Day

May 8, 2025

Missouri bill ending capital gains tax heads to governor for signature

May 8, 20250
Missouri House Bill 594, a bill that would eliminate capital gains tax in the US state, has passed a vote in the state House of Representatives and now heads to Missouri Governor Mike Kehoe’s desk for signature.According to attorney Aaron Brogan, the bill stipulates a 100% income tax deduction for any capital gains income because...

Are layer 2s good for Ethereum, or are they ‘extractive?’

May 8, 20250
Layer 2s have been a great blockchain success story. They’ve reduced congestion on the Ethereum mainnet, driving down gas fees while preserving security.But maybe they’ve become too successful, drawing chain activity and fee income from the parent that spawned them? At least that’s what some are suggesting lately, most recently at Cornell Tech’s blockchain conference...

User experience could be crypto’s superpower—or its kryptonite

May 8, 20250
Opinion by Jonathan Farnell, CEO of FreedxIt’s 2025, and over 560 million people worldwide are already using cryptocurrency — roughly 17 times the population of Tokyo. That’s a vibrant community, yet for every user who’s embraced it, billions more stand on the sidelines, put off by the complicated interactions and clunky interfaces of protocols, platforms,...

Ex-Celsius CEO asks to travel for a wedding after sentencing

May 8, 20250
Former Celsius CEO Alex Mashinsky will probably be allowed to travel for his daughter’s wedding regardless of the outcome of his May 8 sentencing hearing.In a May 8 filing in the US District Court for the Southern District of New York, Judge John Koeltl approved an application for Mashinsky to travel from New York to...

Bitcoin price reclaims $100K for first time since January

May 8, 20250
Bitcoin has reclaimed the $100,000 price level for the first time since January, reflecting renewed bullish sentiment among investors.Bitcoin (BTC) reclaimed the $100,000 mark on May 8 at 3:22 pm UTC, surging 4.2% from the intraday low of $95,967, according to data from CoinGecko.It marked the third time that BTC has broken through the six-figure...

Bitcoin miner Hut 8 grows hashrate 79% despite $134M quarterly loss

May 8, 20250
Cryptocurrency mining firm Hut 8 increased its hashrate by 79% during the first quarter of the year.According to Hut8’s latest quarterly report released on May 8, the firm saw a net loss of $134.3 million despite revenue of $21.8 million. The firm’s CEO, Asher Genoot, explained that this was a result of large-scale investments. “As...

Sweat wallet adds AI assistant, expands to multichain DeFi

May 8, 20250
Sweat, a move-to-earn platform that rewards users for physical activity, has launched a personalized AI agent and expanded its multichain infrastructure. The update is designed to improve user onboarding by offering interactive guidance and simplifying asset management across blockchains.The AI agent, named Mia (short for Movement in Action), is powered by Near.AI — an open-source...

Bitcoin DeFi sees surge in mining participation despite drop in TVL

May 8, 20250
Smart contract platform Rootstock, the home of decentralized finance (DeFi) on Bitcoin, saw a sharp increase in network security and mining engagement in the first quarter of 2025, even as activity cooled.Merged mining participation surged to an all-time high of 81%, up from 56.4% in Q4 2024, driven by the integration of major mining pools...

Browser-based crypto mining in 2025: Still viable or virtually dead?

May 8, 2025, , 0
Key takeawaysAfter the shutdown of Coinhive in 2019, browser mining has made a comeback with new tools like CryptoTab Browser, Pi Network and YouHolder.Mining with a browser can cost more in electricity than the crypto earned, especially for users with mid-range devices.Despite being less energy-intensive than ASIC farms, browser mining still adds up in terms...

Coinbase to acquire options trading platform Deribit for $2.9B

May 8, 20250
Coinbase, the largest cryptocurrency exchange in the US by trading volume, has agreed to acquire Deribit, one of the world’s biggest crypto derivatives trading platforms.Coinbase Global will acquire Deribit for about $2.9 billion, the exchange announced on May 8.The acquisition will allow Coinbase to expand into the profitable crypto derivatives market and continue scaling the...
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