Day

May 12, 2025

FTX EU creditors can now withdraw money from Backpack exchange

May 12, 20250
Crypto exchange Backpack announced that customers of the defunct crypto exchange FTX EU can begin reclaiming their funds through its service.According to a May 12 X post, Backpack now allows FTX EU users who selected it as the redistribution platform to claim their euro balance. Users must first complete Know Your Customer (KYC) verification on...

DeGods NFT founder steps down as collection gains traction

May 12, 20250
The creator of the non-fungible token (NFT) collection DeGods announced that he has stepped down as the CEO of the project amid an uptick in sales for the collection. Rohun Vora, known online as “Frank DeGods” on X, said he has stepped down as the project’s CEO, concluding a three-year stint as the head of one...

Nakamoto Holdings merges with KindlyMD to build Bitcoin treasury

May 12, 20250
Healthcare services provider KindlyMD merged with Bitcoin-native holding company Nakamoto Holdings to build a BTC treasury.According to a May 12 announcement, Nakamoto Holdings — a new company founded by David Bailey, a crypto adviser to US President Donald Trump — plans to build the first global network of Bitcoin (BTC) treasury companies in partnership with...

US crypto funds smash old record amid 4-week inflow streak

May 12, 20250
Cryptocurrency investment products continued receiving healthy inflows last week, attracting $882 million as global crypto funds approached all-time high asset levels.Global crypto exchange-traded products (ETPs) recorded $6.3 billion of inflows in the past four weeks, accounting for 93% of total inflows year-to-date (YTD), according to data from European crypto investment firm CoinShares.Total YTD inflows now...

What is RISC-V, and why does Vitalik Buterin want it for Ethereum smart contracts?

May 12, 20250
What is RISC-V? RISC-V, pronounced “risk five,” is a modern open-source instruction set architecture (ISA) based on reduced instruction set computer (RISC) principles. In simple terms, it’s like a blueprint that defines a set of instructions that a processor can execute.RISC-V is designed to be highly modular, efficient and flexible. Originally developed by the University...

BTC bulls get 'biggest signal' — 5 Things to know in Bitcoin this week

May 12, 20250
Bitcoin (BTC) launches into US CPI week with new multimonth highs as traders dig in for volatility.BTC price action is giving increasingly bullish signals, joined by a key cross on the weekly MACD indicator.The weekly close fell just short of expectations, raising doubts over whether price discovery will return in the immediate future.CPI and PPI...

Crypto custodian BitGo secures MiCA license in Germany

May 12, 20250
Goldman Sachs-backed cryptocurrency custody firm BitGo is the latest cryptocurrency company to secure regulatory approval to operate across the European Union.Germany’s financial regulator, the Federal Financial Supervisory Authority (BaFin), granted BitGo Europe a Markets in Crypto-Assets Regulation (MiCA) license to provide digital asset services in the EU, the firm announced on May 12.The license allows...

What is social engineering in crypto (and how to protect yourself)?

May 12, 20250
Social engineering in crypto, explained In the world of cryptocurrency, security goes beyond just protecting your wallet with a password or private key. One of the most deceptive and increasingly dangerous threats to crypto users today is social engineering.While you might think of cyberattacks as highly technical affairs, social engineering manipulates the most vulnerable aspect...

Ethereum flips Coca-Cola and Alibaba as ETH gains 42% in 5 days

May 12, 20250
Ether’s market capitalization surged 42% in five days following the successful launch of Ethereum’s Pectra upgrade on its mainnet. On May 12, the company data tracker 8marketcap showed Ether (ETH) surpassing Coca-Cola and Alibaba, ranking as the world’s 39th-largest asset by market capitalization. ETH was trading at about $2,550 at publication time, with a market cap...

Can you stake Bitcoin (BTC)? Here’s what you need to know

May 12, 20250
Key takeawaysThough Bitcoin doesn’t support native staking, holders can earn yield through centralized lending platforms, Wrapped Bitcoin (WBTC) on Ethereum, and Bitcoin-related networks like Babylon and Stacks.WBTC allows BTC holders to participate in lending, liquidity pools and yield farming on Ethereum-based DeFi platforms like Aave and Curve but introduces bridge and smart contract risks.Protocols like...
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