Ethereum Pectra upgrade adds new features — How long before ETH price reacts?

Key takeaways: Reclaiming the $2,200 level remains the first price challenge for ETH.  ETH price could recover if the Pectra upgrade leads to a surge in DApp and Ethereum network activity.  Ethereum successfully implemented a key network upgrade on May 7, but Ether (ETH) price and its derivatives metrics showed little response to the upgrade….

Arizona governor signs law for state to keep unclaimed crypto

Arizona Governor Katie Hobbs has signed a bill into law allowing the US state to keep unclaimed crypto and establish a “Bitcoin Reserve Fund” that won’t use any taxpayer money or state funds. Hobbs signed House Bill 2749 into law on May 7, which allows Arizona to claim ownership of abandoned digital assets if the…

Falling DXY part of US financial system’s ‘long-term transition’ — Will Bitcoin continue to shine?

What to know: Lyn Alden says a weaker dollar is necessary for the US to stabilize its financial system. Bitcoin and gold are well-positioned to benefit from de-dollarization. Sovereign wealth funds and various nations are already increasing their Bitcoin exposure as the dollar’s global dominance starts to wane. The weakening of the US dollar (DXY)…

Strive Goes Public Via Merger With Asset Entities (ASST) to Launch Bitcoin (BTC) Treasury Strategy

Shares of tech company Asset Entities (ASST) rose 194% on Wednesday after it announced that Strive Asset Management was merging with the NASDAQ-listed company to become a publicly traded Bitcoin (BTC) Treasury Company. The deal, structured as a reverse merger, will leave the combined company operating under the Strive name and listed on the NASDAQ….

Price predictions of major cryptocurrencies

Key points: Bitcoin price hangs near $97,000 as traders await today’s FOMC minutes. Bitcoin holding $95,000 as support is key for bullish price expansion in the short term. Select altcoins are holding their respective support levels, opening the gates for a short-term rally. Bitcoin (BTC) bulls are trying to knock down the immediate resistance at…

Price predictions of major cryptocurrencies

Key points: Bitcoin price hangs near $97,000 as traders await today’s FOMC minutes. Bitcoin holding $95,000 as support is key for bullish price expansion in the short term. Select altcoins are holding their respective support levels, opening the gates for a short-term rally. Bitcoin (BTC) bulls are trying to knock down the immediate resistance at…

SocialFi has failed to take off — Here’s what needs to change

Opinion by: Anurag Arjun, co-founder of Avail  On paper, SocialFi is a no-brainer. It promises to shift the balance of power in social media — giving people control over how their content and personal data are used and monetized. It even offers users a stake in the $200+ billion social media advertising market, a pie…

Here’s what happened in crypto today

Today in Crypto, Ethereum developers have activated the network’s Pectra upgrade, bringing smart accounts, higher staking limits and improved scalability through key Ethereum improvement proposals (EIPs), US Democrats have launched a new assault targeting President Donald Trump’s involvement in various memecoin and crypto ventures, and New Hampshire has greenlit state crypto investments. Ethereum’s “Pectra” network…

Crypto miner deserts Pennsylvania site, fails to plug wells: Report

Cryptocurrency miner Diversified Energy quietly vacated a natural gas-powered crypto mining site in Elk County, Pennsylvania, reportedly leaving behind unplugged wells and regulatory violations. The site, known as Longhorn Pad A, was revived in 2022 after sitting dormant for nearly a decade when Diversified began using it to fuel on-site generators powering cryptocurrency mining computers,…

Why is Bitcoin price up today?

Key takeaways: Bitcoin gained 2% to $96,530 on May 7, fueled by US-China trade deal hopes. BTC price rises with $83.6 million in short liquidations, with open interest up 26% to $64.4 billion, signaling strong bullish momentum. A classic bullish reversal pattern is still in play, targeting BTC price at $100,000 and beyond. Bitcoin (BTC)…