Month: May 2025

Panama City mayor says canal should give Bitcoin-paying ships faster access

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Panama City Mayor Mayer Mizrachi has floated the idea of allowing ships transiting the Panama Canal to pay in Bitcoin for faster passage. Mizrachi proposed during a panel discussion at the Bitcoin 2025 conference in Las Vegas on May 29 that cargo ships could cut the line on waiting for their passage through the key shipping channel by paying in Bitcoin (BTC). “We have a canal — what if you get a perk for paying in Bitcoin, get your ship to go quicker if you pay in Bitcoin,” Mizrachi suggested…

Crypto staking on proof-of-stake blockchains not a security: SEC staff

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US Securities and Exchange Commission staff has given new guidance around the most common crypto staking activities, saying they are not in violation of securities laws. The SEC’s Division of Corporation Finance said in a May 29 staff statement that “Protocol Staking Activities” such as crypto staked in a proof-of-stake blockchain, “don’t need to register with the Commission transactions under the Securities Act,” or fall within “one of the Securities Act’s exemptions from registration.” It added that staking rewards are compensation for a service provided by node operators, not profits…

NYC officers temporarily removed from active duty over suspected role in SoHo crypto torture case

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Key Takeaways Two NYPD officers have been placed on leave due to their alleged involvement in the kidnapping and torture of a crypto trader. The suspects sought the trader’s crypto wallet phrase during the three-week ordeal in Manhattan. Share this article Two officers from the New York Police Department have been temporarily removed from active duty while under investigation over their alleged ties to suspects in the SoHo crypto abduction case that came to light last weekend, according to The New York Times. Police sources told The Times that one…

Hyperliquid whale losses near $100M after Bitcoin dips below $105K

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A Hyperliquid trader known as James Wynn has seen his Bitcoin long bets on the platform liquidated for almost $100 million after Bitcoin dipped below $105,000.  Wynn had made two significant long leveraged positions on Bitcoin (BTC), betting that the cryptocurrency’s price would rise, but onchain data shows those positions were liquidated to the tune of $99.3 million on May 30 as BTC fell to a 10-day low. The first position of 527.29 BTC worth $55.3 million was liquidated as Bitcoin hit $104,950, and the second position of 421.8 BTC…

Solana (SOL) Faces Renewed Selling — Will Support Levels Hold?

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Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked…

Base briefly nears 1,000 TPS, making it speed competitive with Solana

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Coinbase’s layer-2 blockchain Base briefly saw the number of transactions it processed per second near 1,000, bringing it closer to the performance of layer-1 blockchain Solana. On May 29, Base creator Jesse Pollak said on X that Base had sustained near 1,000 transactions per second (TPS) during a launch on the agentic artificial intelligence platform Virtuals.  The Ethereum scaling blockchain hit a maximum of 959 transactions a second and has a theoretical maximum of 1,429 TPS, according to Chainspect.  However, its real-time TPS is around 156, and these spikes are…

XRP Price Slips Again — Is a Deeper Correction Underway?

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Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked…

NYC cops linked to crypto torture case put on modified duties: Report

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The New York Police Department has reportedly placed two officers on modified duties after the pair was accused of being linked to a local townhouse where a crypto trader was allegedly kidnapped and tortured before escaping. NYPD detective Roberto Cordero, who serves on New York City Mayor Eric Adams’ security detail, is said to have picked up the alleged victim, Michael Valentino Teofrasto Carturan, from the airport and driven him to the townhouse, The New York Times reported on May 29, citing two city officials with knowledge of the matter.…

Ethereum ETF investors are ‘substantially underwater’ — Glassnode

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Most investors in spot Ether exchange-traded funds from asset managers BlackRock and Fidelity Investments are facing significant losses, according to crypto analytics firm Glassnode. “The average investor in the BlackRock and Fidelity Ethereum ETFs are now substantially underwater on their position, holding an unrealized loss of approximately -21% on average,” Glassnode said in its May 29 report. Ether (ETH) is currently trading at $2,601, according to CoinMarketCap data. However, BlackRock’s spot Ether ETF has a cost basis of $3,300, while Fidelity’s is higher at $3,500.  Funds dropped on Trump tariffs…

Ethereum Price Faces Mild Correction — Support Levels in Focus

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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Ethereum price started a fresh decline from the $2,780 resistance zone. ETH is now trading below $2,650 and might continue to move down. Ethereum started a downside correction below…