Crypto News Digest - Quick-read versions of cryptocurrency updates
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@MARA posted a $533M Q1 loss due to Bitcoin valuation adjustments, while @Meta explores stablecoins for content creators. @Coinbase misses earnings after Deribit acquisition news. #Update #Crypto $BTC (-6) ↘
Solana-based meme coins $MOODENG and $PNUT surge over 140% and 55%, respectively, as Bitcoin hits $100K, boosting the meme coin category by 23.7%. #Update #Crypto $SOL (+6) ↗
@SquareEnix expands its blockchain game Symbiogenesis to Sony’s Ethereum layer-2 network, Soneium, offering NFT rewards across three games. Players must complete quests by May 31. #Update #Crypto (+3) ↗
German authorities seized $37.4M in cryptocurrency and hardware from eXch, linked to laundering funds from the Bybit hack. The exchange allegedly operated without licenses. #Breaking #Legal $BTC (-9) ↘
Treasury Secretary Scott Bessent criticizes the Senate for blocking the GENIUS Act, a key stablecoin regulation bill, jeopardizing U.S. leadership in digital assets. #Update #Legal (+7) ↘
@SteaknShake will accept $BTC at all U.S. locations starting May 16, offering crypto payments to over 100 million customers. #Update #Crypto $BTC (+6) ↗
Bitcoin surpassed $100K amid anticipation of Fed rate cuts and a U.S.-U.K. trade deal, with $ETH up 20% and altcoins outperforming. #Update #Crypto $BTC (+6) ↗
U.S. District Judge K. Michael Moore dismissed most claims against celebrities like Tom Brady and Larry David in the FTX lawsuit; unregistered securities claims remain active. #Update #Legal (+3) ↗
The Senate’s GENIUS Act, aimed at establishing a stablecoin framework, failed a key procedural vote, jeopardizing other crypto bills’ progress. #Update #Legal (-7) ↘
@Google’s Gemini 2.5 Pro tops WebDev Arena, outperforming Claude in coding and reasoning tasks with a 1 million token context window, now available for free to users. #Update #Tech (+7) ↗