Day: May 5, 2025

Industry calls for urgent crypto law reforms after Australian election

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The Australian crypto industry has called on the newly reelected Labor government to urgently make digital asset legislation a top priority to ensure Australia doesn’t fall further behind global markets. The incumbent Australian Labor Party was returned in a landslide on May 3, picking up 54.9% of the two-party-preferred vote, against the Liberal and National Parties on 45.1%. Both parties went to the election promising crypto law reform, but only the opposition pledged to deliver draft legislation within 100 days. Joy Lam, Binance’s head of global regulatory and APAC legal,…

US Bitcoin ETFs bought 6x more than BTC miners produced last week

Spot Bitcoin exchange-traded funds (ETFs) in the United States bought up nearly six times as many Bitcoin as were produced by miners over the last week. The US-based Bitcoin (BTC) funds bought a whopping 18,644 Bitcoin over the past week when only 3,150 BTC were mined for the period, reported asset allocator HODL15Capital on May 4. This accumulation by institutions and ETF issuers represents almost six times the amount of the asset being produced since miners only generate 450 coins per day.   The total inflow for the past five trading…

Dogecoin (DOGE) Turns Red—But Is It a Dip Worth Buying?

Dogecoin started a fresh decline from the $0.1850 zone against the US Dollar. DOGE is now correcting losses and might find face hurdles near $0.1740. DOGE price failed to clear $0.1880 and corrected gains. The price is trading below the $0.1750 level and the 100-hourly simple moving average. There is a key bearish trend line forming with resistance at $0.1725 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could start a fresh increase if it clears the $0.1780 resistance zone. Dogecoin Price Dips Again…

XRP Price Momentum Stalls — Bulls on Pause or Done for Now?

Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked…

OpenAI ignored experts when it released overly agreeable ChatGPT

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OpenAI says it ignored the concerns of its expert testers when it rolled out an update to its flagship ChatGPT artificial intelligence model that made it excessively agreeable. The company released an update to its GPT‑4o model on April 25 that made it “noticeably more sycophantic,” which it then rolled back three days later due to safety concerns, OpenAI said in a May 2 postmortem blog post. The ChatGPT maker said its new models undergo safety and behavior checks, and its “internal experts spend significant time interacting with each new…

Ethereum Price Sees Healthy Pullback — Uptrend Still Safe

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. Ethereum price started a fresh increase above the $1,800 zone. ETH is now correcting gains and trading below the $1,820 support zone. Ethereum remained strong above $1,750 and started…

Crypto Scams Soar in Nebraska as Romance Ruses Drain Savings

Crypto romance scams are surging in Nebraska, wiping out life savings through fake investments, phony documents, and manipulative online relationships. Nebraska Issues Crypto Scam Alert After Victims Lose Savings in Romance Investment Hoax Nebraska Attorney General Mike Hilgers issued a consumer warning last week following an alarming rise in cryptocurrency scams across the state, many […] Source CryptoX Portal

Bitcoin Price Eases From Highs — Support Zone Still Intact

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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. Bitcoin price started a downside correction from the $97,800 zone. BTC is now trading below $95,000 and testing the $93,500 support zone. Bitcoin remained supported above the $94,500 zone.…

Solana devs fix bug that allowed unlimited minting of certain tokens

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The Solana Foundation has confirmed that a zero-day vulnerability that allowed an attacker to potentially mint certain tokens and even withdraw those tokens from user accounts has been fixed.  A May 3 post-mortem from the Solana Foundation said that the security vulnerability, first discovered on April 16, could have allowed an attacker to forge an invalid proof affecting Solana’s privacy-enabling “Token-22 confidential tokens.” There is no known exploit of the vulnerability, and Solana validators have since adopted the patched version, the foundation said. Solana zero-day security bug affected Token-22 confidential…