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Ethereum Foundation Commits $32.65M to Advance L2 Efficiency and Education

The Ethereum Foundation has allocated $32.65 million in grants through its Ecosystem Support Program (EFESP) during the first quarter of 2025. In a May 8 update, the foundation broke down the allocations by category, type, and recipient, but it did not provide information on how much each beneficiary received. Project Details According to the post, […]

BTC, ETH, XRP Gain as Donald Trump Teases Major Trade Deal

The broader cryptocurrency market has charted a notable increase over the past hours following an announcement from the US president about a “major trade deal” expected to be announced tomorrow. BTC, ETH, XRP, Altcoins Gain As CryptoPotato reported, Bitcoin’s price is seemingly aimed for the important technical and psychological resistance level at $100,000. The broader cryptocurrency market […]

Crypto.com Expands US Presence with New Washington, DC Office

Crypto.com is growing its U.S. presence with a new regional office in Washington, D.C. This development comes as 21Shares has introduced a new Exchange-Traded Product (ETP) that gives investors regulated access to Crypto.com-supported blockchain Cronos. Return to the American Market According to a May 7 press release shared with CryptoPotato, the new office will be […]

GENIUS Act Gains Support from a16z’s Chris Dixon and Coinbase’s Brian Armstrong

Major industry figures, such as Chris Dixon and Brian Armstrong, have publicly backed the bipartisan Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act. This endorsement comes ahead of a key Senate vote scheduled for this Thursday. Industry Support Introduced in February 2025 by Senator Bill Hagerty, the GENIUS Act is co-sponsored by Senate […]

Bitcoin Tapped $97K as US and China Plan High-level Trade Talks

Bitcoin prices reached an intraday and five-day high of $97,650 during early trading in Asia on Wednesday, May 7. The move has returned the asset to the same level it reached on May 2, where it hit resistance and retreated back below $94,000. Today’s jump added almost $4,000 to BTC prices in around 12 hours, but […]

Bitcoin Supply in Profit at 88% Signals Strong Market Support: Glassnode

Bitcoin (BTC) may be facing short-term volatility, but fresh on-chain data from Glassnode suggests a resilient foundation beneath the market’s surface. Despite a recent pullback from its all-time high (ATH) of over $109,000, BTC has rebounded from its April lows near $75,000 to consolidate above $94,000, putting 88% of its circulating supply in profit. Market […]

3 Things That Could Prevent a Bitcoin All-Time High This Year

Bitcoin and crypto markets could face headwinds preventing new peaks if certain scenarios play out, wrote Bitcoin researcher and author Timothy Peterson. The economist provided the analysis to counter his bullish prediction that BTC could reach $135,000 in the next three months or so. Continued poor or declining sentiment could impact crypto markets should things not […]