Bit Digital Expands ETH Holdings to 158K Ether After $20M Purchase

Bit Digital purchased $20 million worth of Ether earlier this month, increasing its holdings to roughly 158,462 ETH. The Nasdaq-listed company said Thursday it acquired 8,568 ETH (ETH) on May 11 at an average price of $2,334.25 per token. CEO Sam Tabar said the purchase reduced Bit Digital’s average ETH acquisition cost and was part…

SEC’s Hester Peirce Defends Crypto Privacy Tools Amid Surveillance Concerns

US Securities and Exchange Commission (SEC) Commissioner Hester Peirce said financial privacy is becoming increasingly undervalued in US regulation, warning against treating privacy-preserving technologies with suspicion. Speaking Wednesday at Georgetown Law, Peirce described privacy-enhancing technologies, including cryptographic tools, as legitimate components of modern financial infrastructure rather than tools primarily associated with criminal activity. Peirce said…

Why the Ethereum Foundation is suddenly again at the center of crypto’s culture war

The Ethereum Foundation, the nonprofit organization that has long served as the closest thing Ethereum has to a central steward, has been facing renewed questions about its future after a wave of high-profile departures and mounting criticism from across the crypto industry. In recent weeks, critics have accused the foundation of becoming insular, slow-moving and…

How Low Can XRP Price go After Falling Below $1.30?

XRP (XRP) price dropped to $1.26 on Thursday, its lowest in over 16 weeks. A bearish technical setup suggested that the pressure may extend into June. XRP/USD daily chart. Source: Cointelegraph/TradingView Key takeaways: XRP’s bear pennant pattern breakdown on the weekly chart targets $0.63. XRP social sentiment hit a three-week low, while Net Unrealized Profit/Loss…

Bitcoin Futures Gaps to Become History as CME Begins 24/7 Trading

Bitcoin (BTC) has created its last classic price magnet as a staple chart feature disappears forever. Key points: Bitcoin is set to lose popular short-term price targets as CME Group’s futures market goes 24-hour. CME futures gaps will no longer be created over weekends. Several open gaps still remain on the chart, with the lowest…

ERC-7943 Author Says Institutions Can’t Play Defi’s ‘Pirate Game’

For years, crypto has thrived on speculative capital flows and the explosive popularity of decentralized finance (DeFi) tokens and applications. That still holds true for rising sectors such as perpetual decentralized exchanges and prediction markets. But as Wall Street pushes deeper into tokenized real-world assets (RWAs), not all of the industry’s existing systems cater to…

Argentina Bill Targets Crypto Payments for Online Betting

Argentina’s government is moving to restrict banks, payment firms and crypto providers from serving unauthorized online gambling platforms as part of a broader crackdown on digital betting. The government presented a Bill for the Prevention of Gambling and Regulation of Online Gambling to Congress, according to an official notice from the Ministry of Health published…

Bitcoin ETFs Turn Negative as IBIT Posts Near-Record Losses

BlackRock’s spot Bitcoin exchange-traded fund (ETF) posted its second-largest daily outflow on record as US Bitcoin funds extended an eight-day redemption streak during a sharp pullback in the cryptocurrency to below $75,000. BlackRock’s iShares Bitcoin Trust (IBIT) saw $527.8 million in net outflows on Wednesday, helping push total withdrawals from US spot Bitcoin ETFs to…

BIS Project Agorá Shows Tokenized Payments Cut Settlement Risk

The Bank for International Settlements (BIS) released a report Wednesday on Project Agorá, an experimental prototype for cross-border wholesale payment. The BIS said the report shows how seven central banks and more than 40 regulated financial institutions can settle cross-border wholesale payments in seconds once liquidity is locked, while reducing credit and settlement risk through…

White House reviews CFTC prediction-market rule as Trump backs federal control

The White House’s regulatory review office is examining a proposed Commodity Futures Trading Commission (CFTC) rule on prediction markets, according to a federal filing that could shape how platforms such as Kalshi and Polymarket operate across the U.S. A RegInfo.gov entry shows that the proposal was received by the Office of Information and Regulatory Affairs…