Cointelegraph.com
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Cointelegraph.com - 09:00 May 07, 2026
Luffa, the global leader in intelligent ecosystem platforms, today officially announced a major brand upgrade, repositioning itself as the AI × Web3 Super Connector. Hong Kong, May 7, 2026 — Luffa, the global leader in intelligent ecosystem platforms, today officially announced a major brand upgrade, repositioning itself as the AI × Web3 Super Connector. Powered by AI agents as its core engine, Luffa delivers an integrated intelligent collaboration and value-flow system for individuals, creators, brands, communities, and developers worldwide. The upgrade marks Luffa’s full evolution into a new-generation infrastructure—AI-driven, identity-centric, and powered by programmable economics. It addresses four critical layers of digital fragmentation —identity, intelligence, value, and trust—enabling AI to achieve true autonomous execution, trustworthy interaction, and independent economic capabilities. Today’s internet is highly fragmented: identities are siloed and controlled by platforms; AI agents lack independe... -
Cointelegraph.com - 08:58 May 07, 2026
Bithumb’s tie-up with SSI Digital positions it for Vietnam’s strict crypto exchange pilot as competition for scarce licenses heats up and scrutiny mounts at home. South Korean crypto exchange Bithumb is expanding its overseas push through a new partnership in Vietnam as the country moves toward licensing its first domestic digital asset trading platforms. Bithumb said it signed a memorandum of understanding (MoU) with SSI Digital (SSID), a subsidiary of Vietnam’s largest securities company, SSI Securities, to cooperate on establishing and operating a virtual asset exchange in the country. The agreement, signed in Hanoi in March but announced Thursday, also leaves the door open for Bithumb to make a strategic equity investment in an SSID-designated entity, subject to Vietnam’s regulatory approvals. Read more -
Cointelegraph.com - 07:30 May 07, 2026
Near One says blockchains may need new ownership verification systems if quantum attacks compromise wallet keys and expose private assets. Blockchain protocols preparing for the quantum computing threat should also consider how to quickly verify ownership on the blockchain if funds are stolen, the development and research team behind the layer-1 NEAR Protocol said. Concerns that quantum computers could eventually break blockchain cryptography have fueled worries about private keys and wallet security, but most of the conversation has focused on preventing such attacks. “We won’t be able to tell if someone running a transaction is the rightful owner of the asset or not,” Near One’s chief technology officer, Anton Astafiev, said on Wednesday, adding that blockchain protocols would be forced to make tough decisions on whether to freeze compromised crypto wallets. Read more -
Cointelegraph.com - 07:10 May 07, 2026
Samourai Wallet co-founder Keonne Rodriguez said mounting legal debt and fading pardon hopes could force him to serve his full prison sentence. Keonne Rodriguez, one of the developers behind the crypto-mixing protocol Samourai Wallet, is appealing to the crypto community for donations to help cover legal bills and fines tied to his trial over money laundering. Samourai Wallet co-founders Rodriguez and William Lonergan Hill were sentenced on Nov. 19 to five and four years in prison, respectively, on charges stemming from their involvement in the protocol. Rodriguez said in an X post on Wednesday that he desperately needs help after being “financially wiped out,” accruing $2 million in debt from legal fees and a $250,000 fine imposed by the sentencing judge. Read more -
Cointelegraph.com - 07:08 May 07, 2026
Donald Trump’s sons’ company, American Bitcoin, missed analyst revenue estimates and posted narrower losses as it ramped up its mining capacity. American Bitcoin, the crypto mining company co-founded by US President Donald Trump’s son Eric Trump, reported an $81.7 million first-quarter loss as its revenue missed analyst estimates. American Bitcoin on Wednesday reported revenue of $62.1 million for the quarter ended March 31, a 400% increase from $12.3 million in the prior-year period but down from $78.3 million in the fourth quarter of 2025. The revenue figures fell short of analyst estimates by 17%, while the firm, which also counts Donald Trump Jr. as a shareholder, reported a quarterly loss of 8 cents per share, compared with Wall Street estimates of 1 cent per share. Read more -
Cointelegraph.com - 00:03 May 07, 2026
Ether rallies are abruptly capped at $2,400 and multiple data points suggest this pattern will remain in play for the foreseeable future. Key takeaways: Ether (ETH) has failed to sustain levels above $2,400 for the past three months, consistently lagging behind most of its peers. Ether’s down 21% in 2026, and investors have expressed uncertainty about the altcoin’s inability to mirror the broader market recovery. Read more -
Cointelegraph.com - 22:00 May 06, 2026
Bitcoin's market dominance climbed above 61% as BTC led crypto market flows. Data also showed Binance-listed altcoins' share of volume hitting 49% in March. Bitcoin dominance climbed to 61% on Wednesday, its highest level since November 2025. The metric has risen from 58.44% at the start of April, proving that the bullish trend continues to favor BTC over the wider crypto market. In the last two months, altcoin volumes on Binance also increased by 49%, while 12.6% of altcoins on Binance reclaimed their 200-day simple moving average (SMA). Bitcoin dominance, one-week chart. Source: Cointelegraph/TradingView Read more -
Cointelegraph.com - 21:07 May 06, 2026
Kirsten Gillibrand said that the US Senate had to address lawmakers potentially getting “rich off of these industries because of their insider status“ before any vote on the CLARITY Act. US Senator Kirsten Gillibrand said lawmakers working towards passage of a digital asset market structure bill likely need to meet three conditions before the chamber could vote on the legislation. Speaking at the Consensus conference in Miami on Wednesday, Gillibrand said she considered addressing consumer protection, illicit finance, and ethics provisions essential before any potential vote on the CLARITY Act. She said that if Congress were to consider those issues, as well as combine the draft of the market structure bill with the version already passed in the Senate Agriculture Committee and ensure ethics language, lawmakers could have a vote “before the August recess,” which begins Aug. 10. “There will be no one voting for this bill if we don’t have an ethics provision,” said Gillibrand. “Because the truth is, is that we ... -
Cointelegraph.com - 18:58 May 06, 2026
The company also announced a new AI energy leasing deal as it continues to diversify into adjacent high-performance computing applications. Investors appeared to disregard Hut 8's reported first quarter 2026 net loss of more than $253 million on Wednesday, lifting the shares of the Bitcoin mining company by more than 33%. Hut 8 attributed the loss to a reduction in the market value of its Bitcoin (BTC) holdings, which fell from a high of over $126,000 apiece in October to a low of $60,000 in February. Revenue for quarter totaled more than $71 million, down by about 22% from the previous period's $88.4 million, according to Hut 8’s earnings statements. Analysts had forecast $78.5 million, according to FactSet. Read more -
Cointelegraph.com - 18:31 May 06, 2026
Representative James Baird won the Republican primary for Indiana's 4th district on Tuesday after receiving an endorsement from Donald Trump and supportive spending from a crypto-backed PAC. A Republican US House of Representatives member running for reelection has won his party’s primary after crypto-affiliated groups contributed more than $500,000 in supportive media buys. Representative James Baird won Tuesday's Republican primary for Indiana House District 4 with more than 60% of the vote, beating challenger Craig Haggard and others. Beginning with his first term, in January 2019, Baird consistently supported legislation considered favorable to the crypto industry, including the GENIUS stablecoin act and the market structure bill, the CLARITY Act. Read more -
Cointelegraph.com - 17:34 May 06, 2026
Bitcoin sellers may show up if BTC hits $84,000, but altcoin charts continue to predict new price highs. Key points: Bitcoin (BTC) rallied above $82,800 on Wednesday, but bulls were unable to hold the higher levels. However, a positive sign for the bulls is that BTC exchange-traded funds recorded $1.63 billion in net inflows in May, according to SoSoValue data. That suggests investors are building positions as they anticipate the uptrend to continue. Analyst PlanC said in a post on X that BTC was about to enter its first supercycle, which began at the bear-market low of $16,000 in Nov. 2022. He expects BTC to rise above $250,000 in the second half of 2027 to the first half of 2028. Read more -
Cointelegraph.com - 17:25 May 06, 2026
The FINMA-regulated bank's institutional clients will get access to trading and holding Canton Coin through a banking platform instead of crypto-native venues. Swiss crypto bank Amina has added custody and trading support for Canton Coin, becoming the first regulated bank to offer services for the token tied to the Canton Network, an institutional-focused network. In a Wednesday announcement, Amina said clients will gain regulated access to the Canton Network, a public blockchain designed for capital markets and tokenized finance. The network was developed by Digital Asset and is backed by the Depository Trust & Clearing Corporation, Visa, BitGo, Goldman Sachs and Citadel. The move allows institutional clients to hold and trade Canton Coin through a banking platform regulated by the Swiss Financial Market Supervisory Authority (FINMA) rather than relying on a crypto-native exchange or custodian, potentially supporting companies that use Canton for tokenization and settlement. Read more -
Cointelegraph.com - 16:32 May 06, 2026
Ether could rise as high as $3,500 in the coming days, fueled by rising balances in Ethereum accumulation wallets and a strengthening technical structure. Ethereum accumulation addresses witnessed a surge in daily inflows on Wednesday, suggesting growing confidence in Ether’s (ETH) long-term price trajectory following its latest rise to $2,400. Key takeaways: Ether’s investor confidence has returned following its 39% recovery from a multi-year low below $1,750. Read more -
Cointelegraph.com - 15:37 May 06, 2026
Bitcoin price action failed to revisit the $83,000 mark after US-Iran war tensions took over to steer the crypto market mood. Bitcoin (BTC) cooled from new 13-week highs at Wednesday’s Wall Street open amid mixed signals over a US-Iran peace deal. Key points: Data from TradingView showed a new local peak for BTC/USD of $82,833 on Bitstamp. Read more -
Cointelegraph.com - 15:08 May 06, 2026
The Wall Street bank is charging 50 basis points per crypto trade, below basic retail pricing at Coinbase, Robinhood and Charles Schwab. Morgan Stanley has rolled out a cryptocurrency trading pilot on its E*Trade platform, charging lower basic retail fees than some of the largest US crypto and brokerage platforms. The Wall Street bank is charging clients 50 basis points on the dollar value of each crypto transaction, undercutting Coinbase, Robinhood and Charles Schwab on standard retail pricing, according to a Tuesday Bloomberg report. The offering is currently in pilot mode, with E*Trade’s 8.6 million clients expected to gain access later this year, Bloomberg reported. Read more -
Cointelegraph.com - 14:55 May 06, 2026
The crypto industry in the UK has come out against the Bank of England’s proposed policy that would ban custodial wallets for stablecoins. As the UK considers options to attract and develop the crypto industry at home, the Bank of England (BOE) has put forward several proposals for how it might regulate stablecoins to mitigate perceived financial risks. These have included a ban on custodial wallets for stablecoin holdings. The UK crypto industry, from stablecoin issuers to Bitcoin hardliners, has predictably taken issue with the ban. “This would be a serious misstep for the UK, risking long-term damage that is hard to unwind,” said Benoit Marzouk, CEO of stablecoin issuer tGBP told Cointelegraph. Read more -
Cointelegraph.com - 14:20 May 06, 2026
Your guide to the top global crypto hubs for adoption, business and digital nomading — and the surprise crypto hub few people are aware of. -
Cointelegraph.com - 14:00 May 06, 2026
OpenTrade raised $17 million to expand its stablecoin yield platform, bringing total funding above $30 million as it scales stablecoin yield infrastructure for global clients. OpenTrade, an institutional-grade platform for onchain and real-world asset (RWA)-backed lending and stablecoin yield products, has raised fresh capital to expand its yield infrastructure. The platform secured $17 million in its latest strategic funding round led by Mercury Fund and Notion Capital, OpenTrade said in a Wednesday announcement seen by Cointelegraph. The new funding will support the continued expansion of OpenTrade’s permissioned and permissionless yield infrastructure, as well as the growth of its vault-focused service Curation+, CEO David Sutter told Cointelegraph. Read more -
Cointelegraph.com - 13:47 May 06, 2026
Remittance firms are using crypto to bypass parts of traditional settlement infrastructure, but this does not mean SWIFT is disappearing. Some of the world’s largest remittance providers are accelerating their digital asset strategies as they look for faster settlement alternatives to traditional banking rails. Western Union’s new stablecoin USDPT is the latest example of the growing overlap between traditional payments firms and crypto infrastructure. The money transfer company launched its Solana-based stablecoin on Monday in the Philippines and Bolivia, with plans to expand into additional markets throughout 2026. Western Union CEO Devin McGranahan said in the company’s Q1 earnings call that the stablecoin will be used as an alternative settlement layer to the decades-old SWIFT network. Read more -
Cointelegraph.com - 13:20 May 06, 2026
The Korea Securities Depository platform is expected to go live by February 2027, aligning with South Korea’s incoming security token framework. Samsung SDS, Samsung’s information technology services subsidiary, will reportedly build a token securities platform for the Korea Securities Depository (KSD), moving South Korea’s central securities depository closer to operating blockchain-based securities infrastructure as the country prepares a legal framework for tokenized assets. Samsung SDS won a contract to build and operate the platform for KSD, according to local reports from Yonhap News Agency and The Korea Times. The project is expected to be completed by February 2027 and will convert a technology verification testbed into a formal system capable of stable service operations. KSD plans to link its existing electronic securities account system with blockchain-based distributed ledger data to strengthen tokenized securities issuance and rights management, according to the reports. Read more
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