Category: Other Crypto News

Polymarket Records First Drop in Monthly Trading Volume Since August

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Monthly trading volume on the Polymarket prediction market fell by about 8.9% in April, the first decline in month-to-month activity since August as rivals like Kalshi increase their market share. Polymarket and its US-based trading application collectively generated more than $10.2 billion in volume in April, compared to more than $11.2 billion in March, according to data from Dune Analytics. However, rival Kalshi’s April trading volume surged by about 13%, climbing to about $14.8 billion, Dune data shows.  The total monthly trading volume for prediction markets also increased to about…

Coinbase CEO Unpacks The Crypto Bill’s Biggest Promise For The US Financial System

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As the Senate Banking Committee prepares to mark up the long-anticipated CLARITY Act on Thursday, Coinbase CEO Brian Armstrong has argued that the newest version of the bill represents a workable “compromise” and could meaningfully improve the US financial system.  Speaking to FOX Business, Armstrong said the updated draft reflects concessions on both sides—what he described as the crypto industry meeting requests from bank lobbyists and lawmakers, while the banking sector also gave ground during negotiations. Coinbase CEO’s CLARITY Act Pitch Armstrong also highlighted one specific element tied to stablecoin…

Bitcoin Short-Term Holder Sell Pressure Eases as Traders Monitor CLARITY vote

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Bitcoin (BTC) traders expected a quick move toward $90,000 after the upcoming CLARITY Act vote on Thursday, as improving market conditions and easing short-term sell pressure support an upside move.   Bitcoin market signals potential breakout above $80,000 Bitcoin has traded around the $80,000 level over the past week, while the 200-day exponential moving average (EMA) remains key overhead resistance. More than $3 billion in leveraged long positions are clustered between $79,000 and $78,000, suggesting BTC could briefly retest that range before attempting another breakout above the 200-day EMA.  BTC/USDT, one-day…

Bitcoin and several major altcoins are at a crucial juncture

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Key points: Bitcoin has reached a crucial support, as a break below the $79,000 level may deepen the pullback. Several major altcoins are facing selling pressure, indicating that the bears remain in the game.  Bitcoin (BTC) extended its pullback on Wednesday and slipped below the $80,000 level. However, analysts remain optimistic about BTC’s prospects in the near term. Analyst CRG said in a post on X that BTC did not break above the Ichimoku cloud even once during the previous bear market, and when it did, a new bull market…

Bitcoin Just Entered A Deceptive Territory, Here’s What You Should Know

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Bitcoin’s recent price behavior has been everything the bulls hoped for, and that may be precisely the problem. Since bottoming out around $63,000 in early April, Bitcoin has posted a sequence of higher highs and higher lows and has now reclaimed $80,000. The structure looks bullish. However, technical analysis shows that Bitcoin has now entered into deceptive territory. Bitcoin’s Uptrend May Be Hiding A Compression Phase Bitcoin’s price action is now forming an interesting but deceptive pattern. The pattern in question is a rising wedge that has been forming on Bitcoin’s…

Societe Generale Expands Tokenized Collateral and Stablecoin Push on Canton

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Societe Generale said its digital assets subsidiary Societe Generale-FORGE will deploy EUR and USD CoinVertible stablecoins on the Canton Network and support tokenized collateral and repo financing activity on the network. The Paris-based bank said it plans to use the network for collateral management and short-term financing transactions tied to tokenized assets. It added that Canton’s infrastructure could be used for collateral mobility, margin management and risk management workflows tied to tokenized assets. SG-FORGE said its EURCV and USDCV stablecoins will be used for settlement, financing and cash management activity…

US Government Asks for $1M in Forfeiture from Ex-Celsius Exec Ahead of Sentencing

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Roni Cohen-Pavon, the former chief revenue officer of defunct cryptocurrency lending platform Celsius, will likely turn over more than $1 million as part of a forfeiture order by US authorities ahead of his sentencing hearing. In a Tuesday court filing, US Attorney for the Southern District of New York Jay Clayton said that Cohen-Pavon had consented to a $1,070,000 judgment “representing the amount of proceeds traceable” to the former Celsius executive’s crimes. Clayton said that Cohen-Pavon would receive credit for any funds, in cash or crypto that he had on…

Here’s When Bitcoin Could Reach $10M Under Power Law Model

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Physicist Giovanni Santostasi says Bitcoin’s long-term price trajectory is not best understood as an S-curve, speculative bubble, or simple exponential trend, but as a power law similar to patterns found in cities, biology and other natural systems. Speaking with Nathalie Brunell on the May 12 episode of the Coin Stories podcast, the director of the Scientific Bitcoin Institute argued that Bitcoin’s historical data points to roughly $1 million per coin in about eight years and $10 million in roughly 20 years. Santostasi explained his Bitcoin Power Law thesis in detail.…

Fidelity International Launches Tokenized Fund With Chainlink Support

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Fidelity International, a global asset manager with about $1 trillion in client assets, has launched a tokenized liquidity fund assessed by Moody’s Ratings. The new Fidelity USD Digital Liquidity Fund (FILQ) is issued on blockchain infrastructure linked to Chainlink and was launched through Sygnum Bank’s tokenization platform. According to Sygnum, the fund received a AAA-mf assessment from Moody’s Ratings, a designation used for money market funds that signals strong credit quality and liquidity. “This marks an important milestone in the evolution of capital markets, demonstrating how tokenized liquidity products can…

Press Release

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Aerodrome voting opens May 28. Mainnet Launch: June 4. This quarter, AI started writing its own exploits. Tea is shipping the trust layer underneath it. Code Is Abundant. Trust Is Not. In the span of seven days, the ground beneath the software shifted twice. On May 4, The Conversation published the most widely-circulated post-mortem yet of Anthropic’s Claude Mythos Preview, the frontier model Anthropic itself declined to release, because it can autonomously discover zero-days, generate working exploits, and execute multi-step cyber operations with minimal human oversight. Days later, Google’s Gemma 4…