Latest cryptocurrency news
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Furthermore, Bitwise predicts that Ethereum’s upgrade, EIP-4844, aimed at drastically reducing transaction costs, could catalyze the first wave of mainstream crypto applications by enabling new use cases like micropayments and large-scale gaming.
Further complicating the dollar’s dominance are global geopolitical shifts and the burgeoning concerns over U.S. debt sustainability, mirrored in the rising costs of Credit Default Swaps—a signal of growing investor unease.
The accuracy of prediction models used by CoinCodex is heavily influenced by the amount of historical data available for a particular crypto asset. For example, we feel very confident in our projected price trends for Bitcoin and other crypto assets that have been trading for a considerable amount of time. While we strive to provide the most accurate cryptocurrency price predictions possible, it’s important to note that you shouldn’t expect our models to be entirely accurate all the time. That’s especially true for predictions about crypto assets that have experienced erratic market behavior in the past or haven’t been trading that long.
Cryptocurrency news may 30 2025
Core PCE excludes volatile food and energy prices, offering a clearer view of underlying inflation pressures. It is closely monitored by the Federal Reserve as a key input for interest rate decisions.
This diplomatic stalemate seems to have reignited fears of a broader economic impact, which is feeding into the crypto market’s volatility. Investors aren’t just skittish; they’re downright anxious. And who can blame them? After all, trade policies between the two largest economies significantly influence everything from supply chains to tech regulations, directly affecting blockchain projects that rely on international cooperation.
Nigel Farage, leader of Reform UK, proposed a “crypto revolution” in the UK, including a reduction of capital gains tax on digital assets to 10% and the creation of a BTC reserve at the Bank of England. His party also became the first in the UK to accept crypto donations.
Core PCE excludes volatile food and energy prices, offering a clearer view of underlying inflation pressures. It is closely monitored by the Federal Reserve as a key input for interest rate decisions.
This diplomatic stalemate seems to have reignited fears of a broader economic impact, which is feeding into the crypto market’s volatility. Investors aren’t just skittish; they’re downright anxious. And who can blame them? After all, trade policies between the two largest economies significantly influence everything from supply chains to tech regulations, directly affecting blockchain projects that rely on international cooperation.
Cryptocurrency news may 31 2025
GameStop just made a $500 million bet on Bitcoin but investors are not on board. The move, intended to offset falling video game sales, triggered a 10% stock drop immediately, and a total plunge of 23%.
Bitcoin’s price surged past $100,000 on May 8 for the first time since early February, driven by renewed market optimism. By midday, Bitcoin was trading around $101,330 – a ~5% gain on the day – buoyed by news of a breakthrough trade deal between the United States and United Kingdom that suggested an easing of President Trump’s trade wars. The rally helped Bitcoin claw back into positive territory for the year, though it remained below its record high of approximately $109,000 set in January. Analysts noted this rapid rebound (from lows near $74K just a month prior) as a sign of returning risk appetite, with long-term investors eyeing a potential run toward new all-time highs. Bitcoin’s climb above the psychologically important $100K level was widely celebrated in the crypto community and reinforced perceptions of strengthening mainstream confidence in digital assets.
Coinbase revealed that it fell victim to a significant cyberattack, forecasting losses of $180 million to $400 million from the incident. In a May 15 regulatory filing, the exchange said hackers breached account data of a “small subset” of customers by bribing several employees of overseas support contractors for internal access. The attackers obtained some customer personal data (names, addresses, emails) but did not compromise passwords or keys, and some users were tricked into transferring funds to the scammers. Coinbase immediately fired the staff involved and refused to pay the hackers’ $20 million ransom demand. Instead, the company is cooperating with law enforcement and has offered a $20 million reward for information to help identify and capture the perpetrators. Coinbase stated it will reimburse any customers who lost funds in the scam and has strengthened its security controls following the breach. This incident – one of the costliest hacks in crypto to date – underscored ongoing security challenges even for industry-leading exchanges.
On the technical front, May will see several notable network developments. Ethereum’s highly anticipated Pectra upgrade goes live on May 7, aimed at improving performance and user experience. Other key updates include RUNE’s Mainnet V3.5, IOTA’s new mainnet, and hardforks from KAS and XEC, all contributing to growing momentum around infrastructure innovation.