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Crypto sleuth ZachXBT says wrong suspect detained in Bored Ape NFT theft

Law enforcement detained the wrong person for a 2022 scam that pilfered more than $1 million worth of Bored Ape non-fungible tokens (NFTs), cybersecurity researcher ZachXBT said
In a May 9 X post, ZachXBT said he identified the wallet behind the scam and linked it to an X account that has since be
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Bitcoin hits $103K but DeFi is a mixed bag: Finance Redefined

The cryptocurrency market continued to surge this past week as the overall digital asset market capitalization exceeded $3.27 trillion, an 8.6% increase over the previous week.
Bitcoin (BTC) reached a high of $103,600 on May 8 after reclaiming $100,000 for the first time since January. Its market d
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Galaxy Digital approved for US domicile, clearing way for Nasdaq listing

Galaxy Digital has been approved by the US Securities and Exchange Commission (SEC) to redomicile in the United States, setting the stage for the crypto investment company’s listing on the Nasdaq stock exchange.
Galaxy anticipates listing on the Nasdaq, a tech-focused US stock exchange, by the
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Chance of Bitcoin price highs above $110K in May increasing — Here’s why

Key Takeaways:
Bitcoin is driven by its ability to perform well in risk-on and risk-off environments, according to Bitcoin Suisse.
Bitcoin’s Sharpe ratio of 1.72, second only to gold, underscores its maturity as an asset, offering superior risk-adjusted returns.
A buyer-dominant market signals s
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Is Bitcoin about to go parabolic? BTC price targets include $160K next

Bitcoin
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AI's GPU obsession blinds us to a cheaper, smarter solution

Opinion by: Naman Kabra, co-founder and CEO of NodeOps Network
Graphics Processing Units (GPUs) have become the default hardware for many AI workloads, especially when training large models. That thinking is everywhere. While it makes sense in some contexts, it's also created a blind spot that's
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Blockchain innovation illuminates Dubai — Token2049 event recap

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Institutional investors continue to scoop up Bitcoin above $100K

Bitcoin crossed the $100,000 mark again on May as institutional investors continue stacking sats.
Farside Investors’ data shows that spot Bitcoin (BTC) exchange-traded funds (ETFs) recorded cumulative net inflows of $142.3 million on May 7, in a sign of “sustained institutional interest,”
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Ethereum Foundation distributed $32.6M grants to ecosystem in Q1

The Ethereum Foundation, the nonprofit that supports development across the Ethereum blockchain, distributed $32.6 million in grants in the first quarter of 2025
In an allocation update for Q1 2025, the organization reported spending $32 million on various initiatives through its Ecosystem
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Bitcoin eyes sub-$100K liquidity — Watch these BTC price levels next

Key points:
Bitcoin (BTC) is at its highest levels since January, and traders are eyeing key levels to watch for what’s next.
After hitting $104,000, BTC/USD is retracing to establish support, but the fate of $100,000 is among the concerns for market participants.
Current price action
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Solana lacks ‘convincing signs’ of besting Ethereum: Sygnum

Solana does not yet have “convincing signs” that it could overtake Ethereum as the blockchain of choice for institutions, as its revenue is seen as unstable due to its memecoin concentration, according to crypto bank group Sygnum.
In a May 8 blog post, Sygnum said that the current sentiment
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Metaplanet is raising another $21M through bonds to buy more Bitcoin

Fresh off its most recent Bitcoin purchase, Japanese investment firm Metaplanet is raising more funds through another bond issue to expand its growing crypto treasury.
Through a $21.25 million issue of “0% Ordinary Bonds,” the firm said in a May 9 statement that the “funds raised will be
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Bitcoin accepted at fast-food chain Steak ’n Shake from May 16

American fast food outlet Steak ‘n Shake has announced it will begin accepting Bitcoin as payment at all locations starting on May 16.
The firm said on X on May 9 that it was making the cryptocurrency available to more than 100 million customers, adding that “the movement is just beginning,”
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Ether clocks ‘insane’ 20% candle post Pectra — a turning point?

Ether surged 20% in the past 24 hours following the launch of the Pectra upgrade, with some crypto traders suggesting the growing number of ETH long positions could mark a “turning point” for the asset that has faced uncertain sentiment throughout most of 2025.
At the time of publication, Ether (ET
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Apple makes progress toward its first pair of smart glasses: Report

Apple is reportedly working on its own microchips across multiple product categories, including smart glasses and artificial intelligence — a hint at what’s next for the massive Silicon Valley-based tech giant.
A May 8 report from Bloomberg, citing people familiar with the matter, said the
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