There Are More XRP Whales Than Ever: Will it Trigger a Price Breakout to $2?

XRP (XRP) has recovered from its April lows of $1.26, rising as much as 19% to a three-week high of $1.50 on Sunday. Whale activity, network growth and a strengthening technical setup suggested that the XRP/USD pair was primed for a move higher once resistance at $1.50 is broken.  Key takeaways: XRP whale addresses hit…

Bitcoin Can Still Hit $85,000 as Stocks Head to New All-Time Highs

Bitcoin (BTC) touched $80,000 around Thursday’s Wall Street open as US stocks hit fresh all-time highs and oil retested $100. Key points: Bitcoin rebounded to $80,000 while US stock markets hit new records, ignoring high inflation. Risk appetite is “skyrocketing,” analysis says, despite worries over central-bank policy tightening. Bitcoin can still head to $85,000 next,…

FTX Victims Sue Law Firm Fenwick & West For $525M Over Alleged Role In Collapse

A group of 20 victims from five countries or jurisdictions has filed a $525 million lawsuit against Fenwick & West LLP, one of Silicon Valley’s top tech law firms, accusing it of helping conceal the FTX fraud. The complaint, filed Wednesday in the US District Court for the District of Columbia, names the firm alongside…

U.S. Clarity Act markup leaves BTC price unstirred: Crypto Daily

This is an excerpt from CoinDesk newsletter ‘Daybook.’ Sign up here, if you haven’t already. The week’s main event for digital assets, the U.S. Clarity Act markup, is due later today. The crypto market, led by bitcoin, seems to be treating it as a non-event. The proposed bill aims to establish a comprehensive regulatory framework…

Early altseason signs emerge as altcoins begin to show bullish signs

Crypto market analysts say increasing altcoin performance and volumes on Binance, a rising altseason index and a strengthening TOTAL2 macro structure are early signs that the market could enter an altseason in 2026. Key takeaways: Altcoin recovery signals emerge, hinting at a potential altseason in 2026. Rising altcoin trading volume on centralized exchanges and AltSeason…

BitGo Posts $3.8B Revenue, $60.7M Loss amid Bitcoin Decline and IPO Costs in Q1

Digital asset infrastructure company BitGo reported a wider first-quarter net loss as Bitcoin treasury mark-to-market losses and IPO-related expenses outweighed stronger client growth and a year-over-year jump in revenue. Revenue for the quarter ended March 31 was $3.8 billion, up from $1.8 billion a year earlier, driven by higher digital asset trading activity and growing…

New York Judge Pushes Back Hearing for Aave’s Bid to Unfreeze $71M in ETH

A New York judge has delayed a decision on Aave’s emergency bid to unfreeze $71 million worth of crypto tied to victims of the $293 million Kelp DAO hack, asking for additional information ahead of a new hearing in June.  Aave has sought to use $71 million in ETH that Arbitrum froze to assist with…

Bitcoiner Claims Claude Helped Him Recover 5 Bitcoin

A Bitcoiner’s post has gone viral on X after he claimed to use Anthropic’s AI chatbot Claude to recover 5 Bitcoin worth about $320,000 that he had been unable to access for more than a decade.  In an interview with MTS on Wednesday, pseudonymous X user Cprkrn said he made fairly “really complicated passwords” on…

Joe Lubin’s Consensys has delayed its potential IPO until fall

Consensys, the Ethereum development firm led by Joe Lubin, has pushed back its potential U.S. public offering until fall at the earliest due to poor market conditions, according to two people familiar with the situation. The MetaMask wallet builder had reportedly engaged bankers from JPMorgan and Goldman Sachs last year to lead the process. Consensys…

Coinbase CEO Brian Armstrong Says Clarity Act ‘Closer Than Ever’

Coinbase CEO Brian Armstrong is supporting the latest version of the Digital Asset Market Clarity Act (CLARITY) ahead of the US Senate’s markup of the crypto market structure bill on Thursday.  “I don’t think it’s ever been in a stronger or more bipartisan position,” he said about the latest iteration of the market structure bill….