Day: May 9, 2025

Oxbow Lifts Deposit Limits on Privacy Pools, Opens Doors to Institutional Users

Oxbow, a decentralized finance (DeFi) platform balancing privacy and compliance, has removed deposit limits on its Privacy Pools tool, enabling unrestricted Ethereum transactions while screening illicit funds. Regulatory-Friendly Privacy: Oxbow’s Tool Now Accepts Large-Scale ETH Deposits Oxbow, a DeFi platform founded in 2023, announced Friday it has removed deposit limits on its Privacy Pools tool, […] Source CryptoX Portal

Doodles token struggles post-airdrop

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The newly launched DOOD token from Ethereum-based NFT project Doodles has seen a steep drop in market capitalization following its May 9 airdrop on the Solana network. According to data from DEX Screener, DOOD’s market cap fell from over $100 million shortly after launch to around $60 million at the time of writing. Overall, the much-anticipated airdrop was “[d]efinitely underwhelming,” a crypto commentator said in a May 9 X post.  DOOD token performance on May 9. Source: DexScreener Related: Doodles NFT sales surge 97% ahead of DOOD token airdrop Falling…

Solana price gained 500% the last time this SOL metric turned bullish

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Key Takeaways: Solana’s 15% surge and potential close above the 50-week EMA signal strong bullish momentum, which previously led to a 515% rally in 2024. The $120 million in liquidity bridged to Solana reflects growing network confidence. Solana (SOL) price gained 18% this week, signaling rising bullish momentum. The altcoin is approaching a pivotal point, with a potential close above the 50-week exponential moving average (EMA), a level that has historically catalyzed significant rallies. In March, SOL dipped below the 50-week EMA and briefly dropped under $100 on April 7.…

BlackRock, crypto task force discuss ETP staking, tokenization

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Wall Street giant BlackRock met with the Securities and Exchange Commission (SEC) Crypto Task Force to discuss staking within crypto exchange-traded products (ETPs) and tokenization of securities. The discussion could advance institutional interest in the crypto industry. According to a May 9 memo published by the task force, BlackRock sought to “[d]iscuss perspectives on treatment of staking, including considerations for facilitating ETPs with staking capabilities.” The company has previously said that Ether (ETH) exchange-traded funds, while successful, are less perfect without staking. Other crypto ETF issuers share that view. On…

Sovereigns Are Buying Billions Of Bitcoin: Anthony Scaramucci

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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 blasted back through the psychologically charged $100,000 threshold for only the second time in its 16-year history, reclaiming a level last seen in February. As the world’s first…

US VP Vance to speak at Bitcoin conference amid Trump crypto controversies

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US Vice President JD Vance will speak at the Bitcoin 2025 conference in Las Vegas, roughly a year after then-presidential candidate Donald Trump spoke at the same event. According to a May 9 notice from the event’s organizers, Vance will address conference attendees in person on May 28, making him the first sitting US vice president to speak at a digital asset conference. Trump provided a pre-recorded video of himself from the White House to the organizers of the Digital Asset Summit in March — his first appearance at a…

Bitcoin holds the bulk of its gains from this week’s rally to $100,000, altcoins turn bullish

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Key points: Bitcoin holding $100,000 as a level of support would confirm the current trend change. Ether leads among altcoins, and DeFi tokens could follow. Bitcoin (BTC) broke above the psychologically critical $100,000 level on May 8, and the bulls are trying to hold on to the level on May 9. In an X post, CoinGlass said that Bitcoin’s rally resulted in $837.80 million in short liquidations in a 24-hour period, the largest since 2021. Bitcoin’s rally also lifted several major altcoins, which soared above their respective overhead resistance levels.…

TeraWulf Q1 loss widens amid rising costs, falling revenue

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Mining firm TeraWulf reported a net loss of approximately $61.4 million in its earnings for the first quarter of 2025, further deteriorating from the same period last year. Revenue fell to $34.4 million from $42.4 million in the same period of 2024, according to the company’s earnings report, published May 9. Cost of revenue rose sharply to $24.5 million, up from $14.4 million a year earlier. As a result, TeraWulf’s cost of revenue accounted for 71.4% of total income from operations in Q1 2025, more than double the 34% recorded…

Dow drops 119 points, Nasdaq inches higher, Bitcoin settles at $103k amid China talk rumors

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U.S. stocks ended the week mixed, with investor sentiment cautious ahead of scheduled trade talks between U.S. and Chinese officials in Switzerland this weekend.  The Dow Jones Industrial Average fell 0.3%, while the Nasdaq Composite edged up 0.0043% while the S&P 500 hovered near the flatline down 0.07% The trading action follows a preliminary U.S.-U.K. trade agreement, but new tariff rhetoric has kept markets jittery. U.S. President Donald Trump floated an “80% Tariff on China” via Truth Social, a step down from the current 145% but still above the sub-60%…

Ethereum’s new staking limit is not a risk to decentralization, says Consensys researcher

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Ethereum’s Pectra upgrade doesn’t pose a threat to decentralization, according to Mallesh Pai, senior research director at blockchain software firm Consensys, describing the update as a cleanup of the behind-the-scenes “busy work” currently handled by validators. During a May 9 Cointelegraph X Space, Pai said a validator’s chances of proposing a block or earning rewards remain tied to how much ETH they hold, adding that larger validators don’t gain any new advantages under the upgrade: “Rewards continue to be proportional to the amount of ETH you have. […] it’s not…