Ex-Celsius CEO Alex Mashinsky was sentenced to 12 years in prison on May 8 for orchestrating a scheme that defrauded customers of the crypto lending platform by misrepresenting investment risks and manipulating the price of the company’s token, CEL. As Bloomberg News reported, the sentence was handed down by US District Judge John Koeltl in […]
The Senate denied the motion to invoke cloture on the motion to consider the GENIUS Act bill, which aims to regulate stablecoins in the US. The decision came with a one-vote difference, as 49 Democrat senators denied the motion against 48 favorable votes. Senate Majority Leader John Thune accused Democrats of using the filibuster for […]
OpenAI launched a new initiative to help countries build artificial intelligence systems rooted in democratic values, according to a May 7 statement. The OpenAI for Countries initiative is part of the firm’s broader Stargate project and aims to engage governments to partner in shaping AI frameworks that uphold transparency, accountability, and public interest. According to the […]
Bitcoin (BTC) reclaimed the $100,000 mark for the first time in over two months, driven by bullish market sentiment, rising institutional adoption, and renewed macroeconomic confidence after President Donald Trump announced a major trade deal with the UK on May 8. Bitcoin hit an intraday high of $101,493, extending a broader rally that has gained […]
The Ethereum Foundation has announced the distribution of over $32 million in grants during the first quarter of 2025. According to the May 8 update, the funding was issued through its Ecosystem Support Program and spread across 94 projects. While the report categorized the recipients by theme and focus area, it did not disclose the […]
Bitcoin’s net unrealized loss (NUL) dropped to 0.0034 on May 7, its lowest reading since Feb. 20, as BTC’s intraday high climbed to $97,731. Such low levels of unrealized loss suggest that almost all BTC held across the network is either in profit or breakeven, with only a small fraction of the supply underwater. Graph […]
LockBit, one of the most well-known Ransomware-as-a-Service (RaaS) groups, suffered a serious security breach that exposed around 60,000 Bitcoin addresses. On May 8, blockchain security firm SlowMist reported that hackers exploited a PHP 0-day or 1-day vulnerability to gain unauthorized access to LockBit’s backend systems and admin console. SlowMist pointed out that the hack resulted […]
Ethereum is eyeing an increase in its gas limit by 66% to 60 million units to improve transaction capacity and network efficiency. On May 7, Ethereum core developer Parithosh Jayanthi confirmed that the 60 million gas limit would be rolled out on the blockchain’s mainnet network after successfully testing on the Sepolia and Holesky testnets. […]
Sei Labs, the core development team behind the Sei blockchain, has proposed a fundamental shift in the network’s architecture that would eliminate support for Cosmos transactions and CosmWasm contracts. Instead, the team plans to transition fully to an Ethereum Virtual Machine (EVM)-compatible framework, arguing that this move would simplify the blockchain and improve the developer […]
Available exclusively via Tariffs, Bitcoin and rule reversals: Inside Trump’s first 100 days in office Andjela Radmilac · 2 days ago CryptoSlate’s latest market report dives deep into Trump’s first 100-day sprint that recast the SEC, scrapped key crypto rules, and fueled fresh inflation worries.
