Author: James Wilson

Bitcoin price continued rising, reaching its highest point since February, as trade optimism rose ahead of the Federal Reserve decision. Bitcoin (BTC) climbed to $97,650 on Wednesday, up 30% from its lowest point this year. This latest rally has pushed Bitcoin’s market dominance to 65.70%, its highest level since January 2021. The dominance rose as many altcoins, especially Ethereum (ETH) continued to underperform the market. Ethereum’s market dominance has fallen to 7.5% from a peak of 22.27% in 2022. Its price is at risk of dropping to a record low against Bitcoin.  Bitcoin dominance has strengthened because BTC remains just…

Newly released documents show the New York Attorney General urged the SEC to classify Ethereum as a security. This urgency was evident during the SEC’s 2023 enforcement action against crypto exchange KuCoin. However, the SEC ultimately declined to publicly state that position.  The documents, made public by Coinbase through a Freedom of Information Act request, include an email from Shamiso Maswoswe, head of the Investor Protection Bureau at the NYAG’s office, to SEC Chair Gary Gensler’s chief of staff.  In the message, Maswoswe requested that the SEC file an amicus brief supporting the argument that Ethereum (ETH) is a security.…

Solana’s DEX volume has reached $806.8 billion so far in 2025, with Jupiter still dominating. Solana’s (SOL) ecosystem has broken a major milestone in network activity. As of Wednesday, May 7, total decentralized exchange volume in 2025 on Solana was $806.8 billion, according to a data from Top Ledger. This represents a nearly 400% increase from the same period last year, when DEX volume was at $201 billion. Solana monthly DEX volume in USD | Source: Top Ledger January accounted for more than half of the DEX volume this year at $408 billion. The crpyto market rally, which started in…

Canadian investment fund manager 3iQ has teamed up with Abu Dhabi-based alternative investments firm AltNovel to launch the first multi-strategy digital assets fund in the Middle East. 3iQ and AltNovel, a platform regulated by the Financial Services Regulatory Authority, announced the launch of the AltNovel Digital Access Portfolio in an announcement on May 7.  The product is the first digital asset multi-strategy fund in the Middle East. ADAP targets qualified institutional investors, offering reduced correlation to traditional assets and hedge funds. It also seeks to offer investors access to improved risk-adjusted returns versus assets like Bitcoin (BTC) and stocks. With…

Core Ventures, the investment arm aligned with the Core Foundation, has deployed more than $1 million across 15 Bitcoin-aligned projects since launching in early 2024. Core Ventures is on a mission to transform Bitcoin (BTC) from a passive store-of-value into an active layer of financial infrastructure that can serve as the foundation for lending, yield generation, stablecoins, and decentralized finance, crypto.news can exclusively report. As the BTCFi continues to grow with a total value locked across Bitcoin-based DeFi protocols up 2,700% since January, Core Ventures is funding projects that push Bitcoin’s programmability. The portfolio spans key verticals including lending, staking,…

Litecoin price held steady on Wednesday, a day after the Securities and Exchange Commission delayed the Canary LTC ETF.  Litecoin (LTC) rose to $93.70, its highest level since March 26, and 43% above its lowest level in April. The coin rallied even the SEC delayed approving a spot LTC ETF by Canary, a fast-growing asset management company. As a result, the odds of approval on Polymarket dropped to 75% from this week’s high of 80%. A spot LTC ETF is seen as having higher chances of approval due to Litecoin’s similarity to Bitcoin. Both are proof-of-work coins, with key differences…

Valour, a subsidiary of DeFi Technologies and issuer of exchange-traded funds, has announced the launch of two new ETPs for Litecoin and Curve DAO Token. Valour launched the Valour Curve DAO (CRV) and Valour Litecoin (LTC) exchange-traded funds  on the Spotlight Stock Market in Sweden.  Following the announcement, prices for both assets rose, with LTC surging more than 12% to outpace most top-100 altcoins by market cap. The rally comes even as the U.S. Securities and Exchange Commission recently delayed a decision on a proposed spot Litecoin ETF. Litecoin, often dubbed “digital silver” in relation to Bitcoin, rose above $92,…

Revolut has partnered with Lightspark to integrate Bitcoin’s Lightning Network into its payments infrastructure for users in the UK and select European Economic Area countries. Revolut is now using Bitcoin’s (BTC) Lightning Network through Lightspark to let users send crypto instantly and with lower fees, making digital payments faster and cheaper, according to a company post. The move is designed to reduce network costs and transaction times, tapping into what Lightspark describes as the “open Money Grid.” Revolut’s GM of Crypto, Emil Urmanshin, said the integration is part of the fintech company’s broader goal to offer faster and more affordable…

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Asset Entities surged over 200% in trading following news that it will merge with Strive Asset Management to form the first publicly traded Bitcoin treasury asset manager.  The combined entity will operate under the Strive brand and remain listed on NASDAQ, with a mission to maximize long-term Bitcoin exposure per share. The new company intends to accumulate Bitcoin (BTC) aggressively using a multi-pronged approach.  This includes a first-of-its-kind offering that allows accredited investors to exchange Bitcoin for equity in the public company, potentially in a tax-free manner under Section 351 of the U.S. tax code.  The company also plans to…