, his family launching a stablecoin, USD1, through the crypto platform World Liberty Financial, and the president attempting to establish a national Bitcoin (BTC) reserve as his sons back a BTC mining venture. “Donald Trump is preparing to dine with the top donors of his memecoin who’ve made him, and his family, richer,” said Waters, adding: Re... -
Cointelegraph.com - 16:07 May 22, 2025
Bitcoin bull market momentum is in full force as US jobless claims fail to spark cold feet on risk assets — and a "bigger move" on BTC is expected. Key points: Mixed results for US jobless claims fail to dent risk-asset enthusiasm. Despite concerns over the bond market, Bitcoin and stocks enjoy stability at the start of the Wall Street trading session. Read more -
Cointelegraph.com - 15:58 May 22, 2025
Low funding rates and the absence of overly euphoric investor sentiment accompanied Bitcoin’s rally to new all-time highs, suggesting that much higher prices are in store. Key takeaways: Bitcoin’s rally to new price highs happened as funding rates and trading sentiment remained unusually subdued. Rising stablecoin supply and global M2 growth indicate untapped liquidity and the potential for further price increases. Read more -
Cointelegraph.com - 15:55 May 22, 2025
DeLorean is launching an onchain reservation system and marketplace on Sui, giving users priority access to its upcoming electric vehicle. DeLorean launched an onchain reservation system and non-fungible token (NFT) marketplace for its upcoming electric vehicle launch, introducing a new blockchain-based approach for reserving and reselling cars. According to DeLorean, its Build Slot NFT collection grants holders priority access to purchase DeLorean’s upcoming electric car, Alpha 5 EV. The model is the carmaker’s first vehicle in over 40 years, inspired by the iconic flux capacitor from the movie Back to the Future. The company created an exclusive marketplace for its NFT holders, in which users can buy or trade the NFTs using the USDC (USDC) stablecoin on the Sui network and will be able to earn rewards. Read more -
Cointelegraph.com - 15:00 May 22, 2025
Semiconductor exemptions from recent US tariffs are largely illusory. Most enter via finished products like servers, GPUs, laptops and phones. The supposed benefits of semiconductor exemptions are erased. Opinion by: Ahmad Shadid of O.xyz Semiconductors scored a rare exemption from US President Donald Trump’s aggressive reciprocal tariffs, but the relief is symbolic at best. Most semiconductors enter the US embedded in servers, GPUs, laptops, and smartphones. The finished goods remain heavily tariffed, some with duties reaching up to 49%. The exemption looks good politically but delivers little practical benefit. Nvidia’s DGX systems, crucial for training advanced AI models, do not fall under the exempted HTS codes. Nvidia could pay effective tariffs nearing 40% on these vital components. Such costs threaten to stall critical AI infrastructure projects across the country. Read more -
Cointelegraph.com - 14:30 May 22, 2025
OpenAI’s doomsday bunker plan, the “potential benefits” of propaganda bots, plus the best fake books you can’t read this summer. AI Eye.. In the last AI Eye, we reported that scientists from the four leading AI companies believe theres at least a 10% chance of AI killing around 50% of humanity in the next decade one scientist was buying farmland in the US Midwest so he could ride out the AI apocalypse. This week, it emerged that another doomsday prepper is OpenAI co-founder Ilya Sutskever. According to Empire of AI author Karen Hao, he told key scientists in mid-2023 that “we’re definitely going to build a bunker before we release AGI.” Artificial General Intelligence is the vaguely defined idea for a sentient intelligence smarter than humans. The underground compound would protect the scientists from geopolitical chaos or violent competition between world powers once AGI was released. Read more -
Cointelegraph.com - 13:54 May 22, 2025
The Senate is moving ahead on crypto regulation, and some senators have invested in crypto-related companies. As the question of stablecoin regulation heats up in the US Senate, so has the issue of which members are personally invested in cryptocurrencies and cryptocurrency firms. On May 19, the Senate voted to invoke cloture and move ahead with the GENIUS Act, which would provide a regulatory framework for stablecoins. The measure passed 66-32, with 16 Democrats supporting the bill. Democratic concerns over corruption and politicians’ ties to cryptocurrency firms made the bipartisan move controversial. After the vote was finished, Colorado Senator Michael Bennet introduced the STABLE GENIUS Act. The bill would prevent members of Congress from issuing or investing in digital currency and require them to put their crypto in a blind trust while in office. Read more -
Cointelegraph.com - 13:39 May 22, 2025
Crypto and art NFTs can help investors protect their purchasing power from ongoing fiat currency debasement, according to Raoul Pal. Cryptocurrencies and non-fungible tokens (NFTs) can help investors protect their eroding purchasing power during an era of exponential currency debasement, according to analysts and industry leaders. Investing in digital assets is becoming increasingly important in the “world of the exponential age and currency debasement,” according to Raoul Pal, founder and CEO of Global Macro Investor. “You don’t own enough crypto. When you do, you don’t own enough NFT’s, as art is upstream of wealth. Both will never be this cheap again,” Pal said. Read more -
Cointelegraph.com - 13:30 May 22, 2025
StarkWare’s Noam Nisan joins The Clear Crypto Podcast to demystify staking, explore its economic incentives and weigh the trade-offs between proof-of-work and proof-of-stake. What if a financial system could run itself not by burning electricity, but by rewarding good behavior? That’s the promise of staking, a mechanism that powers many modern blockchains by turning users into network operators. In this week’s episode of The Clear Crypto Podcast, hosts Gareth Jenkinson and Nathan Jeffay sit down with StarkWare’s Noam Nisan to unpack how this trustless engine works, why it matters and what’s really at stake. Jeffay began by highlighting how staking is part of the backbone that keeps the blockchain running, and runs itself, with volunteers. Read more -
Cointelegraph.com - 13:19 May 22, 2025
Bitcoin’s breakout is reviving memecoin mania, with FARTCOIN, POPCAT, and others flashing technicals with massive upside potential for the current bull cycle. Key takeaways: Memecoins like Fartcoin, WIF, SPX6900, and Popcat are outperforming Bitcoin in the short term amid renewed crypto market euphoria. Bullish technical patterns signal more upside for top-performing memecoins. Read more -
Cointelegraph.com - 12:50 May 22, 2025
XRP’s price action is painting a classic bullish continuation pattern on the chart, with a profit target at around $14. Key takeaways: XRP price has gained 4% over the last 24 hours to $2.43, and its open interest has risen by 25%. Positive spot market activity flips the futures funding rate positive, suggesting a return of investor optimism. Read more -
Cointelegraph.com - 12:38 May 22, 2025
UK judges rejected a $11.9 billion claim from BSV investors, ruling that they could have mitigated losses after Binance and others had delisted the token. The United Kingdom’s Court of Appeal partially dismissed a lawsuit brought by Bitcoin SV investors against major crypto exchanges, including Binance, for allegedly conspiring to delist the token in 2019. In a judgment handed down on May 21, the court ruled that investors who held BSV through the delisting period (classified as “sub-class B”) were not entitled to billions in speculative damages based on BSV’s hypothetical growth. These investors had claimed over 8.9 billion British pounds ($11.9 billion) in damages, asserting that Binance’s delisting deprived holders of the chance to profit from BSV’s potential rise to a “top-tier cryptocurrency” like Bitcoin (BTC) or Bitcoin Cash (BCH). Read more -
Cointelegraph.com - 12:10 May 22, 2025
Sui-based DEX Cetus has been hit by an apparent hack, with onchain data showing rapid asset drainage despite the team portraying the incident as a “bug.” Update (May 22, 2025, 1:27 pm UTC): This article has been updated to add further data and statements by Hacken. Cetus, a decentralized exchange (DEX) built on the Sui blockchain, is suspected to have been hit by a massive exploit that may have drained more than $200 million worth of digital assets. Pseudonymous Web3 researcher COMDARE3 posted on X that “users report” that Sui-based DEX Cetus is being exploited.” They also shared a screenshot of Cetus market data on DEX Screener, showing many assets losing well over half of their value over the last 24 hours. Read more -
Cointelegraph.com - 11:48 May 22, 2025
A crypto whale sold over 2,500 ETH before a major rally, then bought back at a much higher price. A crypto trader spent $3.8 million to buy Ether at a significantly higher price after selling the asset for almost the same amount about a month ago. On May 22, blockchain analytics firm Lookonchain reported that a crypto wallet spent $3.8 million to purchase 1,425 Ether (ETH) at $2,670 per coin, reentering ETH after a major rally. On April 13, the same wallet sold 2,522 ETH for $3.9 million, when the asset was trading at about $1,570, a decision that, in retrospect, looks poorly timed. Read more -
Cointelegraph.com - 11:21 May 22, 2025
Singapore’s crypto awareness reached 94%, but ownership dropped to 29% in 2025 from 40% a year earlier as investors shift strategies. Crypto awareness in Singapore has reached an all-time high, with 94% of respondents in a recent survey indicating familiarity with at least one digital asset. However, ownership declined, falling to 29% in 2025 from 40% the previous year, according to Independent Reserve’s fifth annual Singapore Crypto Market Survey released on May 21. The survey, conducted in February with 1,500 participants, revealed that men remain more active in crypto investing than women, 35% compared to 24%. Read more -
Cointelegraph.com - 10:52 May 22, 2025
FIFA is migrating its NFT marketplace and collection to a new Avalanche-powered layer-1 blockchain built for digital fan experiences. The Federation Internationale de Football Association (FIFA) has selected Avalanche to power its dedicated blockchain network for non-fungible tokens and digital fan engagement, the organization announced on May 22. FIFA’s layer-1 (L1) blockchain will be powered by the Avalanche network’s scalability-focused infrastructure for the association’s five billion fans worldwide. The move comes nearly a month after FIFA announced its initial plans to launch a new network for its blockchain-based collectibles. AvaCloud’s Ethereum Virtual Machine (EVM) compatibility will enable smoother integration with decentralized wallets and applications. Read more -
Cointelegraph.com - 10:43 May 22, 2025
Bitcoin surpassed Amazon in market capitalization, hitting $2.205 trillion and marking a symbolic milestone that experts say could boost mainstream investor confidence. Update (May 22, 2025, 2:05 pm UTC): This article has been updated to add statements by Shruti Kohli and Stan Low. The market cap of the world’s first cryptocurrency, Bitcoin, surpassed that of retail and tech behemoth Amazon on “Bitcoin Pizza Day.” Market data shows that Bitcoin (BTC) had a market cap of $2.205 trillion at the time of writing, $70 billion more than the $2.135 trillion Amazon valuation. Read more -
Cointelegraph.com - 10:27 May 22, 2025
The crypto market is up today, reflecting investors' optimism for a possible continued rally and TOTAL’s strong technicals after BTC price hit new all-time highs. Key points: The crypto market is up 2.5% on May 22, with its capitalization above $3.48 trillion for the first time since February. Bitcoin’s new all-time high of $111,888 is boosting investor confidence across the crypto market. Read more
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