Author: James Wilson

Bittensor price has recently broken out of a long-standing falling wedge pattern, gaining over 70% in the past month. While bullish momentum has cooled slightly, the uptrend remains intact, with the next target set around $420. Bittensor (TAO) is up over 70% in the past month, currently trading around $369. The Bittensor rally began on April 7, when TAO price bounced off the lower trendline of a long-standing falling wedge pattern near $180, accompanied by a spike in volume. After a brief pullback in mid-April, the rally resumed, fueled by the quiet launch of the Bittensor Liquid Fund by Unsupervised…

Unconfirmed reports are circulating online that Jeffy Yu, founder of the small-cap crypto project Zerebro, may have taken his own life during a livestream on Pump.fun on May 4. The video circulating on X appears to show Yu smoking a cigarette before shooting himself in the neck. While the footage has been widely shared, the authenticity of the video remains unconfirmed at this time. On the day of his alleged death, Yu published a philosophical and technical manifesto introducing the concept of Legacoins—a term he coined to represent a new category of memecoins rooted in permanence, legacy, and symbolic immortality.…

Despite macroeconomic uncertainty, Bitcoin miners are showing confidence in further upside, as stable reserves signal their belief in continued market growth. Bitcoin (BTC) miners have shown no significant signs of capitulation, with on-chain data continuing to signal a bullish outlook, analysts at Bitfinex Alpha wrote in a recent research report. They noted that despite macroeconomic turbulence and a 32% drop from Bitcoin’s all-time high in 2024, miner reserves have remained stable. As of May 5, reserves were at 1,808,674 BTC, showing little fluctuation from December 2024 levels, suggesting a cautious holding strategy, with miners refraining from significant selling. “Given that…

Two long-dormant Bitcoin wallets from the early “Satoshi era” have suddenly become active after more than a decade of silence, moving a combined $325 million worth of Bitcoin just ahead of a major U.S. Federal Reserve interest rate decision. According to blockchain analytics platform Spot On Chain, the first whale transferred 2,343 BTC, valued at approximately $222.2 million, to a new wallet after being inactive for 10.5 years. Historical data shows that this whale originally acquired around 2,187 BTC in July 2013 for just $185,850, an average price of $85 per coin. The second whale re-emerged after more than 11…

IRS veteran Trish Turner has been appointed to lead the agency’s crypto unit, following the exit of two key private-sector hires who helped build the office’s crypto oversight. Trish Turner, a longtime IRS official, has taken over the agency’s crypto unit following the departure of two private-sector executives who played key roles in shaping the office’s crypto enforcement and regulation, Bloomberg Tax has learned, citing a person familiar with the matter. Sulolit “Raj” Mukherjee and Seth Wilks, who co-led the Office of Digital Assets, both left after just over a year with the agency. the report reads, without specifying the…

Crypto staking company, Figment, claims it is on the hunt for acquisition targets in the blockchain and crypto sector. It is currently eyeing $100 million to $200 million deals as crypto mergers spike. According to a recent Bloomberg report, the crypto staking firm is targeting crypto-focused projects that hold a strong regional presence, preferably in Asia or South America. Additionally, the company is also interested in projects that have managed to establish a “dominant” position in major blockchain such as Cosmos (ATOM) or Solana (SOL). At the moment, the company’s acquisition budget ranges somewhere between $100 million and $200 million.…

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. The UK’s crypto ambitions hinge on urgent regulatory clarity as it races to become a global blockchain hub. London has long established itself as one of the world’s financial hubs, supporting traditional banking, asset management, and fintech innovation for the United Kingdom. In recent years, the nation has established an ambition to develop as the worldwide center for blockchain technology and cryptocurrency systems. The UK needs a proper understanding of this regulatory framework to achieve its crypto vision. These…

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. In January 2025, DeepSeek’s R1 surpassed ChatGPT as the most downloaded free app on the US Apple App Store. Unlike proprietary models like ChatGPT, DeepSeek is open-source, meaning anyone can access the code, study it, share it, and use it for their own models. This shift has fueled excitement about transparency in AI, pushing the industry toward greater openness. Just weeks ago, in February 2025, Anthropic released Claude 3.7 Sonnet, a hybrid reasoning model that’s partially open…

India’s Supreme Court has raised concerns over unregulated Bitcoin trading, comparing it to a refined form of Hawala during a recent bail hearing in a crypto-related case. According to local media, the observation came as the court questioned the absence of a clear regulatory framework for virtual currencies in the country. The bench, comprising Justices Surya Kant and N Kotiswar Singh, said the lack of formal rules around crypto assets had created uncertainty, leading to potential misuse. The remarks were made while hearing the bail plea of Shailesh Babulal Bhatt, who has been in custody since August 2023 for allegedly…

Coinbase CEO Brian Armstrong says congress needs to quickly advance its stablecoin and market structure bills amidst the FIT21 momentum, hoping to have both passed before August. In a recent post, the Coinbase CEO called for immediate action from congress in advancing its stablecoin and market structure draft legislations. He believes that the momentum built through the discussion surrounding FIT21’s momentum in the House will propel the bill further. FIT21 or Financial Innovation and Technology for the 21st Century Act is a bill in the United States that aims to clarify the regulatory framework for digital assets, particularly cryptocurrencies. It…