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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The Ethereum price resumed its downtrend on Friday, May 22, after consolidating throughout the week. As a result of this distribution round, the second-largest cryptocurrency dropped by approximately 6.2%, forming a local bottom at $2,020.  Although Ethereum has an ostensibly bearish structure, a recent on-chain analysis has revealed notable buying activity in its market. Yet, the Ethereum price weakness seems almost unchecked — below are the details of its current on-chain dynamics.  Spot Buyers Step In, But ETH Continues To Fall In a recent Quicktake post on…

In brief Fantasy Top will close its doors next month, about two years after it launched. The game blended fantasy sports and social media using NFT trading cards of popular crypto influencers. It paid out more than $20 million to players and $3.2 million to the influencers that its game was based on. Two years after causing a stir across Crypto Twitter, blockchain-based fantasy sports and social trading card mashup game Fantasy Top is shutting down at the end of June, the firm announced on Wednesday. The game allowed players to create lineups like in fantasy football, but instead of NFL…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure In a noteworthy development, US law firm Fenwick & West has agreed to pay $54 million to settle claims arising from its legal services for the defunct crypto exchange FTX. The proposed settlement, filed in federal court in Miami on Friday, resolves allegations from FTX customers who accused the Silicon Valley-based firm of facilitating misconduct tied to one of the largest financial frauds in US history. Fenwick Denies Knowledge Of FTX Illicit Activities Despite Settlement According to court filings as reported by Reuters, Fenwick & West served as…

In brief Trump said he postponed an AI executive order signing because parts of the draft could have slowed U.S. AI development. The proposal would have created a voluntary framework for AI companies to share frontier models with the government before public release. Trump also said Chinese President Xi Jinping acknowledged the U.S. lead in AI during a meeting last week. President Donald Trump said Thursday he halted a planned signing ceremony for his administration’s AI executive order after deciding parts of the proposal could undermine the U.S. position in the global AI race with China.“I didn’t like certain aspects…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure After a fairly good performance in April, the Ethereum price has reversed almost all its recent gains over the past month. As it crumbled under the weight of the bears heading into the weekend, the altcoin eventually found a cushion of support just above $2,000 in the early hours of Saturday. However, the Ethereum token seems to be enjoying the attention of a special cohort of investors despite its disappointing run over the past few weeks. ETH Smart Money Buying The Dip In a recent post on the…

In brief Reps. Nick Begich (R-AK) and Jared Golden (D-ME) introduced the American Reserve Modernization Act. The bill seeks formally codify a strategic Bitcoin reserve into federal law, which would be managed for at least 20 years. Aimed at cementing a core Trump administration promise, the initiative has faced ongoing hurdles. Rep. Nick Begich (R-AK) introduced legislation on Thursday aimed at enshrining a strategic reserve for Bitcoin in federal law, seeking to cement one of President Donald Trump’s core campaign promises for digital asset holders ahead of the high-stakes U.S. midterm elections.The American Reserve Modernization Act, or ARMA, would direct…

In brief The NHL follows the MLB as the latest sports league to sign a data-sharing agreement with the CFTC. The MOU commits the pair to sharing information and data to protect the integrity of hockey-related event contracts. Prediction market integrity has been a key topic this year amid insider trading accusations across platforms. The National Hockey League is the latest professional sports organization to align with the Commodity Futures Trading Commission on prediction market integrity. The pair said Thursday that they signed a memorandum of understanding (MOU) aimed at maintaining “fair and transparent prediction markets.”“I’m proud the CFTC and NHL…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure As crypto regulations continue to take shape in the US, the Federal Deposit Insurance Corporation (FDIC) has issued a notice of proposed rulemaking to extend Bank Secrecy Act (BSA) and economic sanctions compliance standards to FDIC-supervised Permitted Payment Stablecoin Issuers (PPSIs). The move aims to bring digital asset issuers further within the compliance architecture that has long governed traditional banking. Major Highlights Of New FDIC Proposed Framework According to a press release on Friday, the proposed rule by the FDIC mainly mandates PPSIs to comply with applicable Anti-Money…

In brief Polymarket has reportedly appointed a Japan representative ahead of a regulatory approval bid. Mike Eidlin, formerly head of Japan at crypto firm Jupiter, will lead the effort, according to Bloomberg. The prediction market is aiming for authorization to operate in Japan by 2030. Polymarket has appointed a representative in Japan as it prepares to seek government approval to operate prediction markets in the country, according to Bloomberg. Sources familiar with the matter told the outlet that the company is aiming to secure regulatory authorization by 2030.Mike Eidlin, who serves as head of Japan at crypto firm Jupiter according…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure A crypto analyst has said that almost everyone in the market has turned bearish on the Bitcoin price, as it continues to face heavy volatility following its last rejection near $83,000. However, while most market participants hold negative outlooks, this analyst holds a different view. He believes that Bitcoin is not heading for a decline but is instead preparing to go parabolic. He also dismisses the idea of an ongoing bear market, and warns investors not to miss the projected rally ahead.   Analyst Sees Bitcoin Price Going…

In brief NEAR rose 28% in 24 hours and almost 45% over the past week, leading altcoin gains. The rally follows three protocol upgrades: confidential treasuries, AI prompt privacy, and automatic network scaling. Myriad users see just a 12% chance of an “altseason” by July, with fearful sentiment persisting despite recent altcoin surges NEAR Protocol’s token surged 28% to lead altcoin gains over the past 24 hours, extending its weekly rally to just under 45% as the team rolled out a cluster of privacy, AI, and scalability announcements between May 20 and May 22.The token’s jump outpaces gains from Worldcoin’s…

Morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt. And check out our new daily news show covering all of the top stories in 5 minutes, downloadable on Apple Pod or Spotify.GM!Today’s top news: Crypto majors chop while HYPE leads; BTC at $77k HYPE hits new ATH over $62 yesterday, ETF flows hit $70M Mark Cuban sells his BTC, cites disappointment vs gold & with broader crypto New quantum solution proposed by American Fortress, could protect Satoshi coins MegaETH shuts down its Terminal…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Ethereum’s recent period of consolidation may be doing more than simply slowing price action. After a strong rally, ETH has entered a range-bound structure where buyers and sellers continue to battle for control, allowing the market to absorb gains and establish new support levels. Similar periods of consolidation have often preceded significant directional moves, particularly when accompanied by improving market sentiment and growing institutional participation. How Consolidation Often Precedes Expansion In Ethereum Cycles Ethereum’s recent pullback is being interpreted as a necessary reset within a larger cycle.…

In brief OKX is rolling out regulated perpetual futures tied to ICE’s Brent and WTI benchmarks for non-U.S. traders. The move intensifies competition with Hyperliquid, the leading decentralized platform for such derivatives. The rollout coincides with a DOJ and CFTC investigation into suspicious, pre-announcement oil bets. Traders located outside the U.S. are gaining access to crypto-native derivatives modeled on Intercontinental Exchange’s energy benchmarks, OKX said in an announcement on Friday, underscoring Wall Street’s efforts to counter Hyperliquid’s rapid rise.The international crypto exchange and New York Stock Exchange parent are targeting traders in the UAE, Europe, Australia, and Singapore, billing the…

Bitcoin’s digital nature is the source of most of its advantages. Since it is programmable, it unlocks self-custody practices that can make theft and confiscation very difficult. Since it is digital, it can move at the speed of light, allowing movement of value and settlement across the globe in minutes.  Nevertheless, Bitcoin has at times been criticized for being hard to grasp, literally. Bitcoin, in its natural state, can not be touched, can not be physically held; it can only be imagined and understood. To many people, that’s a significant barrier and one that has inspired quite a few attempts…

In brief Mozilla’s Project Nova redesign adds a single Settings control to disable all AI features in Firefox. Brave launched Brave Origin in April, a $60 one-time purchase (free on Linux) that compiles out AI, Wallet, Rewards, and telemetry entirely. Chrome recently removed its disclosure promising to keep Gemini Nano data off Google’s servers, adding fuel to the AI-in-browsers backlash. The browser wars just got a twist: Instead of cramming more AI down your throat, Firefox is adding a switch to turn it all off.Mozilla unveiled Project Nova on May 21—a full visual overhaul of Firefox rolling out later this…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Nation-state adoption of Bitcoin has become the new frontier for crypto advocates, a far cry from the days when the currency’s biggest achievement was buying two pizzas. Sixteen years after that first recorded transaction, the Bitcoin community marked the anniversary on May 22 with fresh evidence of how far the currency has traveled. Bitcoin Pizza Day: A Transaction That Changed Everything Back in May 2010, software developer Laszlo Hanyecz posted an offer online: 10,000 BTC in exchange for two Papa John’s pizzas delivered to his door. The…

Make CryptoSlate preferred on Bitcoin’s price has dropped below $75,000 for the first time since mid-April, triggering a broad decline across digital assets.Data from CryptoSlate showed that the largest digital asset fell more than 3% over the past 24 hours to as low as $74,255 after trading above $77,000 earlier in the session. The move placed Bitcoin back at a price zone last seen in April, when the market was still recovering from a wider risk-asset reset.The decline also spread across the broader crypto market, where Ethereum fell about 5% to roughly $2,065, while Hyperliquid, one of the stronger performers…