Crypto exec ran a ‘covert pipeline for dirty money,’ DOJ says

Bitcoin's price surged by 3% to over $97,000 on May 7, driven by optimism around a potential US-China trade deal and significant short liquidations totaling $83.6 million. Open interest rose 26% to $64.4 billion, indicating strong bullish momentum, with technical analysis suggesting a potential rise to $100,000. Daily trading volume also increased by 37% to $31.7 billion.

Argentina’s Anti-Corruption Office has cleared President Javier Milei of any wrongdoing in the LIBRA memecoin scandal, where his promotion of the cryptocurrency led to major investor losses. The office found no legal violations in his actions, putting an end to speculation about his ethical conduct in the matter.

Editor’s Note: This ruling matters because it closes a contentious chapter for Milei, whose unorthodox economic views and crypto endorsements have drawn both fervent support and sharp criticism. For investors burned by LIBRA, though, the decision might feel like salt in the wound—legal exoneration doesn’t undo their losses. It also raises questions about how leaders should engage with volatile assets, especially when their words can move markets.

Bitcoin's making a slow but steady climb back up after a recent dip, now sitting at around $107,428—a small 1.6% bump in the last day. It’s still shy of its all-time high of $111,000 from last month, but the weekly trend shows a 3.3% rise, hinting that investors might be getting their mojo back. On-chain data (that’s blockchain activity for the uninitiated) seems to back up this cautiously optimistic vibe.

Editor’s Note: For crypto watchers, this is a sign that Bitcoin isn’t done yet. Even after some turbulence and profit-taking last week, the rebound suggests there’s still bullish energy in the market. If this keeps up, we could see another run at record highs—or at least a test of that $110K mark. Whether you're holding or just watching, it’s a reminder that Bitcoin’s volatility cuts both ways.

Investment firm Bernstein is doubling down on its bullish stance for Bitcoin, calling its own $200,000 price prediction "conservative." The analysts suggest that factors like institutional adoption and upcoming regulatory clarity could push Bitcoin even higher, though they didn’t specify a new target.

Editor’s Note: If you’ve been watching Bitcoin’s wild price swings, this kind of optimism from a major financial player adds fuel to the debate about where crypto is headed. Bernstein’s confidence hints that big money is still betting on Bitcoin’s long-term rise—whether that’s hopeful hype or a sign of real momentum depends on who you ask. Either way, it’s a headline that’ll get crypto enthusiasts talking.

Ethereum is having a big moment—not only has its price surged past $2,700, but the amount of ETH locked up in staking (where users earn rewards by helping secure the network) just hit an all-time high. Nearly 30% of all circulating ETH is now staked, showing growing confidence in the network’s long-term potential.

Editor’s Note: This isn’t just about price hype. The record staking numbers suggest investors are doubling down on Ethereum’s future, betting that its upcoming upgrades and utility will keep it relevant. For crypto watchers, it’s a sign that ETH isn’t just trading—it’s being put to work.