Cointelegraph

Decentralized finance platform Synthetix has axed its $27 million plan to acquire crypto options platform Derive after negative community feedback.
A Synthetix spokesperson told Cointelegraph on May 22 that its acquisition proposal, pitched to its community

Crypto influencer Anthony Pompliano’s fintech-focused blank-check company, ProCap Acquisition Corp (PCAPU), rose 7% on its debut Nasdaq listing after a last-minute upsizing of its initial public offering.
ProCap had boosted its IPO from $200 million to $220 million on May 20, a day before its publi

Australia’s financial regulator will seek the High Court’s permission to appeal a lower court’s ruling favoring fintech firm Block Earner, which found the company’s crypto-linked fixed-yield earning service is not a financial product.
The Australian Securities and Investment Commission (ASIC)

VanEck plans to launch a private digital assets fund in June targeting tokenized Web3 projects built on the Avalanche blockchain network, the asset manager said in a statement shared with Cointelegraph.
The VanEck PurposeBuilt Fund, available only to accredited investors, aims to invest in liquid t

A Democratic representative in the US Congress will support a blockchain bill at a time when many left-leaning lawmakers are blocking crypto-related pieces of legislation due to concerns with President Donald Trump’s potential conflicts of interest.
In a May 21 notice, Minnesota Representative

Solana Mobile, a subsidiary of blockchain technology company Solana Labs, has revealed the next steps for its soon-to-be-shipped Seeker device and the overall ecosystem. The steps include a new, trustless architecture, a native token, and the Seeker ship date.
According to the announcement, Solana

A New York jury found Braden John Karony, the former CEO of cryptocurrency company SafeMoon, guilty of three felony charges after less than a day of deliberation.
According to May 21 reporting from the courtroom, in the US District Court for the Eastern District of New York, a jury convicted Karony

Democratic leaning organizations and members of Congress have announced plans to protest what they describe as the sale of access to the office of the US president, in reference to Donald Trump’s memecoin dinner on May 22. The event’s attendees are said to have collectively spent over $100 million f

The Texas House of Representatives has passed the third reading of SB 21, a bill that seeks to establish a strategic Bitcoin reserve in the state. The bill passed in a 101-42 vote and will now go to Texas Governor Greg Abbott to either sign into law or veto.
SB 21, authored by state Senator

Key takeaways:
Bitcoin market cycle tops are notoriously hard to time, but combining technical and behavioral indicators can offer strong signals.
The MVRV-Z Score, Pi Cycle Top indicator, trade volume trends, Puell Multiple, and exchange inflows accurately predict Bitcoin price cycle tops.
Bitc

Key points:
Ethereum holders are back in profit, increasing chances for a rally to $3,000 and beyond.
Ether sell pressure risk exists at $2,800, where 2.27 million ETH could be sold.
Ether's recent surge to $2,700 on May 14 pushed its value above its realized price, implying that the average hol

Key takeaways:
The Bitcoin Quantile Model shows “heat” with price on the verge of an “acceleration phase,” echoing Q4 2024 when BTC embarked on a 45% post-election rally.
Bitcoin (BTC) price has formed a new intraday high on each daily candle this week, with the crypto asset slowly grinding

Key takeaways
Properly accounting for crypto assets on your balance sheet is essential for accurate tax reporting and financial transparency.
Crypto trading activities should be recorded like stock trading, at fair market value on the day of purchase.
In some countries, like the US, crypto