Ranking Member of the House Financial Services Committee Maxine Waters (D-CA) and several of her fellow Democratic House members walked out of a joint hearing Tuesday morning in protest of U.S. President Donald Trump’s ties to crypto. Waters Boycotts Crypto Hearing Titled “American Innovation and the Future of Digital Assets: A Blueprint for the 21st…
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 $222.2…
Aave ($AAVE), the native token of the leading DeFi lending platform, is currently trading at $165.88, marking a 5.7% drop in the past 24 hours. Once peaking at $666.86 during the 2021 DeFi bull run, $AAVE has since settled into a trading range between $100 and $350. Despite recent volatility, the token remains up by…
The UK has confirmed it does not plan to pursue a national Bitcoin reserve, distancing itself from the emerging trend of governments exploring state-backed digital asset holdings. Economic Secretary to the Treasury Emma Reynolds said on May 6 that the UK government has no plans to establish a Strategic Bitcoin Reserve (SBR) while speaking at…
Bitcoin Core developers have confirmed that the next software release will lift the long-standing 80-byte restriction on OP_RETURN transaction outputs. The decision was met with concern in the crypto space as users expressed dissatisfaction with the move. OP_RETURN Has Outlived Its Purpose The information was relayed in a May 5 GitHub announcement by Bitcoin developer…
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…
When Ethereum first crossed the $1,400 mark in January 2018, the network’s total stablecoin market cap stood at a humble $124,500. According to DeFiLlama data, as of May 6, 2025, that figure skyrocketed to a massive $124.5 billion, marking a one-million-fold increase. Source: DeFiLlama This rapid rise has not occurred in isolation. Ethereum’s stablecoin market…
Citi announced a new partnership with Switzerland-based SIX Digital Exchange (SDX) on Tuesday to tokenize companies on the digital exchange. The collaboration, revealed at the Point Zero Forum in Switzerland, seeks to address longstanding inefficiencies in the private market ecosystem for both issuers and investors. Citi and SDX are teaming up to tokenize late-stage private…
The U.S. Commodity Futures Trading Commission (CFTC) has dropped its appeal in its case against Kalshi, a New York-based prediction market, according to a Monday court filing, finally clearing the way for the platform to offer political event contracts. Under the conditions of the motion for voluntary dismissal, which is still subject to court approval,…
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…