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US Treasury sanctions Myanmar militia group for alleged crypto scams


The United States Department of the Treasury has sanctioned a Myanmar militia group known as the Karen National Army (KNA), accusing it of crypto-related scams and other criminal activities. According to a May 5 press release issued by the agency, the Karen National Army has been orchestrating...

VanEck files for BNB ETF, first in US


Asset manager VanEck has asked US regulators for permission to list an exchange-traded fund (ETF) holding BNB, the native token of Binance’s BNB Chain, regulatory filings show. The ETF is designed to accumulate spot BNB (BNB) tokens and “may, from time to time, stake a portion...

What do crypto users want to happen to Alex Mashinsky?


Crypto users are weighing in as Alex Mashinsky, the former CEO of Celsius Network, prepares to stand before a judge on May 8 to face sentencing for commodities fraud and a fraudulent scheme to manipulate the price of the platform’s token.In a May 2 filing in the US District Court for...

Price predictions 5/5: SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, SUI


Key points:Bitcoin is witnessing a tough battle between the bulls and the bears at the $95,000 level.Solid buying by spot Bitcoin ETF investors last week signals a positive shift in investor sentiment. Select altcoins have held their support levels, increasing the likelihood of a short-term...

Bitcoin investors’ expectations evolve as 88% of BTC supply is in profit


Key Takeaways:88% of Bitcoin’s supply is in profit below $95,000, indicating a reset in investor expectations. The current price range of $75,000–$95,000 may represent a structural bottom, aligning with market conditions from Q3 2024.The Market Value to Realized Value (MVRV) Ratio...

What will Bitcoin price be if gold hits $5K?


Key takeaways: Bitcoin has historically outperformed gold, more recently by sixfold.Gold’s climb toward $5,000 could set the stage for significant Bitcoin gains.Weakening US dollar and rising global liquidity remain key drivers for both assets.Gold’s march toward $5,000 per ounce...

Crypto market manipulation schemes are becoming increasingly coordinated


Opinion by: Tracy Jin, Chief Operating Officer, MEXCMarket manipulation is everywhere and yet nowhere to be seen. It is an invisible threat affecting crypto and traditional markets, leaving ordinary traders counting the costs. Sometimes, manipulation is obvious — illiquid tokens being pumped...

Ripple commits $25M to US school nonprofits


Update, May 6, 6:58 am UTC: This article has been updated with comments from Ripple’s senior vice president of strategic initiatives, Eric van Miltenburg.Ripple, the US-based crypto services firm behind the XRP Ledger, has committed $25 million in Ripple USD (RLUSD) to education nonprofits...

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...

Kidnapped dad of crypto businessman freed from ransom attempt: Report


The father of an unnamed crypto entrepreneur was freed by police in Paris, France, during a law enforcement raid of the property where the man was held captive for ransom over several days.According to reporting from Le Monde, the May 3 raid resulted in five arrests. Local outlet Le Parisien also...

Maldives to build $9 billion crypto hub to attract investment: Report


The government of Maldives signed an agreement with MBS Global Investments, a Dubai-based family office, to develop a $9 billion crypto and blockchain hub in Malé, the capital of the South Pacific archipelago nation.According to a report from the Financial Times, the agreement, which...

Saylor signals impending Bitcoin purchase following Q1 earnings call


Strategy co-founder Michael Saylor hinted at an impending Bitcoin (BTC) purchase, marking the fourth consecutive week of purchases by the BTC treasury company.The company's most recent acquisition occurred on April 28 when Strategy purchased 15,355 BTC, valued at over $1.4 billion at the time...

How to set up stop-loss and take-profit orders


Key takeawaysBitcoin and crypto traders can rely on automated orders on their trading platform to limit losses and secure gains.Stop-loss orders in Bitcoin trading started as manual risk management in the early 2010s. Now, they have become advanced, automated tools on today’s exchanges.In...

Is this the end of Bitcoin DeFi?


Opinion by: Markus Bopp, CEO of TAP ProtocolNot long ago, the idea of Bitcoin as a government-backed reserve asset seemed like a stretch. The US Federal Reserve’s move to establish a Strategic Bitcoin Reserve marks a clear turning point. Once dismissed as a speculative asset or niche...

Bitcoin eyes $95K retest as traders brace for Fed rate cut volatility


Key points:Bitcoin attacks liquidity clustered close to spot price into the weekly close.Market commentators eye significant BTC price levels below $95,000. The Fed’s upcoming interest rate decision is the key macro event to watch next week.Bitcoin (BTC) fell toward $95,000 into the May...

‘Everything is lining up’ — Tokenization is having its breakout moment


Tokenization of real-world assets (RWAs) is evolving from an abstract concept to a practical financial tool as institutional players increasingly test and deploy blockchain-based infrastructure at scale.This past week alone saw a flurry of announcements from both traditional financial institutions...

Binance to launch crypto payments in Kyrgyzstan with new partnership


Binance has signed a memorandum of understanding (MOU) with Kyrgyzstan’s National Agency for Investments to introduce crypto payment infrastructure and blockchain education in the country.The MoU was formalized during the inaugural meeting of the Council for the Development...

Pro-crypto Democrats pull support for stablecoin bill in last minute


A group of US Senate Democrats known for supporting the crypto industry have said they would oppose a Republican-led stablecoin bill if it moves forward in its current form.The move threatens to stall legislation that could establish the first US regulatory framework for stablecoins, according to...

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