The total stablecoin market cap in the Ethereum ecosystem has jumped approximately 1 million-fold since the token reached $1,400 for the first time in January 2018. According to data on DeFi Llama, the ETH (ETH) stablecoin market cap has gone up to around $124.5 billion on May 6. However, it has declined by 0.08% or…
Unconfirmed reports are circulating online that Jeffy Yu, founder of the small-cap crypto project Zerebro, may have taken his own life during a livestream on Pump.fun on May 4. The video circulating on X appears to show Yu smoking a cigarette before shooting himself in the neck. While the footage has been widely shared, the…
Two long-dormant Bitcoin wallets from the early “Satoshi era” have suddenly become active after more than a decade of silence, moving a combined $325 million worth of Bitcoin just ahead of a major U.S. Federal Reserve interest rate decision. According to blockchain analytics platform Spot On Chain, the first whale transferred 2,343 BTC, valued at…
Ethereum is holding firmly above the $1,793 support as the highly anticipated Pectra upgrade approaches on May 7. After weeks of sideways trading, the $1,793 support has become a critical zone, and its ability to hold could dictate Ethereum’s (ETH) next move. Ethereum now faces a potential turning point after a difficult start to the…
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. In January 2025, DeepSeek’s R1 surpassed ChatGPT as the most downloaded free app on the US Apple App Store. Unlike proprietary models like ChatGPT, DeepSeek is open-source, meaning anyone can access the…
VRA rallied as high as 45% today, breaking out of a bullish pattern following new partnerships while outpacing a broader market downturn. Verasity (VRA) surged to an intraday high of $0.0032 on May 6 during afternoon Asian trading, pushing its total gains to over 250% since hitting its monthly low. VRA’s strong performance made it…
India’s Supreme Court has raised concerns over unregulated Bitcoin trading, comparing it to a refined form of Hawala during a recent bail hearing in a crypto-related case. According to local media, the observation came as the court questioned the absence of a clear regulatory framework for virtual currencies in the country. The bench, comprising Justices…
Riot Platforms sold 475 BTC in April, marking the largest single-month BTC liquidation in the company’s history. Riot Platforms, the second largest publicly traded Bitcoin mining firm by market cap, announced Monday that it had sold 475 BTC in April at an average price of $81,731, generating $38.8 million in net proceeds. The sale, disclosed…
TreasureDAO will shut down its ZKsync-based Treasure Chain on May 30, nearly five months after announcing urgent cost-cutting measures and securing temporary emergency powers. TreasureDAO is pulling the plug on Treasure Chain, its own network built on ZKsync’s layer-2 scaling solution, by May 30 after TIP-52 passed, giving the core team emergency powers to handle…
Florida has become the latest state to drop plans for a Strategic Bitcoin Reserve, shelving two key bills that would have allowed public funds to be invested in Bitcoin. According to the Florida Senate, both of Florida’s Bitcoin reserve bills, House Bill 487 and Senate Bill 550, were “indefinitely postponed and withdrawn from consideration” on…
