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With Bitcoin attempting to break the crucial $95,000 to $96,000 threshold, it faces significant headwinds rooted in an increasingly dormant on-chain environment. Although the price has hovered optimistically close to the critical $100,000 barrier, stagnant blockchain activity metrics show certain vulnerabilities that could hinder further upside. According to data from Checkonchain, daily on-chain transfer volume […]
Solana recorded a massive surge in token creation throughout April, with over 1.2 million new Solana Program Library (SPL) tokens minted during the month. SPL is the token standard for the Solana network, similar to ERC-20 for Ethereum. Data from Solscan shows that daily token mints consistently averaged between 30,000 and 55,000 during the reporting […]
Defiance ETFs has filed for regulatory approval of four new exchange-traded funds (ETFs), some of which include simultaneous long Bitcoin (BTC) and short Ethereum (ETH). A May 6 filing with the US Securities and Exchange Commission (SEC) revealed the funds, which include the Bitcoin vs. Ethereum ETF, which is long BTC and short ETH; the […]
Crypto venture capital (VC) firms are experiencing operational strain and consolidation, even as project-level fundraising gains momentum. In the first quarter, crypto startups raised $5.85 billion, already accounting for nearly 61% of the capital raised throughout 2024, according to DefiLlama. Varys Capital head of venture Tom Dunleavy shared that, despite this influx, fewer active funds […]
Bitwise CIO Matt Hougan cautioned that the digital asset market may face a turbulent summer if lawmakers in Washington fail to pass key crypto legislation, despite strong early momentum under President Donald Trump’s administration. In a note to clients, Hougan said crypto’s recent gains remain fragile without legal safeguards from Congress, warning that political gridlock […]
Coinbase unveiled an open-source protocol for on-chain payments via HTTP called x402. Announced on May 6, the system repurposes the previously unused HTTP 402 “Payment Required” status code to support direct machine-native payments using stablecoins. The protocol enables autonomous agents and applications to pay for API access, data, and services without relying on human intervention, […]
Two Satoshi-era Bitcoin wallets that have been inactive for over a decade have suddenly sprung to life, transferring a combined 3,422 BTC, which amounts to roughly $324.2 million at current prices. On May 6, blockchain analysis firm Spot On Chain reported that one of the wallets tagged “1NWPS” moved 2,343 BTC, valued at around $222.2 […]
Available exclusively via Tariffs, Bitcoin and rule reversals: Inside Trump’s first 100 days in office Andjela Radmilac · 7 hours 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.
Information is spreading online that Jeffy Yu, co-founder of the AI Agent crypto project Zerebro, died following a livestreamed suicide on May 4. Cryptoslate has been unable to verify whether the reports are accurate or a part of a darkly elaborate marketing campaign for a new memecoin. The event was initially confirmed by an obituary […]
New Hampshire has enacted America’s first state-level Strategic Bitcoin Reserve law, establishing a framework to allocate a portion of state funds to Bitcoin (BTC) and select digital assets. Governor Kelly Ayotte signed HB 302 into law on May 6, authorizing the state treasurer to hold Bitcoin in a regulated reserve structure. The model policy, developed […]
