Key Takeaways: Solana’s 15% surge and potential close above the 50-week EMA signal strong bullish momentum, which previously led to a 515% rally in 2024. The $120 million in liquidity bridged to Solana reflects growing network confidence. Solana (SOL) price gained 18% this week, signaling rising bullish momentum. The altcoin is approaching a pivotal point, … Read more
Shiba Inu (SHIB) recently demonstrated its resilience with a significant transaction volume of 6.71 trillion tokens in 24 hours and a price recovery to $0.00001502, bouncing off its 50 EMA. These developments signal renewed investor confidence, sparking optimism for a potential bullish cycle. However, while Shiba Inu excites for the short term, Ruvi, an emerging … Read more
Alex Mashinsky, founder of the collapsed crypto lender Celsius Network, was slapped with a 12-year prison sentence on May 8 for crypto-related fraud. Mashinsky’s legal team sought a light prison sentence of one year and a day. They pointed to his clean record before the Celsius implosion, along with his military service and guilty plea. … Read more
Wall Street giant BlackRock met with the Securities and Exchange Commission (SEC) Crypto Task Force to discuss staking within crypto exchange-traded products (ETPs) and tokenization of securities. The discussion could advance institutional interest in the crypto industry. According to a May 9 memo published by the task force, BlackRock sought to “[d]iscuss perspectives on treatment … Read more
Apple is reportedly working on its own microchips across multiple product categories, including smart glasses and artificial intelligence — a hint at what’s next for the massive Silicon Valley-based tech giant. A May 8 report from Bloomberg, citing people familiar with the matter, said the company is working on new processors to power its future … Read more
Matador Technologies Inc. (“Matador” or the “Company”) (TSXV: MATA, OTCQB: MATAF), a Bitcoin-focused tech and investment company, just announced a non-brokered private placement of up to 5,454,546 units priced at $0.55 each. The total amount Matador expects to raise is up to C$3,000,000 in gross proceeds. The funds raised will be allocated into three equal … Read more
US Vice President JD Vance will speak at the Bitcoin 2025 conference in Las Vegas, roughly a year after then-presidential candidate Donald Trump spoke at the same event. According to a May 9 notice from the event’s organizers, Vance will address conference attendees in person on May 28, making him the first sitting US vice … Read more
Alex Mashinsky was given 12 years in prison for deceiving Celsius customers and losing billions from investors. The company disappeared in 2022 after closing withdrawals and concealing risky bets placed with customer resources. Alexander Mashinsky, the founder and former CEO of Celsius Network, has been sentenced to 12 years behind bars for misleading investors and … Read more
Hut 8 Corp. (Nasdaq | TSX: HUT) reported a Q1 2025 net loss of $134.3 million, marking a turbulent start to the year as the company executes a bold strategy to become a fully integrated energy infrastructure platform. Quarterly revenue came in at $21.8 million, down from $51.7 million year-over-year, while Adjusted EBITDA was reported … Read more
Key points: Bitcoin holding $100,000 as a level of support would confirm the current trend change. Ether leads among altcoins, and DeFi tokens could follow. Bitcoin (BTC) broke above the psychologically critical $100,000 level on May 8, and the bulls are trying to hold on to the level on May 9. In an X post, … Read more