CryptoSlate - Cryptocurrency News Sites

Bitcoin’s brief drop below $80,000 during the last 24 hours has exposed a more fragile market after weeks of gains, but options traders are not yet treating the pullback as the start of a deeper breakdown. According to CryptoSlate data, the retreat erased part of a rally that had carried Bitcoin about 37% higher since The post Bitcoin briefly slips below $80,000, but options traders are betting the dip won’t last appeared first on CryptoSlate.

In a May 8 speech, SEC Chair Paul Atkins said the agency could consider a limited “innovation pathway” for on-chain trading systems in the near future. Meanwhile, the agency will reserve formal notice-and-comment rulemaking to determine how crypto platforms fit inside the exchange definition. Atkins tied that idea directly to the SEC's handling of electronic The post The SEC looks at a 1990s fix for crypto markets to allow true “innovation pathway” appeared first on CryptoSlate.

Toncoin (TON) surged from roughly $1.32 on May 1 to an intraday high of $2.90 by May 7, pushing its market cap to approximately $7.8 billion. The catalyst was Pavel Durov's announcement that Telegram would replace the TON Foundation as the network's primary driving force and become its largest validator within two to three weeks. The post TON price doubles after Telegram made a move critics say cuts against crypto’s core promise appeared first on CryptoSlate.

The CLARITY Act is finally moving toward a long-awaited Senate Banking Committee markup next week, but its path is being complicated by a fight over whether Congress should impose new ethics restrictions on federal officials and elected leaders involved with the crypto industry. On May 7, crypto journalist Eleanor Terrett reported that the draft text The post Next week’s CLARITY Act markup could fall apart over Trump family crypto ethics fight appeared first on CryptoSlate.

Ethereum's share of the total value locked (TVL) in DeFi compressed from 63.5% at the start of 2025 to around 54% as of May 7, hovering near the lowest level recorded since May 2025. DefiLlama puts Ethereum's current TVL at $45.4 billion, while the chains absorbing share have each staked out a distinct function, such The post Ethereum loses 10% of its DeFi market share as rival chains close in appeared first on CryptoSlate.

At Consensus 2026, Cardano's Charles Hoskinson said that “users should probably never have their private keys,” adding that “something should have the private keys for the users.” He argued that the secure chips already embedded in iPhones, Android phones, and Samsung devices outperform those in Ledger and Trezor devices, and that most crypto users already The post Cardano’s Charles Hoskinson says the future of crypto wallets will be inside iPhones and Androids appeared first on CryptoSlate.

The European Union is racing against a self-imposed deadline to implement its side of the existing US-EU trade accord, with the next formal trilogue round set for May 19 in Strasbourg. President Donald Trump threatened on May 2 to lift tariffs on EU cars and trucks to 25% from 15%, a move the Kiel Institute The post Bitcoin faces new tariff risk as EU races to finalize US trade deal this month appeared first on CryptoSlate.

Coinbase, the largest US-based exchange, ended a difficult first quarter with a fresh test of investor confidence after the crypto exchange missed Wall Street estimates by reporting another quarterly loss, and later suffered a service disruption tied to an Amazon Web Services (AWS) outage. The sequence gave investors a sharp reminder of the company’s two The post Coinbase went down for over 5 hours after missing earnings. Bulls still see a path to $300 billion by 2030 appeared first on CryptoSlate.

Elon Musk’s SpaceX has turned one of the world’s largest artificial intelligence clusters into a commercial compute product, creating a new challenge for Bitcoin miners racing to recast themselves as AI infrastructure companies. Anthropic said it reached a deal to use the full computing power of SpaceX’s Colossus 1 facility in Memphis, Tennessee, giving the The post Bitcoin miners using AI as a bear market escape plan just got a new rival in Elon Musk appeared first on CryptoSlate.

XRP has moved from a deleveraging panic to a fragile base-building phase, and the question of when the next all-time high will return hinges on catalysts that have yet to show up in price. The asset trades around $1.42 on CryptoSlate's live XRP page today, May 7, with a market value near $87.5 billion, roughly The post XRP can still break its all-time high and climb 170% this year appeared first on CryptoSlate.