Month: May 2025

ATOM Surges More Than 4% With Broader Market as Cosmos Ecosystem Attracts Institutions

The Cosmos ecosystem is gaining significant institutional attention amid broader market volatility, with ATOM showing remarkable resilience after recovering from a drop to $4.23 on April 30th to stabilize above $4.38. The price of ATOM rose more than 4% in the last 24 hours, while the broader market gauge CryptoX 20 Index climbed nearly the same amount. This recovery comes as Canary Capital files for the first spot Sei ETF built on Cosmos SDK, featuring staking capabilities that could set a precedent for similar products across the ecosystem. Meanwhile, Figure’s…

Bitcoin Breaks $97K as Markets Defy Weak Employment Data

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Jobless claims surged at the end of April according to fresh data from the Department of Labor, but both traditional and crypto markets still rallied Thursday morning. Markets Rally: Bitcoin Hits $97K Even as Jobs Data Disappoints The number of unemployed Americans filing for jobless benefits swelled to a seasonally adjusted 241,000 for the week […] Original

Dogecoin Could Hit $1.42 This Cycle In Bull Case, Says 21Shares

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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. Research house and exchange-traded-product issuer 21Shares is arguing that Dogecoin has matured into “a smart addition to your portfolio,” projecting a bull-market price target of $1.42 per coin if…

Coinbase suspends trading for MOVE token

Crypto exchange Coinbase has announced it will suspend trading of Movement Labs’ native token effective May 15. The decision was shared in a May 1 post on X, with Coinbase citing the token’s failure to meet its listing standards. According to CoinMarketCap, the MOVE token declined by 13.6% in the last 24 hours. Coinbase announced: “Trading for MOVE will be suspended on Coinbase, Simple and Advanced Trade, Coinbase Exchange, and Coinbase Prime. We have moved our MOVE order books to limit-only mode. Limit orders can be placed and canceled, and…

Devs introduce Ethereum R1 layer-2 scaling solution

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A group of developers within the Ethereum ecosystem, operating independently of the Ethereum Foundation, have announced Ethereum R1 — a layer-2 (L2) scaling solution for the Ethereum network that does not include a native token. According to the announcement, the project relies entirely on donations, does not have venture funding, and does not have any pre-mined token allocations or a governance token. The project’s team wrote in a May 1 X post: “General-purpose L2s should be commodities — simple, replaceable, and free from centralized dependencies or risky governance. Ethereum R1…

‘Annoying As Hell’ – Analyst Predicts XRP Will Crash 30%

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XRP fell below $2.30 this week, wiping out all the gains registered in last week’s short-lived rally. The cryptocurrency, which had risen 8% from $2.06 to $2.28 last week, has now lost 3.5% from Monday’s opening price and 7% from its weekly high of $2.36. Market Expert Forecasts Potential 30% Fall To $1.55 A cryptocurrency analyst, Block Bull, forecasts that XRP might drop much deeper in the near future. From the analyst’s April 29 X post, XRP could not break the resistance level at the top of a bull flag…

Trump-Linked NexusOne Launches to Influence U.S. Crypto and AI Policy

A new government relations firm that includes former administration officials started operations in Washington, D.C. to help crypto and artificial intelligence companies shape U.S. policy. NexusOne Consulting is led by Jeff Ifrah, a white-collar defense attorney; Jim Trusty, a former government lawyer who has represented the Trump administration; and Ross Branson, who served in the Commerce Department during President Donald Trump’s first term. “There’s a once-in-a-generation opportunity to shape the future of tech policy,” Ifrah said in a press release. “We’re here to make sure innovators don’t just react to…

Malaysian Police Raid Illegal Bitcoin Mining Operation

Key Notes Malaysian police seized 45 illegal Bitcoin mining machines worth $52,145. The operation stole $8,342 worth of electricity each month. No arrests were made, but investigations are ongoing. The Malaysian police carried out a raid on an illegal Bitcoin mining syndicate operating in the Hulu Terengganu and Marang districts on April 30. Authorities believe the operation, based in the northeastern region of Malaysia, was using stolen electricity to power its Bitcoin mining activities. According to a report from a local news outlet, the raids took place at two separate…

Bitcoin surges past $97k as bulls build momentum

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Bitcoin surged past the $97,000 mark on Wednesday, climbing to a high of $97,546 before pulling back slightly, as traders continue to test key resistance levels.  The move came after days of tight price action between $93,000 and $96,000, with total market capitalization reaching $1.90 trillion and 24-hour trading volume hitting $29.88 billion, according to recent crypto.news data.  The rally builds on momentum that began in mid-April, when Bitcoin (BTC) decisively broke out of a long-standing consolidation phase near $74,400. Technical indicators suggest continued upward pressure, with major support now…

Terengganu Police Dismantle Bitcoin Mining Syndicate in Electricity Theft Crackdown

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Terengganu police and Tenaga Nasional Berhad (TNB) dismantled a syndicate accused of stealing electricity to power illegal bitcoin mining operations in Hulu Terengganu and Marang districts on Tuesday, seizing 45 machines worth RM225,000. Police, TNB Raid Illegal Bitcoin Mining Operations in Hulu Terengganu, Marang The joint operation, codenamed Op Letrik, targeted two premises—one in Bukit […] Original