Day: 9 May 2025

Coinbase’s first-quarter earnings, released on May 8, revealed a 10% dip in total revenue to $2 billion, falling short of industry expectations by 4.1% amid sluggish trading activity and a broader market cooldown. Net income took a major hit, plunging 95% quarter-over-quarter to $66 million, down from $1.29 billion in ...

MEXC has officially announced the listing of World Liberty Financial’s USD1 stablecoin in its Innovation Zone, effective today, May 9, 2025. The USD1/USDT trading pair will go live at 08:00 UTC, while the MEXC Convert feature will be available from 09:00 UTC, allowing users to convert assets on the platform ...

HTX has unveiled a bold new chapter in its Mars Program, launching a $6 million space voyage giveaway funded entirely by TRON founder and HTX advisor Justin Sun. Branded the “Special Edition,” this initiative will send one verified user on a commercial spaceflight with Sun this July. From May 9 ...

In a sweeping crackdown on illicit crypto operations, Frankfurt law enforcement has shuttered the crypto exchange platform eXch, citing its alleged role in laundering funds tied to some of the largest hacks in the digital asset space.  Officials also confirmed the seizure of €34 million (approximately $38.2 million) worth of ...

Ethereum recently posted a remarkable 20% gain, reaching its most undervalued level relative to Bitcoin since 2019. This price surge was driven by a substantial rise in trading activity, particularly in the derivatives market, where volume soared by 184%, according to data from Coinglass. Simultaneously, open interest in Ethereum futures ...

CleanSpark Inc, a leading U.S.-based Bitcoin mining company, announced a 62.5% year-over-year increase in revenue for the second quarter of fiscal 2025, totalling $181.7 million. However, despite the strong revenue growth, the company reported a net loss of $138.8 million, or $0.49 per share, compared to a net income of ...

Meta may be preparing for a quiet return to the crypto space, as internal discussions hint at a potential rollout of stablecoin payments across its platforms, including Instagram.  According to multiple sources cited by Fortune on May 8, the tech giant is in preliminary talks with cryptocurrency infrastructure providers, exploring ...

Scott Bessent, United States Secretary of the Treasury, recently sparked controversy by asserting that the global cryptocurrency industry “needs American leadership” to thrive. His comments followed the Senate’s failure to advance the GENIUS Act, a bill establishing a federal framework for stablecoins and digital assets. Bessent criticised lawmakers who blocked ...

BingX has unveiled ChainSpot, a groundbreaking CeDeFi (Centralized-Decentralized Finance) feature to simplify and secure on-chain trading. Launched as part of the platform's 7th anniversary celebrations, ChainSpot positions BingX as one of the first major crypto exchanges to introduce such a hybrid product, marking a pivotal milestone in its continued evolution. ...

Alpen Labs has introduced the Bitcoin Dollar (BTD), a Bitcoin-collateralized stablecoin created to uphold Bitcoin’s core values of decentralization, privacy, and permissionless access. The launch marks a significant step in developing censorship-resistant financial infrastructure, positioning BTD not as a corporate product but as a public good for the broader Bitcoin ...