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Crypto sleuth ZachXBT says wrong suspect detained in Bored Ape NFT theft


Law enforcement detained the wrong person for a 2022 scam that pilfered more than $1 million worth of Bored Ape non-fungible tokens (NFTs), cybersecurity researcher ZachXBT said. In a May 9 X post, ZachXBT said he identified the wallet behind the scam and linked it to an X account that...

Bitcoin price rallies as global liquidity growth accelerates — Analysts


Key takeaways:Bitcoin’s price closely tracks global liquidity growth, with liquidity explaining up to 90% of its price movements, according to Raoul Pal.In the long term, global liquidity continues to expand, driven by the increasing debt levels in many countries.On a shorter timeframe...

Bitcoin hits $103K but DeFi is a mixed bag: Finance Redefined


The cryptocurrency market continued to surge this past week as the overall digital asset market capitalization exceeded $3.27 trillion, an 8.6% increase over the previous week.Bitcoin (BTC) reached a high of $103,600 on May 8 after reclaiming $100,000 for the first time since January. Its market...

Galaxy Digital approved for US domicile, clearing way for Nasdaq listing


Galaxy Digital has been approved by the US Securities and Exchange Commission (SEC) to redomicile in the United States, setting the stage for the crypto investment company’s listing on the Nasdaq stock exchange.Galaxy anticipates listing on the Nasdaq, a tech-focused US stock exchange...

Chance of Bitcoin price highs above $110K in May increasing — Here’s why


Key Takeaways:Bitcoin is driven by its ability to perform well in risk-on and risk-off environments, according to Bitcoin Suisse. Bitcoin’s Sharpe ratio of 1.72, second only to gold, underscores its maturity as an asset, offering superior risk-adjusted returns.A buyer-dominant market signals...

AI's GPU obsession blinds us to a cheaper, smarter solution


Opinion by: Naman Kabra, co-founder and CEO of NodeOps NetworkGraphics Processing Units (GPUs) have become the default hardware for many AI workloads, especially when training large models. That thinking is everywhere. While it makes sense in some contexts, it's also created a blind spot that's...

Here’s what happened in crypto today


Today in crypto, Coinbase has agreed to acquire crypto options trading platform Deribit in a deal worth $2.9 billion, Arizona’s governor signed a “Bitcoin Reserve Fund” into law, and Robinhood plans a blockchain for tokenized securities offerings in Europe.Coinbase to acquire...

Why is the crypto market up today?


Key takeaways:The crypto market is up 2.5% on May 8, with its capitalization above $3 trillion for the first time in over eight weeks. Fed's steady rates and stagflation fears boost Bitcoin as a store of value.Anticipated US-UK trade deal and a technical rebound fuel market optimism.The...

Bitcoin miner Hive taps Paraguay for low-cost energy partnership


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...

Inter Milan fan token soars after Champions League win over Barcelona FC


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.Crypto betting odds favor PSG over Inter Milan, influencing fan token trading...

Ethereum’s Pectra network upgrade goes live: What to expect


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 is scheduled to go live on Ethereum mainnet at the start of epoch 364032, May 7, 2025, at about 10:00 am UTC. The three...

Ethereum’s ‘Pectra’ network upgrade goes live: What to expect


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...

Blockchains ready for institutions, lawyers hesitate: DoubleZero CEO


While blockchain infrastructure may be ready for institutional use, many legal teams at big firms remain cautious about fully integrating the technology. At the Token2049 event in Dubai, DoubleZero founder and former Solana head of strategy Austin Federa told Cointelegraph that today’s...

Citi and SDX partner to tokenize traditional private markets


Investment bank Citi and Switzerland’s SIX Digital Exchange (SDX) are teaming up to modernize traditional private markets through tokenization.The initiative, revealed during the Point Zero Forum in Switzerland, will leverage SDX’s blockchain-based Central Securities...

Research DAO claims paralyzed rats recover after spinal cord fix


Decentralized autonomous organization (DAO) HydraDAO claims that its researchers were able to use a novel technique to repair severed spines in rats.In a May 5 X post, decentralized science (DeSci) project HydraDAO said that one of its research projects resulted in “rats who had their spines...

How much Bitcoin can Berkshire Hathaway buy?


Key takeaways:Berkshire holds $347B in cash, enough to buy ~18% of Bitcoin’s supply.Greg Abel has not signaled a shift from Warren Buffett’s anti-Bitcoin stance.Berkshire already has indirect crypto exposure via Nu Holdings, Jefferies.Warren Buffett announced at Berkshire Hathaway's...

Here’s what happened in crypto today


Today in crypto, the government of Maldives signs $9 billion deal to establish crypto hub, a group of pro-crypto US Senate Democrats have said they would oppose a stablecoin bill in its current form, and OKX founder and CEO has responded to Justin Sun’s criticism.Maldives signs $9 billion...

21Shares files for US spot Sui ETF after European launch


Major European cryptocurrency investment firm 21Shares has filed for a spot Sui exchange-traded fund (ETF) in the United States, marking another step in its expansion to the US market.21Shares on April 30 submitted the Form S-1 registration for a spot Sui (SUI) ETF to the US Securities and Exchange...

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