Why crypto’s next breakthrough could start in the classroom — Animoca’s Yat Siu

Ripple’s $25 million donation to a crypto education fund has reignited conversations about how blockchain projects are building influence through academia—but in the latest episode of Byte-Sized Insight, Animoca Brands’ co-founder Yat Siu says that money alone isn’t enough.  Instead, real-world use cases like student loans backed by DeFi may be crypto’s most convincing value…

How high can Bitcoin price go?

Key takeaways: Bitcoin was up 4.3% on May 9, after breaking $100,000  for the first time since February. BTC price gains trigger $800 million in short liquidations, the largest since 2021. A bull flag on the weekly chart suggests a $182,200 target, with analysts predicting Bitcoin’s price can go as high as $1 million in…

Uniswap (UNI) Surges 13.5% as Index Trades Higher

CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 3138.72, up 6.0% (+178.07) since 4 p.m. ET on Thursday. Nineteen of assets are trading higher. Leaders: UNI (+13.5%) and NEAR (+11.7%). Laggards: BCH (-0.6%) and POL (+1.1%). The…

Solana lacks ‘convincing signs’ of besting Ethereum: Sygnum

Solana does not yet have “convincing signs” that it could overtake Ethereum as the blockchain of choice for institutions, as its revenue is seen as unstable due to its memecoin concentration, according to crypto bank group Sygnum. In a May 8 blog post, Sygnum said that the current sentiment around Ethereum “remains poor,” with the…

US man who sent crypto to ISIS could remain in prison until age 65

A man from the US state of Virginia will spend over three decades behind bars after being convicted of sending crypto to the terrorist organization commonly known as the Islamic State of Iraq and Syria. Federal Judge David Novak sentenced Mohammed Azharuddin Chhipa to 30 years and four months in prison on May 7 for…

Zerebro dev is reportedly alive and at parents’ house: SF Standard

The 22-year-old developer of Zerebro, who apparently committed suicide during a livestream on May 4, is actually alive, according to a San Francisco news outlet that claims they spoke to Yu outside his family home.  The San Francisco Standard reporter George Kelly claimed on May 8 that he briefly spoke with Yu outside of his…

Bitcoin accepted at fast-food chain Steak ’n Shake from May 16

American fast food outlet Steak ‘n Shake has announced it will begin accepting Bitcoin as payment at all locations starting on May 16. The firm said on X on May 9 that it was making the cryptocurrency available to more than 100 million customers, adding that “the movement is just beginning,” before signing off as…

Bitcoin options highlight BTC’s potential to hit new all-time highs

Key takeaways: 97% of the $8.3 billion in Bitcoin put options expire worthless at a $102,000 BTC price. Short covering above $105,000 could trigger a Bitcoin price rally to new highs. Bitcoin (BTC) soared above $101,000 on May 8, reaching its highest level in over three months. The 4.6% daily BTC price gain triggered $205…

SEC, Ripple Ink $50M Settlement Agreement, Ask NY Judge for Green Light

Ripple Labs and the U.S. Securities and Exchange Commission (SEC) have officially reached a deal that, if approved by a judge, will bring their years-long legal battle to a close. According to a settlement agreement filed in New York on Thursday, both parties have agreed to a $50 million penalty — a portion of the…

SEC’s Crenshaw slams Ripple settlement, warns of ‘regulatory vacuum’

A crypto-skeptical commissioner at the US Securities and Exchange Commission has blasted her agency over its settlement letter that could finally end the Ripple legal saga. The SEC and Ripple filed a joint settlement letter in a New York court asking for the August 2024 injunction against Ripple to be dissolved and $75 million of…