Crypto Breaking News

GameStop has made an unsolicited $55.5 billion cash-and-stock offer to acquire eBay, marking a bold attempt to expand beyond its core retail business.

K Wave Media is abandoning its Bitcoin treasury strategy, redirecting up to $485 million into artificial intelligence infrastructure, according to a filing with the US Securities and Exchange Commission.

Hut 8 has secured a $200 million Bitcoin-backed credit facility from FalconX, replacing its previous loan with Coinbase Credit.

Marc Franklin of Manulife Investment Management says the focus is on what are the cyclical and structural impacts of the Middle East conflict. Franklin says there's a "preference more towards the US" than Europe. He adds that within the equity market construct, the firm likes structural plays, such as tech and AI "which still seem to have good tailwinds."

Western Union has launched its US dollar-backed USDPT stablecoin on Solana, marking its entry into blockchain-based payments and onchain settlement.

Barry Sternlicht, Chairman and CEO at Starwood Capital Group, discusses the company's business strategy and investing in AI and data centers. He speaks with Romaine Bostick from the sidelines of the Milken Institute Global Conference in Beverly Hills.

Institutional investors are beginning to enter prediction markets, signalling a shift from retail-driven platforms toward more structured financial instruments, according to a Bernstein report.

Aave has secured an emergency hearing in a New York federal court to challenge a restraining order that could redirect $71 million in frozen crypto away from hack victims.

XRP is trading near $1.40 with volatility at multi-year lows, as tightly compressed Bollinger Bands signal a likely breakout.

South Korea’s crypto industry has warned that proposed anti-money laundering changes could sharply increase reporting burdens for exchanges, potentially disrupting operations.

Bitcoin surged past $80,000 on May 4, hitting a three-month high of $80,617 and pushing its market capitalisation above $1.6 trillion amid heightened geopolitical tensions.

Onchain investigator ZachXBT has accused crypto influencer Ashcrypto of orchestrating a pump-and-dump scheme involving the ROYA token, raising fresh concerns about social media-driven market manipulation.