Ethereum gains 30% on Bitcoin in 2 days after 80% drop since 2022
Ethereum outperformed Bitcoin by nearly 30% over two sessions ending May 9, breaking out of a multi-year downtrend that saw the ETH/BTC pair drop more than 78% from its 2022…
XRP payments coming to 6,000 US pharmacies in new $50M healthcare deal
Pharmaceutical supply chain and technology firm Wellgistics Health has announced it will integrate XRP as a treasury asset and payments infrastructure across its pharmacy network. The $50 million capital facility,…
Solana lacks ‘convincing signs’ of besting Ethereum: Sygnum
Solana does not yet have “convincing signs” that it could overtake Ethereum as the blockchain of choice for institutions, as its revenue is seen as unstable due to its memecoin…
Bitcoin exchange inflows show heavy institutional activity, virtually no LTH selling
Bitcoin exchange inflows over the past month have been driven almost entirely by freshly moved supply, with minimal involvement from long-dormant holders. Nearly three-quarters of all daily deposits across major…
Meta exploring stablecoins for cross-border payouts in renewed crypto push
Meta is exploring stablecoin-based payment infrastructure in a renewed effort to integrate blockchain technology into its platforms, Fortune reported on May 8, citing people familiar with the matter. According to…
Coinbase Q1 revenues up 40% YoY to $2 billion, while net income down
Coinbase reported $2 billion in total revenue for the first quarter, compared to $1.6 billion in the first quarter of 2024. Meanwhile, the exchange posted $66 million in net income,…
Reporters find Zerebro founder alive and breathing at parent’s house, confirming suicide was staged
Zerebro founder Jeffy Yu was found alive and living at his parents’ house in San Francisco, confirming growing suspicions that the death was staged. Yu, whose livestreamed “suicide” set off…
SEC files to settle lawsuit with Ripple, execs over civil penalty dispute
The US Securities and Exchange Commission (SEC) filed a proposed settlement agreement with Ripple, CEO Brad Garlinghouse, and Executive Chairman Chris Larsen to resolve the Commission’s longstanding civil enforcement action…
SEC’s crypto task force lead criticizes ETF approval process, highlights need for patience
The head of the US Securities and Exchange Commission (SEC) Crypto Task Force, Hester Peirce, said the decade-long process that led to the approval of spot Bitcoin exchange-traded funds (ETFs)…
Former Celsius CEO Alex Mashinsky receives 12 years in prison over fraud scheme
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…