Telo News - Crypto | DeFi | Web3

13 May 2025 11:23

Tether has announced the launch of its gold-backed token XAU₮ on Thailand-based exchange Maxbit, marking the asset’s official entry into the Thai digital market.

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13 May 2025 08:45

Animoca Brands plans to go public in New York, citing Trump’s relaxed crypto stance as a “unique opportunity” to enter the U.S. market.

The Hong Kong-based firm was valued near $6bn in 2022 and currently holds $300m in cash and stablecoins, $538m in digital assets, with 2024 revenue of $314m and EBITDA of $97m.

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13 May 2025 08:21

SEC Chairman Paul Atkins outlined sweeping reforms to crypto regulation during the agency’s fourth crypto task force roundtable:

⚫ The SEC will shift from ad hoc enforcement to formal rulemaking and exemptions
⚫ New standards will define when digital assets qualify as securities or investment contracts
⚫ Atkins criticized the previous “ostrich policy” toward crypto, calling Gensler-era outreach “disingenuous”
⚫ Registration forms will be updated to reflect crypto-specific needs
⚫ Custody rules may be revised to allow self-custody under certain conditions
⚫ The “special purpose broker-dealer” framework will be re-evaluated
⚫ Conditional exemptive relief may be offered to foster new crypto products and services

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12 May 2025 13:50

Top crypto figures recently shared their bullish outlooks for BTC, ETH, SOL, and BNB:

⚫️CZ (Binance): Believes BTC could hit $500,000–$1,000,000 this cycle, with total crypto market cap reaching $5tr by year-end
⚫️Tim Draper: Says Bitcoin could be worth "infinite" in USD terms, calling it a new store of value
⚫️Eric Trump: Sees exponential growth for Bitcoin, reveals the Trump family holds a large BTC position
⚫️Geoffrey Kendrick (Standard Chartered): Predicts BNB could surge 360% to $2,775 by 2028 due to utility and token scarcity
⚫️Michaël van de Poppe: Called ETH breakout to $2,100 within 1–2 weeks (now confirmed)
⚫️Lark Davis: Said SOL was forming a bullish breakout, targeting $170 once it cleared $150–160

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12 May 2025 12:54

Net inflows into U.S. spot Bitcoin ETFs have topped $40bn, marking a record since February. Weekly inflows ranged from $1.8bn to $3.5bn throughout April and May, highlighting continued institutional demand.

BlackRock has emerged as the dominant player, with over $43bn in BTC ETF investments—surpassing even traditional ETFs like SPY and Nasdaq.

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12 May 2025 12:37

Malaysia has seen crypto-linked electricity theft surge nearly 300% since 2018, with over $722m in power stolen, according to energy giant Tenaga Nasional Berhad.

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12 May 2025 12:16

BitGo has secured a MiCA license from Germany’s BaFin, allowing it to provide digital asset services across the EU to both crypto-native firms and traditional financial institutions.

With EU headquarters established in Frankfurt in 2023, BitGo can now expand its institutional-grade offerings under a unified regulatory framework.

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10 May 2025 03:49

The Senate failed to advance the revised GENIUS Act on Thursday, with some lawmakers claiming they hadn’t seen the bill’s text. A day later, the draft surfaced, revealing major changes:

⚫U.S. jurisdiction would now apply to foreign stablecoin issuers like Tether if they serve U.S. users
⚫The definition of digital asset service providers expands to include developers, validators, and self-custody wallet providers
⚫Treasury gains limited safe harbor authority, with broad power in “exigent circumstances”

A new vote on the bill may happen by month-end.

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09 May 2025 16:53

Coinbase has launched 24/7 Bitcoin and Ethereum futures trading in the U.S. through its CFTC-regulated platform, Coinbase Derivatives.

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Telo News - Crypto | DeFi | Web3

09 May 2025 13:11

Stablecoin transaction volume reached a record $1.82tr last month. According to a16z, unlike previous surges tied to speculative trading, current growth appears driven by organic, real-world usage, even as overall crypto trading volumes remain volatile.

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09 May 2025 12:59

The GENIUS Act, a key U.S. stablecoin bill, has failed a crucial Senate vote.

⚫ The bill’s latest version was introduced without Democratic input.
⚫ Trump’s recent pro-crypto remarks sparked backlash, with Democrats citing a conflict of interest.
⚫ As a result, the bill’s chances—and those of other crypto legislation—have significantly dropped.
⚫ A new vote is set for Monday, but prospects remain uncertain.

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08 May 2025 21:43

Former Celsius Network CEO Alex Mashinky got sentenced 12 years in prison for misappropriating Celsius customers’ funds and manipulating the price of the lender's token, CEL.

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08 May 2025 12:11

G7 leaders are expected to spotlight North Korea’s crypto-fueled cybercrime at the June summit in Alberta, Canada.

North Korean hackers have looted billions in digital assets, turning crypto theft into a lifeline for sanctions evasion and weapons development.

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08 May 2025 11:48

Arizona has become the second U.S. state to pass a Strategic Bitcoin Reserve bill, following New Hampshire.

Governor Katie Hobbs signed HB 2749 into law, converting unclaimed-property profits into Bitcoin and other digital assets.

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08 May 2025 11:20

Stripe has launched stablecoin accounts in over 100 countries, supporting USDC and USDB (from its acquired platform Bridge).

Users can now:
⚫Hold funds in dollar-backed stablecoins
⚫Send and receive transfers
⚫Use the account as a fiat bank alternative

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13 May 2025 11:13

The U.S. Treasury Department is holding a series of closed-door crypto policy roundtables this week with industry leaders, focusing on stablecoins, DeFi, banking access, and cybersecurity.

The sessions aim to shape best practices and address illicit finance risks, with particular attention on stablecoin compliance and sanctions concerns as the GENIUS Act remains stalled in Congress.

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13 May 2025 08:34

Coinbase is set to join the S&P 500 on May 19, replacing Discover Financial Services (DFS) and becoming the first crypto company to enter the index.

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12 May 2025 14:11

Strategy has acquired 13,390 BTC for $1.34bn at an average price of $99,856 per Bitcoin, bringing its year-to-date BTC yield to 15.5%.

As of May 12, 2025, the company holds 568,840 BTC purchased for a total of $39.41bn at an average cost basis of $69,287 per Bitcoin.

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12 May 2025 13:03

Over the past 3 months, Strategy shares outperformed all major assets with a +24% gain, compared to +6% for Bitcoin and +14% for gold.

Only 4 assets delivered positive returns:

⚫️MSTR +24%
⚫️Gold +14%
⚫️Microsoft +6%
⚫️Bitcoin +6%

Meanwhile, major tech stocks are in decline:

⚫️Google -18%
⚫️Amazon and Meta -17%
⚫️Tesla -15%
⚫️Apple and Nvidia -13%

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12 May 2025 12:41

JP Morgan has increased its investments in Bitcoin ETFs to $1.7bn, signaling growing institutional confidence in crypto-backed financial products.

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12 May 2025 12:22

Backpack Exchange will begin processing withdrawals for former FTX EU users on May 12, 2025, marking the final phase of its fund recovery plan.

This follows its acquisition of FTX EU and the rollout of a KYC portal to verify users ahead of distribution.

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12 May 2025 09:15

The U.S. has reduced tariffs on Chinese imports from 145% to 30% for a 90-day period.

In response, China lowered its tariffs on U.S. goods from 125% to 10% for the same duration.

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09 May 2025 17:25

Telegram launched Gifts Marketplace on the TON blockchain.

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09 May 2025 14:39

Bybit has surpassed 70m registered users, reinforcing its position as the world’s second-largest crypto exchange by trading volume.

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09 May 2025 13:06

The CEO of Rumble said the company will launch a non-custodial wallet in partnership with Tether in Q3 2025. “Rumble Wallet will directly compete with Coinbase. Our goal is to become the most recognized non-custodial wallet for BTC and stablecoins,” the CEO stated.

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08 May 2025 21:58

The U.S. SEC and Ripple Labs have filed a joint settlement agreement letter on April 8, according to lawyer James Filan.

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08 May 2025 14:51

Coinbase to acquire Deribit for $2.9bn in cash and stock deal.

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08 May 2025 11:55

Braden John Karony, ex-CEO of SafeMoon (SFM), is on trial in New York after pleading not guilty to fraud and money laundering conspiracy charges.

U.S. prosecutors allege Karony helped embezzle millions in SFM tokens between 2021 and 2022. The trial is scheduled to run through May 26.

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08 May 2025 11:39

Warren Buffett’s Berkshire Hathaway has raised its cash reserves to an all-time high of $347.7bn, amid falling operating earnings and global trade uncertainty.

Berkshire traditionally increases its cash pile a few years before major crises, often setting new records.

This happened in:

⚫1999 before the dot-com crash
⚫2007–2008 before the global financial crisis
⚫2019 just ahead of the COVID crash
⚫And now in 2024–2025, as the company sold off assets at record levels and entered a holding phase — Buffett says he sees no attractive buying opportunities in the short term

Telo News - Crypto | DeFi | Web3

08 May 2025 07:27

Cumulative inflows into Bitcoin ETFs have reached a new all-time high of $40.62bn.

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