A Trump election win could be positive for crypto as his administration would likely push for a more supportive regulatory environment, the report said. Source: https://www.coindesk.com/business/2024/05/07/bitcoin-could-benefit-from-us-fiscal-dominance-and-a-trump-win-standard-chartered-says/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The latest price moves in bitcoin (BTC) and crypto markets in context for May 7, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the …

“We are in an AI super cycle right now,” one market observer said. Source: https://www.coindesk.com/markets/2024/05/07/ai-tokens-lead-crypto-market-recovery-as-nvidia-hits-one-month-high/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The platform being issued a Wells Notice by the SEC is surprising given the company’s conservative approach to digital assets listings, the report said. Source: https://www.coindesk.com/markets/2024/05/07/robinhood-would-likely-win-crypto-court-case-with-the-sec-kbw/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The executive’s detention sets a “a dangerous new precedent,” Teng wrote in a blog post. Source: https://www.coindesk.com/policy/2024/05/07/binance-ceo-teng-says-nigeria-must-release-beloved-colleague-gambaryan/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The Australian Taxation Office (ATO) has asked cryptocurrency exchanges to provide the personal data and transaction details of up to 1.2 million accounts, according to reports. Source: https://www.coindesk.com/policy/2024/05/07/australias-tax-office-tells-crypto-exchanges-to-hand-over-transaction-details-of-12-million-accounts-reuters/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

London-based Revolut, which has more than 40 million customers worldwide, has developed Revolut X to compete with leading crypto exchanges. Source: https://www.coindesk.com/business/2024/05/07/revoluts-crypto-exchange-goes-live-for-experienced-traders/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Despite the recent bounce, the correction isn’t over, said one technical analyst, expecting bitcoin to fall to the low-mid $50,000 area before rallying to new all-time highs. Source: https://www.coindesk.com/markets/2024/05/06/bitcoin-slips-to-63k-as-crypto-market-faces-more-us-regulatory-pressure/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Bitcoin has significant upside potential this month thanks to two big catalysts and Michael Saylor’s MicroStrategy (MSTR) stock could surge, too, on its way toward getting “meaningfully higher” by …

EIP-3074 has drawn both support and concern from the Ethereum community, a code change that is supposed to improve the user experience with wallets on the blockchain. Source: https://www.coindesk.com/tech/2024/05/06/ethereum-developers-target-ease-of-crypto-wallets-with-eip-3074/?utm_medium=referral&utm_source=rss&utm_campaign=headlines