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Telo News - Crypto | DeFi | Web3 avatar
Telo News - Crypto | DeFi | Web3
क्रिप्टोकरेंसी
Telo News - Crypto | DeFi | Web3 avatar
Telo News - Crypto | DeFi | Web3
क्रिप्टोकरेंसी
Stablecoin transaction volume reached a record $1.82tr last month. According to a16z, unlike previous surges tied to speculative trading, current growth appears driven by organic, real-world usage, even as overall crypto trading volumes remain volatile.

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Former Celsius Network CEO Alex Mashinky got sentenced 12 years in prison for misappropriating Celsius customers’ funds and manipulating the price of the lender's token, CEL.

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08.05.202509:48
Arizona has become the second U.S. state to pass a Strategic Bitcoin Reserve bill, following New Hampshire.

Governor Katie Hobbs signed HB 2749 into law, converting unclaimed-property profits into Bitcoin and other digital assets.

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08.05.202505:16
Bitcoin surged to $99,000, its highest level since February 4, 2025, and now sits just around 10% below its all-time high of $109,114.88.

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Ripple will stop publishing quarterly XRP market reports, citing that its voluntary transparency was used against it by the SEC in enforcement actions.

The company said the reports “did not achieve the expected results,” and future disclosures will shift to updates via its website and social media, though a new format hasn’t been detailed.

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Netflix is reportedly developing a series on the dramatic 2022 FTX collapse, with Julia Garner in talks to play Caroline Ellison.

Evan Peters is rumored to portray Sam Bankman-Fried, though his role has yet to be confirmed.

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The CEO of Rumble said the company will launch a non-custodial wallet in partnership with Tether in Q3 2025. “Rumble Wallet will directly compete with Coinbase. Our goal is to become the most recognized non-custodial wallet for BTC and stablecoins,” the CEO stated.

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Coinbase to acquire Deribit for $2.9bn in cash and stock deal.

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Warren Buffett’s Berkshire Hathaway has raised its cash reserves to an all-time high of $347.7bn, amid falling operating earnings and global trade uncertainty.

Berkshire traditionally increases its cash pile a few years before major crises, often setting new records.

This happened in:
⚫1999 before the dot-com crash
⚫2007–2008 before the global financial crisis
⚫2019 just ahead of the COVID crash
⚫And now in 2024–2025, as the company sold off assets at record levels and entered a holding phase — Buffett says he sees no attractive buying opportunities in the short term


Meanwhile, Berkshire’s operating income dropped 14% YoY to $9.6bn, and most business units saw declining revenue. The top holdings remain American Express, Apple, Bank of America, Coca-Cola, and Chevron.

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💡💡💡
The U.S. Fed kept the interest rates unchanged at 4.5% in line with consensus estimates.

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U.S. Senator Chris Murphy has introduced the MEME Act, a bill to ban the President and members of Congress from issuing memecoins—calling Trump Coin “the biggest corruption scandal in the history of the White House.”

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New Hampshire has enacted HB 302, making it the first U.S. state to create a Strategic Bitcoin and Digital Asset Reserve.

The law permits the state treasury to allocate up to 5% of funds into digital assets with a market cap over $500bn—currently only Bitcoin. It takes effect in 60 days.

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The GENIUS Act, a key U.S. stablecoin bill, has failed a crucial Senate vote.

⚫ The bill’s latest version was introduced without Democratic input.
⚫ Trump’s recent pro-crypto remarks sparked backlash, with Democrats citing a conflict of interest.
⚫ As a result, the bill’s chances—and those of other crypto legislation—have significantly dropped.
⚫ A new vote is set for Monday, but prospects remain uncertain.

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G7 leaders are expected to spotlight North Korea’s crypto-fueled cybercrime at the June summit in Alberta, Canada.

North Korean hackers have looted billions in digital assets, turning crypto theft into a lifeline for sanctions evasion and weapons development.

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08.05.202509:20
Stripe has launched stablecoin accounts in over 100 countries, supporting USDC and USDB (from its acquired platform Bridge).

Users can now:
⚫Hold funds in dollar-backed stablecoins
⚫Send and receive transfers
⚫Use the account as a fiat bank alternative

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Bitcoin outperformed both Gold and the S&P 500 in April, 2025, despite an early-month drop, highlighting its strong recovery and resilience.

BTC continues to closely track the S&P 500’s movements—but with higher alpha—offering greater upside during market rebounds.

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South Korea’s presidential frontrunner Lee Jae-myung has pledged to approve spot crypto ETFs and implement monitoring systems to ensure safer investment conditions.

The country’s financial regulator expressed support for the initiative and plans to coordinate with the incoming administration after the June 3 election.

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UK Treasury Secretary Emma Reynolds ruled out creating a national crypto reserve, saying the approach taken by the U.S. “is not the plan for us.”

Instead, the UK will focus on regulated digital asset frameworks and potential sovereign debt issuance via blockchain, while continuing strategic cooperation with the U.S. on crypto policy.

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The U.S. SEC and Ripple Labs have filed a joint settlement agreement letter on April 8, according to lawyer James Filan.

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08.05.202509:55
Braden John Karony, ex-CEO of SafeMoon (SFM), is on trial in New York after pleading not guilty to fraud and money laundering conspiracy charges.

U.S. prosecutors allege Karony helped embezzle millions in SFM tokens between 2021 and 2022. The trial is scheduled to run through May 26.

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Cumulative inflows into Bitcoin ETFs have reached a new all-time high of $40.62bn.

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The CFTC has withdrawn its appeal against crypto prediction platform Kalshi, effectively ending its challenge to election-related betting markets.

A federal judge had earlier ruled the agency overstepped its authority, and both Kalshi and CFTC Commissioner Summer Mersinger now affirm: “Election markets will continue to exist.”

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Tether will launch USDT on the Kaia blockchain through a partnership with LINE NEXT and Kaia, integrating the stablecoin into LINE’s Mini Dapp platform and wallet.

This will allow users to make payments, transfer funds internationally, and access DeFi services directly within the LINE ecosystem.

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KuCoin released its 30th consecutive Proof of Reserves (PoR) report.

⚫️ BTC: 10,306.78 BTC (at 106%)
⚫️ ETH: 168,779.13 ETH (at 116%)
⚫️ USDT: $1.34bn (at 114%)
USDC: $93.4m (at 109%)

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