Cointelegraph.com
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Cointelegraph.com - 21:00 May 15, 2025
Chainlink recently inked deals with JP Morgan's Kinexys and Ondo Finance to develop payment rails for tokenized assets. Asset tokenization is set to accelerate the movement of capital across traditional markets, according to Chainlink co-founder Sergey Nazarov. Speaking with Cointelegraph at Consensus 2025 in Toronto, Nazarov said the shift will boost capital velocity in asset classes such as treasuries, equities, private credit, commercial debt, and real estate. "I think that there are two sides to this equation. One is the asset, and the other one is the payment. So, you need more high-quality assets onchain, but you also need more frictionless payments that existing institutions can use easily," Nazarov said on May 14. The remarks came on the same day Chainlink announced a partnership with Kinexys, a blockchain network for institutional-grade tokenized assets by JP Morgan, and digital asset firm Ondo Finance. Together, the companies will develop payment rails for institutions trading tokenized real-world a... -
Cointelegraph.com - 20:40 May 15, 2025
The company still managed to clock net income of more than $400 million due to increasing values of derivatives on its balance sheet, Bitdeer said. Bitdeer Technologies Group reported a 41% year-over-year drop in revenue to $70.1 million for the first quarter of 2025, the Bitcoin miner said on May 15. The Singaporean company clocked an operating loss of $3.2 million for the quarter, down from a $34.1 million profit during the same period last year, its earnings release said. However, Bitdeer reported a Q1 net income of more than $400 million, largely driven by gains on convertible notes and warrants issued to stablecoin issuer Tether in 2024. Read more -
Cointelegraph.com - 20:24 May 15, 2025
Not all FTX account holders will be reimbursed in the second distribution of assets, but the trust said it will send more than $5 billion “within 1 to 3 business days” of May 30. More than two-and-a-half years after filing for bankruptcy, cryptocurrency exchange FTX is moving forward with repaying users who have not had access to their funds. In a May 15 notice, the FTX Recovery Trust announced that it would begin disbursing funds to the second group of parties eligible under the exchange’s reorganization plan. Starting on May 30, FTX will send more than $5 billion to creditors “within 1 to 3 business days” through crypto firms BitGo and Kraken. In accordance with the reorganization plan, FTX said five groups of “convenience classes” would receive between 54% and 120% distribution of assets. The repayment schedule for the next class of creditors will be “announced in due course,” and the debtors were expected to pay up to $16 billion if all claims were filed. Read more -
Cointelegraph.com - 20:05 May 15, 2025
Stablecoins could create new crypto use cases, especially for enthusiasts in developing countries, Aptos' head of ecosystem said. Stablecoin regulation is “the next catalyst” for the crypto industry and could lead to unprecedented “appetite from institutional investors,” according to Ash Pampati, head of ecosystem at the Aptos Foundation. In an interview with Cointelegraph at Consensus 2025 in Toronto, Pampati said that “the whole world outside of the United States […] has already jumped onto this [stablecoins],” adding that “the US is [...] at the doorstep.” “I really think about new use cases that can emerge because of the borderless nature of stablecoins, because of the efficiency of the dollar onchain,” he said. “If you're trying to send money to your friend in Nigeria, why do you have to go through a bunch of hoops?” Read more -
Cointelegraph.com - 19:15 May 15, 2025
Solana price hit resistance at $180, but soaring network activity and a megaphone chart pattern could catalyze a move to $210. Key Takeaways: Solana formed a megaphone chart pattern with a potential $210 price target. Solana’s ecosystem growth highlights renewed investor interest with a $4 billion realized cap increase and 731 million transactions. Read more -
Cointelegraph.com - 18:13 May 15, 2025
Bitcoin’s failure to break above $106,000 could be an early sign that a price reversal is beginning. Bitcoin's 36% rebound from $74,500 runs into resistance at $106,000. Bid-side liquidity is staking up on the downside near $93,000. Bitcoin (BTC) price has rebounded by 36% from its April 9, five-month low at $74,500. However, its failure to decisively break above $106,000 has sparked concerns about whether a sharp correction is possible in the coming days. Read more -
Cointelegraph.com - 17:00 May 15, 2025
Crypto industry observers in Canada are concerned that their industry is being left behind without a clear framework for stablecoins. The slow adoption of stablecoins in Canada has some local crypto industry observers concerned that the country is falling behind. The Canadian Securities Administrators (CSA) classified stablecoins as “securities and/or derivatives” in December 2022 after the FTX debacle that shook markets and turned many lawmakers against the crypto industry. Regulating stablecoins as a security has seen few local stablecoin issuers arise, but in the United States and the European Union, softening regulations have seen significant growth in the stablecoin market. This makes Canada, observers say, less competitive with other jurisdictions. Read more -
Cointelegraph.com - 16:36 May 15, 2025
All the Coinbase customer service agents whom cybercriminals allegedly bribed to gain access to user data were based in India, according to Philip Martin. Coinbase has reportedly fired a group of customer support agents following their alleged involvement in social engineering attacks on users. The contracted agents were based in India. According to a May 15 Fortune interview, Coinbase's chief security officer, Philip Martin, said the company flagged customer support contractors who allowed scammers access to user data, suggesting they could be Indian nationals. The CSO’s comments came after some crypto users reeled from attempted phishing attacks using their Coinbase data, which the exchange estimated could cost them between $180 million and $400 million in remediation and reimbursement. Qiao Wang, a core contributor to Alliance DAO, said in a May 15 X post that he may have been a victim of one of these attacks. He said a scammer notified him his Coinbase account had been compromised, asked him to verify his... -
Cointelegraph.com - 16:14 May 15, 2025
Historical data outlined an interesting correlation between Bitcoin and spot BTC ETFs inflows, with whale activity reflecting reserved profit-taking. Key takeaways: Spot Bitcoin ETF inflows dropped over 90% from $3 billion to $228 million in four weeks. While strong ETF inflows often drive Bitcoin rallies, recent data shows price movements can occur independently. Read more -
Cointelegraph.com - 15:00 May 15, 2025
Superior agents are set to disrupt Big Tech’s monopoly on AI. Welcome to a decentralized revolution that democratizes access and reshapes industries. Superior agents bring advanced, self-improving intelligence to all. Opinion by: Jennifer Dodgson, co-founder of KIP Protocol and Eigenform AI The puppet show is ending. The Brookings Institution found that generative artificial intelligence may disrupt at least 50% of tasks performed by more than 30% of all workers. The same study also estimates that genAI may affect at least 10% of tasks performed by approximately 85% of the human workforce. The TL;DR from these stats? AI’s effects are likely to be both broad and deep. Read more -
Cointelegraph.com - 14:50 May 15, 2025
The 10-year Treasury yield is the return investors earn on US government bonds with a 10-year maturity. Also, it serves as a reference for global interest rates. The 10-year Treasury yield is the interest rate that the US government pays to borrow money for 10 years. When the government needs cash, it issues bonds called Treasury notes, and the 10-year note is one of the most watched. The “yield” is the annual return you’d get if you bought that bond and held it until it matures. It’s expressed as a percentage, like 4% or 5%. Read more -
Cointelegraph.com - 14:30 May 15, 2025
Legendary NFT Collector Pranksy has traded Bored Apes with Gwyneth Paltrow and flipped a Zombie CryptoPunk for a $1.2M profit inside a day. OG collector Pranksy is one of the most prolific figures in the NFT space, yet remains one of cryptos greatest mysteries, with his true identity still unknown. Starting with just $600 worth of ETH in 2017 (incredibly he’s never had to buy any more ETH with fiat) Pranksy cut his teeth with the explosion of CryptoKitties and quickly built up a stack of ETH which he relentlessly poured back into the ecosystem, being dubbed the “King of the Mint” by the time NFT mania truly hit in 2020-21.A key figure in popularizing Bored Ape Yacht Club, some of his trades have become legendary. On September 4, 2021, he purchased a Zombie CryptoPunk #6275 for 1,000 ETH ($3.89M) and sold it later that same day for 1,320 ETH ($5.12mil) a casual $1.23 million profit in 24 hours. Today, he still has more than 45,000 NFTs in his primary wallet, pranksy.eth, with Avastars and CyberBrokers two of h... -
Cointelegraph.com - 14:15 May 15, 2025
Wintermute joins at least eight other large crypto firms that announced their expansion to the US, banking on improved regulatory clarity for the Web3 industry. Wintermute, a London-based algorithmic crypto trading and market-making firm, has opened an office in New York as part of its expansion into the US. Wintermute announced the opening of its New York office on May 15, citing improved regulatory conditions in the world’s largest economy. “As the US takes a friendlier stance on digital assets and institutional adoption accelerates, we moved quickly to establish roots in New York City,” the company wrote in a May 15 X post, adding that the local presence will help them in “contributing to the future regulatory framework.” Read more -
Cointelegraph.com - 14:02 May 15, 2025
A delay in Tether’s USDT blacklisting process allowed over $78 million in illicit funds to evade freezing, according to an AMLBot report. Update (May 15 at 3:10 pm UTC): This article has been updated to include comments from Tether. A lag in Tether’s wallet blacklisting process allowed over $78 million in illicit funds to be moved before enforcement actions took effect, according to a new report from blockchain compliance company AMLBot. Tether’s address blacklisting becomes effective only after a considerable delay from when the process is initiated on Ethereum and Tron, according the report published May 15. Read more -
Cointelegraph.com - 13:59 May 15, 2025
As Bitcoin mining faces new challenges post-halving, uncover how miners adapt to new realities and secure their places in the Bitcoin ecosystem. After the 2024 halving, Bitcoin mining entered its fifth epoch and block rewards were reduced from 6.25 BTC to 3.125 BTC. This forced miners to rethink their operations, optimize efficiency, cut energy costs and upgrade hardware to remain profitable. Cointelegraph Research, with insights from industry experts at Uminers, examines this transformation in its latest report. The analysis covers ASIC efficiency improvements, corporate performance, geographical expansion and new revenue models. As miners adapt, Bitcoin moves into a new era where institutional momentum and sovereign adoption could redefine its role in the global financial system. Download the full report to uncover how miners are navigating this shift and what the future holds for Bitcoin’s mining industry. Despite the adverse financial impact of the halving, Bitcoin’s network hashrate has continued to clim... -
Cointelegraph.com - 13:40 May 15, 2025
Tether mints $1 billion of USDT on Tron, pushing its authorized supply above Ethereum’s as the two networks battle for stablecoin dominance. Stablecoin issuer Tether minted another 1 billion USDt tokens on Tron, pushing the network’s authorized USDT supply to surpass Ethereum’s. On May 15, blockchain data showed that Tether’s treasury minted $1 billion of its dollar-pegged stablecoin, USDt (USDT), into the Tron network. As of May 14, Tether’s stablecoin transparency page shows that Tron’s authorized USDT totals $73.7 billion, while Ethereum has $74.5 billion in authorized USDT tokens. If the newly minted tokens are added to the number of authorized USDT assets, Tron’s supply surpasses Ethereum’s. Read more -
Cointelegraph.com - 13:38 May 15, 2025
Dapper Labs VP Ridhima Kahn told Cointelegraph why digital merch is becoming the go-to strategy for major brands like the NBA, NFL and Disney. As more and more businesses are impacted by tariff volatility, some executives, like Ridhima Kahn, vice president of business development at Dapper Labs, are viewing the assault on the cost of physical goods as another use case for digital markets powered by blockchain to shine. “I’m seeing a lot of brands rethinking where revenue and fan engagement come from,” Kahn said during an exclusive interview with Cointelegraph. “A lot of franchises, like the ones we work with — NBA, NFL, Disney — have already had years of success with digital collection, and we’re seeing a lot of brands express interest in digital collectibles as a way to engage with fan bases at a time when physical costs are riskier and unknown.” Propelling brands to take a deeper look at digital merch is the desire to better understand fandom. Flow now has tradable highlights like a “LeBron Dunk” or a “Step... -
Cointelegraph.com - 13:30 May 15, 2025
The Clear Crypto Podcast sits down with Isabel Foxen Duke to break down “Bitcoin Season 2,” a new era of Bitcoin innovation that includes trustless bridging, lending and more. Bitcoin’s (BTC) next evolution isn’t just about price. It’s about potential. On this week’s episode of The Clear Crypto Podcast, hosts Nathan Jeffay and Gareth Jenkinson sit down with Isabel Foxen Duke, general partner at Unbroken Chain and longtime Bitcoin advocate, to unpack what she calls “Bitcoin Season 2.” “Bitcoin Season 2 is really about seeing what we can do with Bitcoin outside of just being money,” said Duke. Read more -
Cointelegraph.com - 13:15 May 15, 2025
Following Bitcoin’s latest rally to $106,000, BTC continues to show strength, and traders appear to be targeting the $140,000 level as the next possible top. Key takeaways: Bitcoin’s price is retracing, but strong ETF inflows, high network activity and whale accumulation suggest BTC is on track to $140,000. Spot Bitcoin ETFs saw $2.9 billion in net inflows in two weeks, mirroring past rallies. Read more -
Cointelegraph.com - 12:51 May 15, 2025
AlAbraaj Restaurants Group, a publicly listed Bahraini catering firm, has adopted a Bitcoin treasury strategy with plans to expand into Sharia-compliant finance. A Bahrain-based, listed catering company with a $24.2 million market cap has adopted a Bitcoin treasury strategy in partnership with investment firm 10X Capital. According to a May 15 announcement, AlAbraaj Restaurants Group partnered with 10X Capital to adopt a Bitcoin (BTC) treasury strategy similar to top corporate BTC holder Strategy (previously known as MicroStrategy). The firm also aims to explore Sharia-compliant access to Bitcoin for the Islamic world. “Our initiative to become a Bitcoin treasury company reflects our forward-looking approach and our commitment to enhancing shareholder value,” said Abdullah Isa, head of AlAbraaj’s Bitcoin Treasury Committee. Read more
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