Crypto
AI Summary
- Bitcoin demonstrated significant strength in April, logging its best monthly performance in 12 months, driven partly by robust inflows into Bitcoin ETFs, which saw $2 billion in April, the highest monthly figure this year.
- The crypto industry is navigating evolving regulatory landscapes, with discussions around the CLARITY Act intensifying, potentially establishing clearer rules for stablecoin yield and prediction markets, a move largely supported by venture capital firms like a16z.
- AI continues its rapid integration into various sectors, impacting the crypto space through new applications like AI agents spending stablecoins via Mastercard and influencing major tech companies' strategies, while also raising concerns about its use in generating misinformation.
- Major crypto players are actively managing their treasuries and expanding operations; the Ethereum Foundation sold another 10,000 ETH, Tether reported a substantial $1.04 billion Q1 profit, and Kraken's parent company acquired Bitnomial to broaden its derivatives offerings.
- Despite positive price action in some areas, the broader crypto venture capital funding plunged to a near two-year low of $659 million in April, signaling potential caution among investors, while security concerns persist with a significant crypto hack exposing DeFi vulnerabilities.
Sources
Cointelegraph
-
Iran’s largest crypto exchange founded by sons of family tied to supreme leaders: Reuters
2 hours ago
by Cointelegraph by Amin Haqshanas
Latest NewsNobitex, Iran’s largest crypto exchange, was founded by brothers linked to the powerful Kharrazi family, which has ties to the country’s supreme leaders.
-
New York forces Uphold to pay $5M over fraudulent crypto investment scheme
4 hours ago
by Cointelegraph by Amin Haqshanas
Latest NewsNew York AG Letitia James secured a $5 million settlement from Uphold for promoting CredEarn, a crypto savings product that misled users about its risks.
-
Crypto industry will be ‘just fine’ if CLARITY Act doesn’t pass: Chris Perkins
7 hours ago
by Cointelegraph by Ciaran Lyons
Latest NewsThe efforts of the SEC and CFTC chairmen indicate that the crypto industry will not suffer without the CLARITY Act, according to crypto executive Chris Perkins.
-
Bitcoin logs best monthly performance in 12 months during April
9 hours ago
by Cointelegraph by Ciaran Lyons
Latest NewsDespite being the best-performing month in the past 12 months, it still came in slightly below its historical average, according to CoinGlass data.
-
US CISA adds ‘insane’ Linux Copy Fail flaw to watch list
14 hours ago
by Cointelegraph by Ciaran Lyons
Latest NewsMalicious actors with code execution capability may gain root access on Linux systems using as few as 10 lines of Python, according to a researcher.
CoinDesk
-
Brazil's central bank bans stablecoin and crypto settlement in cross-border payments
20 hours ago
by Francisco Rodrigues
Policy, Brazil, NewsThe ban applies to fintechs and payment firms, closing the back-end payment rail for cross-border flows, but individual crypto investors can still buy and hold assets.
-
Crypto industry backs CLARITY Act yield compromise, pushes Senate Banking for markup
21 hours ago
by Francisco Rodrigues
Policy, Clarity Act, NewsThe agreement necessitates firms restructure reward programs from a "buy and hold" to a "buy and use" model; however, CCI raised concerns over its broad prohibition.
-
Bitcoin's 'hazardous' airdrop: Why developers are warning against Paul Sztorc’s eCash fork
21 hours ago
by Jamie Crawley
Tech, Bitcoin News, Airdrops, NewsDevelopers and industry figures say the eCash proposal introduces user risk, uneven distribution and philosophical tension.
-
The $292M crypto hack exposed DeFi's weak spots. Here’s what must change, insiders say
a day ago
by Krisztian Sandor
Finance, DeFi, Hack, Institutional Adoption, NewsAs Wall Street moves onchain, the year's biggest crypto hack and DeFi crisis is forcing a rethink of risk, security and market structure, industry insiders told CoinDesk.
-
Prediction markets are ditching the 'casino' label to become a regular part of how people track the news
a day ago
by Helene Braun
Markets, Prediction Markets, NewsA new report from Bitget and Polymarket reveals that prediction markets are evolving into a $240 billion industry driven by retail users who are trading more frequently on everything from crypto to politics.
Decrypt
-
OpenAI GPT Image 2 vs Google Nano Banana 2: Which AI Image Generator Is Best?
18 hours ago
by Jose Antonio Lanz
Artificial IntelligenceWhich state-of-the-art AI image generator is most effective at producing A+ results? We put GPT Image 2 and Nano Banana 2 to the test.
-
Oscars Ban AI Performances and Screenplays From Eligibility
19 hours ago
by Jason Nelson
Artificial IntelligenceNew rules require human actors and writers for Oscar consideration.
-
OpenClaw Put Apple Back in the AI Game—And Now They Can't Build Macs Fast Enough
a day ago
by Jose Antonio Lanz
Artificial IntelligenceThe Mac mini went from a $599 desktop nobody cared about to the hottest piece of AI hardware on the planet. One open-source agent framework did it.
-
Minnesota Moves to Ban AI Apps That Generate Fake Nude Images
2 days ago
by Jason Nelson
Artificial IntelligenceThe bill, which bans AI tools that generate fake nudity and lets victims sue their creators, will go to Governor Walz for his signature.
-
Ethereum Foundation Sells $23 Million More in ETH to Tom Lee's BitMine
2 days ago
by Decrypt Agent
MarketsFor the second straight week, the Ethereum Foundation has unloaded 10,000 ETH—about $23 million worth—to top treasury firm, BitMine.
AMBCrypto
-
Dogecoin whale sits on a $3.87mln loss – Will DOGE’s $0.10 support survive?
an hour ago
by Gladys Makena
Dogecoin, Memecoins, News, News 1, Social, Trading View, ambcryptoDogecoin whale faces $3.8 million loss, after holding 14 million DOGE for a year.
-
‘Dramatically underperformed’ – Can Bitcoin still break $80K this cycle?
2 hours ago
by Ishika Kumari
Bitcoin, BTC Trading View, News, News 1, Social, Trading ViewDespite price recovery, why are traders, analysts, and on-chain metrics all sending mixed signals for the upcoming Bitcoin movement?
-
Ethereum unstaking surges 72,000% – Should ETH traders stay cautious?
4 hours ago
by Ritika Gupta
Altcoin, Ethereum, News, News 1, Social, Trading View, ambcryptoRising unstaking demand and growing resistance near $2.5k put Ethereum at a decisive market inflection point.
-
Bitcoin struggles near $80K as demand fades – Warning for BTC bulls?
6 hours ago
by Akashnath S
Bitcoin, BTC Trading View, News, News 1, Social, Trading View, ambcryptoThe market was not betting on continued bullish momentum for Bitcoin, although a short squeeze toward $82k remained viable.
-
Stellar’s correction is here – But THESE 2 trends still back XLM bulls
7 hours ago
by Kelvin Murithi
Altcoin, News, News 1, Social, Trading ViewRising DEX Volume over the past week pointed to increasing user activity and organic network participation.