Category: Cryptocurrency News

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US big banks hold early talks on joint crypto stablecoin: WSJ

Some of the biggest banking companies in the US are reportedly exploring a team-up to launch a crypto stablecoin.Companies owned by JPMorgan, Bank of America, Citigroup and Wells Fargo have discussed the possibility of jointly issuing a stablecoin, The Wall Street Journal reported on May 22, citing people familiar with the matter.Other financial institutions linked to the potential stablecoin include Early Warning Services, the parent company of digital payments network Zelle, and the payment network Clearing House.The discussions are still in the early stages, and a final decision on the project could change depending on the regulatory environment and the demand for stablecoins.A JPMorgan spokesperson told Cointelegraph the company had no comment. Bank of America, CitiGroup, and Wells Fargo did not immediately respond to requests for comment.On May 20, the US Senate voted 66-32 in favor of advancing discussion on the stablecoin-regulating Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act. The bill outlines a regulatory framework for stablecoin collateralization and mandates compliance with Anti-Money Laundering laws. The bill is now headed to debate on the Senate floor.Earlier this week, White House crypto czar David Sacks said he expects the bill will be passed and that it will receive bipartisan support.However, high-ranking Democrats plan to amend the bill to include a clause prohibiting President Donald Trump and other US officials from profiting from stablecoins.Trump and his family launched the crypto platform World Liberty Financial, which created the USD1 stablecoin in March. Critics argue that President Trump stands to personally benefit from passing favorable stablecoin regulation.Related: World Liberty Financial brushes off oversight concerns from CongressStablecoin demand surgesThe demand for stablecoins has been on the rise, with nation states adopting and institutions wanting to incorporate stablecoins.The total market capitalization of stablecoins has shot up to $245 billion from $205 billion at the start of the year, representing a 20% increase.Earlier this week, it was reported that yield-bearing stablecoins now account for nearly 4.5% of the entire stablecoin market, with a circulating supply of $11 billion.Austin Campbell, a New York University professor and founder of Zero Knowledge Consulting, said the American banking lobby is “panicking,” as stablecoins can disrupt the traditional banking business model.Earlier this month, it was reported that tech giant Meta is exploring ways to incorporate stablecoin payments into its platforms.Magazine: Crypto wanted to overthrow banks, now it’s becoming them in stablecoin fight

Anthropic’s debuts most powerful AI yet amid ‘whistleblowing’ controversy

Artificial intelligence firm Anthropic has launched the latest generations of its chatbots amid criticism of a testing environment behaviour that could report some users to authorities.Anthropic unveiled Claude Opus 4 and Claude Sonnet 4 on May 22, claiming that Claude Opus 4 is its most powerful model yet, “and the world’s best coding model,” while Claude Sonnet 4 is a significant upgrade from its predecessor, “delivering superior coding and reasoning.”The firm added that both upgrades are hybrid models offering two modes — “near-instant responses and extended thinking for deeper reasoning.”Both AI models can also alternate between reasoning, research and tool use, like web search, to improve responses, it said. Anthropic added that Claude Opus 4 outperforms competitors in agentic coding benchmarks. It is also capable of working continuously for hours on complex, long-running tasks, “significantly expanding what AI agents can do.” Anthropic claims the chatbot has achieved a 72.5% score on a rigorous software engineering benchmark, outperforming OpenAI’s GPT-4.1, which scored 54.6% after its April launch. Claude v4 benchmarks. Source: Anthropic Related: OpenAI ignored experts when it released overly agreeable ChatGPTThe AI industry’s major players have pivoted toward “reasoning models” in 2025, which will work through problems methodically before responding. OpenAI initiated the shift in December with its “o” series, followed by Google’s Gemini 2.5 Pro with its experimental “Deep Think” capability.Claude rats on misuse in testingAnthropic’s first developer conference on May 22 was overshadowed by controversy and backlash over a feature of Claude 4 Opus.Developers and users reacted strongly to revelations that the model may autonomously report users to authorities if it detects “egregiously immoral” behavior, according to VentureBeat. The report cited Anthropic AI alignment researcher Sam Bowman, who wrote on X that the chatbot will “use command-line tools to contact the press, contact regulators, try to lock you out of the relevant systems, or all of the above.” However, Bowman later stated that he “deleted the earlier tweet on whistleblowing as it was being pulled out of context.”He clarified that the feature only happened in “testing environments where we give it unusually free access to tools and very unusual instructions.”Source: Sam BowmanThe CEO of Stability AI, Emad Mostaque, said to the Anthropic team, “This is completely wrong behaviour and you need to turn this off — it is a massive betrayal of trust and a slippery slope.”Magazine: AI cures blindness, ‘good’ propaganda bots, OpenAI doomsday bunker: AI Eye

Daily General Discussion – May 23, 2025

Welcome to the Daily General Discussion on r/ethereum https://imgur.com/3y7vezP Bookmarking this link will always bring you to the current daily: https://old.reddit.com/r/ethereum/about/sticky/?num=2 Please use this thread to discuss Ethereum topics, news, events, and even price! Price discussion posted elsewhere in the subreddit will continue to be removed. As always, be constructive. – Subreddit Rules Want to…
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Hackers using fake Ledger Live app to steal seed phrases and drain crypto

Cybercriminals are using fake Ledger Live apps to drain macOS users’ crypto through malware that steals seed phrases, a cybersecurity firm warns. The malware replaces the legitimate Ledger Live app on victims’ devices and then prompts the user to input their seed phrase through a phony pop-up message, a team from Moonlock said in a May 22 report.“Initially, attackers could use the clone to steal passwords, notes, and wallet details to get a glimpse of the wallet’s assets, but they had no way to extract the funds,” the Moonlock team said.“Now, within a year, they have learned to steal seed phrases and empty the wallets of their victims,” it added. One way the scammers replace the real Ledger Live app with a clone is through the Atomic macOS Stealer, designed to steal sensitive data, which Moonlock said it has found lurking on at least 2,800 hacked websites.Source: Moonlock After infecting a device, Atomic macOS steals personal data, passwords, notes and wallet details and replaces the real Ledger Live app with a phony. “The fake app then displays a convincing alert about suspicious activity, prompting the user to enter their seed phrase,” the Moonlock team said.“Once entered, the seed phrase is sent to an attacker-controlled server, exposing the user’s assets in seconds.”Malware campaign active since August Moonlock has been tracking malware that’s distributing a malicious clone of Ledger Live since August, with at least four active campaigns, and they think hackers are “only getting smarter.” Threat actors on the dark web are offering malware with “anti-Ledger” features. However, one of the examples examined by Moonlock did not feature the full anti-Ledger phishing functionality advertised. The firm speculates those features could “still be in development or is forthcoming in future updates.” Moonlock says hackers are offering malware for would-be thieves to steal from Ledger users. Source: Moonlock“This isn’t just a theft. It’s a high-stakes effort to outsmart one of the most trusted tools in the crypto world. And the thieves are not backing down,” Moonlock said. “On dark web forums, chatter around anti-Ledger schemes is growing. The next wave is already taking shape. Hackers will continue to exploit the trust crypto owners place in Ledger Live.” Related: Ledger secures Discord after hacker bot tried to steal seed phrasesTo avoid falling prey to similar malware scams, the cybersecurity firm recommends being wary of any page that warns of a critical error and asks for a 24-word recovery phrase.At the same time, never share a seed phrase with anyone or input it on any website, no matter how legitimate it looks, and only download Ledger Live from its official source. Ledger didn’t immediately respond to Cointelegraph’s request for comment. Magazine: ChatGPT a ‘schizophrenia-seeking missile,’ AI scientists prep for 50% deaths

Pictures give glimpse inside Trump’s memecoin holder dinner

Photos from within US President Donald Trump’s secretive dinner for his top memecoin buyers show attendees were treated to a three-course meal and gift bags as protesters gathered outside the event to accuse Trump of profiting from the presidency.Pictures posted online by some of the 220 largest holders of the Official Trump (TRUMP) token — one of several crypto ventures critics have said conflicts with Trump’s ethics as president — show attendees were greeted by large posters bearing “Fight Fight Fight,” which also sat atop each table, referencing the company that launched the memecoin.The White House said it would not publish a guest list of those who attended the dinner, but Tron CEO Justin Sun, Magic Eden CEO Jack Lu and BitMart CEO Sheldon Xia were among those sharing snaps of the dinner held at the Trump National Golf Club in Virginia.Trump Crypto Dinner! #TrumpCoin @GetTrumpMemes pic.twitter.com/9ZredNjOEu— Sheldon (@sheldonbitmart) May 23, 2025On the menu was a “Trump organic field green salad” to start, which was followed by a filet mignon and pan-seared halibut with mashed potatoes and vegetable medley, with a lava cake for dessert, according to two photos taken by apparent attendees seen by Cointelegraph.The menu on offer at Trump’s Gala Dinner on May 22. Source: Christoph Heuermann/InstagramA video of the event shows that attendees were also given a gift bag containing a black hat.Sun, who the Securities and Exchange Commission charged with securities laws violations before it dropped the case under the Trump administration, was the single largest buyer of Trump’s memecoin leading up to the dinner.A video shows the Chinese-born crypto entrepreneur, who is also the biggest backer of the Trump’s crypto platform World Liberty Financial, was brought up on stage and ceremoniously gifted a golden Trump-branded watch, which a Trump-linked company sells for $100,000.As the top holder of $TRUMP and proud supporter of President Trump, it was an honor to attend the Trump Gala Dinner by @GetTrumpMemes.Thank you @POTUS for your unwavering support of our industry!#MakeCryptoGreatAgain🇺🇸 pic.twitter.com/Yy2TuWEgzT— H.E. Justin Sun 🍌 (@justinsuntron) May 23, 2025Sun’s attendance at the event was highlighted by The Wall Street Journal and other media outlets, with many noting that the dinner may have deepened his ties to Trump and his family.Attendees confronted by fierce protestors on arrivalBloomberg reported that around 100 protestors gathered outside the event booed and jeered attendees as they arrived at the premises.BREAKING: In a stunning moment, protesters have swarmed Trump National Golf Club, where Trump is hosting his “Memecoin” dinner tonight.Outside: fury.Inside: crypto bros and campaign bundlers toasting corruption like it’s vintage wine.Americans are done watching billionaires… pic.twitter.com/WrkwtMYiSF— Brian Allen (@allenanalysis) May 23, 2025The protesters were holding signs with messages such as: “Stop Trump’s Crypto Corruptio,” and “Democracy Is Not For Sale,” while another said “Cripto Grift Dinner Bribery On Menu.”Related: Donald Trump gives conflicting answers over memecoin profitsSome protesters called for Trump’s impeachment and removal, while others demanded financial reform in the US.Trump-linked entities reportedly cashed in around $100 million in trading fees from the TRUMP token that launched two days before Trump was inaugurated as president on Jan. 20.On March 24, Trump Media also signed a non-binding agreement with Crypto.com to launch a series of “Made in America” exchange-traded products in the US.Magazine: Trump’s crypto ventures raise conflict of interest, insider trading questions

Singapore Crypto Awareness Hits High Despite Ownership Dip

Cryptocurrency ownership in Singapore has decreased, with nearly half of crypto users selling their holdings, as reported by the Independent Reserve Cryptocurrency Index. The percentage of residents owning crypto fell from 40% in 2024 to 29% in 2025, primarily due to profit-taking and portfolio rebalancing. Bitcoin, Ethereum Most Preferred Cryptocurrency ownership in Singapore has trended […]

Dogecoin (DOGE) Heats Up: Upside Move Hints at Major Breakout Ahead

Dogecoin started a fresh increase and climbed above the $0.2420 zone against the US Dollar. DOGE is now correcting gains and might start another increase. DOGE price started a fresh increase above the $0.2320 and $0.2420 levels. The price is trading above the $0.2420 level and the 100-hourly simple moving average. There is a connecting bullish trend line forming with support at $0.2460 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could start a fresh increase if it clears the $0.2550 resistance zone. Dogecoin Price Extends Gains Dogecoin price started a fresh increase after it found support near $0.2220, like Bitcoin and Ethereum. DOGE climbed and recovered above the $0.2350 resistance zone. The bulls even pushed the price above the $0.2420 resistance zone. However, the bears were active near the $0.2550 level. A high was formed at $0.2542 and the price is now correcting some gains. There was a move below the 23.6% Fib retracement level of the upward move from the $0.2227 swing low to the $0.2542 high. Dogecoin price is now trading above the $0.2450 level and the 100-hourly simple moving average. There is also a connecting bullish trend line forming with support at $0.2460 on the hourly chart of the DOGE/USD pair. Immediate resistance on the upside is near the $0.2550 level. The first major resistance for the bulls could be near the $0.2620 level. The next major resistance is near the $0.2650 level. A close above the $0.2680 resistance might send the price toward the $0.280 resistance. Any more gains might send the price toward the $0.2840 level. The next major stop for the bulls might be $0.30. Downside Correction In DOGE? If DOGE’s price fails to climb above the $0.2550 level, it could start another decline. Initial support on the downside is near the $0.2450 level and the trend line. The next major support is near the $0.2385 level and the 50% Fib retracement level of the upward move from the $0.2227 swing low to the $0.2542 high. The main support sits at $0.2320. If there is a downside break below the $0.2320 support, the price could decline further. In the stated case, the price might decline toward the $0.220 level or even $0.2120 in the near term. Technical Indicators Hourly MACD – The MACD for DOGE/USD is now gaining momentum in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for DOGE/USD is now above the 50 level. Major Support Levels – $0.2450 and $0.2350. Major Resistance Levels – $0.2550 and $0.2620.

Media started covering bitcoin price action. Retail inflow next ??

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Bitcoin open interest hits record high as BTC slips below $111K

Bitcoin futures open interest (OI) has hit record levels on crypto derivatives exchanges as traders anticipate the cryptocurrency will continue and reach new all-time highs. Bitcoin (BTC) futures open interest reached a peak of just over $80 billion on May 23, according to CoinGlass. It’s an increase of 30% since the start of May as derivatives speculators load up on leverage in anticipation of higher Bitcoin prices.Open interest is the total number of outstanding futures contracts that allow traders to bet on the future price of Bitcoin, which have not been settled or closed, showing the total amount of current market speculation.Total Bitcoin futures OI. Source: CoinglassWhen OI surges, it indicates massive leveraged positions are built up in the market, with lots of traders holding large positions with borrowed money. If Bitcoin’s price moves against these over-leveraged positions, traders get forcibly liquidated, and the flushout can create selling pressure on Bitcoin, which can cause a rapid drop in prices and high volatility.However, analysts suggest the surge in spot Bitcoin exchange-traded fund (ETF) inflows, which have seen more than $2.5 billion this week, can counter some of that extended leverage.Related: Crypto perp futures coming ‘very soon,’ says CFTC’s MersingerBitcoin options markets show a similar pattern with open interest over $1.5 billion at the $110,000 and $120,000 strike prices on the Deribit exchange. There is also more than $1 billion in OI at strike prices of $115,000, $125,000, and $130,000.Around $2.76 billion worth of notional value contracts are due to expire on May 23 with a put/call ratio of 1.2%, meaning there are more short (put) sellers than longs (call), and a max pain point of $103,000, where most losses will be made on expiry, according to Deribit. Bitcoin options OI by strike price. Source: Deribit Bitcoin slips below $111,000Meanwhile, Bitcoin has slightly lost its recent gains and briefly slipped below $111,000 on Coinbase,  according to TradingView. The asset has now gained almost 20% since the beginning of the year and almost 50% since its crash to $75,000 on April 7 following US President Donald Trump’s announcement of global tariffs. Bitcoin hit an all-time high of $112,000 on May 22 and had mostly traded just above $111,000 over the last 24 hours, but had again slipped below the level at 4:15 am UTC on May 23.Magazine: Crypto scam hub expose stunt goes viral, Kakao detects 70K scam apps: Asia Express

Trendspotting in crypto: How to discover winning projects before the crowd

TL;DRSpotting the next big crypto project before it explodes demands data, discipline and a sharp eye for real signals. This guide explores how to identify early winners by analyzing onchain metrics, tokenomics, dev activity and community traction while avoiding the common traps of hype-driven pumps and red-flag projects.Despite the crypto space being crowded, fast-moving and full of noise, some investors manage to consistently find promising projects while they’re still under the radar.So, how do they do it? Crypto trendspotters know how to read onchain data. They understand tokenomics. They read GitHub commits and follow the money. It takes more than jumping on the hype bandwagon ahead of the crowd.This guide breaks down how to find crypto projects with real potential using lessons from past winners like Solana, Arbitrum, Chainlink and even memecoins like Pepe. Along the way, it will highlight the tools that matter, red flags to avoid and the difference between organic growth and manufactured buzz.How the real winners took offSolanaWhen Solana launched in 2020, few outside of developer circles had heard of it. But it had one big edge: speed. Solana’s proof-of-history tech made it one of the fastest chains around, and it quickly became a magnet for builders, especially in DeFi and NFTs. By 2021, its ecosystem exploded with apps like Serum and Magic Eden.Early adopters who paid attention to onchain growth — like wallet activity and DEX volume — could see something brewing. Solana (SOL) went from under $1 to $50+ in less than a year. Arbitrum Arbitrum launched in 2021 as an Ethereum layer 2, but its big moment came with the Arbitrum (ARB) token airdrop in March 2023. At launch, Arbitrum was already processing more transactions than many layer 1s and had billions in total value locked (TVL) in decentralized applications (DApps).Smart investors were watching. Even before the token, the signs were there: user activity, rising liquidity and growing app adoption. When ARB dropped, the pump stuck because the foundation was real.ChainlinkChainlink is a classic example of a project with long-term utility. It doesn’t have flashy branding or meme power, but it does one thing incredibly well: feed real-world data into smart contracts.By 2024, it had become the backbone of much of DeFi, gaming and even tokenized real-world assets. If you were watching closely in 2019-2020, you saw LINK (LINK) getting integrated everywhere. That kind of early utility often flies under the radar — until price action catches up.PEPE Coin (PEPE)Let’s not pretend memes don’t matter. Pepe (PEPE) launched in 2023 with no roadmap, no utility and no VC backing. But it hit a nerve, and the internet ran with it. The coin hit a billion-dollar market cap within weeks.That kind of run is rare — and risky. But for traders tracking social sentiment, wallet distribution and community activity, the early signals were all there. PEPE didn’t promise anything, but it delivered returns by becoming a viral moment.How to find crypto gems earlySo, how do you separate the next Solana from the next rug pull? Here’s how serious trendspotters approach it.1. Start with onchain metricsPublic blockchains are transparent. Use that to look at:Daily active walletsTransaction volumeTokenholder growthLiquidity on decentralized exchanges (DEXs)TVL (for DeFi projects).If users and capital are moving in — before the token moons — that’s a great sign. Tools like Dune Analytics, Nansen and DefiLlama are your best friends here.2. Understand the tokenomicsAsk questions like:What’s the total supply? How much is circulating?Are there upcoming unlocks or vesting cliffs?Who holds the tokens, and how concentrated are the top wallets?Is there utility? Does the token do anything?Tokens with capped supply, smart incentives (like staking or burn mechanisms) and fair distribution models tend to do better long-term.3. Check developer activityIs the team actually building?GitHub is a goldmine. Look at how often code is pushed, how many contributors are active, and whether the repo looks alive. No updates for months? Big red flag.You don’t need to read code — just track commits and releases. Projects with real traction are always shipping.4. Look for ecosystem signalsAre other developers building on top of it? Are DApps launching? Is liquidity growing? Are users coming back week after week?Ecosystem growth is hard to fake, and it’s often the strongest early indicator that a project has legs.5. Follow the communityX, Discord, Telegram, Reddit — yes, it’s noisy. But it’s also where trends start. Look beyond the price talk:Are people actually using the product?Are devs answering questions?Is the tone constructive or just hype?Use LunarCrush or Santiment to track social momentum, but always double-check it with onchain data.Key tools to spot crypto trendsHere’s a quick rundown of the top platforms used by smart crypto trendspotters:Top tip: Don’t just use one tool. Great traders cross-reference everything.Crypto trend analysis 2025A coin might be flying, but is it because people are actually using it or just talking about it? Learning to tell the difference can save you from making a bad investment. Signs of real tractionSteady user growth and TVL over time: If users are showing up before a token pumps — and the numbers keep climbing week over week — that’s usually a sign of substance. You’ll often see this in DeFi protocols or layer 2s gaining trust slowly, not overnight.Code commits and product updates: A live GitHub with regular commits, active devs and visible progress means the team is building. This shows momentum and long-term focus — not just a marketing push.More tokenholders, less whale control: When new holders join steadily — and supply isn’t all locked up by the top five wallets — it’s a healthier setup. Distributed ownership reduces the risk of rug pulls or coordinated dumps.New integrations and ecosystem activity: If other apps are integrating the token or building on the protocol, it usually means the tech is solid and useful. This kind of network effect compounds fast and often precedes a breakout.Liquidity that builds slowly: Gradual increases in liquidity and trading volume tend to reflect real interest. If liquidity sticks around (rather than vanishing after a pump), it’s usually organic.Signs of manufactured hypeSudden spikes in social mentions or trading volume with no news: If the project is everywhere on X overnight, but there’s no product update, launch or roadmap shift, be skeptical. It’s likely a coordinated shill.Influencer spam and recycled talking points: When you see multiple anonymous influencers posting the same meme or catchphrase, that’s a signal someone’s trying to manufacture buzz.No dev activity or roadmap: If there’s no GitHub, no changelog and the team isn’t shipping anything, it’s probably just a hype machine.Anonymous team, outrageous promises: Combine a mystery team with claims like “100x guaranteed,” and you’re likely looking at a cash grab. Real builders let the work speak for itself.Rule of thumb: If the price is moving and everything else — users, devs, integrations — is standing still, you’re looking at hype. But when those fundamentals are quietly ticking up in the background? That’s when it’s worth a closer look.More red flagsSome projects look great on the surface — slick websites, trending hashtags, a fast-moving chart — but fall apart under the hood. Here are some more red flags to watch out for:High holder concentration: If most of the token is sitting in a handful of wallets, it doesn’t take much for a price crash. Whales often buy early and dump on retail.Unverified token contracts: A token that hasn’t been verified on Etherscan or BscScan might hide functions that allow minting, blocking wallets or draining liquidity. Always check the contract or look for an audit.No liquidity lock or audit: If the devs control all the liquidity provider tokens and there’s no lock or time-locked contract, they can pull the rug at any moment. Similarly, no third-party audit? That’s a gamble.Big token unlocks coming up: Large unlocks for insiders or early investors can trigger huge sell-offs. If you’re holding during a major vesting event, you could be exit liquidity. Know the schedule.Top tip: Before you click buy, ask, Who stands to gain the most if this pumps? Who gets hurt if it dumps? If the answer points to a few insiders with heavy bags and zero accountability, walk away.How to spot crypto trends before the crowdThe best early investors are the mechanics looking under the hood. They study token structures and unlock schedules, join communities early to catch signals firsthand, and follow the builders to see who’s actually shipping. Most importantly, they cross-check everything: on-chain data, social sentiment, developer activity, and liquidity. Tools like Dune, DefiLlama, Nansen and GitHub help them separate noise from substance — and spot winners before the crowd does.Crypto rewards those who are curious, critical and a little bit contrarian. The crowd usually shows up late. If you want to find gems before they moon, you’ll need to think independently, dig deeper, and act before the narrative forms.It’s not easy. But it’s doable. And the more you practice spotting early signals — the real ones, not the noise — the more second nature it becomes.This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.