Bitcoin is trading at $97,030 with a market capitalization of $1.927 trillion, supported by a 24-hour trade volume of $28.862 billion. During this session, bitcoin saw a price range between $93,592 and $97,511, reflecting ongoing volatility within a consolidative structure near recent highs. Bitcoin Bitcoin’s multi-timeframe chart action continues to reflect bullish strength, particularly on […] Original
Day: May 7, 2025
Senate to Vote on GENIUS Crypto Bill May 8
Key Notes The GENIUS Act will need 60 Republicans and Democrats to vote in its favor before it can advance. Democrats have several concerns, including one about Donald Trump’s ties with the cryptocurrency industry. Optimism remains as the general crypto regulation landscape has improved. Key stakeholders have begun to voice their support for The Guiding and Establishing National Innovation for US Stablecoins (GENIUS), the first-of-its-kind regulatory framework for payment stablecoins in the region. GENIUS Act Needs 60 “Yes” Votes to Advance As reported by Politico, lawmakers will commence the voting…
Ethereum’s Pectra Upgrade Goes Live, Targeting Scalability and User Experience
Ethereum’s Pectra upgrade, combining the Prague and Electra updates, went live at epoch 364032 on May 7, 2025, introducing 11 Ethereum Improvement Proposals (EIPs) to enhance scalability, security, and user experience. Pectra Upgrade Activates With 11 Key Enhancements The upgrade, activated at 6 a.m. Eastern time, focuses on validator efficiency, layer two (L2) scalability, and […] Source CryptoX Portal
XRP At Make-Or-Break Technical Zone, Crypto Analyst Warns
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. XRP is pressing into a confluence of Fibonacci supports that could decide whether the late-2024 rally extends or snaps, according to a one-hour chart shared on X by independent…
Ethereum Volume Drops Pre-Pectra — Will ETH Pump or Dump?
Key Notes Ethereum’s technical indicators show potential for a breakout above the 50-day EMA resistance level. Ethereum’s Pectra upgrade, combining Prague and Electra phases, introduces 11 EIPs, including EIP-7702 for smarter wallets. The update enhances scalability, developer tools, and prepares Ethereum for future innovations like Verkle Trees and EIP-4444. With the Ethereum Pectra upgrade set to go live today, the ETH ETH $1 845 24h volatility: 2.6% Market cap: $222.72 B Vol. 24h: $14.22 B spot trading volumes have dried up a bit recently. Amid the broader crypto market recovery,…
Small Group of Traders Reportedly Made $99.6M From Pre-Launch Purchases of Melania Trump Memecoin
A Financial Times report has revealed that a small group of traders profited approximately $99.6 million by purchasing the Melania Trump memecoin, MELANIA, just minutes before its public announcement on January 19. In the two and a half minutes leading up to the launch, around two dozen digital wallets acquired $2.6 million worth of tokens, […] Source CryptoX Portal
Bitcoin-backed loans ‘obvious’ next step — Xapo Bank CEO
Bitcoin holders are becoming more comfortable borrowing against their crypto as market confidence grows, according to Seamus Rocca, the CEO of the Gibraltar-based private bank Xapo Bank. In an interview at the Token2049 event in Dubai, Rocca told Cointelegraph that with Bitcoin (BTC) hovering around $95,000 and institutional adoption starting to catch on, the executive said the mood among investors shifted from short-term speculation to a more long-term outlook. “I’m not sure that confidence would have been there three or four years ago,” Rocca told Cointelegraph. “But today, people are…
Binance Halts Some Token Transfers Ahead of Ethereum Upgrade
Key Notes Binance plans on temporarily suspending deposits and withdrawals on some networks. Users will not be able to deposit and withdraw tokens based on Ethereum networks during this period. Trading is not affected by the suspension. Cryptocurrency exchange Binance intends to briefly halt deposits and withdrawals for select tokens on May 7, 2025, starting around 09:45 (UTC), in order to accommodate the Ethereum network upgrade and hard fork, aiming to maintain optimal user experience Binance disclosed that it plans on temporarily suspending the deposits and withdrawals of tokens based…
72% Of Binance Traders Go Long On Dogecoin, What Does This Mean For Price?
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. Despite the Dogecoin price struggling and dropping recently, it seems investors are still very bullish on the meme coin. This is evidenced by the fact that there are now…
HIVE sees Paraguay as a long-term partner for its stability and low-cost energy
Several crypto-focused organizations — including Bitcoin (BTC) mining companies — are eyeing a US return, primarily driven by uncertain geopolitical tensions. Still, BTC miner Hive Digital Technologies is doubling down on the untapped potential of the Latin American (LATAM) market. In an exclusive interview with Cointelegraph, Hive Digital Technologies’ president and CEO, Aydin Kilic, said that Paraguay presents a compelling long-term opportunity equipped with “geopolitical stability, low-cost hydro energy, and a government open to foreign investment”. Picking up from where Bitfarms left off Hive acquired Bitfarms’ 200 megawatt (MW) Yguazú…