Crypto Market News
Updates Every Day at 8 AM US Eastern. Last Update: May 05, 2026 08:00 US Eastern
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Bitmine Immersion Technologies, the world’s largest known Ethereum treasury company, acquired an additional 101,745 ETH last week for over $240 million, pushing total holdings to 5.18 million tokens — as Chairman Thomas “Tom” Lee declared that a new crypto cycle has quietly begun. Related Reading: Kraken’s Payward Files Lawsuit Against Crypto Custodian Etana, Alleging $25M […]
Coindesk - May 05 2026, 07:38 EST: Coinbase cuts 14% of staff as AI reshapes how crypto companies operateBrian Armstrong, the CEO at Coinbase, announced a workforce reduction of roughly 660 from its current 4,700.
Bitcoinist - May 05 2026, 07:00 EST: Kraken’s Payward Files Lawsuit Against Crypto Custodian Etana, Alleging $25M Ponzi PlotPayward, the parent company of cryptocurrency exchange Kraken, has filed a lawsuit against its very own crypto custodian, Etana Custody, and its CEO, Brandon Rusell, alleging that Etana misappropriated more than $25 million in client funds and operated what Payward characterizes as a “Ponzi-like” scheme. Etana Misused Kraken Reserves The dispute traces back to a […]
Coindesk - May 05 2026, 07:16 EST: One bank after another scraps Fed rate-cut forecasts. Bitcoin doesn't care.Your day-ahead look for May 5, 2026
Bitcoinist - May 05 2026, 06:00 EST: Bitmine Adds 101,745 ETH, Moves Closer To 5% Ethereum Supply GoalEthereum treasury company Bitmine has expanded its holdings with another ETH acquisition, reaching 86% of the way to its 5% supply goal. Bitmine Accumulated 101,745 ETH Over The Past Week According to a press release, Bitmine has furthered its Ethereum accumulation over the past week. In total, the treasury company has added 101,745 ETH with […]
Coindesk - May 05 2026, 06:25 EST: Crypto platform Bullish to buy Equiniti for $4.2 billion, building tokenized securities infrastructureThe deal brings a regulated transfer agent into the Bullish stack, expanding the firm's end-to-end tokenization capabilities.
Bitcoinist - May 05 2026, 05:00 EST: Bitcoin Treasury Race Shifts: Strive Adds $34M BTC As Strategy Slows DownStrive Asset Management reported a quarterly Bitcoin yield of 4.3% and a yearly performance of 18.7% — figures that came alongside its latest purchase announcement and paint a picture of a firm moving with quiet urgency. A Firm Built Around Accumulation On Monday, CEO Matt Cole confirmed that Strive acquired 444 BTC for nearly $34 […]
Coindesk - May 05 2026, 06:05 EST: Bitcoin tops $80,000 as altcoins rally and risk appetite returnsCrypto markets climb Tuesday with BTC above $80,000, altcoins gaining momentum, and investors rotating into higher-risk plays amid improving sentiment.
Bitcoinist - May 05 2026, 04:00 EST: WLFI Drama Escalates: World Liberty Sues Justin Sun Over ‘Reckless’ Smear CampaignIn the latest development of the fight between World Liberty Financial (WLFI) and Justin Sun, the Trump Family-backed company has filed a defamation complaint against the crypto founder for his alleged smear campaign to harm the project and its token’s price. Related Reading: Trump’s Crypto Venture Raised Millions From Undisclosed WLFI Token Sale, Report Reveals […]
Coindesk - May 05 2026, 04:18 EST: DeFi lender Aave asks court to block $71 million crypto seizure tied to North Korea claimsThe filing challenges a New York restraining notice that froze ETH on Arbitrum after the rsETH exploit, with Aave arguing the funds belong to users, not North Korea judgment creditors
Bitcoinist - May 05 2026, 03:00 EST: Crypto Firms In South Korea Raise Concerns Over AML Crackdown: ReportSouth Korean courts have been stepping in to block a wave of regulatory sanctions against the country’s biggest crypto exchanges — and now the industry is taking its fight to the rulemaking process itself. Related Reading: Bitcoin Prints Biggest Monthly Win In A Year Amid Renewed Market Optimism Industry Body Warns Of Reporting Overload The […]
Coindesk - May 05 2026, 02:45 EST: Bitcoin used to hate inflation. Now it might be the oppositeBitcoin is rallying alongside inflation signals, defying the traditional macro playbook.
Bitcoinist - May 05 2026, 02:00 EST: Solana Co-Founder Warns AI Could Break Post-Quantum Crypto SchemesSolana co-founder Anatoly Yakovenko has warned that the most pressing risk around post-quantum cryptography may not be quantum computers themselves, but the possibility that AI could expose weaknesses in the signature schemes designed to defend against them. His comments add a sharper edge to Solana’s recent quantum-readiness push, which has centered on Falcon signatures, migration […]
Coindesk - May 05 2026, 02:12 EST: Ripple to share North Korean threat intelligence with crypto firmsRipple said April's $285 million Drift breach revealed a new pattern of long-cycle social engineering replacing traditional smart contract exploits.
Bitcoinist - May 05 2026, 01:00 EST: This Ripple Competitor Expands to Critical Region With New PartnershipThe Stellar Development Foundation (SDF) and MoneyGram, one of the world’s leading global payments networks, have extended their partnership for multiple years, with the next phase targeting Latin America — a region where millions of families depend on cross-border remittances as a primary financial lifeline. Related Reading: New Bitcoin Quantum Proposal Gives Satoshi A Silent […]
Coindesk - May 05 2026, 01:50 EST: Bitcoin crosses $81,000, ETH, SOL, DOGE steady as options desks bid on further price jumpBitcoin is back above $80,000 after Monday's brief reversal on the disputed Iran missile claim, with options markets quietly setting up for a breakout even as skew still favors downside protection.
Coindesk - May 05 2026, 01:16 EST: XRP slips below $1.40 on heavy volume, tightening range puts breakout in focusHigh-volume breakdown reset positioning, but compression between $1.38–$1.44 now points to a larger move.
Coindesk - May 04 2026, 22:05 EST: Bitcoin tests $80,000 as Asia’s bid fades and Hong Kong AI IPOs surgeWestern desks are carrying the bitcoin rally alone, with Friday’s jobs report the next test.
Coindesk - May 04 2026, 16:16 EST: GameStop's $55.5 billion eBay takeover bid puts its $368 million bitcoin stash in the crosshairsThe video game retailer’s proposed acquisition plan revives question on whether its $368 million bitcoin stash could be sold to fund the expansion.
Coindesk - May 04 2026, 14:31 EST: Hut 8 swaps Coinbase loan for cheaper FalconX deal, slashing borrowing costs as it bets big on AIA new $200 million, 364-day bitcoin-backed facility replaces the Coinbase Credit arrangement, cutting debt costs by 200 basis points.
Coindesk - May 04 2026, 13:34 EST: Circle, Coinbase lead crypto stocks rally amid Clarity Act progress, bitcoin hitting $80,000The market is starting to price in potential winners as stablecoin yield compromise opens path for passing key U.S. digital asset regulation, one analyst said.
Coindesk - May 04 2026, 12:30 EST: The government should promote innovation, not punish itDistrict Attorney of Sacramento County, Ho argues that ambiguous rules and enforcement practices, such as those for crypto, lead to confusion, rather than seeking clarity in the law to further growth.
Coindesk - May 04 2026, 12:20 EST: Shopify and National Bank of Canada are among backers of a new digital currency built to settle trades 24/7Tetra Trust's new stablecoin, CADD, is aimed at institutional use for 24/7 cross-border settlement, real-time corporate treasury, and direct fintech transfers, replacing legacy batch systems.