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Democrats Demand Subpoenas Over Suspicious Iran War Bets on Prediction Markets
A letter from seven House Democrats was sent to House Oversight Chair James Comer on Monday that urged for subpoena power to dig into a number of suspiciously timed trades on prediction markets tied to U.S. military operations in Iran. In a growing effort to crackdown on prediction markets, this latest letter is yet another...Cryptopolitan
Tue, May 12
Bitcoin Treasury Race Heats Up As Capital B Secures $18 Million
Europe’s second-largest Bitcoin treasury company just got a significant cash injection. Capital B, listed on the French stock exchange, has raised 15.2 million euros — roughly $17.8 million — through a private share placement, with notable backing from Blockstream CEO Adam Back and Paris-based...Bitcoinist
Tue, May 12
Shiba Inu Price Forecast: SHIB price eases after breakout as derivatives curb upside
Shiba Inu (SHIB) edges slightly down, trading at $0.0000065 on Tuesday after breaking out of its consolidation range last week. Derivatives metrics are capping SHIB’s upside move, while the meme coin’s broader technical structure remains supportive of further upside.Fxstreet
Tue, May 12
Ethereum Foundation advances Glamsterdam upgrade, announces new Protocol Cluster leadership
The Ethereum Foundation noted that developers have made significant progress toward Ethereum’s upcoming Glamsterdam upgrade following a recent interoperability event in Svalbard, Norway and also unveiled major leadership changes within its Protocol Cluster team.
Fxstreet
Tue, May 12
Solana To $500? Why Bulls Think AI Could Change The SOL Story
Solana’s AI narrative is gaining fresh support from crypto investors who argue that SOL may be positioned as a core financial infrastructure asset in an agent-driven economy. Parker White, COO of DeFiDevCorp, and Delphi Ventures founding partner Tom Shaughnessy both pointed to Solana’s speed, liquid...NewsBTC
Tue, May 12
Dogecoin (DOGE) Slows Near $0.1120, Bulls Face Crucial Test
Dogecoin started a fresh increase from the $0.1050 zone against the US Dollar. DOGE is now facing hurdles near $0.1120 and might aim for a larger rally. DOGE price started a decent upward move above $0.1080 and $0.1085. The price is trading above the $0.1090 level and the 100-hourly simple moving av...NewsBTC
Tue, May 12
Microsoft aimed for $92B return on OpenAI investment, Nadella says
A January 2023 memo from Microsoft President Brad Smith to the company’s board projected a $92 billion return on Microsoft’s cumulative $13 billion investment in OpenAI, according to court documents disclosed Monday, May 11. The figure surfaced during testimony by Microsoft CEO Satya Nadella at the federal courthouse in Oakland, California, per Bloomberg. “It has...Cryptopolitan
Tue, May 12
XRP Funding Rates Hint At Repeat Of $3.6 Surge Scenario
A 126% price surge that pushed XRP to an all-time high of $3.6 last July started with a pattern that looks a lot like what is happening right now. Related Reading: Swiss Bitcoin Reserve Effort Withdrawn After Resistance From Central Bank Shorts Dominating Despite Rising Prices Funding rates on Binan...NewsBTC
Tue, May 12
Ripple Gets Major Boost For Prime Brokerage Growth: $200M Debt Facility Announced
On Monday, Ripple announced that it had secured a $200 million debt facility from Neuberger Specialty Finance, an asset-based investment company dedicated to providing high-yield credit. The company said the financing is intended to support continued expansion of its multi-asset prime brokerage plat...Bitcoinist
Tue, May 12
Crypto Overview: Bitcoin hits the 200-day EMA wall as the Bank of Japan mulls over a rate hike
Bitcoin (BTC) hovers above $81,000 on Monday amid prolonged Middle East tensions and the possibility that the Bank of Japan (BOJ) could raise interest rates. Meanwhile, altcoins extend recovery with Cronos (CRO) and Injective (INJ) emerging as top performers over the last 24 hours.
Fxstreet
Tue, May 12
XRP Price Stays Firm Above $1.45, Upside Momentum Remains Strong
XRP price started a downside correction from the $1.5050 zone. The price is now consolidating and might aim for another increase if it stays above the $1.4450 zone. XRP price started a downside correction after it failed to stay above the $1.50 zone. The price is now trading above $1.4450 and the 10...NewsBTC
Tue, May 12
Arthur Hayes says AI will wreck the middle class by US midterms election and send Bitcoin ‘parabolic’
Arthur Hayes on Tuesday warned in his essay “The Butterfly Touch” that AI could become one of the biggest political fights in America before the November midterm elections, especially if rising power costs, job fears, and inflation keep hitting the middle class. Arthur added that Bitcoin is already beginning to price itself accordingly. He pointed...Cryptopolitan
Tue, May 12
Ethereum Price Rejected Near $2,400 Again, Sellers Defend Key Barrier
Ethereum price started a downside correction from $2,380. ETH is now showing a few bearish signs and might decline further if it trades below $2,300. Ethereum started a downside correction below the $2,360 zone. The price is trading below $2,350 and the 100-hourly Simple Moving Average. There was a ...NewsBTC
Tue, May 12
Bank of Japan rate-hike pressure grows as oil shock puts Bitcoin at risk
Bank of Japan board members called for swift interest rate hikes if inflation risks from the Iran war and energy shock persist, raising pressure on Japan’s crypto market. Minutes from the BOJ’s March meeting, released May 7, showed many board members supporting hikes if elevated oil prices continued to feed broader inflation. One member said...Cryptopolitan
Tue, May 12
Bitcoin Price Eyes $82K Break, Bulls Prepare For Bigger Rally
Bitcoin price started a downside correction from the $82,000 zone. BTC is consolidating and might aim for a fresh increase if it clears $82,000. Bitcoin failed to stay above $81,500 and extended losses. The price is trading above $80,500 and the 100 hourly simple moving average. There is a key contr...NewsBTC
Tue, May 12
Altcoin CEX Volume Ratio Hasn’t Looked Like This Since The 2021 Bull Run: Capital Rotation Or Bear Market Rally?
The altcoin market is gaining strength as a growing number of assets beyond the major names have begun pushing higher, drawing attention back to the broader ecosystem after months of Bitcoin-dominated price action. GugaOnchain has identified a specific signal in the volume data that suggests the shi...NewsBTC
Tue, May 12
South Korea delays Digital Asset Basic Act ahead of June elections
South Korea has delayed debate on its main digital asset bill until after June elections, postponing long-awaited rules for stablecoins, crypto exchanges, and institutional investors in one of the world’s busiest retail crypto markets. The National Assembly’s National Policy Committee left the proposed Digital Asset Basic Act off the agenda during its final bill-review subcommittee...Cryptopolitan
Tue, May 12
XRP Holds Range As Buyers Begin To Absorb Supply – The Setup Behind A Potential Breakout
XRP is struggling to push above the $1.50 level as the market heats up and buyers search for the momentum needed to break through resistance that has capped the recovery at every recent attempt. The price action is frustrating — sideways, unconvincing, and offering little clarity on direction. But a...Bitcoinist
Tue, May 12
Bitcoin Exits ‘Panic Zone,’ But Capital Inflows Remain Weak
On-chain data shows Bitcoin network conditions have improved recently, but net capital inflows are still of a relatively weak order. Bitcoin Realized Cap Now Rising, But Only In A Slow Manner As pointed out by CryptoQuant author Axel Adler Jr in an X post, Bitcoin has exited from the “panic zo...NewsBTC
Tue, May 12
TRUMP team moves $29M in tokens as sellers tighten grip on memecoin market
The Trump memecoin’s affiliated team has moved nearly $29 million in TRUMP tokens, even as the memecoin market continues to come under pressure. Blockchain tracking platform Lookonchain said wallets connected with the project had transferred millions of tokens to a separate address and later deposited a large amount into crypto custodian BitGo. The transfers came...Cryptopolitan
Tue, May 12
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