Author: Isabella Taylor

Hong Kong police are ramping up efforts to secure the city’s web3 space with a new tool to help track illegal crypto flows. Hong Kong’s Cyber Security and Technology Crime Bureau revaled on Wednesday its newly developed crypto tracing tool dubbed CryptoTrace, as part of its efforts to combat growing crypto-related crime. The tool, jointly developed with the University of Hong Kong and was first announced at the Blockchain Security Summit 2025, is designed to provide “advanced intelligence and investigative support” to officers handling virtual asset cases, CSTCB said. The bureau added it had already held training sessions in late…

Authorities in Europe have dismantled a massive cryptocurrency-based money laundering network that moved over €21 million for criminal groups across China and the Middle East. According to a May 14 statement, Europol coordinated with Spanish, Belgian, and Austrian law enforcement in January to arrest 17 suspects accused of running a parallel banking structure. The operation followed earlier investigations into migrant smuggling and drug trafficking rings that reportedly relied on the group’s illicit financial services. The dismantled organization operated a hawala-style money transfer system, allowing clients to bypass formal banking channels. Europol described the network as “one of the most significant…

VanEck has launched a new exchange-traded fund designed to give investors access to the growing digital asset economy without holding crypto directly.  In a May 14 press release, the company said the VanEck Onchain Economy ETF, under the ticker NODE, will offer exposure to “digital transformation companies and digital asset instruments.” The fund is actively managed and focuses on public companies involved in the blockchain space, including crypto miners, exchanges, data centers, energy providers, and fintech firms using crypto technology.  It will hold between 30 and 60 companies, chosen from a wider pool of over 130, with the portfolio adjusted…

DAR crypto saw a massive price pump ahead of its scheduled delisting from Coinbase. According to CoinGecko, the token, originally tied to the blockchain game Mines of Dalarnia, shot up nearly 690% to hit an intraday high of $0.48 on the morning of May 15 morning Asian time, before cooling off to around $0.39 at press time. The rally happened in an extremely high-volume environment, with daily trading volume spiking 14,600% from the previous day to cross $64 million. This kind of activity clearly shows traders were piling in, possibly due to fear of missing out (FOMO). The sharp uptick…

Bitfarms posted strong top-line growth in the first quarter of this year, but rising production costs following the April 2024 Bitcoin halving drove a sharp decline in mining margins. Bitfarms reported its financial results for the first quarter of 2025, posting revenue of $67 million, a 33% increase year-over-year. Despite the revenue growth, the company’s gross mining margin declined to 43%, down from 63% in the same period in 2024, reflecting a 20-point drop due to rising production costs. 🚨JUST IN: Bitfarms released its Q1 2025 Earnings Report.✔️ Revenue of $67mn, up 33% Y/Y✔️ Total energy pipeline of ~1.4 GW,…

Sui has retreated from its recent high of $4.21 on May 12, now trading at $3.84, as technical indicators show weakening strength. Despite the recent dip, the layer-1 token remains one of the top performers in the sector, having risen over 100% during its most recent rally. However, momentum has slowed. 24-hour daily trading volume is down 30.5% to $1.13 billion, while derivatives activity has dropped 31.2% to $3.07 billion, as per Coinglass data. Open interest has edged down 1.8% to $1.8 billion, pointing to cooling short-term speculation. The decline comes just as Sui (SUI) announced a new partnership on…

The Ethereum Foundation has launched the “Trillion Dollar Security” (1TS) initiative, a sweeping plan aimed at enhancing Ethereum’s security architecture to support trillions in on-chain value. According to a May 14 official announcement, the goal is to make Ethereum (ETH) secure enough to support trillions of dollars in value held by individuals, companies, and even governments. Ethereum is already one of the most secure blockchains and powers thousands of decentralized apps.  But the Foundation says this isn’t enough. To support the next wave of users and real-world adoption, Ethereum needs stronger protections across every part of its system, from wallets…

Pi Network’s native token PI has plunged more than 30% in the past 24 hours, trading at $0.8405 at press time despite a major ecosystem development. On May 14, the Pi Foundation announced Pi Network Ventures, a $100 million fund to support startups that build real-world utility and drive adoption. As earlier reported by crypto.news, the initiative will function similarly to a typical venture capital firm in Silicon Valley. The fund will focus on startups in generative AI, gaming, FinTech, e-commerce, and social media platforms, in addition to blockchain-native companies. According to the Pi Foundation: “Pi Network Ventures plans to…

A recent dip in Bitcoin’s long-term holder supply may be flashing early warning signs of a potential market top, according to on-chain data from Glassnode. In a May 14 post on X, the analytics firm noted that LTH supply, which includes wallets holding Bitcoin (BTC) for at least 155 days, peaked at 14.29 million BTC after rising from 13.66 million BTC in mid-March. However, that figure has recently declined for the second time this month. Meanwhile, LTH spending, which tracks coins moving out of long-held wallets, has increased to 0.43, a level that historically tends to front-run local tops in…

U.S. stock markets closed mixed on Wednesday as investors extended a rally sparked by easing trade tensions between the U.S. and China.  The S&P 500 edged up 0.1%, the Nasdaq rose 0.57%, and the Dow Jones Industrial Average declined 0.21%. Technology stocks drove the gains. Nvidia climbed over 3% after announcing it would send 18,000 AI chips to Saudi Arabia. AMD gained more than 4% following a $6 billion share buyback. The Nasdaq is now up more than 6% this week, while the S&P 500 and Dow have gained 4% and 1%, respectively. Positive China news Markets continued to respond…