🔍 Market Summary

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Interest groups, lawmakers to protest Trump's memecoin dinner

Interest groups, lawmakers to protest Trump's memecoin dinner

Democratic leaning organizations and members of Congress have announced plans to protest what they describe as the sale of access to the office of the US president, in reference to Donald Trump’s memecoin dinner on May 22. The event’s attendees are said to have collectively spent over $100 million f…

Coinbase breach hit almost 70k users — Attorneys

Coinbase breach hit almost 70k users — Attorneys

A recent filing with Maine’s attorney general sheds new light on Coinbase’s data breach, claiming that nearly 70,000 users were impacted and that the incident went unnoticed for nearly six months.According to the filing submitted by legal firm Latham and Watkins LLP, 69,461Coinbase users were compro…

AI tool claims 97% efficacy in preventing ‘address poisoning’ attacks

AI tool claims 97% efficacy in preventing ‘address poisoning’ attacks

Crypto cybersecurity firm Trugard and onchain trust protocol Webacy have developed an artificial intelligence-based system for detecting crypto wallet address poisoning.According to a May 21 announcement shared with Cointelegraph, the new tool is part of Webacy’s crypto decisioning tools and “levera…

Bitcoin bulls grill sellers as Japan debt woes send gold past $3.3K

Bitcoin bulls grill sellers as Japan debt woes send gold past $3.3K

Key points:Bitcoin and gold move higher in step amid jitters over Japan’s debt problem reach “boiling point.”$108,000 remains a keen target for Bitcoin bulls amid ongoing corporate buying.Some still see the current BTC price uptrend coming to an abrupt end.Bitcoin kept up pressure on $108,000 at th…

How to handle crypto trading gains and losses on your balance sheet

How to handle crypto trading gains and losses on your balance sheet

Key takeawaysProperly accounting for crypto assets on your balance sheet is essential for accurate tax reporting and financial transparency.Crypto trading activities should be recorded like stock trading, at fair market value on the day of purchase.In some countries, like the US, crypto losses can o…

Crypto's real momentum isn't in the charts; it's in developer activity

Crypto's real momentum isn't in the charts; it's in developer activity

Opinion by: Markus Levin, co-founder of XYOThe crypto community often experiences periods of heightened anxiety. Market downturns are often triggered by counterproductive sentiment-driven events rather than by fundamental issues, creating a significant disconnect between price behavior and the actua…

Bitcoin hits new all-time high of $109K as trade war tensions ease

Bitcoin hits new all-time high of $109K as trade war tensions ease

Bitcoin surged to a new all-time high after a temporary trade agreement between the United States and China eased macroeconomic fears and boosted investor confidence. Bitcoin set a new high of $109,400 on May 21, rising more than 26% in the past month, according to data from TradingView. This climb…

Ethereum holders back in profit as ETH price enters 'crucial area' for $3K breakout

Ethereum holders back in profit as ETH price enters 'crucial area' for $3K breakout

Key points:Ethereum holders are back in profit, increasing chances for a rally to $3,000 and beyond.Ether sell pressure risk exists at $2,800, where 2.27 million ETH could be sold.Ether's recent surge to $2,700 on May 14 pushed its value above its realized price, implying that the average holder of …

Bitcoin enters ‘acceleration phase’ resembling BTC price gains seen after Trump election victory

Bitcoin enters ‘acceleration phase’ resembling BTC price gains seen after Trump election victory

Key takeaways: The Bitcoin Quantile Model shows “heat” with price on the verge of an “acceleration phase,” echoing Q4 2024 when BTC embarked on a 45% post-election rally.Bitcoin price has formed a new intraday high on each daily candle this week, with the crypto asset slowly grinding toward a new al…

Bank lobby is 'panicking' about yield-bearing stablecoins — NYU professor

Bank lobby is 'panicking' about yield-bearing stablecoins — NYU professor

America’s powerful banking lobby is “panicking” over the potential of stablecoins to disrupt their traditional business model, particularly when it comes to yield-bearing stablecoins, according to Austin Campbell, a New York University professor and founder of Zero Knowledge Consulting. In a May 21 …

KindlyMD shareholders OK merger with Trump-linked Bitcoin firm

KindlyMD shareholders OK merger with Trump-linked Bitcoin firm

Shareholders of the healthcare services provider KindlyMD, Inc have approved a proposed merger with Bitcoin holding company Nakamoto Holdings, founded by US President Donald Trump’s crypto adviser, David Bailey.KindlyMD and Nakamoto Holdings, a newly formed company that focuses on creating a network…

 SEC delays decision on Ether staking and XRP ETFs, as analysts expected

SEC delays decision on Ether staking and XRP ETFs, as analysts expected

The US Securities and Exchange Commission has delayed its decision on Bitwise’s application to add staking to its Ether exchange-traded fund and on Grayscale’s XRP ETF bid, which analysts had expected.The SEC said on May 20 that it needed to extend its decision on Bitwise’s application by 45 days to…