Bookmarking Crypto Insights
On Thursday, bitcoin’s price jumped to $102,819, hitting a peak not seen since Feb. 3, and plenty of analysts point to a growing wave of institutional involvement as the driving force behind the climb. Wall Street’s Growing Appetite Sends Bitcoin Soaring Past $102K The institutions are here in full force, or so the chatter goes, … Read more
Wellgistics Health, a healthcare infrastructure company, will integrate XRP (XRP) and related technologies into its payment network to streamline transactions between pharmacies, medical suppliers and prescription medication manufacturers, the company said in an announcement on May 8. Wellgistics cited the finality time of XRP transactions and reduced transaction costs, which are fractions of a penny, … Read more
Coinbase’s agreement to buy Deribit highlights the increasing importance of financial derivatives for cryptocurrency exchanges, according to industry executives. On May 8, Coinbase, the US’s largest crypto exchange by trading volume, agreed to acquire crypto derivatives platform Deribit for $2.9 billion in the crypto industry’s largest corporate acquisition to date. The deal reflects increasing competition … Read more
Key takeaways: 97% of the $8.3 billion in Bitcoin put options expire worthless at a $102,000 BTC price. Short covering above $105,000 could trigger a Bitcoin price rally to new highs. Bitcoin (BTC) soared above $101,000 on May 8, reaching its highest level in over three months. The 4.6% daily BTC price gain triggered $205 … Read more
Michelle Bond, the wife of former FTX Digital Markets co-CEO Ryan Salame, who faces federal campaign finance charges, is pushing for dismissal on the grounds that US prosecutors deceived her husband in a plea deal. In a May 7 filing in the US District Court for the Southern District of New York, Bond’s lawyers reiterated … Read more
Alex Mashinsky, the former CEO of cryptocurrency lender Celsius Network, was sentenced today to 12 years in prison for defrauding customers and manipulating the price of the platform’s native token, CEL. In December 2024, Mashinsky pleaded guilty to one count of commodities fraud and one count of securities fraud, admitting to misleading investors about Celsius’s … Read more
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 willingness to plead guilty. But US prosecutors were … Read more
Key takeaways: Bitcoin rallies to $101,707 against a backdrop of strong fundamentals in the regulatory and traditional finance space. Traders are confident that $100,000 will hold as support. Bitcoin (BTC) price rallied above $100,000 on the heels of US President Donald Trump’s announcement of a “trade deal” with the UK, which could possibly include the … Read more
Bitcoin’s price is coasting along at $101,251 on May 8, 2025, leaving a 7.44% gap before reaching its all-time high. With a market capitalization of $2.01 trillion and a 24-hour trading volume of $58.84 billion, bitcoin’s current positioning reveals a complex but bullish technical landscape, as it ranged intraday between $95,967 and $101,711. Bitcoin On … Read more
U.S. Securities and Exchange Commission (SEC) official Hester Peirce proposed a regulatory exemption framework for crypto-related securities trading during her May 8, 2025 keynote in Washington D.C., balancing investor protection with technological innovation. SEC Mulls Regulatory Sandbox to Test Tokenized Securities Amid Industry Push Commissioner Hester Peirce emphasized the need for “sensible regulation” to maintain … Read more