Day

May 6, 2025

Bitwise throws NEAR ETF in race for SEC approval with S-1 filing

May 6, 20250
Digital asset manager Bitwise has filed to list a spot Near exchange-traded fund with the US Securities and Exchange Commission, adding to a growing list of altcoins currently vying to win regulatory approval.The Bitwise Near (NEAR) ETF will track the price movements of the NEAR token, minus expenses, through a traditional brokerage, Bitwise’s May 6...

US regulator moves to drop appeal against Kalshi

May 6, 20250
The US Commodity Futures Trading Commission (CFTC) is seeking permission from the court to drop an appeal against prediction market Kalshi. The move could allow the platform to offer political event contracts to users without contest.In a May 5 filing in the US Court of Appeals for the District of Columbia Circuit, lawyers for the...

FT report suggests advance knowledge of Melania Trump memecoin launch

May 6, 20250
A group of crypto traders reportedly purchased millions of dollars worth of Melania Trump’s memecoins minutes before she announced the launch on social media.According to a May 6 Financial Times report, the crypto traders earned roughly $100 million from buying $2.6 million worth of MELANIA tokens before the public launch on Jan. 19. Shortly after...

Tether adds Chainalysis tokenization platform for compliance, monitoring

May 6, 20250
Tether, the issuer of the world’s largest stablecoin by market cap USDt (USDT), has announced a partnership with Chainalysis that will integrate the company’s compliance and monitoring tools onto Tether’s tokenization platform. The move comes amid expanding oversight across the crypto industry.Launched in November 2024, the Hadron by Tether platform is designed for institutions, corporations...

21Shares launches ETP for Crypto.com's Cronos token

May 6, 20250
21Shares has launched an exchange traded product (ETP) in Europe, providing investors with exposure to Crypto.com’s Cronos token, the asset manager said. The ETP is listed on Euronext’s Paris and Amsterdam exchanges, 21Shares said in a May 6 announcement. Cronos (CRO) is a layer-1 blockchain network affiliated with Crypto.com, a centralized exchange. The chain is designed to integrate...

Bitcoin could rally regardless of what the Federal Reserve FOMC decides this week: Here’s why

May 6, 20250
Key Takeaways:The Fed may pause rates but inject liquidity. Crypto could rally as a recession hedge.The weak US dollar and gold rally signal a shift to scarce assets.The US Federal Reserve Open Market Committee (FOMC) interest rate decision on May 7 will be a defining moment for risk-on assets, including cryptocurrencies. While the consensus points...

Bitcoin bulls rush into long positions ahead of May 7 Fed FOMC interest rate decision

May 6, 20250
Key Takeaways:Data shows Bitcoin bulls opening margin long positions from $94,400.A $189 million increase in Bitcoin futures open interest and a 15% increase in trading volume show sustained buying interest.BTC momentum tends to slow before FOMC meetings and then turns volatile afterward. The same could happen following this week’s Federal Reserve statements.Bitcoin (BTC) bulls are...

New Hampshire governor signs crypto reserve bill into law

May 6, 20250
Kelly Ayotte, the Governor of New Hampshire, signed a bill into law allowing the state’s treasurer to invest in cryptocurrencies, including Bitcoin (BTC).In a May 6 notice, Ayotte announced on social media that New Hampshire would be permitted to “invest in cryptocurrency and precious metals” through a bill passed in the state Senate and House...

Solana bull flag, rising stablecoin market cap hint at SOL price rally to $220

May 6, 20250
Key takeaways:Solana’s stablecoin supply rose by 156% in 2025, to hit a new record at $12 billion.Solana’s TVL grew by 25% to $7.65 billion, with 27.7% decentralized exchange volume share, leading Ethereum and BNB Chain.SOL price formed a bull flag, with a price target at $220.Solana’s native token, SOL (SOL) failed to maintain its bullish...

Standard Chartered sees BNB more than doubling in 2025

May 6, 20250
Asset manager Standard Chartered predicts that Binance’s ecosystem token, BNB, could more than double in price this year, according to an analyst report reviewed by Cointelegraph. The asset manager sees BNB’s price rising to approximately $1,275 per token by the end of 2025 and as high as $2,775 by the end of 2028, according to the...
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