Day: May 5, 2025

New York district gets interim US Attorney as ex-SafeMoon CEO trial kicks off

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Acting US Attorney for the Eastern District of New York (EDNY) John Durham has departed as President Donald Trump’s pick takes control of the office. In a May 5 notice, the US Attorney’s Office for EDNY said Joseph Nocella will serve as interim US Attorney for the region for 120 days or until a Senate-confirmed nominee assumes the role. Nocella’s appointment came as jury selection began in the criminal trial of Braden John Karony, the former CEO of crypto firm SafeMoon. It’s unclear how the advancement of Nocella, appointed by…

OpenAI to stay nonprofit, scrap proposed overhaul

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ChatGPT-maker OpenAI has abandoned plans to become a for-profit company and reaffirmed commitment to its nonprofit status.  In a May 5 blog post, OpenAI confirmed plans to convert its for-profit business unit into a so-called Public Benefit Corporation (PBC), which would remain under the nonprofit’s control. PBCs are for-profit companies that are legally obligated to prioritize a social mission alongside the interests of shareholders. The plans mark a reversal for OpenAI, which had previously floated a for-profit conversion involving spinning out the nonprofit entity. “OpenAI was founded as a nonprofit,…

Crypto Pundit Says XRP To $10 Is Just The Start

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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. In his latest video, the market commentator known as CryptoInsightUK laid out a multi-step argument for why XRP could “very realistically go to $10 plus this cycle — and…

Good actors were ‘unfairly targeted’ by SEC — OpenSea’s CEO

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The Securities and Exchange Commission’s (SEC) enforcement approach on crypto firms has left a lasting “regulatory overhang” within the industry, according to Devin Finzer, co-founder and CEO of OpenSea.  Speaking to Cointelegraph, Finzer said that during Biden’s administration the agency unfairly targeted good actors in the crypto space, including OpenSea. “There’s all sorts of digital assets, you know, you shouldn’t treat them all the same. That’s obvious. But I think the approach that the prior SEC was taking was kind of this, you know, very, very generic.” The SEC issued…

Trump’s crypto dealings face scrutiny as House Republicans unveil digital asset bill

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US President Donald Trump’s crypto businesses are drawing increased scrutiny on Capitol Hill and beginning to influence the progress of US digital asset legislation. As Republican lawmakers in the US House of Representatives unveiled their draft of a digital asset market structure bill on May 5, Democrats prepared for a united response to Donald Trump’s deepening connections with the industry. Speaking to Cointelegraph on May 5, a Democratic staffer with knowledge of the matter said that House Financial Services Committee Ranking Member Maxine Waters planned to lead some members of…

Bitcoin sell-off to $93.5K is a brief hiccup — Data still supports new BTC highs in 2025

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Key takeaways: Bitcoin price slips, but BTC dominance is on the rise. Sizable purchases by Strategy and the spot BTC ETFs highlight institutional investors’ appetite for Bitcoin. Bitcoin’s (BTC) price has dropped by 4.3% in the last three days after nearly reaching $97,900 on May 2. Despite showing resilience at the $94,000 level on May 5, some traders are disappointed that strong institutional inflows have not been enough to maintain bullish momentum. However, several encouraging signs suggest that a new all-time high for Bitcoin in 2025 remains within reach. Bitcoin…

Ethereum Breaks Massive Downtrend Price Structure – Momentum Shift?

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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. After enduring months of aggressive selling pressure, Ethereum is finally showing signs of life. As bullish momentum slowly builds, hopes for a recovery rally are beginning to resurface. While…

Riot sells more Bitcoin than mined in April

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Riot Platforms sold 475 Bitcoin in April 2025, marking a major shift from its long-standing 100% Bitcoin holding strategy.  The sale included all 463 BTC mined during the month and 12 Bitcoin (BTC) from its reserves, generating approximately $38.8 million at an average price of $81,731 per coin, according to a company release.  This is Riot’s first significant sale since January 2024, and it is coming as the company adjusts its treasury strategy to prioritize operational funding and minimize equity dilution.  CEO Jason Les said the move reflects a “strategic…

Ethena’s USDe Stablecoin Launches on Hyperliquid Exchange and HyperEVM

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Ethena’s USDe stablecoin is now live on Hyperliquid’s decentralized exchange and HyperEVM blockchain, enabling daily rewards for users and cross-chain DeFi integrations. Hyperliquid Users Earn Rewards via USDe Balances on Hypercore and HyperEVM The USDe stablecoin, developed by Ethena Labs, has launched on Hyperliquid’s exchange and HyperEVM network, marking its expansion within the Hyperliquid ecosystem. […] Source