Day

May 1, 2025

Tether CEO defends decision to skip MiCA registration for USDT

May 1, 20250
Paolo Ardoino, CEO of stablecoin issuer Tether, addressed criticism over the company’s decision not to seek registration under the European Union’s Markets in Crypto-Assets (MiCA) framework, arguing that the regulations were risky for stablecoins.Speaking to Cointelegraph at the Token2049 conference in Dubai, Ardoino reiterated that Tether had no plans to apply for its US dollar-pegged...

Coinbase suspends trading for MOVE token

May 1, 20250
Crypto exchange Coinbase has announced it will suspend trading of Movement Labs’ native token effective May 15.The decision was shared in a May 1 post on X, with Coinbase citing the token’s failure to meet its listing standards. According to CoinMarketCap, the MOVE token declined by 13.6% in the last 24 hours. Coinbase announced:”Trading for...

Devs introduce Ethereum R1 layer-2 scaling solution

May 1, 20250
A group of developers within the Ethereum ecosystem, operating independently of the Ethereum Foundation, have announced Ethereum R1 — a layer-2 (L2) scaling solution for the Ethereum network that does not include a native token.According to the announcement, the project relies entirely on donations, does not have venture funding, and does not have any pre-mined...

The case for enterprise-grade custody solutions

May 1, 20250
Opinion by: Vikash Singh, Principal Investor at StillmarkThe Bybit hack resulted in the largest loss of funds to cyber hackers by a cryptocurrency exchange in history. It served as a wake-up call for those complacent about the state of security threats in the digital assets space. Everyone must learn the lesson from this heist —...

Bitcoin bulls prep $97K resistance showdown as gold dips 8% from highs

May 1, 20250
Bitcoin (BTC) gained 3% on May 1 as a new month saw shorts struggle to keep price pinned.BTC/USD 1-hour chart. Source: Cointelegraph/TradingViewBitcoin pressures shorts after 3% daily gainsData from Cointelegraph Markets Pro and TradingView showed BTC/USD reaching $96,955 on Bitstamp, its highest since Feb. 22.Increasingly close to six figures, Bitcoin rose with US stocks at...

Federal crypto legislation could come with a ‘New York State of Mind’

May 1, 20250
Love it or leave it, New York State has been a force in crypto regulation.Ten years ago, the state created the United States’ first comprehensive regulatory framework for firms dealing in cryptocurrencies, including key consumer protection, anti-money laundering compliance and cybersecurity guidelines.In September 2015, the New York Department of Financial Services (NYDFS) issued its first...

21Shares files for US spot Sui ETF after European launch

May 1, 20250
Major European cryptocurrency investment firm 21Shares has filed for a spot Sui exchange-traded fund (ETF) in the United States, marking another step in its expansion to the US market.21Shares on April 30 submitted the Form S-1 registration for a spot Sui (SUI) ETF to the US Securities and Exchange Commission (SEC).Called the 21Shares Sui ETF,...

Ethereum to simplify crosschain transactions with new token standards

May 1, 20250
Ethereum developers are working to improve blockchain interoperability with two new token standards: ERC-7930 and ERC-7828.“There’s no standard way for wallets, apps, or protocols to interpret or display this information,” decentralized finance (DeFi) ecosystem development organization Wonderland wrote in a May 1 X post. Wallets, decentralized applications (DApps), block explorers and smart contracts follow different...

Bitcoin yield demand booming as institutions seek liquidity — Solv CEO

May 1, 20250
The demand for yield-generating strategies around Bitcoin (BTC) is surging, especially from firms seeking liquidity without liquidating their BTC, according to Ryan Chow, co-founder and CEO of Solv Protocol.During a fireside chat at the Token2049 conference in Dubai on May 1, Chow said institutional interest in Bitcoin yield products has grown exponentially over the past...

Bitcoin to $1M by 2029 fueled by ETF and gov’t demand — Bitwise exec

May 1, 20250
Bitcoin’s expanding institutional adoption may provide the “structural” inflows necessary to surpass gold’s market capitalization and push its price beyond $1 million by 2029, according to Bitwise’s head of European research, André Dragosch.“Our in-house prediction is $1 million by 2029. So that Bitcoin will match gold’s market cap and total addressable market by 2029,” he...
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