Key Points: Key Point 1 Key Point 2 Key Point 3 BlockBeats reports U.S. tech stocks have hit 18-month lows as of May 6th, 2025, according to The Kobeissi Letter. The tech stocks’ downturn signals potential shifts within both traditional and cryptocurrency markets. U.S. Tech Stock Lows Signal Major Market Shifts Recent data indicates key … Read more
Two Florida crypto bills have been removed from the legislative process in the latest blow to American state-level strategic Bitcoin reserve ambitions. Florida’s House Bill 487 and Senate Bill 550 have been “indefinitely postponed and withdrawn from consideration” on May 3, according to the Florida Senate. Florida’s legislative session adjourned on May 2 without the … Read more
In brief Riot Platforms sold 475 Bitcoin for $38.8 million in April to fund operations and avoid equity dilution. The sale follows Bitcoin’s April 2024 halving, which cut miner rewards by 50% and drove a 13% drop in Riot’s monthly production. Rising network difficulty and sub-ATH prices continue to squeeze miner margins, prompting broader industry … Read more
The suggestion followed his appointment to the country’s National Crypto Committee by President Sadyr Japarov Binance has partnered with Kyrgyzstan to launch Binance Pay, facilitating nationwide crypto payments Kyrgyzstan is preparing to launch USDKG, a stablecoin pegged to gold and indexed to the US dollar Today, Changpeng Zhao (CZ), former CEO of Binance, shared on … Read more
Swiss Web3 Fest 2025 Spring Edition Swiss Web3Fest 2025 Spring Edition Location: Multiple Venues, SwitzerlandDate: Mon, May 05 – Thu, May 08, 2025Time: 02:00 PM – 12:00 AM (UTC+02:00) Central European Summer TimeEvent Type: Web3 ConferenceOfficial Website: https://web3fest.ch/ Event Overview The Swiss WEB3FEST Spring Edition is a premier event series held across Zug and Zurich … Read more
The troubled Nigerian digital asset platform Crypto Bridge Exchange (CBEX) recently announced new withdrawal options in an effort to restore investor confidence. Sources revealed that the company made this announcement after facing claims of collapse. Under the new rules, investors with up to $1,000 in the platform must pay a $100 fee to withdraw 50% … Read more
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A hacker who took over the Tron DAO X account is estimated to have made around $45,000 in improperly solicited funds, according to a spokesperson from Tron. Speaking to Cointelegraph, the Tron public relations team confirmed that on May 2, the Tron DAO account posted a contract address and sent direct messages to solicit payments … Read more
In brief A new draft of a crypto market structure bill in the House appears poised to end the SEC’s oversight over most crypto assets. The bill would amend securities laws from the 1930s to exclude digital assets that meet certain criteria. The legislation would also move regulation of the secondary market trading of many … Read more
The Tron network has drawn closer to regaining the lead from Ethereum in Tether circulation after another big mint by the US stablecoin issuer. On May 5, Tether minted another $1 billion Tether (USDT) on the Tron network, according to Arkham Intelligence. This brings the total USDT on Tron to $71.4 billion, according to the … Read more