Category: Other Crypto News

Grayscale Calls Hyperliquid A Breakout Success Story In New Research Report

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Kalshi Sues Minnesota, CFTC Files Against Rhode Island as Prediction Markets Legal Battles Continue

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The US Commodity Futures Trading Commission (CFTC) and companies behind prediction market platforms are continuing legal fights against state-level authorities, with the latest battlegrounds centered in Rhode Island and Minnesota. Last week, Minnesota Governor Tim Walz signed a bill into law amending statutes to prohibit advertising, creating, operating or otherwise facilitating prediction market platforms. The move prompted CFTC Chair Michael Selig to file in federal court less than 24 hours later, alleging Minnesota and its officials had enacted the “first outright ban” on prediction markets. Source: PACER That set up…

Bit Digital Expands ETH Holdings to 158K Ether After $20M Purchase

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Bit Digital purchased $20 million worth of Ether earlier this month, increasing its holdings to roughly 158,462 ETH. The Nasdaq-listed company said Thursday it acquired 8,568 ETH (ETH) on May 11 at an average price of $2,334.25 per token. CEO Sam Tabar said the purchase reduced Bit Digital’s average ETH acquisition cost and was part of the company’s strategy to grow net asset value per share through Ethereum accumulation, AI infrastructure and acquisitions. Bit Digital operates across Ethereum treasury management, AI and high-performance computing infrastructure and strategic acquisitions. Its WhiteFiber…

HYPE Whale Bets Grow Larger As Institutional-Linked Accumulation Reaches $170M

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HYPE has pulled back below $60 as the broader market faces selling pressure that has touched even the strongest performers of recent weeks. The retreat from all-time highs is real — but data from Arkham Intelligence has revealed a transaction that puts the current price weakness in a context that changes how it should be read. Related Reading The wallet linked to Andreessen Horowitz — the Silicon Valley venture capital firm universally known as a16z, whose dedicated crypto fund has been one of the most influential institutional forces in digital…

SEC’s Hester Peirce Defends Crypto Privacy Tools Amid Surveillance Concerns

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US Securities and Exchange Commission (SEC) Commissioner Hester Peirce said financial privacy is becoming increasingly undervalued in US regulation, warning against treating privacy-preserving technologies with suspicion. Speaking Wednesday at Georgetown Law, Peirce described privacy-enhancing technologies, including cryptographic tools, as legitimate components of modern financial infrastructure rather than tools primarily associated with criminal activity. Peirce said that protecting financial privacy does not conflict with national security objectives. “Empowering government to be able to identify, pursue, and punish the bad guys is important to the security of the nation and its people,…

Bitcoin Dip Marks Distribution But BTC May Avoid New Bottom

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Bitcoin’s drop below $73,000 on Wednesday marks a short-term turning point for the market, as multiple BTC distribution signals point toward rising sell-side pressure.  While the increasing chance of a correction into the $60,000 to $70,000 range remains in play, long-term holder data points to improving investor sentiment, suggesting that traders view the current price as a buying opportunity. Coinbase discount confirms market stress Crypto analyst CryptoOnChain noted that Bitcoin’s drop to $72,500 followed a period of weakening spot demand and unsustainable long positioning in derivatives markets. The Coinbase premium…

Treasury Secretary Urges CLARITY Act Passage, Saying The US Should Be Home For Crypto

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Ronaldo is an experienced crypto enthusiast dedicated to the nascent and ever-evolving industry. With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies. Ronaldo’s journey began with a spark of curiosity, which soon transformed into a deep passion for understanding the intricacies of this groundbreaking technology. Driven by an insatiable thirst for knowledge, Ronaldo has delved into the depths of the crypto space, exploring its various facets, from blockchain fundamentals to market trends and investment strategies. His tireless exploration…

Shiba Inu OI Crashes Over 30%, SHIB Burns Grind To A Halt; Is This The End?

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The Shiba Inu (SHIB) price has remained under strong pressure this year as weak demand and fading market momentum continue to weigh on the meme coin. Beyond the price decline, new data now show that Shiba Inu’s Open Interest (OI) has crashed by more than 30%, while its burn rate has also slowed significantly. The decline in these key metrics points to weakening investor interest, lower trading activity, and reduced network engagement. Combined with Shiba Inu’s ongoing price struggles, these growing bearish signals have raised concerns about whether Shiba Inu…

Ethereum (ETH) Drops Below $2,000—Why Standard Chartered Still Expects $40,000 By 2030

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Ethereum (ETH) has followed Bitcoin (BTC) and much of the wider crypto market lower over the past 48 hours, dropping below the key $2,000 support level and reigniting concerns among some investors that a longer bear phase could be underway.  Even with the recent slide, Standard Chartered’s Digital Assets Research Head, Geoff Kendrick, says the bank is not backing away from its bullish long-term outlook for Ethereum. Ethereum Price Will Catch Up In a note to investors on Thursday, Kendrick reaffirmed Standard Chartered’s core projection for Ethereum’s performance over the…

Trezor Launches USDC, USDT Yield in Trezor Suite Through Morpho

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Trezor has integrated native stablecoin yield functionality into Trezor Suite, the hardware wallet provider’s desktop and mobile application, in a move that could make earning yield on stablecoins more accessible to users who have traditionally avoided decentralized finance due to its complexity and security risks. Announced on Thursday, the feature comes through an integration with Morpho, a decentralized lending protocol built on Ethereum. The integration allows users to deposit USDt (USDT) and USDC (USDC) into pre-selected Morpho vaults directly through Trezor Suite without connecting external wallets or using separate DeFi…