Author: Isabella Taylor

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…

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…

Ethereum has been grinding against the $1,850 level for over a week, unable to break free due to a lack of momentum. Multiple technical barriers converge here, explaining the sustained struggle. Over the past several trading sessions, Ethereum’s (ETH) price has repeatedly tested, and failed to clear, the $1,850 area. This isn’t mere indecision: it’s the result of several key technical factors aligning to create formidable resistance. Without a surge in buying volume, ETH looks poised to remain range-bound or potentially pull back to lower supports. . Key technical points Converging Resistance: VWAP SR, 0.618 Fibonacci retracement, daily supply zone,…

Markets are not anticipating much from the Federal Reserve’s meeting this week, but good news may be on the horizon for June. Stock indices saw mixed performance on Monday as traders awaited a major Federal Reserve announcement. The Dow Jones was trading at 41,414, up 96.64 points or 0.23%. Meanwhile, the S&P 500 slipped 12.9 points or 0.23% to 5,673, and the Nasdaq was down 54.21 points or 0.30% at 17,923. According to LPL Financial chief economist Jeffrey Roach, the Fed may use this week’s meeting to prepare investors for coming rate cuts. A combination of labor data and inflation…

The United States has imposed sanctions on a Myanmar warlord and the militia he leads for their involvement in major cyber scams, including cryptocurrency-related fraud, that have harmed U.S. citizens. U.S. Department of Treasury’s Office of Foreign Assets Control announced the sanctions against Saw Chit Thu, the warlord leader of the militia group Karen National Army. The OFAC sanctions are also against Saw Chit Thu’s two sons Saw Htoo Eh Moo and Saw Chit Chit  as well as KNA, with the Treasury Department designating them for not just cyber scam syndicates, but also human trafficking and cross-border smuggling. Per the…

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…

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Bitclear’s co-founder Evgeny Skigin shares insights on regulation, innovation, and the future of decentralized finance. In 2018, Forbes published its first ranking of the world’s wealthiest crypto holders. But four years earlier, investor and entrepreneur Mr. Evgeny Skigin had already built a unique software solution for payment systems — becoming a pioneer in a niche no one knew existed.  Since then, the crypto and blockchain space has rapidly evolved, with a surge in decentralized protocols and web3 services. Today,…

With Bitcoin’s market cap nearing $2 trillion, Solv Protocol’s Ryan Chow says BTCFi could scale far beyond Ethereum’s decentralized finance if even a fraction becomes productive. Bitcoin’s (BTC) decentralized finance space — better known as BTCFi — is still in its early innings. But some see a huge opportunity taking shape. American crypto-focused hedge fund Pantera Capital, for instance, suggested it could unlock as much as $500 billion in value should it gain mainstream adoption. Solv Protocol, a platform that helps Bitcoin holders to do more with their BTC, appears to be one of the players betting on that future.…

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…

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…