Raoul Pal Says AI, Crypto Are Recasting Global Economy Faster Than Expected

Macro investor and Real Vision Chief Executive Officer Raoul Pal said artificial intelligence and cryptocurrencies are rapidly reshaping the global economy, with tokenization and blockchain-based changes to the financial system accelerating. CoinDesk

New York Stocks Close Lower; Nasdaq Falls 0.84%

The three major U.S. stock indexes closed lower on May 20. The Nasdaq Composite fell 0.84% from the previous session to 25,870.71. The Dow Jones Industrial Average dropped 0.65% to 49,364.31, while the S&P 500 declined 0.64% to 7,355.45.

Bitwise Says Hyperliquid Is More Than a DEX, Calls HYPE Token Undervalued

Global asset manager Bitwise has identified Hyperliquid's HYPE token as one of the market's most undervalued assets, arguing that the platform is evolving beyond a decentralized exchange, or DEX, into a broader financial hub. CoinDesk reported on May

US Stocks Turn Lower; Nasdaq Falls 0.42%

The three major US stock indexes turned lower. The Nasdaq Composite was down 0.42% at 25,982.13 as of 3:02 a.m. on May 20. The Dow Jones Industrial Average fell 0.24% to 49,569.15, while the S&P 500 dropped 0.27% to 7,382.83.

Deloitte Acquires Blocknative in Acqui-Hire for Web3 Talent

Deloitte has acquired crypto infrastructure company Blocknative in an acqui-hire deal, as the global accounting and consulting firm moves to add Web3 talent and technology. Crypto-focused media outlet The Block reported on May 19 that Deloitte bought

Solana-Based Perp DEX Weekly Volume Tops $20 Billion for First Time

Weekly trading volume on Solana-based decentralized perpetual futures exchanges reached a record, highlighting continued growth in the on-chain derivatives market. Wu Blockchain, a crypto-focused media outlet, reported on May 19 that weekly volume on

Crypto Super PAC Spends $4.2 Million on Pro-Crypto Candidate in Georgia Primary

A cryptocurrency industry super PAC has poured significant money into a US House primary in Georgia, extending the sector’s push to expand its political influence. Cointelegraph reported on May 18 that Protect Progress, a crypto industry super PAC, s

Santiment Says Bitcoin Selloff Is Spreading Fear, May Signal Short-Term Rebound

Bearish sentiment is spreading quickly across the crypto market as Bitcoin (BTC) falls, according to on-chain analytics firm Santiment. The firm also said excessive fear could instead signal a short-term rebound. In a post on X on May 18, Santiment s

Ethereum Foundation Loses More Key Staff as Restructuring Debate Persists

The Ethereum Foundation continues to lose key personnel, fueling community concerns over its organizational restructuring. CoinDesk reported on May 18 that Carl Beek and Julian Ma recently left the Ethereum Foundation. Several other major contributor

Trump Says Iran Will Soon Know ‘What’s Going to Happen’

President Donald Trump issued another warning to Iran, signaling renewed tensions as US-Iran talks remain deadlocked. Walter Bloomberg reported on May 18 that Trump called Iran’s new peace proposal “unsatisfactory” and said he has “no intention of co

Crypto Weakens as Fading Fed Rate-Cut Bets Weigh; Bitcoin Falls 2%

Cryptocurrencies, including Bitcoin, traded lower as fading expectations for Federal Reserve rate cuts weighed on investor sentiment. Walter Bloomberg reported on May 18 that Bitcoin was trading near $76,660, down about 2%. Bitcoin briefly topped $82

Trump to Discuss Military Response Options With National Security Team

President Donald Trump is expected to discuss military response options with his national security team, as tensions in the Middle East flare again. Walter Bloomberg reported on May 17 that Trump will meet with senior national security aides in the W

Trump Issues Ultimatum-Like Warning to Iran, Says Time Is Running Out

President Donald Trump issued a stark warning to Iran, adding to signs that tensions between Washington and Tehran are rising again. Walter Bloomberg reported May 17 that Trump said Iran does not have much time left and that if it does not move quick

Trump Aides Reportedly Concerned About Possible Chinese Military Move on Taiwan

Advisers to US President Donald Trump are reportedly concerned that China could take military action against Taiwan within the next five years. The prospect is drawing market attention to a possible escalation in US-China tensions. Walter Bloomberg r

US Stocks Turn Lower; Nasdaq Falls 1.22%

The three major US stock indexes were trading lower. The Nasdaq Composite was down 1.22% at 26,309.81 as of 4:37 a.m. on May 16, compared with the previous session. The Dow Jones Industrial Average fell 0.96% to 49,582.51, while the S&P 500 dropped 1

UAE Rejects Iran’s Claims, Says It Reserves All Response Options

The United Arab Emirates strongly rejected Iran’s claims and what it described as efforts to justify attacks against the Gulf state, signaling renewed strain in the Middle East. In a statement issued on May 15, the UAE said it fully rejects claims ma

WTI Nears $105.5 a Barrel as Oil Rally Accelerates

International oil prices extended their gains and touched a fresh intraday high, driven by Middle East geopolitical risks and persistent concerns over supply disruptions. Walter Bloomberg reported on May 15 that West Texas Intermediate futures climbe

Bitcoin Drops Below $79,000 as Treasury Yields Surge, Inflation Fears Mount

Bitcoin fell sharply as surging U.S. Treasury yields and renewed inflation concerns triggered a broader selloff in global risk assets. CoinDesk reported on May 15 that Bitcoin briefly dropped to $78,600. The token had earlier climbed to $82,000 after

US Stocks Close Higher; Nasdaq Rises 0.88%

The three major US stock indexes closed higher on May 15. The Nasdaq Composite rose 0.88% from the previous session to 26,635.22. The Dow Jones Industrial Average gained 0.75% to 50,063.46, while the S&P 500 advanced 0.77% to 7,501.39.

Coinbase CEO Calls Senate Banking Panel Approval of CLARITY Act a 'Historic Day'

Coinbase Chief Executive Officer Brian Armstrong praised the U.S. Senate Banking Committee’s approval of the CLARITY Act, highlighting growing expectations for a clearer U.S. regulatory framework for digital assets. Writing on X on May 14, Armstrong

JPMorgan Says Ethereum, Altcoins May Continue to Lag Bitcoin

JPMorgan says Ethereum and the broader altcoin market may remain relatively weak for now as a Bitcoin-centric market structure strengthens. The Block reported on May 14 that JPMorgan said in a recent report the trend of altcoins underperforming Bitco

Crypto Stocks Rise as US Senate Panel Debates Clarity Act

Crypto-related stocks advanced as the US Senate Banking Committee continued discussions on the Clarity Act, a digital-asset market structure bill. The gains reflected expectations that clearer regulations could support the sector. CoinDesk reported t

Lummis Says CLARITY Act Was Hardest Bill She Has Worked On

U.S. Senator Cynthia Lummis, a Wyoming Republican, called the CLARITY Act a product of bipartisan cooperation as debate over crypto regulation in Congress nears its final stage. At a Senate Banking Committee meeting on May 14, Lummis said the bill wa

Consensys Delays US IPO as Crypto Market Slump Persists

Consensys, the developer of MetaMask, has delayed its planned US initial public offering, CoinDesk reported, underscoring the continued weakness in the crypto IPO market. CoinDesk reported on May 13 that the company pushed back its IPO timetable to a

UK Treasury Minister Says Digital Assets Could Transform Financial Markets

The UK government signaled confidence in the growth potential of the digital-asset industry, raising expectations for changes in the structure of financial markets. Lucy Rigby, the UK Treasury’s economic secretary, told the FT Digital Assets Summit t

Bitcoin Briefly Falls Below $79,000

Bitcoin briefly fell below the $79,000 level. As of 2:03 a.m. on May 14, Bitcoin was trading at $78,953.37 on Binance's Tether market, down 1.84% from a day earlier.

Bitcoin Dominance Rebounds to 58%, Signaling Consolidation Rather Than Altcoin Season

Bitcoin dominance is rebounding, suggesting the crypto market remains in a correction and consolidation phase rather than a full-fledged altcoin season. Crypto news outlet The Block reported on May 11 that Bitcoin dominance had recovered to about 58.

Trump Says US Will ‘Finish’ It if Iran Doesn’t Make ‘Right Choice’

President Donald Trump renewed a hard-line warning to Iran, signaling increased military and diplomatic pressure. On May 12, Trump said, “Iran makes the right choice, or we will finish it,” Walter Bloomberg reported. The comments came as the US and I

Bitcoin Briefly Falls Below $80,000

Bitcoin briefly fell below the $80,000 mark. As of 2:58 a.m. on May 13, Bitcoin was trading at $79,963.22 on Binance's USDT market, down 2.15% from a day earlier.

Bitcoin Pullback Looks Milder Than in Past Bear Markets as Corporate Buying Limits Declines

Bitcoin’s current market cycle is showing a different pattern from past bear markets, with institutional and corporate buying helping support prices on the downside. Cointelegraph reported on May 12 that Pierre Rochard of Bitcoin Bond Company said Bi