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The US federal court for the Southern District of New York has sentenced former Celsius CEO Alex Mashinsky to 12 years in prison for fraud.
Mashinsky’s legal team sought a light sentence. They highlighted his spotless record before the Celsius incident, along with his military service and

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Key takeaways:
XRP surged on May 8, boosted by risk-on sentiment following Donald Trump’s teased trade deal with the UK.
Whale accumulation continues, with the number of addresses holding 10,000+ XRP rising steadily on price dips.
XRP broke above a key falling wedge resistance, increasing the

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The Guiding and Establishing National Innovation for US Stablecoins of 2025 Act, known as the GENIUS Act, failed to pass cloture in the United States Senate on May 8, dealing a slight blow to cryptocurrency regulation in the country.
The bill, sponsored by Senator Bill Hagerty and co-sponsored by S

US President Donald Trump was reportedly manipulated by a lobbyist tied to Ripple Labs into announcing the XRP token would be part of his plans for a national cryptocurrency reserve.
According to a May 8 Politico report, an employee of pro-Trump lobbyist Brian Ballard gave the president the text to

The US Securities and Exchange Commission (SEC) is considering rule changes to let companies more freely issue tokenized securities, SEC Commissioner Hester Peirce said in a speech published on May 8.
The regulator is “considering a potential exemptive order” for firms using blockchain technology t

Layer 2s have been a great blockchain success story. They’ve reduced congestion on the Ethereum mainnet, driving down gas fees while preserving security.
But maybe they’ve become too successful, drawing chain activity and fee income from the parent that spawned them? At least that’s what some are s

Former Celsius CEO Alex Mashinsky will probably be allowed to travel for his daughter’s wedding regardless of the outcome of his May 8 sentencing hearing.
In a May 8 filing in the US District Court for the Southern District of New York, Judge John Koeltl approved an application for Mashinsky to tra

Cryptocurrency mining firm Hut 8 increased its hashrate by 79% during the first quarter of the year.
According to Hut8’s latest quarterly report released on May 8, the firm saw a net loss of $134.3 million despite revenue of $21.8 million. The firm’s CEO, Asher Genoot, explained that this is a

Bitcoin (BTC) has long been branded as “digital gold,” a store of value for believers in scarcity, decentralization and self-sovereignty. As institutional interest grows, geopolitics shift, and new layers emerge on Bitcoin’s stack, is it time for the narrative to evolve?
In this episode of The

Coinbase, the largest cryptocurrency exchange in the US by trading volume, has agreed to acquire Deribit, one of the world’s biggest crypto derivatives trading platforms.
Coinbase Global has agreed to acquire Deribit for approximately $2.9 billion, the exchange officially announced on May 8.
The a

Key takeaways
After the shutdown of Coinhive in 2019, browser mining has made a comeback with new tools like CryptoTab Browser, Pi Network and YouHolder.
Mining with a browser can cost more in electricity than the crypto earned, especially for users with mid-range devices.
Despite being less

Sweat, a move-to-earn platform that rewards users for physical activity, has launched a personalized AI agent and expanded its multichain infrastructure. The update is designed to improve user onboarding by offering interactive guidance and simplifying asset management across blockchains.
The AI ag

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Doodles’ non-fungible token (NFTs) sales surged by 97% in the last 24 hours as digital collectible traders anticipate the project's token generation event and airdrop
On May 8, data from CryptoSlam showed Doodles NFT sales topping $1.1 million, nearly doubling the previous day’s total. The spike p

US Representative Maxine Waters, ranking member of the House Financial Services Committee (HFSC), led some Democratic lawmakers out of a joint hearing on digital assets in response to what she called “the corruption of the President of the United States” concerning cryptocurrencies.
In a May 6 join

Key points:
Bitcoin’s realized cap is beating records and has almost reached the $900 billion mark.
The market is laying the foundations for a “potentially significant price breakout,” new analysis says.
Profit-taking is not hindering the overall bull market rebound.
Bitcoin (BTC) is setting ne

Almost 60,000 Bitcoin addresses tied to LockBit’s ransomware infrastructure have been leaked after hackers breached the group’s dark web affiliate panel
The leak included a MySQL database dump shared publicly online. It contains crypto-related information that could help blockchain analysts