Day

May 20, 2025

Justin Sun to attend Trump's dinner with memecoin backers

May 20, 20250
After weeks of speculation among crypto enthusiasts and news outlets, Tron founder Justin Sun has claimed he owns the wallet that purchased the largest amount of Donald Trump’s memecoin, allowing him to qualify for a dinner and reception with the US president.In a May 19 X post, Sun said he had received an invitation to...

Bitcoin open interest hits record high as bulls stampede toward new BTC price highs

May 20, 20250
Key takeaways:Bitcoin futures open interest hit a record $72 billion, signaling rising use of leverage among institutional investors.$1.2 billion in shorts at $107,000 to $108,000 are at risk of liquidation, boosting BTC’s breakout odds.The aggregate open interest in Bitcoin (BTC) futures surged to a record high on May 20, raising questions about whether bearish positions...

Bancor files patent infringement lawsuit against Uniswap over DEX tech

May 20, 20250
Bancor, the creator of a smart contract-based automated market maker, is suing Uniswap for patent infringement, alleging the decentralized finance exchange has used its technology without permission and profited significantly from it.According to the May 20 announcement of the lawsuit, Bancor designed the technology in 2016 and patented it in January 2017. The technology underpins...

Ethereum price gained 90% the last time this indicator turned bullish

May 20, 20250
Key Takeaways:Ethereum is forming a bull flag on the daily chart, with a potential breakout above $3,600.If ETH reclaims the 2-week Gaussian Channel mid-line, a 90% rally could occur.Ethereum (ETH) price is consolidating between $2,400 and $2,750 on its daily chart, forming a bull flag pattern with sights on the $3,000 to $3,100 resistance zone....

Coinbase CEO's journey from no 'political causes' to hiring DOGE staff

May 20, 20250
Five years ago, Brian Armstrong wanted employees of his cryptocurrency exchange to refrain from expressing political views at work. Now, the Coinbase CEO seems to be open to involvement with Republican figures, including members of US President Donald Trump’s inner circle.In a May 13 X post, Armstrong said members of the Department of Government Efficiency...

Bitcoin ready to ‘vaporize’ shorts once price discovery above $110K begins

May 20, 20250
Key takeaways:An end-of-month Bitcoin price close above $102,400 would set the highest monthly close ever, proving the bull market continues at a rapid pace.Over $3 billion in Bitcoin short positions are vulnerable above $107,000, creating a “liquidation magnet” that could send BTC price to new highs.Bitcoin (BTC) is 11 days from potentially setting its highest...

SEC crypto task force to release first report 'in the next few months'

May 20, 20250
US Securities and Exchange Commission (SEC) Paul Atkins appeared before lawmakers in one of his first hearings since becoming chair of the financial regulator, addressing questions about his plans for the cryptocurrency industry.In a May 20 hearing discussing oversight of the SEC, Atkins reiterated his pledge to make regulating digital assets a “key priority” while...

Validation Cloud deploys Web3 AI engine on Hedera

May 20, 20250
Artificial intelligence platform Validation Cloud has launched a new large language model on the Hedera network, potentially giving decentralized finance users the ability to reach blockchain data in a more accessible way.The Mavrik-1 AI engine has been deployed on Hedera, with several other planned integrations expected during a public rollout later this year, Validation Cloud’s...

Javier Milei shuts down task force investigating LIBRA scandal

May 20, 20250
Argentine President Javier Milei has dissolved a task force established to investigate the fallout from LIBRA, the scandalous cryptocurrency project the head of state promoted on his social media channel before it crashed to zero. The Investigative Task Force (ITU) was dissolved via a May 19 decree signed by Milei and Justice Minister Mariano Cúneo Libarona,...

The crypto market values chains more than standalone applications

May 20, 20250
Opinion by: Hatu Sheikh, founder of Coin TerminalAlthough blockchains and DApps are critical, crypto industry stakeholders often prioritize applications based on adoption principles and revenue distribution. DApps won’t function without their underlying chains. The markets must uphold blockchains for long-term value generation.The value perspective is wrong Blockchains and DApps should work collaboratively to coordinate their functions...
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