Day

May 9, 2025

Why crypto’s next breakthrough could start in the classroom — Animoca’s Yat Siu

May 9, 20250
Ripple’s $25 million donation to a crypto education fund has reignited conversations about how blockchain projects are building influence through academia—but in the latest episode of Byte-Sized Insight, Animoca Brands’ co-founder Yat Siu says that money alone isn’t enough. Instead, real-world use cases like student loans backed by DeFi may be crypto’s most convincing value proposition...

Senator Tim Scott slams partisan politics for failed stablecoin bill

May 9, 20250
Senate Banking Committee Chairman Tim Scott blamed the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act’s failure on partisan politics during a Senate speech on May 8.Scott said the vote, which failed to reach cloture in the Senate, was expected to mark a step toward greater affordability and innovation. Instead, he said, political...

Taiwan lawmaker calls for Bitcoin reserve at national conference

May 9, 20250
Taiwanese lawmaker Ko Ju-Chun has called on the government to consider adding Bitcoin to its national reserves, suggesting it could serve as a hedge against global economic uncertainty. Ko Ju-Chun, a legislator at-large in Taiwan’s legislative body, the Legislative Yuan, took to X on Friday to report that he advocated for Bitcoin (BTC) investment by...

Bitcoin eyes sub-$100K liquidity — Watch these BTC price levels next

May 9, 20250
Key points:Bitcoin (BTC) is at its highest levels since January, and traders are eyeing key levels to watch for what’s next.After hitting $104,000, BTC/USD is retracing to establish support, but the fate of $100,000 is among the concerns for market participants.Current price action represents an important battleground, as measured from the $75,000 lows this year.”...

How high can Bitcoin price go?

May 9, 2025, , , , , 0
Key takeaways:Bitcoin was up 4.3% on May 9, after breaking $100,000  for the first time since February.BTC price gains trigger $800 million in short liquidations, the largest since 2021.A bull flag on the weekly chart suggests a $182,200 target, with analysts predicting Bitcoin’s price can go as high as $1 million in 2025.Bitcoin’s (BTC) price...

Is Pi Network dead? What really went wrong behind the hype

May 9, 20250
What Pi Network promised When Pi Network first hit the scene in 2019, it had a simple but compelling pitch: What if you could mine cryptocurrency straight from your phone — no expensive gear, no massive electricity bills, just a tap a day on an app?It caught fire. Millions of people jumped on board, lured...

Germany seizes $38M in crypto from Bybit hack-linked eXch exchange

May 9, 20250
German law enforcement seized 34 million euros ($38 million) in cryptocurrency from eXch, a cryptocurrency platform allegedly used to launder funds stolen after Bybit’s record-breaking $1.4 billion hack.The seizure, announced on May 9 by Germany’s Federal Criminal Police Office (BKA) and Frankfurt’s main prosecutor’s office, involved multiple crypto assets, including Bitcoin (BTC), Ether (ETH), Litecoin...

Ether clocks ‘insane’ 20% candle post Pectra — a turning point?

May 9, 20250
Ether surged 20% in the past 24 hours following the launch of the Pectra upgrade, with some crypto traders suggesting the growing number of ETH long positions could mark a “turning point” for the asset that has faced uncertain sentiment throughout most of 2025.At the time of publication, Ether (ETH) is trading at $2,230, up...

Metaplanet is raising another $21M through bonds to buy more Bitcoin

May 9, 20250
Fresh off its most recent Bitcoin purchase, Japanese investment firm Metaplanet is raising more funds through another bond issue to expand its growing crypto treasury.Through a $21.25 million issue of “0% Ordinary Bonds,” the firm said in a May 9 statement that the “funds raised will be allocated to the purchase of Bitcoin.”Zero-coupon bonds don’t...

Bitcoin accepted at fast-food chain Steak ’n Shake from May 16

May 9, 20250
American fast food outlet Steak ‘n Shake has announced it will begin accepting Bitcoin as payment at all locations starting on May 16.The firm said on X on May 9 that it was making the cryptocurrency available to more than 100 million customers, adding that “the movement is just beginning,” before signing off as “Steaktoshi.” The...
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