US lawmakers call for change in corporate digital asset taxes

Two US senators are calling on Treasury Secretary Scott Bessent to “exercise [the department’s] authority” and change a provision affecting taxes on corporate holdings of digital assets. In a May 12 letter, Senators Cynthia Lummis and Bernie Moreno suggested Bessent had the authority to change the definition of “adjusted financial statement income” under existing US…

Solana network and DeFi activity suggest SOL price rally will continue

Key takeaways: Solana’s $10.9 billion TVL surpassed the entire Ethereum layer-2 ecosystem. Solana’s 30-day fee revenue ($43.4 million) rose 109% compared to the previous month. SOL’s 8% funding rate shows healthy leverage demand from bulls. Solana’s native token SOL (SOL) surged 24.8% between May 6 and May 10, following the broader altcoin market rally after…

Altcoins’ roaring returns and falling USDT stablecoin dominance suggest ‘altseason’ is here

Key Takeaways: Declining Bitcoin dominance and rising strength in altcoins and memecoins could be a sign that it’s altseason. USDT dominance could drop to 2022 lows, indicating an accelerating capital rotation into Bitcoin and other cryptocurrencies. The cryptocurrency market shows signs that an altseason, a period where altcoins significantly outperform Bitcoin (BTC), could be on…

Bitcoin shrugs off US CPI win as Binance CEO says BTC ‘leading pack’

Key points: Bitcoin fails to capitalize on lower-than-expected US CPI data, seeing a Wall Street sell-off for a second day. Traders see BTC/USD buying time before its next move, and a trip below $100,000 is on the cards. Bitcoin is showing “undeniable” momentum against gold and stocks, Binance’s Richard Teng says. Bitcoin (BTC) saw a…

How to Use tsUSDe on TON for Passive Dollar Yield in 2025

Looking for a way to earn passive income on your crypto without riding the rollercoaster of volatile coins? TsUSDe (the staked version) on The Open Network (TON) might be the answer. It’s a dollar-pegged stablecoin that earns yield by design, and you can boost those earnings even more by putting it to work on platforms…

Solana co-founder proposes meta chain to fix blockchain fragmentation

Solana Labs co-founder Anatoly Yakovenko proposed a new data availability (DA) solution to improve persistent fragmentation and lack of interoperability across blockchain networks. In a May 12 post on X, Yakovenko proposed a “meta blockchain” to aggregate and order data posted across multiple layer-1 chains, including Ethereum, Celestia and Solana. “This would actually allow the…

SEC hacker counters prosecutors with 366-day sentencing recommendation

Defense lawyers have asked a judge to sentence the person responsible for helping post a fake message announcing regulatory approval of Bitcoin exchange-traded funds to roughly a year in prison, countering prosecutors’ request for a two-year sentence. In a May 13 filing in the US District Court for the District of Columbia, Eric Council Jr.’s…

XRP whale flow and technical setup hint at 40% price boom next

Key takeaways: XRP price has risen 55% since April and is now flashing bullish continuation signals. Whale flows have flipped positive for the first time since November 2024, historically signaling trend reversals. A falling wedge breakout projects 40% gains ahead, but $2.80 may act as interim resistance. XRP (XRP) has bounced by more than 55%…

Gibraltar to Establish Regulations for Clearing and Settling Crypto Derivatives to Improve Market Integrity

The Gibraltar government said it plans to establish the world’s first rules for the clearing and settlement of crypto derivatives, creating a regulatory framework to improve market integrity and reduce key risks. Working with the Gibraltar Financial Services Commission (GFSC) and crypto exchange Bullish (CoinDesk’s parent company), the government has built a framework over the…

Tether Gold enters Thailand with listing on Maxbit exchange

Tether, issuer of the world’s largest stablecoin, USDt, is rolling out its tokenized gold digital asset in Thailand with a listing on local cryptocurrency exchange Maxbit. In a May 13 announcement, Tether said its gold-backed token, Tether Gold (XAUt), has been listed on Thai exchange Maxbit. According to an X announcement by Maxbit, the platform…