Bitcoin could rally regardless of what the Federal Reserve FOMC decides this week: Here’s why

Key Takeaways: The US Federal Reserve Open Market Committee (FOMC) interest rate decision on May 7 will be a defining moment for risk-on assets, including cryptocurrencies. While the consensus points to no change in interest rates, Bitcoin (BTC) and altcoins could see gains if the US Treasury is compelled to inject liquidity to stave off…

Senate Democrat Opens Investigation Into Trump’s Crypto Businesses

The leading Senate Democrat on a panel tasked with investigating corruption and mismanagement is scrutinizing U.S. President Donald Trump’s recent crypto activities and whether they’re part of a “pay-to-play scheme to provide access to the Presidency to the highest bidder.” Richard Blumenthal, the ranking Democrat on the Senate Permanent Subcommittee on Investigations — a panel…

Bitwise files S-1 for NEAR ETF

Digital asset manager Bitwise has filed to list a spot Near exchange-traded fund with the US Securities and Exchange Commission, adding to a growing list of altcoins currently vying to win regulatory approval. The Bitwise Near (NEAR) ETF will track the price movements of the NEAR token, minus expenses, through a traditional brokerage, Bitwise’s May…

Standard Chartered sees BNB more than doubling in 2025

Asset manager Standard Chartered predicts that Binance’s ecosystem token, BNB, could more than double in price this year, according to an analyst report reviewed by Cointelegraph.  The asset manager sees BNB’s price rising to approximately $1,275 per token by the end of 2025 and as high as $2,775 by the end of 2028, according to…

Standard Chartered sees BNB more than doubling in 2025

Asset manager Standard Chartered predicts that Binance’s ecosystem token, BNB, could more than double in price this year, according to an analyst report reviewed by Cointelegraph.  The asset manager sees BNB’s price rising to approximately $1,275 per token by the end of 2025 and as high as $2,775 by the end of 2028, according to…

FT report suggests advance knowledge of Melania Trump memecoin launch

A group of crypto traders reportedly purchased millions of dollars worth of Melania Trump’s memecoins minutes before she announced the launch on social media. According to a May 6 Financial Times report, the crypto traders earned roughly $100 million from buying $2.6 million worth of MELANIA tokens before the public launch on Jan. 19. Shortly…

Why is XRP price down today?

Key takeaways: Ripple’s end-to-quarterly market report fuels uncertainty, impacting XRP price negatively. Low open interest in XRP futures signals weak trader confidence. XRP price technicals weaken with resistance at $2.27 and declining RSI. XRP (XRP) fell on May 6, down 3% in the last 24 hours to trade at $2.09, due to numerous factors. Its…

VanEck Submits Proposal to Launch First U.S. ETF Tied To Binance’s BNB

VanEck has filed paperwork to sell shares in an exchange-traded fund (ETF) tracking crypto exchange Binance’s blockchain. The asset manager submitted an S-1 document with the Securities and Exchange Commission (SEC) on Monday for a BNB ETF, becoming the first prospective issuer to file for such a fund in the U.S. BNB is the native…

How much Bitcoin can Berkshire Hathaway buy?

Key takeaways: Berkshire holds $347B in cash, enough to buy ~18% of Bitcoin’s supply. Greg Abel has not signaled a shift from Warren Buffett’s anti-Bitcoin stance. Berkshire already has indirect crypto exposure via Nu Holdings, Jefferies. Warren Buffett announced at Berkshire Hathaway’s annual shareholder meeting on May 3 that he will step down as CEO…

Tron says DAO X hack cost victims $45K, Curve Finance also hit

A hacker who took over the Tron DAO X account is estimated to have made around $45,000 in improperly solicited funds, according to a spokesperson from Tron.  Speaking to Cointelegraph, the Tron public relations team confirmed that on May 2, the Tron DAO account posted a contract address and sent direct messages to solicit payments…