Crypto.news

Ethereum's upcoming upgrade, Pectra, focuses on scalability and user experience improvements. It doubles block data capacity, streamlines validator operations, and introduces new functionalities. The upgrade aims to enhance Layer-2 network performance and DeFi onboarding without requiring action from end users.

Bitcoin price started the month on a strong note, crossing the important resistance level at $96,000 for the first time since February.
Bitcoin (BTC) jumped above $97,000, up by almost 30% from its lowest level in April. Its rally occurred as investors adopted a risk-on sentiment, with the Crypto F

Fartcoin, a rising Solana meme coin, saw a significant surge as large whales accumulated tokens. The coin hit $1.2770, marking a 500% rally from March lows. Whale transactions and futures open interest indicate growing demand. Despite a positive funding rate, technical analysis suggests a potential bearish reversal ahead.

Malaysian authorities busted a bitcoin mining syndicate involved in electricity theft. No arrests were made yet. The mining operation caused monthly losses of about RM36,000. Similar concerns about illegal Bitcoin mining have been seen in Malaysia and other countries like Iran and Venezuela.

Cardano's developer activity surpassing Ethereum's, potential trend shift observed. Technical analysis shows bullish momentum, with short-term support strong. Positive momentum indicators suggest possible rise to $0.80. Price predicted to reach $0.758 by May 31, with a neutral sentiment in the Fear & Greed Index. Hoskinson's plans for Cardano as a Bitcoin DeFi platform and potential ETF speculation contribute to the growing optimism in ADA.

Cheqd, DataHive, Nuklai, and Datagram have launched the Sovereign AI Alliance, a new initiative aimed at developing an open-source framework for decentralized artificial intelligence using user-owned data.
Announced on May 1 via a press release shared with crypto.news, the alliance will focus on

Morgan Stanley responds to regulatory changes by introducing a crypto trading feature for E*TRADE amid growing client interest. The move reflects a broader trend of traditional financial institutions embracing crypto to meet market demand.

Ethena will integrate its sUSDe stablecoin into the TON blockchain, renaming it tsUSDe for Telegram users, enabling minting, burning, and staking directly through the platform. The partnership with TON Foundation includes phases to integrate Ethena tokens into major TON wallets and DeFi applications by May 2025. Eligible holders can earn additional rewards, contributing to Ethena USDe being the fourth-largest stablecoin by market cap.

Bitcoin has surged past $96,000 due to institutional demand and improved market sentiment. However, resistance is expected at $94,000-$95,000. Investors are cautious about volatility and global uncertainties. Institutional interest is growing, with significant players like Strategy and Twenty One Capital entering the market.

The World project, backed by Sam Altman, launches in six states in the U.S., offering users WLD tokens through iris scanning. It also introduces a Visa-powered card for WLD token spending.

Tezos activates Rio upgrade, reducing cycle length, enhancing staking flexibility, promoting DAL scalability, and strengthening network reliability with stricter baker rules. Developed collaboratively by Nomadic Labs, Trilitech, and Functori.

Metaplanet plans a US expansion, aiming to raise $250 million to become a global leader in corporate Bitcoin adoption. They will establish a subsidiary in Florida to accelerate their Bitcoin treasury plans and access US capital markets, with a goal to own 1% of all Bitcoin by 2026.