Bitcoin
Cointelegraph reports that GameStop Corp purchased 4,710 Bitcoin on May 28, 2025. The US video game and consumer electronics retailer confirmed its first Bitcoin investment through a statement posted on the company's X account. The purchase represents approximately $513 million at current Bitcoin prices. GameStop did not
Bitcoin
Cointelegraph reports that Coinbase and two executives were hit with another proposed class-action lawsuit over the crypto exchange's stock price drop following disclosure of a user data breach earlier this month. Investor Brady Nessler filed the May 22 lawsuit in Pennsylvania federal court, claiming the data breach and
Bitcoin
Hong Kong-based meal company DDC Enterprise completed its first Bitcoin purchase on May 23, acquiring 21 BTC for $2.28 million through a share issuance deal. Cointelegraph reports the NYSE-listed company exchanged 254,333 shares for the cryptocurrency as part of an ambitious three-year accumulation plan targeting 5,000 Bitcoin.
Bitcoin
Australian Senator Gerard Rennick sparked widespread controversy within the Bitcoin community on May 23, 2025, after publishing social media comments calling Bitcoin a "Ponzi scheme" and questioning its value because "you can't eat Bitcoin." The Cointelegraph reports these remarks came just one day after
Bitcoin
Pakistan has allocated 2,000 megawatts of surplus electricity exclusively for Bitcoin mining and artificial intelligence centers, according to Cointelegraph. The decision forms part of a broader digital transformation plan spearheaded by the Pakistan Crypto Council and backed by the Ministry of Finance. Finance Minister Muhammad Aurangzeb stated the move
Bitcoin
President Donald Trump faced scrutiny after speaking at a private investment dinner for his $TRUMP memecoin while standing behind a lectern displaying the official presidential seal. Cointelegraph reports that the event took place Thursday at Trump National Golf Club in Virginia, where 220 investors who collectively spent $148 million attended
Bitcoin
Michigan lawmakers introduced four cryptocurrency bills on May 21, 2025, according to Cointelegraph. The legislative package addresses pension fund investments, central bank digital currency restrictions, Bitcoin mining at abandoned wells, and related tax policies. State Pension Fund Bitcoin Investment House Bill 4510, introduced by Representative Bill Schuette, would permit Michigan&
Bitcoin
Swedish health technology company H100 Group AB saw its shares rise 37% on May 22 after purchasing 4.39 Bitcoin for 5 million Norwegian krone ($490,830). The Stockholm-based firm bought Bitcoin at an average price of $111,785 per coin. Bitcoin Magazine reports H100 is Sweden's first
Bitcoin
Crypto awareness in Singapore reached an all-time high of 94% in 2025, but actual ownership declined from 40% to 29%, according to Cointelegraph. Independent Reserve's fifth annual Singapore Crypto Market Survey, conducted in February with 1,500 participants, revealed this paradox between knowledge and participation. The survey showed
Bitcoin
The United Kingdom's Court of Appeal partially dismissed a lawsuit brought by Bitcoin SV investors against major cryptocurrency exchanges on May 21, 2025. Cointelegraph reports that the court rejected claims worth over £8.9 billion ($11.9 billion) from investors who held BSV during the 2019 delisting period.
Bitcoin
Swiss cryptocurrency financial service provider Bitcoin Suisse has received in-principle approval from the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM), marking its first expansion outside the European Union. According to Cointelegraph, the company secured this approval through its subsidiary BTCS (Middle East) Ltd, positioning the
Bitcoin
The Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act passed a crucial procedural vote in the United States Senate with a 66-32 margin on May 20, advancing legislation that creates the first comprehensive federal framework for stablecoin regulation. According to Cointelegraph, the bill now heads to a Senate
Bitcoin
A court decision in Australia could open the door to as much as $640 million in capital gains tax (CGT) refunds on Bitcoin transactions after a judge ruled that crypto should be treated as money rather than a taxable asset. According to Cointelegraph, the ruling emerged from a criminal case
Bitcoin
Panama City Mayor Mayer Mizrachi has indicated a potential move toward establishing a city-level Bitcoin reserve following discussions with key figures from El Salvador's Bitcoin policy team. On May 16, 2025, Mizrachi posted a cryptic message reading "Bitcoin Reserve" on his social media account after meeting
Bitcoin
DDC Enterprise, also known as DayDayCook, a US consumer brand with Hong Kong roots and operations in mainland China, announced a Bitcoin reserve strategy in a shareholder letter on May 15. The company has acquired 100 BTC for approximately $10.4 million and plans to accumulate 5,000 BTC in
Bitcoin
Coinbase, the world's third-largest cryptocurrency exchange, revealed on May 15 that cybercriminals recruited overseas support agents to steal customer data in an extortion attempt. According to Cointelegraph, the company faces expected remediation costs between $180 million and $400 million as it pledged to reimburse phishing attack victims. Despite