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U.S. Treasury Secretary Scott Bessent praised current crypto legislation while bolstering his belief in the blockchain sector during a May 7 House Financial Services Committee Hearing. Bessent Shares His Take On Crypto Policy During the hearing titled “The Annual Testimony of the Secretary of the Treasury on the State of the International Financial System,” Bessent…

Meme coins are exploding with PEPE up 22%, but with just 22 days left in its presale, MIND of Pepe ($MIND) has already secured nearly $9 million in funding as AI agent tokens set the pace. AI agents officially outperformed meme coins during April’s market rebound, which makes $MIND, with its viral intersection of meme…

The crypto markets opened in the green on Thursday morning as investors reacted positively to President Donald Trump’s confirmation that the U.S. will sign its first post-tariff trade deal with the UK. The move is being heralded as a step forward for global trade relations and a much-needed confidence booster for risk assets, including cryptocurrencies….

Key Takeaways: Missouri is set to become the first U.S. state to completely exempt capital gains from income tax, pending the governor’s signature. The measure applies to profits from assets such as stocks, real estate, and cryptocurrency, retroactive to 2025. The bill includes expanded exemptions for seniors, disabled residents, and select consumer goods to gain…

Key Takeaways: Excess reserves above 100% indicate stronger exchange stability than competitors. USDT deposits grew 2.6% as investors shifted to stablecoins amid volatility. Government partnerships establish practical crypto use beyond speculation. On May 8, Binance released an update on its crypto reserves, revealing strong backing for major digital assets. The exchange holds 102% of the…

Arbitrum ($ARB) is currently trading at $0.3328, reflecting an 8.6% gain over the past 24 hours. The Ethereum Layer-2 scaling solution saw a 72% surge in trading volume, with more than $183 million worth of ARB exchanged within the day. This momentum propelled $ARB to become the 54th-largest cryptocurrency by market capitalization, now valued at…

The $61 billion meme coin market is gearing up for what could be its biggest breakout yet – and a few breakout cryptos under $0.01 are leading the charge. When crypto rallies, meme coins don’t just follow – they explode. Just look at today: while the overall $3 trillion crypto market climbed 1.3%, meme coins…

In a move to redefine digital identity in the Web3 space, SPACE ID has announced a new partnership with Floki to launch the Floki Hub—a decentralized identity platform powered by the $FLOKI token and the Floki Name Service—according to an X post on May 8. FlokiHub Is Live – Your Web3 Identity Starts Here Say…

The Ethereum price (ETH) has jumped 12.5% in the past 24 hours, now trading above $2,000 following the successful deployment of the Pectra upgrade. On May 7, the Ethereum team announced that Pectra was already live on the project’s mainnet after months of waiting. Pectra is live on Ethereum mainnet! – Smart account wallet UX…

XRP (XRP) has gone up by 3.3% in the past 24 hours following yesterday’s meeting of the Federal Open Market Committee (FOMC). Trading volumes have more than doubled during this period and the price currently sits at $2.21 per token. Trader Ali Martinez, whose X account is followed by nearly 137,000 users on X, shared…