Day

May 18, 2025

Bitcoin impulse move toward new highs sets a fire under HYPE, ETH, XMR and AAVE

May 18, 20250
Key points:Bitcoin’s rally to $105,980 has traders predicting new all-time highs this week. Traders lift their end-of-year Bitcoin price targets to $200,000 based on technical factors and institutional investor adoption. Bitcoin (BTC) has been stuck in a narrow range for the past few days, but the rally above $105,500 on May 18 increases the possibility of...

Tornado Cash dev's attorneys say prosecutors hid exculpatory evidence

May 18, 20250
Attorneys for Tornado Cash developer Roman Storm filed a motion asking the court to reconsider the motion to dismiss the case due to the prosecution withholding exculpatory evidence in the form of communications with the Financial Crimes Enforcement Network (FinCEN) dating back to 2023.According to a May 16 letter from Storm’s attorneys to Judge Katherine...

Pavel Durov rejects EU pressure to censor Romanian election content

May 18, 20250
Telegram founder Pavel Durov said he rejected pressure from a European Union (EU) country to censor political content on the social media platform ahead of the May 18 presidential elections in Romania.According to Durov, a Western European government, which he hinted at with a baguette emoji, approached the platform and requested it censor conservative voices,...

Crypto execs beef up security following string of kidnappings: Report

May 18, 20250
Crypto industry executives are beefing up personal security and demanding more bodyguard services in response to a recent string of kidnapping and ransom attempts worldwide — particularly in France — targeting investors and professionals in the sector.According to a Bloomberg report, Infinite Risks International, a private security firm based in Amsterdam, Netherlands, is seeing more...

Don’t believe the noise: There can never be too many L2s

May 18, 20250
Opinion by: Igor Mandrigin, co-founder and CTPO of Gateway.fmEvery couple of weeks, it seems another layer 2 rolls out, much to the chagrin of some Web3 industry commentators who are concerned about fragmentation. A recent Gemini Institutional Insights report actually noted how a new Ethereum L2 solution is launched approximately every 19 days. In response...

Ethereum back to $3K in May? Latest rebound says ETH price 'still has more gas'

May 18, 20250
Key points:Ether price rose 3% to $2,550 on May 18, triggering $22 million in short ETH liquidations.A bull flag on the chart suggests a $3,700 target, with analysts predicting Bitcoin’s price to go as high as $5,000 in May.Ether’s (ETH) price was up on May 18, rising more than 2.5% over the last 24 hours...

BTC price to $116K next? Bitcoin trader sees 'early week' all-time high

May 18, 20250
Key points:Bitcoin is convincing traders that an upside breakout is around the corner, with all-time highs in sight.One target demands $116,000 next week, moving BTC/USD firmly out of its narrow range.A quick dip before continuing higher is among the options for BTC price action into the new week.Bitcoin (BTC) reduced volatility to a minimum into...

Retired artist loses $2M in crypto to Coinbase impersonator

May 18, 20250
Retired artist Ed Suman lost over $2 million in cryptocurrency earlier this year after falling victim to a scam involving someone posing as a Coinbase support representative.Suman, 67, spent nearly two decades as a fabricator in the art world, helping build high-profile works such as Jeff Koons’ Balloon Dog sculptures, according to a May 17...

‘Bitcoin Standard’ author backs funding dev to make spamming Bitcoin costly

May 18, 20250
Economist and author of The Bitcoin Standard, Saifedean Ammous, has weighed in on the ongoing debate over spam inscriptions on the Bitcoin network, suggesting he would “throw in a few sats” to fund a full-time developer focused on making Bitcoin spamming more difficult and expensive.Ammous made the remarks in response to a thread initiated by the...

World Liberty Financial brushes off oversight concerns from Congress

May 18, 20250
Zach Witkoff, one of the co-founders of the Donald Trump family-backed crypto platform World Liberty Financial (WLFI), has rebuffed efforts by US lawmakers to investigate the president’s potential conflicts of interest.In a May 15 letter to Senator Richard Blumenthal, lawyers for World Liberty Financial claimed a call to investigate the crypto platform was based on...
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