DeepNewz
Regulation & Politics
Senate Fails Key Procedural Vote on GENIUS Act Stablecoin Bill, 48-49, Despite Support from Thune, Gallego, Warner
The bipartisan GENIUS Act, a Senate bill aimed at regulating stablecoins, has faced intense negotiations and uncertainty ahead of a scheduled vote
Markets
Bitcoin Reclaims $100,000 After Trump Announces US-UK Trade Deal
Bitcoin climbed above $100,000 on 8 May for the first time since 7 February, extending a month-long rally that has lifted the largest cryptocurrency about 38%
People
Movement Labs Terminates CEO Rushi Manche After $38M $MOVE Sell-Off, Rebrands as Move Industries with Torab Torabi as CEO
Movement Labs has terminated its CEO and co-founder Rushi Manche following a $38 million sell-off of its $MOVE tokens
People
Eric Trump Confirms Donald Trump Owns Significant Bitcoin Holdings, Calls It Digital Gold, Predicts Growth, Warns Banks, Bailey Plans Bitcoin Firm
Eric Trump confirmed to Bloomberg that former President Donald Trump owns a substantial amount of Bitcoin, describing it as "digital gold" and expressing bullish sentiment about its future growth
Markets
Bitcoin Surpasses $100,000 on May 8 for First Time Since February 7, 2025
Bitcoin has surpassed the $100,000 mark for the first time since February 7, 2025
Blockchains
Solana Weekly Revenue Surpasses Ethereum by 566%, Axiom Exchange Tops Protocols; Bitcoin Hits $97,000, Ethereum Deploys Pectra Upgrade
In April 2025, Solana's decentralized applications (DApps) generated over $162 million in revenue, with weekly revenue surpassing that of all other blockchain chains combined by 566%, including Ethereum
Markets
David Bailey, Trump Crypto Advisor, Plans $300 Million Publicly Traded Bitcoin Investment Firm Following MicroStrategy
David Bailey, a former crypto policy advisor to former President Donald Trump and CEO of Bitcoin Magazine, is raising $300 million to launch a publicly traded bitcoin investment firm
