Day

May 9, 2025

Solana lacks ‘convincing signs’ of besting Ethereum: Sygnum

May 9, 20250
Solana does not yet have “convincing signs” that it could overtake Ethereum as the blockchain of choice for institutions, as its revenue is seen as unstable due to its memecoin concentration, according to crypto bank group Sygnum.In a May 8 blog post, Sygnum said that the current sentiment around Ethereum “remains poor,” with the market...

Zerebro dev is reportedly alive and at parents’ house: SF Standard

May 9, 20250
The 22-year-old developer of Zerebro, who apparently committed suicide during a livestream on May 4, is actually alive, according to a San Francisco news outlet that claims they spoke to Yu outside his family home. The San Francisco Standard reporter George Kelly claimed on May 8 that he briefly spoke with Yu outside of his family’s...

Apple makes progress toward its first pair of smart glasses: Report

May 9, 20250
Apple is reportedly working on its own microchips across multiple product categories, including smart glasses and artificial intelligence — a hint at what’s next for the massive Silicon Valley-based tech giant. A May 8 report from Bloomberg, citing people familiar with the matter, said the company is working on new processors to power its future...

AI decentralized apps are coming for the Web3 throne: DappRadar

May 9, 20250
AI decentralized apps (DApps) have seen a spike in user activity and could soon challenge gaming and DeFi for the top spot in the DApp ecosystem, according to blockchain analytics platform DappRadar.Gaming and DeFi are both sitting on 21% dominance in April, judged by percentage of unique active wallets, while AI has climbed to 16%,...

Bitcoin at $103K hurtles MARA stack toward $5B, holdings triple

May 9, 20250
Bitcoin mining firm MARA Holdings (MARA) nearly tripled its Bitcoin holdings over 12 months, according to its newly released Q1 results.However, its Bitcoin production fell, and total earnings slightly missed Wall Street estimates in Q1.MARA, formerly Marathon Digital, saw its Bitcoin (BTC) holdings increase to 47,531 BTC, up 175% from the 17,320 BTC the firm...

Rumble CEO confirms Tether-collab crypto wallet to launch in Q3

May 9, 20250
Rumble’s pro-crypto founder and CEO has confirmed that the firm will launch its Bitcoin and stablecoin wallet in the third quarter of this year, aimed at giving the Coinbase Wallet a run for its money. The Rumble Wallet will be launched in partnership with stablecoin issuer Tether and compete directly with Coinbase, Chris Pavlovski said in...

US man who sent crypto to ISIS could serve prison till he’s 65

May 9, 20250
A man from the US state of Virginia will spend over three decades behind bars after being convicted of sending crypto to the terrorist organization commonly known as the Islamic State of Iraq and Syria.Federal Judge David Novak sentenced Mohammed Azharuddin Chhipa to 30 years and four months in prison on May 7 for sending...

Coinbase revenue falls 10% in Q1, missing industry estimate

May 9, 20250
Crypto exchange Coinbase’s total revenue fell 10% quarter-over-quarter to $2 billion in Q1, missing industry estimates by 4.1% as trading activity slowed across the market.Coinbase’s net income was sliced by 95% from a near-company record $1.29 billion in Q4 to $66 million, in a large part due to Coinbase marking a $596 million paper loss...

SEC’s Crenshaw slams Ripple settlement, warns of ‘regulatory vacuum’

May 9, 20250
A crypto-skeptical commissioner at the US Securities and Exchange Commission has blasted her agency over its settlement letter that could finally end the Ripple legal saga. The SEC and Ripple filed a joint settlement letter in a New York court asking for the August 2024 injunction against Ripple to be dissolved and $75 million of...
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