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$50M Bounty Goes Live on Web3Bounty.io to Trace Misappropriated Funds Linked to FDT and Aria
Hong Kong, May 6, 2025 – A new bounty program has been launched on the online platform Web3Bounty.io, which aims at finding leads and information about the approximately $456 million of the TrueUSD (TUSD) stablecoin reserves being misappropriated. There is a $50 million bounty pool available for those who provide credible original information leading to […]
MELANIA memecoin insiders reportedly make over $150 million including pre-sale trades
According to Financial Times analysis, a small cohort of traders secured nearly $100 million in profits from Melania Trump’s MELANIA token within minutes of its market debut. Insider trading allegations Its on-chain analysis suggests that two dozen digital wallets purchased $2.6 million worth of tokens less than three minutes before Trump’s Jan. 19 post on […]
President Trump confirms May 22 gala dinner for top TRUMP holders
President Donald Trump confirmed that a private dinner will be held on May 22 at Trump National Golf Club in Washington for the top 220 holders of his memecoin, TRUMP. Trump made the announcement in a social media post on May 5. The event, organized by Fight Fight Fight LLC, a Trump-affiliated entity, will admit holders […]
XRP trading volume steady at $3.2B in Q1, but XRPL activity contracts sharply
Ripple’s XRP trading volume on top-tier exchanges throughout the first quarter, with average daily volume (ADV) holding nearly $3.2 billion, while XRP Ledger (XRPL) activity decreased. According to a May 5 report by Ripple, the volume trend reflects sustained institutional and retail engagement despite sharp price swings and moderating on-chain activity. Spot market data shows […]
VanEck officially files first BNB ETF application in the US
Asset manager VanEck filed a registration statement with the Securities and Exchange Commission on May 2 to launch a BNB exchange-traded fund (ETF). The filing marks the first known attempt to bring a spot BNB ETF to the US market. If approved, the fund would list on an unspecified national exchange under a yet-to-be-disclosed ticker symbol. […]
Democratic opposition threatens GENIUS Act, jeopardizing 2025 crypto agenda – Galaxy
The Senate GENIUS Act bill, designed to establish federal rules for stablecoins, is facing resistance from key Democrats, jeopardizing the prospects for broader crypto legislation in 2025. The Guiding and Establishing National Innovation for US Stablecoins Act (GENIUS Act) advanced from the Senate Banking Committee in March with bipartisan support. However, nine Senate Democrats announced […]
$389M in Token Unlocks Set to Shake Crypto Markets This Week
The digital asset space is bracing for impact as more than $389 million worth of token unlocks are slated to hit the market this week. The unlock wave will include large, one-time cliff unlocks as well as linear, more gradually distributed unlocks. A Flood of New Supply Enters the Market Data from blockchain analytics platform […]
Israeli authorities arrest Nomad Bridge hacker, approve extradition to US
An Israeli-Russian national was arrested last week while allegedly attempting to flee Israel under a false identity, and now faces extradition to the US in connection with a major crypto hack that caused nearly $190 million in damages. Alexander Gurevich was taken into custody on May 1 at Ben-Gurion Airport just before boarding a flight […]
Price predictions 5/5: SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, SUI
Key points: Bitcoin is witnessing a tough battle between the bulls and the bears at the $95,000 level. Solid buying by spot Bitcoin ETF investors last week signals a positive shift in investor sentiment. Select altcoins have held their support levels, increasing the likelihood of a short-term up move. Bitcoin (BTC) slipped below the breakout […]
House Republicans release draft bill to establish federal framework for crypto regulation
The House Financial Services and Agriculture Committee leaders published a discussion draft outlining a federal crypto framework to regulate the industry in the US on May 5. House Financial Services Chairman French Hill (R-AR), Agriculture Committee Chairman Glenn “G.T.” Thompson (R-PA), Financial Services Subcommittee Chair on Digital Assets Bryan Steil (R-WI), and Agriculture Subcommittee Chair […]
Ripple commits $25 million in RLUSD stablecoin to boost US education
Ripple has pledged $25 million in its RLUSD stablecoin to support US education through nonprofit organizations DonorsChoose and Teach For America. The contribution, revealed on May 5, aims to support teachers, fund classroom projects, and expand access to essential academic resources for underserved communities across the United States. This initiative comes at a time when […]
Bitcoin and Ethereum lead $2 billion in crypto investment inflows amid market shift
Digital asset investment products recorded $2 billion in inflows last week, bringing year-to-date totals to $5.6 billion, according to CoinShares' latest market report. According to CoinShares, last week's inflow marks the third straight week of gains, signaling a clear shift in investor behavior after months of outflows. James Butterfill, head of research at CoinShares, noted that the […]
BlackRock’s Bitcoin exposure rises to over $5 billion as of the end of Q1
BlackRock expanded its exposure to Bitcoin-linked assets in the first quarter of 2025, pushing its total investments to more than $5.4 billion, according to data from Timechainindex. Between the last quarter of 2024 and March 2025, BlackRock added over 3.2 million shares of the iShares Bitcoin Trust (IBIT) to its portfolio. This move brought its […]
Binance founder advises Kyrgyzstan to adopt Bitcoin and BNB for national crypto reserve
Binance founder Changpeng Zhao has recommended that Kyrgyzstan consider Bitcoin and BNB as the first assets in building its National Crypto Reserve. His May 5 suggestion followed an invitation to join the country's National Crypto Council, marking a notable step in the nation's engagement with digital assets. Zhao visited Kyrgyzstan at the invitation of President […]
Vitalik Buterin highlights risk of weak proof systems in Ethereum Layer-2 rollout
Ethereum co-founder Vitalik Buterin has warned that Layer-2 networks should only transition to full decentralization when their underlying proof systems are highly reliable. In a May 5 post shared on X (formerly Twitter), Buterin emphasized that advancing to "stage 2″ of decentralization must be accompanied by solid technical safeguards to avoid introducing unnecessary risks. He […]
Maldives bets $8.8 billion on blockchain to counter economic and debt challenges
The Maldives has finalized an $8.8 billion agreement to build a blockchain-first financial hub that reportedly eclipses the nation’s entire economy. The country aims to reposition itself as a global destination for digital assets. Per the Financial Times, Dubai-based MBS Global Investments will finance the Maldives International Financial Centre (MIFC) project. The government signed the […]
Tether dives into sci-fi inspired AI as USDT nears $150 billion circulation
Tether is continuing its expansion beyond its stablecoin business with a new push into artificial intelligence. On May 5, Tether CEO Paolo Ardoino announced that the company will soon launch Tether.ai, an open-source AI platform designed for various devices. The announcement comes as the company's flagship stablecoin, USDT, edges toward a record circulation milestone of $150 […]
Arizona senator vows to reintroduce Bitcoin reserve bill despite governor’s veto
Arizona State Senator Wendy Rogers says she will bring back her proposed Strategic Bitcoin Reserve (SBR) bill in the next legislative session. This comes after Governor Katie Hobbs rejected the initial bill, marking the first time a sitting US governor has formally blocked such a crypto initiative. Senator Rogers shared her plans over the weekend, […]
US port exec warns of empty shelves in 5-7 weeks – what it means for Bitcoin price
A sudden contraction in US imports threatens to ripple through consumer markets, potentially impacting Bitcoin’s price action. Retailers have less than 2 months of stock Executive Director Gene Seroka flagged a forecasted 35% reduction in container volumes at the Port of Los Angeles, which marks a critical early warning. As reported in a Bloomberg interview […]
Solana averts catastrophe with quiet patch of major token vulnerability
The Solana Foundation has revealed that a critical vulnerability affecting its Token-2022 standard was quietly patched in April, averting what could have been a catastrophic breach. If exploited, the flaw would have allowed attackers to mint an unlimited number of tokens or withdraw funds from any account without authorization. According to the post-mortem, the issue […]