Coinatory

Tron Overtakes Ethereum in USDT Supply with $1B Mint On May 15, 2025, Tether minted an additional $1 billion of its USD-pegged stablecoin, USDT, on the Tron blockchain. This issuance raised Tron's authorized USDT supply to approximately $74.7 billion, surpassing Ethereum's $74.5 billion. Tron also leads in terms of circulating supply, with $73.6 billion USDT in active circulation compared to Ethereum's $71.8 billion. This milestone marks the first time since November 2024 that Tron has overtake... cryptocurrency news

Tether Buys $459M in Bitcoin for Twenty One Capital Launch Tether has made a significant investment in Bitcoin, paying $458.7 million for 4,812 BTC on behalf of Twenty One Capital, a new Bitcoin treasury business that Jack Mallers created. The purchase was carried out at an average price of $95,320 per Bitcoin, as revealed by Cantor Equity Partners in a May 13 report to the U.S. Securities and Exchange Commission (SEC). In April, Tether, Bitfinex, Cantor Fitzgerald, and SoftBank Group unveiled Twenty... Coinatory cryptocurrencies news

SEC Chair Vows ‘New Day’ to Make U.S. Global Crypto Capital In a decisive shift in tone and policy, SEC Chair Paul Atkins announced a new regulatory era aimed at positioning the United States as the "crypto capital of the planet." Speaking at the third session of a four-part SEC roundtable series on tokenization, Atkins emphasized a move away from enforcement-led oversight toward proactive rulemaking that embraces blockchain innovation. Opening the roundtable, Atkins framed the discussion as timely an... crypto news

Strategy Buys $1.34B in Bitcoin as Price Exceeds $100K Bitcoin bull Michael Saylor has once again made headlines as Strategy, the firm he co-founded, acquired 13,390 BTC for approximately $1.34 billion between May 5 and May 11, during a period when the cryptocurrency broke past the $100,000 threshold. The transaction, disclosed in a May 12 filing with the U.S. Securities and Exchange Commission, marks a 2.4% increase in Strategy’s Bitcoin holdings, which now total 568,840 BTC. The aggregate ... Coinatory crypto news

Ethereum Surpasses Coca-Cola and Alibaba After 42% ETH Surge Ethereum's native token, Ether (ETH), experienced a significant surge in market capitalization, overtaking global giants Coca-Cola and Alibaba. This ascent follows the successful deployment of Ethereum's Pectra upgrade on May 7, 2025. As of May 12, ETH was trading at approximately $2,550, marking a 42% increase from its pre-upgrade value of $1,786. This price movement lifted Ethereum’s market capitalization to over $308 billion, positioning i... Coinatory

Ethereum's Potential Breakout: Analyst Eyes $3,800–$4,800 Target Veteran trader Peter Brandt has identified a potential bullish breakout for Ethereum (ETH), contingent upon the altcoin surpassing a key congestion pattern. Brandt highlighted a rising wedge formation—a chart structure often considered bearish—but suggested that a breakout above this formation could propel ETH toward the descending resistance line, with price targets in the $3,800 to $4,800 range. This optimistic technical outlook aligns with... cryptocurrency news

Coinbase Revenue Falls 10% in Q1 Coinbase Global Inc. reported a 10% decline in total revenue for the first quarter of 2025, falling to $2 billion and missing Wall Street estimates by 4.1%, as slowing market conditions weighed on trading activity. Despite the revenue shortfall, the cryptocurrency exchange managed to surpass earnings expectations, posting earnings per share (EPS) of $1.94 versus the Zacks Consensus Estimate of $1.85. Revenue Pressures and Crypto-Linked Losses... Coinbase Revenue Falls 10% in Q1 Coinatory

Ethereum Surges 20% Post-Pectra Upgrade Amid Market Optimism Ethereum (ETH) experienced a sharp rally, soaring nearly 20% following the successful implementation of the long-anticipated Pectra upgrade on May 7, 2025. The update, which consolidates the Prague and Electra hard forks, introduced critical enhancements including increased staking limits, improved wallet functionality, and broader scalability improvements intended to strengthen network efficiency. This bullish momentum propelled ETH’s price ... cryptocurrency news Coinatory

Solana Lags Ethereum in Institutional Adoption, Says Sygnum Despite recent surges in transaction volume and fee generation, Solana still lacks the institutional appeal to displace Ethereum as the blockchain of choice for traditional finance, according to crypto bank Sygnum. Institutional Preference Still Favors Ethereum In a blog post dated May 8, Sygnum emphasized that while current market sentiment may favor Solana's performance metrics, the long-term decisions of financial institutions ... cryptocurrency news Coinatory

Ethereum Eyes $3K Amid Bullish Technicals and Network Growth Ethereum (ETH) is showing signs of a significant breakout, supported by strong network fundamentals and technical indicators. As of early May, ETH is attempting to reverse a downtrend that has persisted since December, with analysts eyeing the $3,000 level as a short-term target. Technical Indicators Suggest a Bullish Shift Ethereum broke above a key six-month descending trendline on April 22, crossing the $1,600 mark, which had acted as a... cryptocurrency news Coinatory

Ethereum's Pectra Upgrade Enhances Staking and Scalability Ethereum has officially activated its long-anticipated Pectra upgrade, marking a significant evolution in the network’s core infrastructure. Implemented on May 7, 2025, during epoch 364032, the upgrade introduces critical Ethereum Improvement Proposals (EIPs) designed to improve scalability, staking mechanics, and the overall user experience. Account Abstraction (EIP-7702) EIP-7702 enables externally owned accounts (EOAs) to operate with the ... cryptocurrency news Coinatory

Ethereum's Pectra Upgrade Enhances Staking and Scalability Ethereum has officially activated its long-anticipated Pectra upgrade, marking a significant evolution in the network’s core infrastructure. Implemented on May 7, 2025, during epoch 364032, the upgrade introduces critical Ethereum Improvement Proposals (EIPs) designed to improve scalability, staking mechanics, and the overall user experience. Account Abstraction (EIP-7702) EIP-7702 enables externally owned accounts (EOAs) to operate with the ... cryptonews today

Bitcoin-Backed Lending Marks Next Phase of Crypto Maturity As confidence in the digital asset market strengthens, Bitcoin-backed lending is emerging as a practical financial tool for long-term investors, according to Seamus Rocca, CEO of Xapo Bank. Speaking at the Token2049 event in Dubai, Rocca emphasized that the increasing stability of Bitcoin’s price and broader institutional interest are prompting a shift from speculation to structured financial engagement. Institutional Adoption Spurs Lending I... cryptocurrency news

KuCoin’s BTC Reserves Plunge 77% Post-KYC Mandate KuCoin, once a significant player among centralized crypto exchanges, has witnessed a sharp 77.6% decline in its Bitcoin reserves over the past two years, according to a recent CryptoQuant analysis. The primary driver behind this steep drop was the exchange’s enforcement of mandatory Know Your Customer (KYC) procedures in June 2023. The decision to mandate identity verification for all users was initially surrounded by speculation but was for... cryptonews

CZ Predicts Bitcoin Could Soar to $1M Amid ETF and Institutional Surge Changpeng “CZ” Zhao, co-founder of Binance, has made a bold prediction for Bitcoin’s trajectory, forecasting a price range of $500,000 to $1 million in the current market cycle. Speaking during a May 5 interview with Rug Radio, Zhao cited the institutional adoption of Bitcoin, especially through spot exchange-traded funds (ETFs), as a major catalyst for the digital asset’s bullish momentum. “There’s the ETFs. There’s this institutionalization... crypto news

Democrats Walk Out Over Trump Crypto Ties at Congressional Hearing Democratic lawmakers, led by Rep. Maxine Waters, staged a dramatic walkout from a joint congressional hearing on digital assets, citing what they described as “the corruption of the President of the United States” related to cryptocurrency. Waters, the ranking member of the House Financial Services Committee (HFSC), objected to the proceedings on grounds that former President Donald Trump’s financial entanglements in the crypto space compromise... Coinatory cryptocurrencies news

Tron Nears Ethereum in USDT Circulation with $1B Mint Tether has minted an additional $1 billion in USDT on the Tron blockchain, bringing Tron's total USDT circulation to $71.4 billion. This positions Tron just $1.4 billion behind Ethereum's $72.8 billion USDT supply, signaling a potential shift in stablecoin dominance. Historically, Tron surpassed Ethereum in USDT circulation between July 2022 and November 2024. However, a significant $18 billion mint on Ethereum in late 2024 reestablished its ... Coinatory cryptocurrency news

Vitalik Buterin: Rollups Must Prove Security Before Decentralizing Ethereum co-founder Vitalik Buterin has stressed that rollup-based Layer-2 platforms must demonstrate mature and reliable proof systems before transitioning to full decentralization. According to Buterin, decentralization should occur only when the probability of failure in the cryptographic proof mechanism becomes lower than the systemic risks associated with centralized control. This perspective was shared in response to growing discussions... cryptocurrency news Coinatory

Trump Gives Conflicting Responses on Memecoin Profits Amid Crypto Push President Donald Trump has offered conflicting remarks regarding whether he has profited from his self-branded cryptocurrency, the "Official Trump" (TRUMP) memecoin, launched in January just days before he assumed office for a second term. In a May 4 interview with Kristen Welker on NBC’s Meet the Press, Trump insisted, “I’m not profiting from anything,” when asked about potential financial gains from the TRUMP token. Yet, when pressed f... Trump Gives Conflicting Responses on Memecoin Profits Amid Crypto Push Coinatory

OKX Disputes Justin Sun’s Claims After Tron Hack OKX CEO and founder Star Xu has firmly defended the crypto exchange’s compliance procedures following accusations from Tron founder Justin Sun. The dispute stems from a recent security breach of Tron’s official X (formerly Twitter) account, which led Sun to claim that OKX failed to act on a law enforcement directive to freeze stolen digital assets. Sun's public objection was dismissed by Xu, who emphasized that OKX follows formal legal proced... cryptocurrency news today