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Ethereum Foundation boosts ecosystem with $32M in grants in Q1 2025
The Ethereum Foundation has announced the distribution of over $32 million in grants during the first quarter of 2025. According to the May 8 update, the funding was issued through its Ecosystem Support Program and spread across 94 projects. While the report categorized the recipients by theme and focus area, it did not disclose the […]
LockBit breach exposes 60,000 Bitcoin addresses, offers bounty for hacker’s identity
LockBit, one of the most well-known Ransomware-as-a-Service (RaaS) groups, suffered a serious security breach that exposed around 60,000 Bitcoin addresses. On May 8, blockchain security firm SlowMist reported that hackers exploited a PHP 0-day or 1-day vulnerability to gain unauthorized access to LockBit's backend systems and admin console. SlowMist pointed out that the hack resulted […]
Post Pectra, Ethereum now targets efficiency with 60 million gas limit expansion
Ethereum is eyeing an increase in its gas limit by 66% to 60 million units to improve transaction capacity and network efficiency. On May 7, Ethereum core developer Parithosh Jayanthi confirmed that the 60 million gas limit would be rolled out on the blockchain’s mainnet network after successfully testing on the Sepolia and Holesky testnets. […]
The role of crypto wallets: navigating the digital financial landscape
The emergence of cryptocurrencies like Bitcoin and Ethereum has transformed how individuals view financial management in the digital world. At the heart of this transformation lies the crypto wallet, a pivotal tool that supports users in securely engaging with these digital currencies. What is a crypto wallet? A crypto wallet is a specialized software program or hardware […]
Doodles NFT sales surge 97% ahead of DOOD token airdrop
Doodles’ non-fungible token (NFTs) sales surged by 97% in the last 24 hours as digital collectible traders anticipate the project’s token generation event and airdrop. On May 8, data from CryptoSlam showed Doodles NFT sales topping $1.1 million, nearly doubling the previous day’s total. The spike placed Doodles in the third spot for daily NFT […]
BlackRock reveals $32 million Q1 revenue from Bitcoin IBIT ETF in new SEC filing
It’s been a big quarter for BlackRock’s Shares Bitcoin Trust ETF (IBIT) with new custodians, Bitcoin volatility, a new regulatory landscape, and a pro-Bitcoin president. In its latest quarterly filing, BlackRock reported $47.78 billion in net assets at the end of Q1 2025, a decrease from $51.52 billion in the previous quarter. This decline tracks […]
Bitcoin recovers but market still on edge with short-term holders near breakeven
Bitcoin (BTC) remains in a technically critical zone controlled by short-term holders despite its recovery to nearly $98,000, which has eased financial stress across the network, according to a May 7 report by Glassnode. The report highlighted recent market behavior pointing to improved capital inflows and investor sentiment. Additionally, it warned that the current price […]
Robinhood plans blockchain for US asset trading in Europe: Report
Brokerage fintech Robinhood is reportedly developing a blockchain network that will enable retail investors in Europe to trade US securities. According to a May 7 Bloomberg report citing sources familiar with the matter, the move seeks to expand the company's local presence by offering trading of tokenized securities, such as stocks. Two crypto firms, Arbitrum […]
Ethereum Pectra upgrade adds new features — How long before ETH price reacts?
Key takeaways: Reclaiming the $2,200 level remains the first price challenge for ETH. ETH price could recover if the Pectra upgrade leads to a surge in DApp and Ethereum network activity. Ethereum successfully implemented a key network upgrade on May 7, but Ether (ETH) price and its derivatives metrics showed little response to the upgrade. […]
ZachXBT reveals Coinbase users lost another $45M in a week to ongoing social engineering scams
Blockchain investigator ZachXBT revealed that Coinbase users lost another $45 million over the past week due to coordinated social engineering scams. The update, shared on his Telegram channel, identifies multiple wallet addresses connected to the theft and links the latest activity to a broader pattern of crypto heists that has persisted for months. The report […]
Price predictions of major cryptocurrencies
Key points: Bitcoin price hangs near $97,000 as traders await today’s FOMC minutes. Bitcoin holding $95,000 as support is key for bullish price expansion in the short term. Select altcoins are holding their respective support levels, opening the gates for a short-term rally. Bitcoin (BTC) bulls are trying to knock down the immediate resistance at […]
MoonPay Enters Strategic Collaboration with TRON
MoonPay's U.S. users can now directly access TRON's dynamic DeFi ecosystem through TRX purchases, creating new opportunities for engagement. Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
Hong Kong brokerage Futu adds crypto deposits with Bitcoin rewards for users
Futu Securities, a prominent brokerage based in Hong Kong, has rolled out crypto "deposit services" for users on its Futu NiuNiu platform. According to a May 7 statement, the launch lets investors deposit and trade leading digital assets such as Bitcoin, Ethereum, and Tether. Futu NiuNiu, already known as Hong Kong's top stock trading app, […]
USDC hits record $219 billion volume in April as Binance partnership boosts market dominance
USDC trading volumes surged to consecutive all-time highs, reaching $219 billion last month, doubling since January. According to data from Kaiko, the rise comes on the back of Circle's key partnership with Binance, which has significantly expanded USDC's market presence. USDC's sharp rise starkly contrasts with the muted activity in the broader market, especially as […]
World Liberty Financial’s USD1 stablecoin nearing airdrop as community vote aligns
World Liberty Financial (WLFI), the DeFi project partly owned by the Donald Trump family, has opened a community vote to decide whether to proceed with an airdrop of its new stablecoin, USD1. As of press time, 99.98% of voters backed the proposal, representing roughly 4 billion WLFI tokens. Only a small fraction, equating to 0.02% […]
Movement Labs rebrands as MOVE token faces dramatic plunge and potential Binance delisting
Movement Labs has removed co-founder Rushi Manche and restructured under a new name, Move Industries. The company announced Manche's termination on May 7, saying: "Movement Labs has terminated Rushi Manche. Movement will continue under different leadership. Details on leadership changes and a revamped governance structure will be coming soon." The decision follows a high-profile investigation […]
Bitcoin ETFs break May inflow streak as investors withdraw $85.7 million on May 6
The streak of inflows spot Bitcoin ETFs saw in May was broken on May 6 with an $85.7 million outflow. Before this reversal, ETFs saw $422.5 million in inflows on May 1, $674.9 million on May 2, and another $425.5 million on May 5. These inflows were mostly driven by BlackRock's IBIT, which continued to […]
Bitcoin at volatile crossroads before crucial Fed guidance expected later today
Bitcoin markets are bracing for potential turbulence as the Federal Open Market Committee prepares to conclude its May 6-7 meeting. While the federal funds rate is widely expected to remain unchanged at 4.33% (target 4.25%−4.50%), attention will turn to the tone and nuance of Chair Jerome Powell’s subsequent press conference at 2 P.M. EST, which may […]
Changpeng Zhao files for US presidential pardon, praises Trump’s ‘business-like’ leadership style
Changpeng Zhao, the founder of Binance, has confirmed that his legal team has submitted a formal request for a presidential pardon from the US government. In a May 5 podcast interview with Farokh Sarmad of Rug Radio, Zhao stated that the decision followed increased media speculation about his potential pursuit of clemency. According to him: […]
Ethereum’s pectra upgrade prompts temporary pause from Binance and Coinbase
Top crypto exchanges Binance and Coinbase will temporarily pause Ethereum (ETH) deposits and withdrawals in preparation for the network's upcoming pectra upgrade. Binance stated that ETH and tokens on Layer 2 networks like Arbitrum, Optimism, Base, Scroll, Worldcoin, and zkSync will be affected. The exchange pause starts at 09:45 (UTC). The exchange furthered that while […]