Day

May 10, 2025

El Salvador stacks 7 Bitcoin in last week, despite IMF deal

May 10, 20250
The government of El Salvador continues stacking Bitcoin (BTC) for its national crypto reserve, despite an ongoing deal with the International Monetary Fund (IMF) stipulating that the Central American country stop using public funds to purchase Bitcoin as one of the conditions for a loan agreement.According to data from the El Salvador Bitcoin Office, the...

Bitcoin SV investors attempt to resurrect 2019 Binance lawsuit

May 10, 20250
Investors of Bitcoin Satoshi’s Vision (BSV) — a hard fork of Bitcoin Cash (BCH), which itself is a hard fork of the Bitcoin (BTC) protocol, are attempting to revive a 2019 lawsuit against crypto exchange Binance for delisting the altcoin, which the litigants claim stunted the price of BSV.  According to Law360, attorneys for the plaintiffs...

Bitcoin now deflationary due to Strategy's BTC purchases — Analyst

May 10, 20250
Strategy, a Bitcoin (BTC) treasury company, is accumulating Bitcoin at a faster rate than total miner output, giving the supply-capped asset a -2.33% annual deflation rate, according to CryptoQuant CEO and market analyst Ki Young Ju.”Their 555,000 BTC is illiquid with no plans to sell,” the analyst wrote in a May 10 X post. “Strategy’s...

4chan rises from the dead: How the imageboard moves crypto markets

May 10, 20250
After 4chan was hacked on April 14 and vast troves of user and moderator data were leaked online, the controversial website quickly went down, and many believed it would never recover. However, less than two weeks later, the imageboard was back online, defiant as ever.“4chan is back,” an official blog post proclaimed. “No other website...

In volatile markets, RWAs like gold are a lifeline

May 10, 20250
Opinion by: Kevin Rusher, founder of RAACIt’s a volatile world out there. This year, we’ve seen stocks take a wild ride as gold has pumped and crypto has been caught somewhere in the middle. Investors have dumped risk assets and scrambled for safe havens. Gold is leading the charge.While gold is safe, it is not...

Bitcoin hits $103K but DeFi is a mixed bag: Finance Redefined

May 10, 20250
The cryptocurrency market continued to surge this past week as the overall digital asset market capitalization exceeded $3.27 trillion, an 8.6% increase over the previous week.Bitcoin (BTC) reached a high of $103,600 on May 8 after reclaiming $100,000 for the first time since January. Its market dominance also surged above 60%, reflecting more bullish BTC...

Bitcoin price rallies as global liquidity growth accelerates — Analysts

May 10, 20250
Key takeaways:Bitcoin’s price closely tracks global liquidity growth, with liquidity explaining up to 90% of its price movements, according to Raoul Pal.In the long term, global liquidity continues to expand, driven by the increasing debt levels in many countries.On a shorter timeframe, global liquidity follows a cyclical pattern, with Michael Howell projecting the current cycle...

Crypto sleuth ZachXBT says wrong suspect detained in Bored Ape NFT theft

May 10, 20250
Law enforcement detained the wrong person for a 2022 scam that pilfered more than $1 million worth of Bored Ape non-fungible tokens (NFTs), cybersecurity researcher ZachXBT said. In a May 9 X post, ZachXBT said he identified the wallet behind the scam and linked it to an X account that has since been deleted. But in 2023,...

US senators ask DOJ, Treasury to consider Binance-Trump ties — Report

May 10, 20250
A group of Democratic senators has reportedly sent a letter to leadership at the US Department of Justice and the Treasury Department expressing concerns about US President Donald Trump’s ties to cryptocurrency exchange Binance and potential conflicts of interest in regulating the industry. According to a May 9 Bloomberg report, Democratic senators asked Attorney General...

Ethereum's new staking limit not a risk to decentralization: Consensys researcher

May 10, 20250
Ethereum’s Pectra upgrade doesn’t pose a threat to decentralization, according to Mallesh Pai, senior research director at blockchain software firm Consensys, describing the update as a cleanup of the behind-the-scenes “busy work” currently handled by validators. During a May 9 Cointelegraph X Space, Pai said a validator’s chances of proposing a block or earning rewards...
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