cryptocurrency news

• Cryptocurrency news may 7 2025
• Cryptocurrency market news today

Cryptocurrency news

Pi Network’s native token (PI) has experienced a sharp decline in recent days, dropping nearly 20% over the past 48 hours. The cryptocurrency is currently trading around $0 https://cryptosworldunited.com/.61, which represents a 400% decrease from its all-time high.

Together with the landmark Open Network launch, updates like the wrap-up of PiFest 2025, the introduction of the .pi Domains Auction, and enhanced security measures have kept the community buzzing. With this in mind, we want to make a comprehensive roundup of the latest Pi news as shared through recent X posts from the protocol.

.pi domain auction offers a creative use case for its native asset. The auction could pave the way for businesses and individuals to establish a digital presence tied to the Pi ecosystem, enhancing its appeal. As the feature gains traction, it’s likely to remain a hot topic in future Pi news roundups.

Cryptocurrency news may 7 2025

Colorado’s adoption of MTMA unclear as to cryptocurrency. On April 16, Colorado enacted HB 25-1201, which will replace the state’s existing money transmitter law with the Money Transmission Modernization Act (MTMA), consistent with many other states that have adopted the MTMA. The adoption of the MTMA could impact how Colorado regulates the movement of digital assets. Interim Guidance issued by the Colorado Division of Banking (DOB) back in September 2018 had clarified that under the then law, “cryptocurrencies are not recognized as legal tender” and therefore “the complete absence of fiat currency from a transmission from one consumer to another is not money transmission.” Under the 2018 interim guidance, licensure was required when: (1) a person engaged in the business of selling and buying cryptocurrencies for fiat currency on an exchange, (2) a Colorado customer could transfer cryptocurrency to another customer within the exchange, and (3) the exchange had the ability to transfer fiat currency through the medium of cryptocurrency. Actors in the space not currently licensed in Colorado are encouraged to seek clarification from the DOB and/or monitor public statements from the DOB for any indication that Colorado will begin regulating the movement of digital assets. The new law is set to take effect “at 12:01 am on the day following the expiration of the ninety-day period after final adjournment of the general assembly,” which will be later in 2025, absent any referendum petition.

Coinbase revealed that it fell victim to a significant cyberattack, forecasting losses of $180 million to $400 million from the incident. In a May 15 regulatory filing, the exchange said hackers breached account data of a “small subset” of customers by bribing several employees of overseas support contractors for internal access. The attackers obtained some customer personal data (names, addresses, emails) but did not compromise passwords or keys, and some users were tricked into transferring funds to the scammers. Coinbase immediately fired the staff involved and refused to pay the hackers’ $20 million ransom demand. Instead, the company is cooperating with law enforcement and has offered a $20 million reward for information to help identify and capture the perpetrators. Coinbase stated it will reimburse any customers who lost funds in the scam and has strengthened its security controls following the breach. This incident – one of the costliest hacks in crypto to date – underscored ongoing security challenges even for industry-leading exchanges.

Not all memes were down. A few smaller tokens saw spectacular gains. Notably, Turbo (a lesser-known meme coin) soared ~250% in the past month, reclaiming its 50/100/200-day moving averages and drawing attention. CryptoRank data also notes PEPE is up ~16% over the last month (though it dipped 0.5% in the last day). Other niche coins like Fartcoin, Pudgy Penguins, Bonk, and Floki are being talked up by traders and influencers (one newsletter cited Fartcoin +500% in recent weeks). Meanwhile, politically themed coins like TRUMP have emerged amid headlines (e.g. a bill about presidential crypto gains).

Colorado’s adoption of MTMA unclear as to cryptocurrency. On April 16, Colorado enacted HB 25-1201, which will replace the state’s existing money transmitter law with the Money Transmission Modernization Act (MTMA), consistent with many other states that have adopted the MTMA. The adoption of the MTMA could impact how Colorado regulates the movement of digital assets. Interim Guidance issued by the Colorado Division of Banking (DOB) back in September 2018 had clarified that under the then law, “cryptocurrencies are not recognized as legal tender” and therefore “the complete absence of fiat currency from a transmission from one consumer to another is not money transmission.” Under the 2018 interim guidance, licensure was required when: (1) a person engaged in the business of selling and buying cryptocurrencies for fiat currency on an exchange, (2) a Colorado customer could transfer cryptocurrency to another customer within the exchange, and (3) the exchange had the ability to transfer fiat currency through the medium of cryptocurrency. Actors in the space not currently licensed in Colorado are encouraged to seek clarification from the DOB and/or monitor public statements from the DOB for any indication that Colorado will begin regulating the movement of digital assets. The new law is set to take effect “at 12:01 am on the day following the expiration of the ninety-day period after final adjournment of the general assembly,” which will be later in 2025, absent any referendum petition.

Coinbase revealed that it fell victim to a significant cyberattack, forecasting losses of $180 million to $400 million from the incident. In a May 15 regulatory filing, the exchange said hackers breached account data of a “small subset” of customers by bribing several employees of overseas support contractors for internal access. The attackers obtained some customer personal data (names, addresses, emails) but did not compromise passwords or keys, and some users were tricked into transferring funds to the scammers. Coinbase immediately fired the staff involved and refused to pay the hackers’ $20 million ransom demand. Instead, the company is cooperating with law enforcement and has offered a $20 million reward for information to help identify and capture the perpetrators. Coinbase stated it will reimburse any customers who lost funds in the scam and has strengthened its security controls following the breach. This incident – one of the costliest hacks in crypto to date – underscored ongoing security challenges even for industry-leading exchanges.

Cryptocurrency market news today

Writer by choice, CryptoCurrency Writer, and Researcher by chance. Currently, focusing on financial news and analysis, as well as cryptocurrency news and data. One may not call me a crypto “Enthusiast” but trust me I’m getting there.

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

As of August 1st, President Donald Trump’s aggressive tariff strategy is beginning to take effect. While tariffs are traditionally a concern for traditional markets and international trade, their ripple effect is now increasingly being felt in crypto markets. Tariffs often trigger inflationary pressures and destabilize fiat currencies, conditions that sometimes push investors toward Bitcoin and other digital assets as a hedge. However, in the short term, these sudden shocks often lead to liquidity crunches and panic selling, especially in risk-on assets like altcoins.