Representative Maxine Waters, ranking member of the House Financial Services Committee (HFSC), led Democratic lawmakers out of a joint hearing on digital assets in response to what she called “the corruption of the President of the United States” concerning cryptocurrencies. In a May 6 joint hearing of the HFSC and House Committee on Agriculture, Rep. … Read more
The WazirX hack, which saw the infamous North Korean Lazarus Group steal $235 million from the crypto exchange, notably affected the sentiments of the Indian crypto investors. Post the hack, users migrated to more trusted platforms. In an interview published on 5 May 2025, Sumit Gupta, the CEO of CoinDCX, a crypto exchange based in … Read more
Key Notes Burn rate increased by 656% with over 16 million SHIB tokens removed from circulation in just 24 hours. Price dropped 3.27%, but trading volume rose 15%, showing active market interest. Long-term holders stay engaged, with over 4.8 trillion SHIB staked as xSHIB. The latest market update disclosed that the Shiba Inu (SHIB) has … Read more
CoinPoker is shuffling up the deck for its biggest poker event yet. The Crypto Series of Online Poker (CSOP) Spring 2025. Running from May 11 to May 26, this year’s series features a record-breaking $2.5 million guaranteed prize pool across 271 tournaments, making it one of the most exciting events on the crypto poker calendar. … Read more
Former Celsius CEO Alex Mashinsky is seeking a one-year prison sentence, sharply contesting the Department of Justice’s (DOJ) recommendation of 20 years for fraud and market manipulation tied to the cryptocurrency platform’s 2022 collapse. Mashinsky’s Lawyers Push for Leniency in Sentencing Memo In a 30-page filing to the Southern District of New York (SDNY), Alex … Read more
Speaking at the Financial Times Digital Asset Summit in London on Tuesday, Emma Reynolds, Economic Secretary to the Treasury, emphasized that while the UK aims to become a crypto hub, it will take a different approach from both the U.S. and EU in regulating Bitcoin and crypto. “We don’t think that’s appropriate for our market,” … Read more
With nearly 24 hours left for the Federal Open Market Committee (FOMC) meeting to discuss Fed rates, the global and crypto markets’ price predictions are turning extremely bearish. As the U.S. and broader crypto markets witness a short-term correction, the increased tensions before the FOMC meeting are likely to result in a steeper correction ahead. Unchanged … Read more
Latest figures position USD1, the stablecoin linked to the Trump-aligned World Liberty Financial (WLFI), as the seventh-largest stablecoin by market cap—an impressive feat given its rapid rise. WFLI’s USD1 Stablecoin Play World Liberty Financial’s (WLFI) new stablecoin has secured a place among the top ten fiat-pegged cryptocurrencies by market capitalization. The token, USD1, now sits … Read more
Two long-dormant Bitcoin wallets from the early “Satoshi era” have suddenly become active after more than a decade of silence, moving a combined $325 million worth of Bitcoin just ahead of a major U.S. Federal Reserve interest rate decision. According to blockchain analytics platform Spot On Chain, the first whale transferred 2,343 BTC, valued at … Read more
The FOMC May 2025 rate decision could shake Bitcoin, SPX, and even top Solana meme coins. Will Powell’s pause or cut spark a crypto rally? The Federal Open Market Committee (FOMC) will conclude its two-day meeting on May 7 before announcing whether its findings justify a rate cut, hike, or maintaining rates at 4.50%. DISCOVER: 20+ … Read more