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Another Bitcoin break above $70,000 will be a significant signal for traders but until it happens, analysis is “pretty futile,” according to Mati Greenspan. Bitcoin (BTC) price watchers are scrutinizing charts top to bottom, but one analyst says there’s little point until the cryptocurrency gets closer to its all-time high again.“It’s the breakouts that are…

Reddit said the deal allows OpenAI’s tools to “better understand and showcase Reddit content” and sees the AI firm back new features on the social platform. Reddit (RDDT) rose 11% in after-hours trading following the social media firm striking a data-sharing deal with artificial intelligence chatbot ChatGPT creator OpenAI. Reddit said on May 16 that…

Altcoins have “tactical opportunities” but not the massive gains seen in previous cycles, says 10xResearch head of research Markus Thielen. The high-risk, high-reward theory of altcoins might be tilting toward the former as big gains are now less likely due to weak narratives driving the crypto market, say crypto analysts.“While tactical opportunities exist, the era…

The pilot program tested a method of bringing traditional finance fund data onto blockchains with big banks JPMorgan and BNY Mellon also involved. The world’s largest settlement system, the Depository Trust and Clearing Corporation (DTCC), and blockchain oracle Chainlink have wrapped up a pilot program with several major banking firms in the United States aimed…

Pump.fun said its smart contracts are safe and impacted users will receive “100% of the liquidity” that it previously had within the next 24 hours. Solana memecoin creation tool pump.fun has claimed a former employee exploited the firm for nearly $2 million through a “bonding curve” attack. The ex-employee used their “privileged position” to access…

Turkey and India advanced crypto policies on May 16 that could create a framework for businesses and investors operating in each country. Reuters reported that the Securities and Exchange Board of India (SEBI) wants multiple regulators to oversee crypto trading in the country. In its recommendation, SEBI said it could monitor crypto securities, oversee initial…

Bybit to compensate users after Notcoin listing debacle, China gaming firm’s profits up 1100% after $200M crypto buy, and more: Asia Express. Our weekly roundup of news from East Asia curates the industrys most important developments.Cryptocurrency exchange Bybit hasbeenembroiledin controversyover the initial listing of Notcoin (NOT), a play-to-earn game and token integrated as a Telegram…

Jaffe Tilchin Investment Partners was one of several firms that disclosed investments in spot Bitcoin ETFs on May 16. The Florida-based investment manager and insurance services advisor revealed it invested $11.3 million in spot Bitcoin ETFs during the first quarter — comprising $9.8 million in BlackRock’s IBIT and $1.6 million in Grayscale’s GBTC. Separately, Nebraska-based…

Solana-based DeFi memecoin platform Pump.fun experienced a significant breach on May 16 when an exploiter apparently utilized flash loans to manipulate the platform’s bonding curve contracts. The platform has since paused all trading activities. In a statement on social media, Pump.fun acknowledged the exploit and assured users that the platform is investigating the issue. The…

Pleterski and an associate were arrested months after multiple investor complaints and months of police investigation. Canadian police are charging self-declared “crypto king” and social media personality Aiden Pleterski with one count of fraud over $5,000 Canadian dollars ($3,666) and money laundering after a lengthy investigation. His associate Colin Murphy was also charged with fraud,…