It’s time once again—your underwater favorite reporter is here with the current wave of crypto news worldwide! Stay at the forefront of the current news in the arena of virtual currencies. Dive headfirst into the news of the week.
The crypto arena is on the rise, displaying very strong momentum signals. Bitcoin went beyond the $100,000 mark again on May 8th, equalling its all-time high, which it first crossed in December of last year. While Bitcoin makes its presence felt, Ethereum is also doing the same, up a whopping 30% in just one day alone. The recent Pectra update is clearly responsible for the growth spurt. With the market gaining ground, many investors are speculating whether we’re witnessing the start of a new bull run.
Tether Pushes Back on EU Regulations
Tether CEO Paolo Ardoino has said that the company will not register USDT under the European Union’s new MiCA regulatory regime. He is viewing the rules as particularly perilous for stablecoins and believes they could do damage to smaller and mid-sized banks across Europe. One of the major issues is the demand to maintain 60% of stablecoin reserves in insured EU banks. Ardoino stressed that Tether’s biggest concern is still its 400 million users worldwide, most of whom are not EU-based. He also hinted that the EU’s motive may be more directed towards diverting users towards its own digital euro. Others, such as Crypto.com and Kraken, already severed their lists from USDT following MiCA. Tether is still independent of El Salvador. Pi Network’s Rocky Mainnet Launch
Formerly touted as a crypto mobile mining revolution, Pi Network has been turbulent since February 2025, when it rolled out its mainnet. Its price dropped from $3 to under $0.60, the KYC process has been plagued with issues, centralization remains an issue, and the majority of users still struggle to withdraw their tokens.
All these raised the question in the community: Was Pi Network a bad implementation of what was a good concept, or does it ever stand any chance of redemption? Fancy trying Yabby? The ultimate way to begin is a $200 Welcome Bonus—your best chance to test the games and who knows, even win a massive prize!
Well, that’s it for this week’s report! Mr. Yabby Casino hopes these tidings added a dash of excitement to your day. Cheers to new beginnings and new frontiers ahead. Until next time—stay lucky!
It’s time once more—your favorite underwater reporter returns with the latest wave of crypto news from all over the globe! Keep abreast of the latest developments in the realm of digital money. Let’s dive right into the news dominating the headlines this week.
The crypto economy is soaring, showing evident signs of momentum.
Bitcoin surpassed the $100,000 threshold for the second time on May 8th, matching its initial record set way back in December. While Bitcoin is breaking new ground, Ethereum is also causing ripples—increased by a whopping 30% within a day. The recent Pectra upgrade seems to be fueling this rapid growth. With the market gaining ground, many investors are speculating whether we’re witnessing the start of a new bull run. Tether Pushes Back on EU Regulations
Tether’s CEO, Paolo Ardoino, has announced the company will not register USDT under the European Union’s new MiCA regulatory framework.
He views the rules as particularly risky for stablecoins and believes they could hurt smaller and mid-sized banks across Europe. One of the key concerns is the need for 60% of the stablecoin reserves to be held in insured EU banks. Ardoino emphasized that Tether’s primary concern remains its 400 million global users-many of whom are not located in the EU. He also posited that the EU’s incentive could be more to channel users into its own digital euro. A few exchanges, like Crypto.com and Kraken, have already removed USDT because of MiCA, and Tether is still autonomous from El Salvador. Pi Network’s Rocky Mainnet Launch
After researching and being hailed as the beginning of crypto mining on the move, Pi Network has been plagued with issues after launching its mainnet in February 2025. Its price dropped from $3 to less than $0.60, the KYC is filled with bugs, centralization remains a worry, and good numbers of users remain unable to withdraw their tokens. All of these have left many wondering: was Pi Network an idea genius with a poor implementation or is it still in expectation for redemption?
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All for this week’s update! Mr. Yabby hopes these blogs brought some spark of fun into your day. Here’s to a new start and new chances tomorrow. Until then—stay lucky!
