Author: James Wilson

TreasureDAO will shut down its ZKsync-based Treasure Chain on May 30, nearly five months after announcing urgent cost-cutting measures and securing temporary emergency powers. TreasureDAO is pulling the plug on Treasure Chain, its own network built on ZKsync’s layer-2 scaling solution, by May 30 after TIP-52 passed, giving the core team emergency powers to handle the shutdown without stopping for more votes. Treasure Chain Wind-Down⛓️🌇Following the successful ratification of TIP-52, the Treasure Chain will shut down on May 30, 2025. Holders must bridge out all ETH, MAGIC, SMOL, and NFT holdings by the end of May.Additional updates, timelines, and next…

Uniswap has added support for Soneium, a new layer-2 blockchain built by Sony Block Solutions and Startale Labs.  Uniswap Labs announced the update in a blog post on May 6. The network is now operational on the Uniswap (UNI) wallet and web app, enabling users to bridge, trade, and supply liquidity using well-known tools.  With a focus on digital entertainment, Soneium’s mainnet debuted in January 2025. The network seeks to facilitate onchain connections between creators and fans while safeguarding intellectual property. So far, it has hosted NFTs for the popular anime Solo Leveling, distributed digital collectibles at concerts, and supported…

Florida has become the latest state to drop plans for a Strategic Bitcoin Reserve, shelving two key bills that would have allowed public funds to be invested in Bitcoin. According to the Florida Senate, both of Florida’s Bitcoin reserve bills, House Bill 487 and Senate Bill 550, were “indefinitely postponed and withdrawn from consideration” on May 3. The state’s legislative session ended on May 2 without a vote on either bill, effectively killing the proposal despite early momentum. HB 487, titled “Investments of Public Funds in Bitcoin,” was introduced in February and passed its first committee hearing unanimously on April…

Worldcoin has dropped sharply as new legal challenges emerge in Kenya and Indonesia.  Following a strong rally in April, the token has lost some of its recent gains, falling 7% in the last day and more than 22% this week. Trading activity in Worldcoin (WLD) has increased 64% despite of the price drop, indicating that traders are responding swiftly to any changes. This comes at a time when Worldcoin is increasingly dealing with global regulatory issues.  In one of the latest developments, the Worldcoin Foundation was ordered by a Kenyan High Court on May 5 to remove all biometric information…

XRP remains range-bound, trading between $2.03 and $2.30 for much of the past month. Despite initial momentum, price action has leveled off after failing to break out of this corridor in March. XRP (XRP) is currently trading at about $2.14, down 1.2% over the last day and more than 8% over the previous week. On-chain activity shows a similar picture to the stalling of price movement. According to Santiment data, the number of daily active addresses on the XRP Ledger has significantly dropped, averaging roughly 40,000, the lowest since November 2024. This is a huge drop from March, when daily…

The Pi Network token is showing poor momentum as its price and trading volume continue to decline.  According to data from crypto.news price tracker, Pi Network’s (PI) trading volume has dropped by over 35% in the past 24 hours, to about $46.8 million. This is a significant decrease from the over $800 million at the start of mainnet trading. Pi is currently trading at about $0.59, 80% below its peak of $2.99. The token has dropped 11.4% over the past month, continuing a gradual decline that doesn’t appear to be stopping anytime soon. In a shorter timeframe, it has decreased…

As mentioned in last week’s forecast of XAUUSD, gold continued its bearish pattern and broke into the 3200s zone. With global tensions, especially the tariff situation easing out, investors were seen shifting their interest from safe-haven assets and shifting to risk-based assets like stocks, or cryptocurrencies. This week, gold is looking to consolidate before the major economic event of the FOMC on Wednesday. Let’s discuss the key pivot levels for gold buying and selling in this XAUUSD weekly forecast of May 5th to May 9th, 2025. Previous week’s forecast recap of crypto.news If you followed last week’s forecast and opened…

U.S. stocks slipped Monday, ending a historic rally as investors grew cautious over renewed trade tensions and awaited signals from the Federal Reserve.  The S&P 500 dropped 0.64% to 5,650.38, breaking a nine-day winning streak — its longest since 2004. The Nasdaq Composite fell 0.74% to 17,844.24, and the Dow Jones Industrial Average dipped 0.24% to 41,218.83. Stocks opened lower as President Trump escalated tariff rhetoric over the weekend, including a proposed 100% levy on foreign films, which hit shares of Netflix and Paramount.  The announcement added to existing uncertainty around trade negotiations, particularly with China. Trump said he had…

Solana is gearing up for a major upgrade to its validators, increasing its scalability and throughput. Solana (SOL) is rolling out a major upgrade that hopes to make the chain more scalable. On Monday, May 5, Solana’s development optimization service Helius announced the rollout of Agave v2.2, an update to the Solana validator client. The update will increase block capacity by 20%, as well as introduce other improvements to network scalability and throughput. big newsSolana blocks are getting 20% biggermeaning more TPS, very soonthat + a ton of other improvements to the network are coming with Agave 2.2 — we…

Riot Platforms sold 475 Bitcoin in April 2025, marking a major shift from its long-standing 100% Bitcoin holding strategy.  The sale included all 463 BTC mined during the month and 12 Bitcoin (BTC) from its reserves, generating approximately $38.8 million at an average price of $81,731 per coin, according to a company release.  This is Riot’s first significant sale since January 2024, and it is coming as the company adjusts its treasury strategy to prioritize operational funding and minimize equity dilution.  CEO Jason Les said the move reflects a “strategic decision” to sell monthly production to support growth while maintaining…