A federal judge has sentenced Eric Council Jr., one of the individuals responsible for posting a fake message announcing regulatory approval of spot Bitcoin exchange-traded funds, to 14 months in prison. Following a May 16 hearing in the US District Court for the District of Columbia, the Justice Department announced that Council would serve 14 … Read more
The cryptocurrency, which has surged in recent weeks on growing legal clarity and wider market momentum, is now facing turbulence as a court ruling stalls its legal resolution with the U.S. Securities and Exchange Commission (SEC), while underlying network activity weakens. XRP Lawsuit Hits Procedural Roadblock In a pivotal development for the long-standing XRP lawsuit, … Read more
Christy Goldsmith Romero of the US Commodity Futures Trading Commission (CFTC) will step down on May 31, leaving three seats open at the financial regulator. In a May 16 announcement, Romero said her last day at the agency would be on May 31, ahead of her initial plans to leave if the Senate confirmed former … Read more
XRP has completed wave A and is now targeting the $2.55 resistance in the next upward move. Analyst predicts XRP could hit $3.3333 after wave B builds and wave C confirms the breakout. Support at $2.35 and $2.22 may help XRP hold ground if bearish pressure begins to build. XRP is believed to be preparing … Read more
Shares of Basel Medical Group are down around 15% after the healthcare company announced plans to buy $1 billion in Bitcoin for its corporate treasury. On May 16, Singapore-based Basel said it was “in advanced discussions with a consortium of institutional investors and high-net-worth individuals […] to acquire a US$1 billion BTC through an innovative … Read more
Stablecoins have transitioned from experimental projects to essential components of global payment systems, driven by speed, regulatory clarity, and infrastructure readiness, according to Fireblocks’ 2025 State of Stablecoins report. Fireblocks’ Survey: 90% of Firms Have Stablecoin Initiatives Underway The report, based on a survey of 295 financial executives, reveals that 90% of firms are actively … Read more
France is deploying new security measures to protect crypto entrepreneurs after a rash of violent kidnapping attempts raised alarm across the country’s tech sector and ignited political pressure on Interior Minister Bruno Retailleau, AP News reported on May 16. The ministry confirmed that Retailleau met privately with crypto founders to discuss personal safety. According to … Read more
Key points: A Bitcoin price close above $105,000 could accelerate momentum and trigger a rally to $130,000. Ether continues to gain strength, which is being mirrored by many altcoins. Bitcoin (BTC) has been consolidating between $100,718 and $105,819 for the past few days, indicating a balance between supply and demand. A positive sign is that … Read more
In an exciting announcement on May 16th, Binance Wallet has unveiled the launch of the SUI ecosystem trading competition on Binance Alpha. This initiative is designed to incentivize trading activity within the SUI ecosystem, offering participants a chance to share in a prize pool valued at $1.7 million. The trading competition officially commences on May … Read more
Shares of AI cloud computing company CoreWeave (CRWV) surged on May 16 after chip giant Nvidia revealed a large ownership stake, signaling growing corporate and institutional interest in the newly public company. CRWV stock climbed as much as 26.3% in New York trading, pushing its market capitalization above $38 billion. Trading volumes were more than … Read more