Day

May 7, 2025

Hacken CEO sees ‘no shift’ in crypto security as April hacks hit $357M

May 7, 20250
Despite the $1.4 billion lost in the recent Bybit hack, crypto companies have not changed their approach to cybersecurity, according to Hacken CEO Dyma Budorin. In an interview with Cointelegraph at the Token2049 event in Dubai, Budorin said the industry continues to rely on limited measures such as bug bounties and penetration tests, rather than implementing...

Movement Labs terminates co-founder Rushi Manche, launches new firm

May 7, 20250
Movement Labs confirmed the termination of its co-founder, Rushi Manche, following controversies over a market maker deal that he brokered.Movement Labs made the announcement in a May 7 X post, stating it had “terminated Rushi Manche.” The project said it “will continue under a different leadership.” The post also hints at upcoming governance changes.The termination...

Metaplanet reaches 5,555 Bitcoin milestone with latest 555 BTC buy

May 7, 20250
Japan’s Metaplanet has purchased an additional 555 Bitcoin as part of its aggressive accumulation strategy, bringing its total holdings to 5,555 BTC — valued at over $536 million at current prices.On May 7, the Tokyo-listed firm disclosed that it spent $53.4 million acquiring 555 Bitcoin (BTC) at an average price of $96,134. The company now...

Bigger Bitcoin wallets are stacking while others sell: Santiment

May 7, 20250
Key takeaways:Large Bitcoin holders have accumulated 81,338 BTC over the past six weeks, showing confidence in a future price uptrend.Wallets with less than 0.1 BTC sold around 290 BTC, indicating smaller retail investors are either panic selling or selling out of boredom. Spot Bitcoin ETFs have seen $4.41 billion in inflows since March 26.While larger Bitcoin...

Voltage Finance exploiter moves $182K in ETH to Tornado Cash

May 7, 20250
A hacker involved in the $4.67 million exploit of the decentralized finance lending protocol Voltage Finance in 2022 has moved some of the stolen Ether to Tornado Cash after a short hibernation. Blockchain security firm CertiK said in a May 6 post to X that the 100 Ether (ETH), worth $182,783 at current prices, was moved...

South Korea presidential front-runner pledges to approve Bitcoin ETFs

May 7, 20250
South Korea’s Democratic Party leader Lee Jae-myung has reportedly become the latest presidential candidate to promise the approval of spot crypto exchange-traded funds (ETFs) and other crypto-friendly measures, should he be elected.Lee announced his crypto promises on May 6 as part of a broader initiative to provide more investment opportunities for Korea’s youth, one of...

BlackRock Bitcoin ETF clocks 16 days of inflow as BTC reclaims $97K

May 7, 20250
Investors have been piling into BlackRock’s spot Bitcoin exchange-traded fund for over three weeks straight, culminating in the asset’s run up to $97,000 on May 7.The BlackRock iShares Bitcoin Trust has seen 16 days of inflows for the spot BTC ETF, with a further 280 Bitcoin (BTC) or around $36 million piling into the fund...

Bitcoin must hold above $95K or face short-term rejection: Bitfinex

May 7, 20250
Key takeaways:Bitcoin must maintain above $95,000 to have a chance at retesting its $109,000 all-time high; failure to hold could lead to a deeper correction, crypto analysts warn.Several crypto analysts told Cointelegraph in March that Bitcoin may have a chance of reaching new all-time highs in June.The upcoming Federal Reserve decision on May 7 could...

Coinbase x402 payments protocol to make AI agents more autonomous

May 7, 20250
Coinbase has introduced a new payments protocol for online payments that enables stablecoin transfers over standard internet protocols and AI agents to transact autonomously.  On May 6, Coinbase announced that it is launching a protocol called x402 for instant stablecoin payments directly over the internet communication protocol HTTP (Hypertext Transfer Protocol).It allows Application Programming Interface (APIs),...

World Liberty Financial floats USD1 airdrop to WLFI holders

May 7, 20250
Trump family-backed crypto platform World Liberty Financial (WLFI) is proposing to airdrop a small amount of its new US dollar-pegged stablecoin to reward early WLFI holders in a test of its airdrop mechanism. With over 99% of votes in favor of the proposal already, the airdrop will distribute a small amount of USD1 to eligible...
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