Tag: Crypto

The Crypto Industry Is Dying, That Is A Good Thing: Pompliano

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Anthony Pompliano says most of the crypto industry is already dead and that the market has not fully admitted it yet. In a May 6 video posted on X, the Bitcoin investor and commentator argued that the sectorโ€™s long tail of unused chains, illiquid tokens and speculative projects is being cleared out as the parts with real utility merge into the broader financial system. Pompliano said the reaction to his initial post on X was immediate and hostile. He had written that โ€œmost of the crypto industry is dead and…

Crypto PACs Spend $7.2M to Support Candidates in 5 US States with Midterms Looming

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Political action committees (PACs) affiliated with the cryptocurrency company-backed Fairshake reported spending millions of dollars to support candidates in five races, with less than six months until US voters decide on their representatives in Congress. According to filings with the Federal Election Commission this week, the Protect Progress PAC reported about a combined $1.6 million in expenditures for Jasmine Clark and Christian Menefee, Democrats running to represent Georgiaโ€™s 13th Congressional district and Texasโ€™ 18th district, respectively.ย  The reported media buys came before Clark will face a May 19 Democratic primary…

Fund Managers Boost BTC Exposure as Crypto Sentiment Rebounds: CoinShares

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Fund managers are warming back up to digital assets, with Bitcoin continuing to dominate allocation preferences even as broader crypto sentiment improves, according to a new survey by CoinShares. The April survey gathered responses from 26 institutional investors overseeing a combined $1.3 trillion in assets under management. Allocations to digital assets remain relatively modest, at around 1%, reflecting what CoinShares described as โ€œtypical entry sizingโ€ in the current de-risking environment. โ€œBitcoin remains the digital asset with the most compelling growth outlook,โ€ CoinShares head of research James Butterfill wrote in the…

GIGANTIC XRP NEWS!!! THIS MEANS EVERYTHING FOR XRP?!?!

โ–ถ Coinbase Website: Coinbase.com โ–ถ CEX Website: cex.io ๐Ÿšจ XRP and Flare holders โ€” you need to hear this. Flare Networks has TEMPORARILY paused FXRP cross-network bridging between Flare, Ethereum, Base, and other supported chains. Let me be crystal clear: this is a PRECAUTIONARY move, NOT a Flare exploit. FXRP on Flare itself remains FULLY operational โ€” minting, redemption, and DeFi are all good (Flare Networks). Here’s what actually happened: the broader DeFi ecosystem got hit by the largest hack of 2026 so far โ€” the Kelp DAO rsETH exploit,…

Bitcoin lenders push crypto lending into TradFi

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Bitcoin lenders at Consensus Miami 2026 said crypto lending must look and feel more like traditional banking if it wants institutional capital to keep flowing in. Summary Two Prime CEO Alexander Blume said institutional borrowers reject DeFi complexity and demand standardized contracts, transparent custody, and clear legal accountability. Ledn CEO Adam Reeds said the most important question for borrowers is where their bitcoin is stored, while Lygos CEO Jay Patel said borrowers must now underwrite the lender. The panel reflected a broader post-2022 shift following the collapse of Celsius, Voyager,…

Why Big Finance’s Crypto Shift is Just the Beginning โ€“ Bitcoin News

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Key Takeaways At Consensus 2026, Eric Trump praised an 18-month crypto boom, predicting massive future market growth. Showing impact, JPMorgan now lets clients secure home mortgages using their bitcoin as collateral. Trumpโ€™s crypto allegiance comes after he discovered crypto while the Trump business was being debanked. Eric Trump Predicts Explosive Growth of the Crypto Market While the cryptocurrency industry has reached a sort of established status in the current financial system, some believe this is just the start. Eric Trump, son of President Donald Trump, co-founder and CSO of American…

The Uncomfortable Truth About Crypto No One Wants To Admit

โ–ถ Coinbase Website: Coinbase.com โ–ถ CEX Website: cex.io Ethereum sucks, BTC, SpaceX top market, Iran crisis, and more! ๐Ÿคซ BITUNIX TRADE THE TOP COINS (available everywhere) ๐Ÿ‘‰ Join the Inner Circle for exclusive content and updates ๐Ÿš€ ๐Ÿ‘‰ ๐Ÿ‘‰ GET OUR FREE INNOVATION REPORT WITH THE TOP 10 STOCKS TO WATCH FOR 2026 ๐Ÿ‘‰ FREE NEWSLETTER! Join 193,000 Weekly Readers Getting Actionable Insights ๐Ÿ‘‰ Follow on Instagram for market highlights, mindset, and financial insights ๐Ÿ“ˆ ๐Ÿ‘‰ Want to get your project in front of one of the biggest audiences in…

Crypto Polo Cup returns for its fourth edition in Palm Beach during Consensus Miami week

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Palm Beach, Florida, May 7, 2026 โ€“ Hosted by Luna PR, the fourth edition of the Crypto Polo Cup (CPC) will take place on May 9, 2026, at the Santa Clara Polo Club, alongside Consensus Miami. The invite-only event will bring together institutional leaders, founders, and investors across the digital asset and financial sectors. Since its debut in Palm Beach in 2022, Crypto Polo Cup has established itself as a premier gathering the intersections of digital assets, finance, and culture. Now in its fourth year, the 2026 edition will welcome…

Dogecoin Rally Hits Make-Or-Break Zone, Crypto Analyst Warns

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Dogecoinโ€™s rebound from recent lows has carried the memecoin into a dense resistance area, with crypto analyst Kevin of Kev Capital TA warning that the move remains a โ€œcounter trend rallyโ€ unless Bitcoin confirms a broader market reversal. In a May 6 market update, Kevin said Dogecoinโ€™s recovery has so far played out in line with his prior view that the asset was likely to see a rebound from deeply oversold levels. He noted that he entered a DOGE position around $0.09 and that the trade was up roughly 26.6%…

South Korea Confirms 22% Crypto Tax Goes Ahead in January 2027

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South Koreaโ€™s Finance Ministry has confirmed that a long-delayed tax on crypto gains will take effect as scheduled in January 2027. Moon Kyung-ho, director of the ministryโ€™s income tax division, announced at an emergency parliamentary forum on virtual asset taxation held at the National Assembly Membersโ€™ Office Building in Seoul on Thursday, according to South Korea news outlet Edaily. The forum was hosted by Representative Park Soo-young of the People Power Party and the Korea Tax Policy Association. โ€œWe will proceed with virtual asset taxation as scheduled in January next…