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Senate bill seeks to block presidential crypto gains amid TRUMP memecoin controversy
Senate Democrats introduced legislation that would bar sitting presidents, lawmakers, and their families from issuing, endorsing, or holding cryptocurrency. The End Crypto Corruption Act, announced May 6, seeks to prevent elected officials from personally benefiting from digital assets while shaping policy. Bill targeting Trump’s memecoin issuance drops amid stablecoin legislation worries As Senator Jeff Merkley’s (D-OR) […]
Quiet mempool and flat volume could mean limited fuel for Bitcoin’s breakout above $100k
With Bitcoin attempting to break the crucial $95,000 to $96,000 threshold, it faces significant headwinds rooted in an increasingly dormant on-chain environment. Although the price has hovered optimistically close to the critical $100,000 barrier, stagnant blockchain activity metrics show certain vulnerabilities that could hinder further upside. According to data from Checkonchain, daily on-chain transfer volume […]
Solana sees 1.2 million new SPL tokens in April with memecoins taking center stage
Solana recorded a massive surge in token creation throughout April, with over 1.2 million new Solana Program Library (SPL) tokens minted during the month. SPL is the token standard for the Solana network, similar to ERC-20 for Ethereum. Data from Solscan shows that daily token mints consistently averaged between 30,000 and 55,000 during the reporting […]
Defiance introduces ETFs with simultaneous long, short positions on Bitcoin, Ethereum and gold
Defiance ETFs has filed for regulatory approval of four new exchange-traded funds (ETFs), some of which include simultaneous long Bitcoin (BTC) and short Ethereum (ETH). A May 6 filing with the US Securities and Exchange Commission (SEC) revealed the funds, which include the Bitcoin vs. Ethereum ETF, which is long BTC and short ETH; the […]
Crypto VC funds struggle to capture money as startup fundraising rebounds in 2025
Crypto venture capital (VC) firms are experiencing operational strain and consolidation, even as project-level fundraising gains momentum. In the first quarter, crypto startups raised $5.85 billion, already accounting for nearly 61% of the capital raised throughout 2024, according to DefiLlama. Varys Capital head of venture Tom Dunleavy shared that, despite this influx, fewer active funds […]
Bitwise sees peril in stalled crypto legislation amid political unrest
Bitwise CIO Matt Hougan cautioned that the digital asset market may face a turbulent summer if lawmakers in Washington fail to pass key crypto legislation, despite strong early momentum under President Donald Trump's administration. In a note to clients, Hougan said crypto’s recent gains remain fragile without legal safeguards from Congress, warning that political gridlock […]
Satoshi-era Bitcoin whale wallets tied to Silk Road move $324 million after 12 years
Two Satoshi-era Bitcoin wallets that have been inactive for over a decade have suddenly sprung to life, transferring a combined 3,422 BTC, which amounts to roughly $324.2 million at current prices. On May 6, blockchain analysis firm Spot On Chain reported that one of the wallets tagged "1NWPS" moved 2,343 BTC, valued at around $222.2 […]
UK has no plan to establish national Bitcoin reserve despite global trend
The UK has confirmed it does not plan to pursue a national Bitcoin reserve, distancing itself from the emerging trend of governments exploring state-backed digital asset holdings. Economic Secretary to the Treasury Emma Reynolds said on May 6 that the UK government has no plans to establish a Strategic Bitcoin Reserve (SBR) while speaking at […]
Zerebro co-founder Jeffy Yu allegedly commits suicide amid speculation and mystery
Information is spreading online that Jeffy Yu, co-founder of the AI Agent memecoin project Zerebro, died following a livestreamed suicide on May 4. CryptoSlate has been unable to verify whether the reports are accurate or a part of a darkly elaborate marketing campaign for a new AI memecoin. The event was initially confirmed by an […]
New Hampshire approves first state-level Strategic Bitcoin Reserve law
New Hampshire has enacted America's first state-level Strategic Bitcoin Reserve law, establishing a framework to allocate a portion of state funds to Bitcoin (BTC) and select digital assets. Governor Kelly Ayotte signed HB 302 into law on May 6, authorizing the state treasurer to hold Bitcoin in a regulated reserve structure. The model policy, developed […]
Solana bull flag, rising stablecoin market cap hint at SOL price rally to $220
Key takeaways: Solana’s stablecoin supply rose by 156% in 2025, to hit a new record at $12 billion. Solana’s TVL grew by 25% to $7.65 billion, with 27.7% decentralized exchange volume share, leading Ethereum and BNB Chain. SOL price formed a bull flag, with a price target at $220. Solana’s native token, SOL (SOL) failed […]
BlackRock’s Bitcoin Trust surpasses gold-backed ETF inflows despite the precious metal’s historic rally
BlackRock's iShares Bitcoin Trust (IBIT) has attracted more capital this year than the largest gold-backed ETF. On May 6, Bloomberg Senior ETF analyst Eric Balchunas reported that IBIT ranked as the US' sixth-highest fund by year-to-date inflows. According to the data, IBIT has pulled in over $6.9 billion since January, outperforming the SPDR Gold Shares […]
New institutional DeFi platform Sentora launches through IntoTheBlock, Trident merger
Sentora, a new institutional DeFi platform, has officially launched following the merger of IntoTheBlock and Trident Digital. The combined entity debuts with $25 million in Series A funding, led by New Form Capital with participation from Tribe Capital, Ripple, and others. The initiative brings together more than $3 billion in prior institutional DeFi deployments under […]
FTX missed out on $500 million after selling Anysphere’s Cursor AI stake for just $200K
Bankrupt FTX has missed out on nearly half a billion dollars in potential profit after liquidating its early stake in Anysphere, the company behind the fast-rising AI code editor Cursor. The now-defunct crypto exchange, through its trading arm Alameda Research, had invested $200,000 in Anysphere during its 2022 seed round. However, bankruptcy managers sold the […]
KuCoin disputes claims of 77% drop in Bitcoin reserves, unveils robust 106% reserve ratio
KuCoin has pushed back against claims suggesting it lost over 77% of its Bitcoin reserves since 2023. The crypto exchange labeled the circulating figures misleading and inaccurate, emphasizing its commitment to transparency and responsible reporting. KuCoin's falling Bitcoin reserves? The controversy stems from a report by Onchain School, a data-focused platform citing data from CryptoQuant. […]
Singapore’s Grab taps Solana DePIN project Natix to ‘reshape mapping’
Southeast Asia’s superapp Grab has partnered with Natix, a project within Solana’s decentralized physical infrastructure network (DePIN), to cooperate on mapping and autonomous driving technologies. The joint collaboration aims to combine Natix’s blockchain-based mapping data with Grab’s camera hardware and mapmaking technology featuring artificial intelligence support, Natix said in an announcement on May 6. “This […]
Tariffs, Bitcoin and rule reversals: Inside Trump’s first 100 days in office
The post Tariffs, Bitcoin and rule reversals: Inside Trump’s first 100 days in office appeared first on CryptoSlate.
Blockchains ready for institutions, lawyers hesitate: DoubleZero CEO
While blockchain infrastructure may be ready for institutional use, many legal teams at big firms remain cautious about fully integrating the technology. At the Token2049 event in Dubai, DoubleZero founder and former Solana head of strategy Austin Federa told Cointelegraph that today’s high-performance blockchains like Solana are technically capable of supporting large-scale institutional usage. However, […]
OpenAI focuses on its nonprofit control amid legal clash with Elon Musk
OpenAI has announced a significant pivot, walking back previous plans to evolve into a traditional for-profit entity, according to a May 5 statement. Instead, the organization will maintain its nonprofit roots and shift its for-profit unit into a Public Benefit Corporation (PBC), reinforcing its commitment to public interest in developing artificial general intelligence (AGI). According […]
Bitcoin Core’s OP_RETURN limit removal divides crypto community
Bitcoin Core’s reportedly planned removal of the long-standing OP_RETURN limit has sparked sharp division across the ecosystem. The upcoming release will, by default, lift the 80-byte ceiling that previously restricted transaction-embedded data, positioning the change as a modernization of policy in response to shifting network practices. OP_RETURN Originally introduced as a soft deterrent, OP_RETURN allowed […]