Day

May 7, 2025

Robinhood plans blockchain for US asset trading in Europe — Report

May 7, 20250
Brokerage fintech Robinhood is reportedly developing a blockchain network that will enable retail investors in Europe to trade US securities.According to a May 7 Bloomberg report citing sources familiar with the matter, the move seeks to expand the company’s local presence by offering trading of tokenized securities, such as stocks. Two crypto firms, Arbitrum and...

Stripe rolls out stablecoin accounts in over 100 countries

May 7, 20250
Stripe, a global payments platform, has introduced stablecoin-based accounts to clients in over 100 countries. According to a May 7 announcement, the new feature will allow the platform’s clients “to send, receive, and hold US-dollar stablecoin account balances, similar to how a traditional fiat bank account works.”The product’s technical page shows that the new account...

Binance's BNB Chain rebounds amid institutional, DeFi adoption

May 7, 20250
Binance-affiliated BNB Chain has rebounded after a period of stagnation in 2023 amid accelerating institutional and decentralized finance (DeFi) adoption. During the past year, BNB Chain has benefited from multibillion-dollar inflows into DeFi, US exchange-traded funds (ETFs), and rising trading volume at affiliated centralized exchange (CEX) Binance. Consequently, the blockchain network’s native BNB token (BNB) has emerged...

Ex-SafeMoon CEO claims innocence, blames founder as trial begins

May 7, 20250
Braden John Karony, the former CEO of crypto firm SafeMoon, made an out-of-court statement claiming innocence as his criminal trial began in New York.In a May 6 X post after court proceedings had likely ended for the day, Karony said he was innocent and “did not commit fraud” in response to media coverage of his...

Falling DXY part of US financial system’s ‘long-term transition’ — Will Bitcoin continue to shine?

May 7, 20250
What to know:Lyn Alden says a weaker dollar is necessary for the US to stabilize its financial system.Bitcoin and gold are well-positioned to benefit from de-dollarization.Sovereign wealth funds and various nations are already increasing their Bitcoin exposure as the dollar’s global dominance starts to wane.The weakening of the US dollar (DXY) is no longer headline...

$45 million stolen from Coinbase users in the last week — ZackXBT

May 7, 20250
Onchain sleuth and security analyst ZackXBT claims to have identified an additional $45 million in funds stolen from Coinbase users through social engineering scams in the past seven days alone.According to the onchain detective, the $45 million figure represents the latest financial losses in a string of social engineering scams targeting Coinbase users, which ZackXBT...

Ethereum Pectra upgrade adds new features — How long before ETH price reacts?

May 7, 20250
Key takeaways:Reclaiming the $2,200 level remains the first price challenge for ETH. ETH price could recover if the Pectra upgrade leads to a surge in DApp and Ethereum network activity. Ethereum successfully implemented a key network upgrade on May 7, but Ether (ETH) price and its derivatives metrics showed little response to the upgrade. The lackluster response...

US Treasury Secretary expresses support for crypto bills at hearing

May 7, 20250
Speaking at a hearing, US Treasury Secretary Scott Bessent toed the party line in suggesting support for two crypto-related bills moving through Congress.Bessent addressed lawmakers at a May 7 hearing of the House Financial Services Committee, saying that the United States should be the “premier destination for digital assets” in response to a question about...

Strive to become Bitcoin treasury company

May 7, 20250
Strive Asset Management, founded by entrepreneur and former presidential candidate Vivek Ramaswamy, has revealed plans to transition into a Bitcoin treasury company.According to a May 7 announcement, Strive is going public through a reverse merger and plans to use the combined company’s stock to accumulate Bitcoin (BTC).The deal will see Strive merging with Asset Entities...

Bitcoin 'Realized Cap' hits $890B as BTC traders focus on recapturing $100K

May 7, 20250
Key Takeaways: Bitcoin’s realized capitalization hit a record $890 billion, reflecting strong investor conviction as long-term and short-term holders increased allocations. Large Bitcoin holders with over 1,000 BTC have accumulated significantly since March 2025, reflecting the Q1 2024 trend. Bitcoin (BTC) price saw a short-squeeze above $97,000 on May 6, shortly after US Treasury Secretary...
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