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SEC Chair Atkins reiterates need to overhaul crypto rules, pledges to end ‘regulation by enforcement’
Securities and Exchange Commission Chairman Paul Atkins called for a sweeping modernization of US crypto asset policy, outlining a three-part strategy to overhaul regulations for issuance, custody, and trading. He made the statement during his keynote address at the SEC Crypto Task Force's latest roundtable on May 12, which covered tokenization and its potential to […]
Pumpfun launches creator rewards, $7M potential based on April volume
Pump.fun introduced a revenue-sharing mechanism for token creators on May 12, enabling them to collect 0.05% of trading volume in Solana (SOL) from transactions conducted on PumpSwap. To qualify for earnings, a token must meet at least one of three criteria: It must be newly created, still trading on Pump.fun’s bonding curve, or previously graduated […]
AI search startup Perplexity on track for massive $14 billion valuation – WSJ
Artificial intelligence search startup Perplexity is reportedly in advanced talks to raise $500 million in a new funding round that would value the company at $14 billion, the Wall Street Journal reported, citing people familiar with the matter. The round is expected to be led by venture capital giant Accel, with continued backing from Nvidia, […]
XRP outperforms crypto market with 10% jump as open interest surges past $5B
XRP has climbed more than 10% over the past 24 hours to outperform the broader crypto market. According to CryptoSlate data, the token jumped to $2.59, its highest price since March. The surge triggered more than $20 million in liquidations across derivatives platforms, based on Coinglass data. XRP’s open interest rises XRP’s momentum comes amid […]
Pi Network's market cap leaps $7 billion as token skyrockets 110% in a week amid market buzz
Pi Network’s token is drawing attention after rallying over 110% in just one week, buoyed by a wider crypto market upswing. According to CryptoSlate’s data, the token, which had dropped to a low of $0.40 in April, rebounded strongly to cross the $1 threshold and peaked at $1.53 during the latest rally. This marks the […]
Strategy and Metaplanet purchase combined 15,000 BTC for nearly $1.5 billion as Bitcoin rallies
Bitcoin’s steady rise amid easing macroeconomic pressures is drawing renewed interest from institutional giants. On May 12, Japan’s Metaplanet and US-based Strategy (formerly MicroStrategy) each confirmed large Bitcoin purchases, signaling deepening institutional confidence in the digital asset. Together, the two firms added nearly 15,000 BTC to their treasuries, reinforcing Bitcoin’s appeal as a hedge in […]
Trump family-backed Bitcoin reserve company American BTC to go public this year
American Bitcoin, a majority-owned subsidiary of Hut 8 and associated with the Trump family, is set to become a publicly traded entity through a merger with Gryphon Digital Mining. The stock-for-stock transaction will result in American Bitcoin taking over Gryphon's public listing. The combined company is expected to trade on Nasdaq under the ticker “ABTC” […]
Ethereum outshines Bitcoin with surprise rally past $2,500
Ethereum is back in the spotlight after jumping 42% over the past week to trade above $2,500, a level it hasn’t touched since March. This marks one of its most notable breakouts in over a year, signaling renewed investor confidence. On-chain data from Sentora (formerly IntoTheBlock) shows that this rally has pushed more than 60% […]
DeGods NFT founder steps down as collection gains traction
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. 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 of the […]
Institutional investors globally contributed $882 million to surge in crypto investments last week
Institutional appetite for digital assets is gaining momentum, with crypto investment products recording $882 million in inflows last week. According to new data from CoinShares, this marks the fourth straight week of positive flows. In 2025, digital asset investments have seen total inflows of $6.7 billion, which is rapidly approaching the $7.3 billion high set […]
FTX EU victims can now withdraw trapped Euros via Backpack but crypto withdrawals remain blocked
Backpack has officially opened the withdrawal window for former FTX EU customers, marking a major step in returning lost funds to the defunct exchange users across Europe. The claims process went live on May 12, following Backpack's earlier acquisition of FTX's European arm in January 2025. According to a notice on its website, the exchange […]
Hyperliquid hits $6B in open interest as Bitcoin tests $105k near price discovery
Decentralized trading platform Hyperliquid has hit a new high, crossing $6 billion in open interest, according to figures from CoinGlass. The surge came just a day after Hyperliquid reported that open interest volume on its platform reached an all-time high of $5.6 billion. According to CoinGlass data, Bitcoin holds the dominant position on Hyperliquid with […]
China confirms US tariff suspension, Bitcoin nears ATH with huge green candle to $105k
Bitcoin opened the week with a strong hourly move, climbing 1.7% to reach $105,705 in early Monday trading. The surge brought the asset to its highest level since January’s all-time high of $109,356, adding fresh momentum following a month of sideways movement. The one-hour candle, printed between 07:00 and 08:00 UTC, carried Bitcoin from approximately […]
Crypto’s energy problem may have a DePIN solution
The following is a guest post and opinion by Ruchir Punjabi, Co-Founder at ReNRG. Crypto, for all its growth, has an energy reputation problem. The proof-of-work era left a lingering carbon footprint, and while the industry has largely pivoted to more efficient mechanisms, the perception persists. Yet within the technology that birthed this conundrum lies […]
Ethereum hitting $10K 'can't be ruled out' as ETH eyes sharp gains versus SOL, XRP
Key takeaways: Ether has rebounded from key parabolic and triangle support levels, reviving the case for a $10,000 breakout. Historical fractals and RSI recovery mirror past pre-rally setups seen in 2016 and 2020. Altseason signals and strength against rivals like SOL and XRP boost Ethereum’s potential to outperform. Ether (ETH), Ethereum’s native token, has soared […]
Bitcoin yield without the leap of faith
The following is a guest post and opinion by Hong Sun, Head of Institutional at Core DAO. Traditional financial institutions have begun to benefit from Bitcoin’s price appreciation — but they’re doing so in suboptimal ways. Most are sitting on Bitcoin as if it were cash, content with price exposure while overlooking its productive potential. […]
Conviction over doubt: Yat Siu on building web3’s most influential unicorn
Welcome to Slate Sundays, CryptoSlate’s new weekly feature showcasing in-depth interviews, expert analysis, and thought-provoking op-eds that go beyond the headlines to explore the ideas and voices shaping the future of crypto. Co-founder and executive chairman of web3 gaming unicorn Animoca Brands, few people in crypto haven’t heard of Yat Siu—with the exception of the […]
Will nation-states use AI to usher in apocalypse?
The following is a guest post and opinion of Manouk Termaaten, Founder and CEO of Vertical Studio AI Governments are using AI for disinformation—an unethical, authoritarian use with grave implications for freedom and truth around the world. The fact that nation-states use AI for disinformation has major implications for freedom of thought, free elections, and the […]
Concerns over Trump’s conflict of interest are slowing the progress of broader crypto policy
Discussions around the personal enrichment and potential conflict of interest arising from U.S. President Donald Trump’s crypto asset ventures gained steam over the past week. These concerns are slowing not only the progress of the stablecoin legislation but also broader crypto policy. The founder of fintech venture capital fund Launchpad Capital, Ryan Gilbert, told CNBC: “It’s […]
98% of Tokens on Pump.fun Are Rug Pulls or Fraud: Report
A new report from Solidus Labs has exposed a huge amount of what it calls “fraudulent” activity on the Solana blockchain. The findings revealed that 98.6% of tokens launched on Pump.fun could be classified as either rug pulls or pump-and-dump schemes. Solana: A Hotbed for Meme Coin Scams? In its report, the crypto surveillance firm […]