Cointelegraph.com
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Cointelegraph.com - 16:56 May 16, 2025
Bitwise chief investment officer Matthew Hougan said that a Bitcoin supply shock is coming, driven by heightened demand from institutions. Matt Hougan, chief investment officer at Bitwise, predicts Bitcoin (BTC) will reach $200,000 by the end of 2025 due to a supply shock from heightened institutional demand. In an interview with Cointelegraph at Consensus 2025 in Toronto, the executive said that Bitwise's Bitcoin price prediction model is driven exclusively by supply and demand metrics. Hougan laid out the specific figures driving the forecast: "I think eventually that will exhaust sellers at the $100,000 level where we have been stuck, and I think the next stopping point above that is $200,000," the executive said. Bitwise is one of the issuers of Bitcoin exchange-traded funds (ETFs) in the US markets, with nearly $4 billion in assets under management through its Bitwise Bitcoin ETF (BITB) as of May 14. Read more -
Cointelegraph.com - 16:23 May 16, 2025
The GENIUS Act's failure to move to a full vote is "a bump in the road" and it will pass "in the next few weeks," says Cody Carbone, CEO of the Washington, DC,-based advocacy group. The stalling of key stablecoin legislation in the United States Senate was a minor setback, and the bill will pass in the coming weeks, said Cody Carbone, CEO of Digital Chamber, a Washington, DC,-based blockchain trade association and advocacy group. Speaking to Cointelegraph at Consensus 2025, Carbone argued it is in the best interests of the US to pass comprehensive stablecoin regulations to protect US dollar hegemony in global markets, which has bipartisan appeal and support. Carbone said: The Guiding and Establishing National Innovation in U.S. Stablecoins of 2025, or GENIUS Act, is seen as a critical piece of legislation. Failing to pass comprehensive regulatory reform before the midterm elections in 2026 could mean a reversal in the positive regulatory environment and a downturn in the crypto markets. Read more -
Cointelegraph.com - 15:04 May 16, 2025
Bitcoin is making traders wait even longer for a move out of its current range — but not everyone thinks that new all-time highs are a sure bet next. Key points: Bitcoin refuses to budge from a narrow range as traders consider the likely breakout direction. Price discovery is keenly awaited, but downside predictions include levels further toward $90,000. Read more -
Cointelegraph.com - 15:00 May 16, 2025
Banks are rapidly pivoting away from past practices of shunning crypto businesses to consider upgrading their payments infrastructure using stablecoins, eyeing them as the next frontier for payment innovation. Opinion by: Megan Knab, CEO, Franklin Payroll There are few historical examples of such a massive about-face for an industry, from banks debanking crypto businesses to now embracing stablecoins. If you talk to most crypto startup founders or companies with crypto on the balance sheet, they will all have war stories about finding, applying for and maintaining bank accounts. Over the past three years, over half of debanking complaints have been lodged against four American banks — Bank of America, JPMorgan, Wells Fargo and Citibank. Now, as the policies that discriminated against the crypto industry, like “Operation Chokepoint 2.0” and the recision of controversial accounting rule SAB 121, have been repealed, a new openness to blockchain technology from the finance sector is possible. Read more -
Cointelegraph.com - 14:30 May 16, 2025
With Tether stepping back and BitGo stepping up, MiCA’s rollout is already redrawing crypto’s playing field in Europe. Here’s what’s happening, and what comes next. The European Union’s Markets in Crypto-Assets regulation — better known as MiCA — is now in its critical implementation phase. Designed to unify crypto regulation across all 27 EU member states, MiCA promises clarity, consumer protection and long-term market stability. But as implementation begins, cracks are already showing. In this week’s episode of Byte-Sized Insight, we explore the key provisions of MiCA now in force, particularly around stablecoins, and why some of the largest players in the market are refusing to comply. As of January 2025, crypto asset service providers (CASPs) began acquiring licenses to operate legally within the EU. A transitional or “grandfathering” period allows existing firms up to 18 months, depending on the member state, to comply. Still, with deadlines approaching, firms are being forced to act quickly. Read more -
Cointelegraph.com - 14:22 May 16, 2025
A recent spate of violent attacks on crypto investors has authorities concerned about public safety. As cryptocurrency gains in popularity and price, some criminals are taking to violent measures to steal funds from high-profile crypto holders. Jameson Lopp’s GitHub repository, which logs such incidents, has recorded 22 “$5 wrench” attacks on crypto holders in 2025 alone. The moniker comes from the crude and violent methods perpetrators use to compel crypto holders to hand over their bags. In many cases, local law enforcement can intervene before anyone is harmed and funds are lost. But there is a growing trend of increasingly violent and successful attacks, some of which have resulted in permanent harm and even death. Read more -
Cointelegraph.com - 14:21 May 16, 2025
Chief legal officer Stuart Alderoty said "procedural concerns" are at the heart of a court's denial of a joint motion by Ripple and the US Securities and Exchange Commission to settle the regulator's case against it. Ripple’s legal chief said a US court’s rejection of a proposed XRP settlement with the Securities and Exchange Commission (SEC) does not pose a threat to Ripple’s win. Judge Analisa Torres of the US District Court for the Southern District of New York rejected a joint Ripple-SEC motion seeking an indicative ruling on their proposed settlement, according to a filing on May 15. Ripple’s chief legal officer, Stuart Alderoty, said the rejection does not reverse the company’s victory in the case. The company announced the end of the lawsuit on March 19. Read more -
Cointelegraph.com - 14:09 May 16, 2025
Shares of AsiaStrategy, formerly the luxury watchmaker Top Win, surged over 60% in premarket after announcing a Bitcoin treasury strategy in partnership with Sora Ventures. Shares of luxury watchmaker Top Win surged more than 60% in premarket trading after the company said it would adopt a Bitcoin accumulation strategy and had changed its name to AsiaStrategy. In a May 16 announcement, AsiaStrategy said it is partnering with Sora Ventures to adopt a Bitcoin (BTC) treasury strategy. Sora previously partnered with Metaplanet in 2024 to create Japan’s first corporate Bitcoin treasury. The stock market took immediate notice of the announcement. Top Win stock closed the trading day at $7.50 on May 15, but traded at $12.12 in premarket at the time of writing — a jump of over 60%. Read more -
Cointelegraph.com - 13:55 May 16, 2025
Learn what innovations Sonic has over Fantom and what makes it appealing for DeFi enthusiasts. Fantom was one of the pioneers of the directed acyclic graph (DAG) design for distributed ledgers. It featured fast finality and transaction fees of a fraction of a cent. However, Fantom relied on the Ethereum-derived account storage model and the EVM, which led to bloated storage and slow execution times. To address these bottlenecks and implement numerous other updates, the team behind Fantom rolled out Sonic, a fully independent new blockchain network. A new report by HTX explores Sonic's technological background, its new tokenomics model and the innovations it brings to DeFi. Download a full version of the report for free here Read more -
Cointelegraph.com - 13:29 May 16, 2025
Ethereum researcher Justin Drake told Cointelegraph that launching a 51% attack on Bitcoin would be “much cheaper” than on Ethereum, estimating the cost at around $10 billion. Ethereum Merge architect Justin Drake told Cointelegraph that it would be cheaper to launch a 51% attack on Bitcoin than on Ethereum. Drake said it would be “much cheaper to 51% attack Bitcoin” and that it would cost “on the order of $10 billion.” Drake led work on Ethereum’s proof-of-stake (PoS) implementation and was a principal architect in the Merge (the full PoS transition event). His remarks echo a May 14 X post by Grant Hummer, the co-founder of Ethereum-focused marketing and product company Etherealize. Read more -
Cointelegraph.com - 13:20 May 16, 2025
XRP price recovery remains on course as its futures open interest rises, but can it retest its multi-year highs at $3.40 in this month? Key takeaways: XRP price is forming a bullish V-shaped recovery pattern targeting $3.40. A 53% surge in open interest to $5.06 billion signals bullish sentiment. Read more -
Cointelegraph.com - 13:04 May 16, 2025
A new Eric Trump token on Solana surged 6,200%, raising rug-pull concerns as blockchain sleuths trace insider wallet activity and repeated scam attempts. A fake Eric Trump-themed memecoin launched on Solana’s memecoin launchpad Pump.fun, rose more than 6,200% in the past 24 hours, raising red flags among blockchain analysts who warned of a potential rug pull. A newly-created Eric Trump (ERICTRUMP) memecoin with the token address “jv7d” surpassed $140 million in market capitalization within a day since its launch on May 16, CoinMarketCap data shows. The memecoin’s distribution raises significant red flags that point to a rug pull “in the making,” warned blockchain data platform Bubblemaps in a May 16 X post. Read more -
Cointelegraph.com - 12:34 May 16, 2025
The “Oracle of Omaha” also exited Citigroup and slashed Berkshire’s Bank of America holdings, offloading more than $2.1 billion in financial stocks. Key takeaways: Warren Buffett’s Berkshire Hathaway earned $250 million from its complete exit from crypto-friendly Nubank. The decision to divest didn’t appear to be performance-based; Nu Holdings posted record profits in 2024 and Q1 2025. Read more -
Cointelegraph.com - 01:15 May 16, 2025
US government charges against Tornado Cash co-founder Roman Storm were slightly pared back after a memo said the Justice Department would end most crypto cases. US federal prosecutors are pressing ahead with their case against Tornado Cash founder Roman Storm, but will drop a small part of their indictment after the Department of Justice rolled back its crypto enforcement last month. Jay Clayton, the acting US Attorney for Manhattan, told federal court judge Katherine Polk Failla in a May 15 letter that the charges against Storm still stand, bar one part of a conspiracy to operate an unlicensed money transmitting business charge. “After review of this case, this Office and the Office of the Deputy Attorney General have determined that this prosecution is consistent with the letter and spirit of the April 7, 2025 Memorandum from the Deputy Attorney General,” Clayton wrote. Read more -
Cointelegraph.com - 23:58 May 15, 2025
Wisconsin, one of the first US states offering Bitcoin exposure to its retirees, previously held over 6 million shares in BlackRock’s Bitcoin ETF. The State of Wisconsin Investment Board (SWIB), which oversees the state’s retirement funds, unloaded its shares in BlackRock’s iShares Bitcoin Trust ETF (IBIT) during the first quarter, filings show. The Wisconsin Investment Board reported no spot Bitcoin ETF positions in its 13F filing to the US Securities and Exchange Commission on May 15, liquidating all 6,060,351 IBIT shares it reported holding from the previous quarter. The more than 6 million IBIT shares are worth around $355.6 million at current prices. Read more -
Cointelegraph.com - 22:40 May 15, 2025
Binance Wallet “killing” competition and airdrops, K-drama actress embezzles $3M, Chinese firm to issue RWAs in Hong Kong. Asia Express. Cryptocurrency exchange Binances wallet has surged out of nowhere in 2025 to become the dominant in the industry. It closed the week starting on May 5 with an 86% share of the swap market, and so far, in the week starting on May 12, its at 93%, according to Dune Analytics data. At the first full week of the year, Binance Wallet controlled a measly 3.4% while OKX led the industry with 44.6% of the market, with MetaMask and imToken each at around 18.5%. Read more -
Cointelegraph.com - 22:15 May 15, 2025
Stablecoins offer a cheaper, faster alternative to legacy global payments systems, the popular investor said at Consensus. Global foreign exchange and payments platforms are lobbying hard against stablecoins, which stand to significantly disrupt their business models, investor Kevin O’Leary said during a keynote address at Consensus 2025. Legacy forex and payments platforms often extract large fees for servicing cross-border cash transfers and stand to lose out on revenue if regulated stablecoins become accepted as a cheaper, faster alternative, O’Leary said at the Toronto conference. “Once that’s approved, the multi-trillion dollar FX market becomes efficient, transparent, and inexpensive,” he said. Read more -
Cointelegraph.com - 22:10 May 15, 2025
The US Senate is expected to take up another vote on the GENIUS Act within days, but it's unclear whether the bill's supporters will address concerns from Democrats. Coinbase chief legal officer Paul Grewal addressed some of the concerns raised by US lawmakers and industry leaders around President Donald Trump’s crypto ventures, and how they may affect related legislation. Speaking at the Consensus conference in Toronto on May 15, Grewal said there had been “hiccups” in Congress since the Senate Banking Committee voted to advance the Guiding and Establishing National Innovation for US Stablecoins, or GENIUS Act, in March. Though Grewal said there were disputes over “substantial issues that need to be addressed” in the bill, he hinted that Trump’s involvement in the industry was a “complicating factor.” “The discussion around the president's support for a certain memecoin or two and other efforts does add a certain level of challenge to the effort to get Democrats and Republicans aligned on the right way to r... -
Cointelegraph.com - 21:30 May 15, 2025
Trump, co-founder of a Bitcoin mining firm, spoke on a panel at the Consensus crypto conference on May 15 in Toronto. There is an ongoing race across the world for Bitcoin accumulation, according to Eric Trump, the second-eldest son of US President Donald Trump. Speaking at a crypto conference in Toronto on May 15, Trump said that from families to government funds, “everybody in the world is trying to hoard Bitcoin right now.” The remarks came during a panel at Consensus 2025. Sharing the stage with Asher Genoot, the CEO of Bitcoin (BTC) mining company Hut 8, Trump said Bitcoin adoption has been incredible. Trump described what he sees as “two races in Bitcoin”: the accumulation race — currently led by Michael Saylor, he says — and the mining race, which marks his own involvement in the crypto space. Read more -
Cointelegraph.com - 21:02 May 15, 2025
Spot Bitcoin ETF inflows and the options skew highlight growing investor confidence despite macroeconomic headwinds. Key takeaway: Bitcoin’s struggles to overtake the $105,000 level as US macroeconomic headwinds remain a challenge. Steady inflows from institutional investors and the strength of the $100,000 support point to growing confidence in Bitcoin. Read more
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