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Bitcoin lags S&P 500 gains as federal court rules Trump exceeded authority on tariffs without Congress
A US federal court has delivered a sweeping rebuke to former President Donald Trump’s signature trade policy, ruling that his administration’s imposition of tariffs under the guise of a national emergency exceeded constitutional authority. The landmark decision from the US Court of International Trade immediately throws Trump’s tariff regime into legal limbo and global trade […]
International EV battery company to create $121M XRP treasury, adds former Ripple to board as chairman
VivoPower International announced on May 28 that it had agreed with investors for a $121 million private capital raise to fund the company’s transition into an XRP-focused treasury platform. The company focuses on electric batteries, vehicles, and solar power solutions. Its subsidiary, Tembo, produces electric vehicles focused on "ruggedised electric mobility" for the mining and […]
Solana’s negative funding rate hints a volatile price action
Key takeaways: Historical chart patterns and the Fibonacci Retracement metric hint at a Solana price rally to $300. Solana’s $7.5 billion in futures open interest and negative funding rates could be a sign that a powerful short squeeze is in the making. Solana (SOL) price tested the $180 resistance level on May 11, but it […]
Ethereum’s $2.4 billion options expiry could spark a rally
Key takeaways: 97% of ETH put options will expire worthless if ETH holds above $2,600. A bullish ETH price outcome could be limited by macroeconomic factors and trading strategies that cap Ether gains. On May 30, $2.4 billion in Ether (ETH) options will expire—an event that could support ETH’s attempt to break above the $2,700 […]
Bitcoin eyes $120,000 price zone as exchange flows, leverage surge
Bitcoin’s (BTC) on-chain activity has intensified as the asset consolidates near $108,000, with $120,000 emerging as the next major price zone of interest. Glassnode’s May 28 report highlighted elevated investor profitability, rising accumulation, and robust exchange flows. These conditions resemble past bull market peaks. Bitcoin hit a new all-time high of $111,000 before pulling back […]
Bitcoin enters a consolidation phase as traders take profit
Key point: Bitcoin (BTC) remains pinned below the breakout level of $109,588, indicating that the bears are fiercely defending the level. Bitfinex analysts said in a market note that profit-taking generally follows after Bitcoin hits a new all-time high after a sharp rally. The report added that a mild retracement or consolidation would be healthy […]
JD Vance declares 'Operation Chokepoint 2.0' dead, pledges crypto market clarity
US Vice President JD Vance on May 28 said Operation Chokepoint 2.0 is “dead,” using his address at the 2025 Bitcoin Conference in Las Vegas to declare the end of federal regulatory actions that targeted the crypto sector and the beginning of legislative support for this industry. Vance said the President Donald Trump administration has […]
SEC’s next crypto roundtable to host DeFi dialogue addressing autonomy in regulation
The US Securities and Exchange Commission released the agenda for its upcoming roundtable, "DeFi and the American Spirit,” scheduled for June 9 at its Washington, D.C. headquarters. Organized by the agency’s Crypto Task Force, the half-day event is the fifth in an ongoing series designed to explore regulatory approaches to digital assets. The latest session […]
BlackRock reportedly plans to acquire a 10% stake in Circle’s upcoming IPO
BlackRock plans to acquire approximately 10% of the shares offered in Circle’s initial public offering (IPO), Bloomberg News reported on May 28. People familiar with the matter said Circle and its shareholders, including co-founder and CEO Jeremy Allaire, are seeking to raise $624 million through the offering. Orders for the offering have reportedly exceeded the […]
US Labor Department dials back crypto warning for retirement plans
The US Department of Labor (DOL) formally rescinded a 2022 compliance release that discouraged fiduciaries from offering crypto investment options in 401(k) retirement plans, according to a May 28 announcement. The decision withdraws “Compliance Assistance Release No. 2022-01,” which directed fiduciaries to exercise “extreme care” before including digital assets in retirement plan investment menus. Neutrality restored […]
El Salvador continues to resists IMF pressure to halt Bitcoin accumulation
The International Monetary Fund (IMF) has again called on El Salvador to keep its Bitcoin holdings unchanged. In a statement released on May 27, the IMF said government-owned wallets must not increase their BTC reserves and also urged the country to fully exit its role in the Chivo wallet by the end of July. According […]
Ripple donates ‘Skull of Satoshi’ sculpture to foster unity with Bitcoin community
Ripple has donated the controversial "Skull of Satoshi" sculpture to the Bitcoin community in a symbolic move to foster cross-chain unity. The donation was made during the Bitcoin Conference on May 28, marking an unexpected collaboration moment between two long-standing crypto industry rivals. Ripple CEO Brad Garlinghouse described the move as a symbolic gesture to […]
TON jumps 16% as Telegram gets $300M plus xAI equity to integrate Grok
Telegram is no longer just a privacy-first chat app for crypto bros. With a dramatic one-two punch, a $300 million alliance with Elon Musk’s xAI and a $1.5 billion high-yield bond raise, Telegram has moved from insurgent platform to profit engine. TON jumped 15% after Durov confirmed the collaboration. Yet its future, including IPO prospects, […]
Ripple challenges SEC’s decentralization focus, proposes network maturity standard
Ripple has called on the US Securities and Exchange Commission (SEC) to establish clearer standards for determining when a digital asset no longer qualifies as part of an investment contract. The company submitted a detailed letter to the SEC’s Crypto Assets and Cyber Unit on May 27, expanding on a question raised by Commissioner Hester […]
GameStop propelled into top 15 Bitcoin holders, with 4,710 BTC purchase
GameStop has taken a bold step into the crypto space, confirming that it has purchased 4,710 Bitcoin, according to a May 28 statement. According to Bitcoin Treasuries data, this move places GameStop among the top 13 public companies holding Bitcoin, surpassing other entrants like Semler Scientific. Google Finance data shows the company's stock climbed roughly […]
Bitcoin Power-Law model points to 40% gain in Metaplanet stock – Here’s why
Japanese “Bitcoin-first” firm Metaplanet just lifted its treasury to 7,800 BTC (≈$842 million) after a $50 million purchase. It has now overtaken El Salvador as Asia’s largest corporate holder. On X, Metaplanet investor TakaAnikuni applied a power-law fit that links a company’s BTC-denominated Net Asset Value (BTC NAV) to its equity market cap: mNAV ≈ e[(0.89 […]
ZachXBT exposes Hyperliquid high-risk trader James Wynn’s alleged hypocrisy and deceptive tactics
Blockchain investigator ZachXBT has publicly accused high-risk trader James Wynn of hypocrisy and deceptive trading practices. In a May 28 post on X, ZachXBT alleged that Wynn, who recently condemned scam tokens tied to his name, had previously engaged in similar pump-and-dump tactics involving memecoins. The controversy started after Wynn warned his followers about a […]
The rise and fall of NFTs
The post The rise and fall of NFTs appeared first on CryptoSlate. 🔐 Hardware Wallet Tip: Keep your SOL safe with a Ledger Nano X — the wallet trusted by millions of crypto users.
Kidnappers arrested for 2 week torture of tourist in NY luxury mansion to get Bitcoin keys
An Italian tourist’s barefoot dash onto a SoHo sidewalk has cracked open one of the most violent crypto-ransom plots ever seen in New York City. With the surrender of William Duplessie, 32, on Tuesday, police say they have now charged two business partners who allegedly imprisoned and tortured the 28-year-old for 17 days in a […]
Texas lawmakers finalize details on Bitcoin reserve, removes staking ahead of final vote
Texas legislators have moved closer to formalizing a Bitcoin reserve for the state. On May 27, a joint Conference Committee composed of House and Senate lawmakers reached an agreement on the final version of Senate Bill 21 (SB 21), dubbed the Texas Strategic Bitcoin Reserve Act. According to the committee, one of the most significant […]