Day

May 12, 2025

Bitcoin set for $150K BTC price rally as US, China agree to slash tariffs

May 12, 20250
Key takeaways:Bitcoin broke above $105,700 after the US and China agreed to slash tariffs.A confirmed bull flag breakout on the weekly chart projects a $150,000.Bitwise’s sentiment index warns of potential short-term overheating.Bitcoin (BTC) bulls cheered a major development in the ongoing US-China tariff talks, with the cryptocurrency climbing over the $105,700 mark on May 12...

Teens kidnap Las Vegas man at gunpoint, stealing $4M in crypto

May 12, 20250
Three teenagers have been accused of kidnapping a man at gunpoint after he was returning from a crypto event in Las Vegas, before driving him an hour outside of the city and robbing him of $4 million in crypto and non-fungible tokens.According to police, the incident occurred last November. The victim had finished hosting a...

DeFi lending TVL is outpacing DEXs due to more sustainable yield — VC

May 12, 20250
Crypto users could be looking for a more sustainable yield this cycle, as total value locked in decentralized finance (DeFi) lending continues to hit new highs while decentralized exchanges (DEXs) have lagged in comparison.DeFi lending protocols are currently the leading DeFi vertical in TVL at $53.6 billion, representing 43% of the $124.6 billion locked across...

Uniswap becomes first DEX to hit $3T in all-time volume

May 12, 20250
Decentralized exchange Uniswap has hit a whopping $3 trillion in aggregate all-time volume, the first decentralized exchange to hit the number. Uniswap founder Hayden Adams noted the achievement in an X post on May 12, which included a screenshot of a Dune Analytics dashboard counting down to the milestone. Uniswap also has a current daily volume of...

Feds deny late disclosure of evidence in Samourai Wallet case

May 12, 20250
US federal prosecutors have rebutted claims they suppressed evidence in their case against the co-founders of the crypto mixing service Samourai Wallet, arguing their disclosure of a conversation with Treasury Department staff was made within the required timeframes. In a May 9 letter to a Manhattan federal court, prosecutors opposed a request for a hearing, claiming...

Metaplanet now holds more Bitcoin than El Salvador

May 12, 20250
Japanese investment firm Metaplanet has added another $129 million to its Bitcoin treasury, pushing its total holdings past the Bitcoin-stacking country of El Salvador. “Metaplanet now holds more Bitcoin than El Salvador. From humble beginnings to rivaling nation-states, we’re just getting started,” said CEO Simon Gerovich on X after the latest purchase announcement. On May 12, the...

US-China trade deal could shed light on Bitcoin’s use case: Trader

May 12, 20250
Bitcoin’s potential price reaction to a trade deal between the United States and China could give insights into whether Bitcoin is being used as a safe-haven asset in the current market. Bitcoin (BTC) outperformed stocks and held up “incredibly strong” during a sharp sell-off on stock markets in April, following Donald Trump’s announcement of tariffs...

‘Dark stablecoins’ could emerge as regulations tighten

May 12, 20250
Censorship-resistant “dark stablecoins” could come in increasing demand as governments tighten their oversight of the industry. Stablecoins have been used for various groups to store assets due to a lack of government interference; however, with regulations pending, that could soon change, Ki Young Ju, CEO of crypto analytics firm CryptoQuant, said in a May 11 X...

Stablecoin bill gets second chance with Northern Mariana lawmakers

May 12, 20250
Tinian, a small island in the US territory of the Northern Mariana Islands, could get a second chance at launching a stablecoin after the territory’s Senate voted to override the governor’s earlier veto of its stablecoin bill.On May 9, the Northern Mariana Islands Senate voted 7-1 to override Governor Arnold Palacios’ April 11 veto of...

Ledger secures Discord after hacker bot tried to steal seed phrases

May 12, 20250
Hardware wallet provider Ledger has confirmed its Discord server is secure again after an attacker compromised a moderator’s account to post scam links on May 11 to trick users into revealing their seed phrases on a third-party website.“One of our contracted moderators had their account compromised, which allowed a malicious bot to post scam links...
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