Month: May 2025

Ethereum’s era of crypto dominance is over — LONGITUDE panel

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Ethereum’s relative dominance among layer-1 (L1) blockchain networks has declined, resulting in an “open race” to become the leading Web3 platform, according to Alex Svanevik, CEO of data service Nansen. “If you’d asked me 3–4 years ago whether Ethereum would dominate crypto, I’d have said yes,” Svanevik said during a panel discussion at the LONGITUDE by Cointelegraph event. “But now, it’s clear that’s not what’s happening.” Ethereum is still the most popular L1 network. According to data from DefiLlama, its roughly $52 billion in total value locked (TVL) represents 51%…

Trump Endorses Senator’s Push for US to Amass Bitcoin Reserves

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Sen. Cynthia Lummis (R-WY) declared this week she is “particularly pleased” with President Donald Trump’s endorsement of her proposed strategic bitcoin reserve, a plan she claims will tackle the national debt and solidify U.S. dominance in financial innovation. ‘America Must Lead’ on Bitcoin, Says Lummis After Trump Backs Reserve Plan The Boosting Innovation, Technology, and […] Original

Most shops in Cannes to accept crypto by summer this year — Web3 exec

Merchants in Cannes, France, the site of the international Cannes Film Festival, are set to begin accepting crypto payments by summer this year in an effort to attract clientele with high disposable income by modernizing the city’s commercial payment ecosystem. According to Artem Shaginyan, founder and head of strategy of Web3 payment company Lunu Pay, the Cannes municipal government is aiming for a 90% adoption rate among local merchants. The executive also told Cryptox: “This is a big signal. When a city like Cannes, known globally for culture and commerce,…

BTCC Exchange Scores Big on Day One of TOKEN2049 Dubai With Interactive Basketball Experience and Viral Mascot Nakamon

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This content is provided by a sponsor. PRESS RELEASE. May 2, 2025 – BTCC, one of the world’s longest-serving cryptocurrency exchanges, made a spectacular splash on the first day of TOKEN2049 Dubai with its eye-catching basketball-themed booth and widely popular mascot Nakamon, attracting thousands of crypto enthusiasts, traders, and industry professionals. Following the announcement of […] Source

Crypto skeptic to release SBF, Mashinsky interviews in documentary

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Ben McKenzie, an actor known for his roles on television shows including Gotham and The OC, will make his directorial debut in a scathing documentary about cryptocurrency. According to an April 29 Deadline report, McKenzie wrote, directed, and produced the documentary Everyone Is Lying To You For Money, set to premiere at SXSW London in June. The film features footage from 2022 of former FTX CEO Sam “SBF” Bankman-Fried and former Celsius CEO Alex Mashinsky before their respective companies folded.  “Why is the false story of crypto still spreading?” said…

Veteran Analyst Brandt Predicts Bitcoin Surge To $150K

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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. Prices for bitcoin skyrocketed to the $97,000 level today, increasing more than 2% and closing in on the symbolic $100,000 level. The cryptocurrency is in its continuing surge that…

Record Stablecoin Liquidity Fuels Bitcoin’s Exit From Bearish Territory

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Bitcoin has exited its bearish phase as improving liquidity conditions and record stablecoin reserves signal renewed market strength, according to a recent report by blockchain analytics firm Cryptoquant. Stablecoin Surge Signals Bitcoin Recovery, Cryptoquant Reports The total market capitalization of stablecoins reached a record high, a threshold historically linked to upward momentum for bitcoin ( […] Original

Solana Challenger Sui Jumps After 21Shares Files for SUI Exchange-Traded Fund

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The Solana (SOL) competitor Sui briefly ticked up in price on Thursday after news broke that the crypto exchange-traded fund (ETF) provider 21Shares filed for a spot SUI ETF in the US. SUI was trading around $3.56 prior to the announcement and jumped to a high of $3.75 a few hours later, an increase of more than 5%. The 13th-ranked crypto asset by market cap has since retraced and is trading at $3.57 at time of writing. Duncan Moir, president of 21Shares, says the Sui ETF filing, which is subject…

Senator Lummis claims Trump supports 1M Bitcoin strategic reserve bill

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Sen. Lummis stated that Donald Trump supports her BITCOIN Act, which would mandate that the government accumulate 1 million Bitcoins. Bitcoin strategic reserve could soon become a reality. On a Friday, May 2 speech to the U.S. Senate, Senator Cynthia Lummis stated that U.S. President Donald Trump supports her BITCOIN Act. The BITCOIN Act is the only solution to our nation’s $36T debt. I’m grateful for a forward-thinking president who not only recognizes this, but acts on it. pic.twitter.com/NVWH6v2EcH — Senator Cynthia Lummis (@SenLummis) May 2, 2025 I’m particularly pleased…

XYO Network tops 10M DePIN nodes — Co-founder

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XYO Network has onboarded more than 10 million nodes to its decentralized physical infrastructure network (DePIN), co-founder Markus Levin told Cointelegraph in an interview. The nodes mostly comprise human users who provide data in exchange for rewards via the network’s mobile application, COIN. “The vast majority of our 10 million nodes are mobile users, but some are IoT devices like smart speakers,” Levin told Cointelegraph.  Approximately 80% of XYO’s users are non-crypto natives who are participating in Web3 for the first time, he added. They include truckers, rideshare drivers, delivery…