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The ETHval dashboard calculates Ethereum's intrinsic value using ten different valuation methodologies, blending traditional finance approaches with crypto-specific metrics. It aims to provide a more rigorous, fundamentals-based framework for evaluating Ethereum beyond mere price speculation. Feedback and suggestions from users are encouraged.
Hyperliquid, a decentralized exchange, has rapidly gained traction in the crypto market, amassing billions in trading volume within just two years. Specializing in perpetual futures, it has attracted significant investment and outperformed Coinbase in several metrics, positioning itself as a formidable player in the industry, albeit smaller than Binance.
Crypto treasury firms are experiencing a significant rise in cumulative market caps, reaching $160 billion as investors seek more equity exposure. These firms provide large token holders with sophisticated exit strategies, enabling them to bypass traditional liquidity constraints and to convert holdings into equity shares for better market positioning. The trend reflects a growing integration of traditional finance with the crypto market.
Coinbase prioritizes hiring exceptional talent and outlines an intensive interview process that spans approximately 60 days. The stages include application review, recruiter screening, structured assessments, and multiple interviews, all aimed at ensuring candidates align with the company's high standards and culture.
Federal regulators have granted preliminary approval to Erebor Bank, a crypto- and tech-focused financial institution co-founded by Palmer Luckey, which aims to secure final approval from the Federal Deposit Insurance Corporation. With backing from notable investors like Peter Thiel and Joe Lonsdale, Erebor plans to generate revenue by lending against crypto and valuable tech assets.
JPMorgan is reportedly set to accept cryptocurrency exchange-traded funds (ETFs) as collateral for loans, marking a significant step in the integration of digital assets into traditional finance. This move could enhance the liquidity and usability of crypto assets within the banking sector.
Robinhood has reported a dip in its cryptocurrency trading volumes for April, raising some concerns among investors. However, Mizuho Securities analysts believe there is no significant cause for alarm despite the downturn.
SharpLink has increased its Ethereum holdings by purchasing 19,271 ETH for approximately $75 million, bringing its total to nearly 860,000 ETH. This treasury, worth around $3.5 billion, positions SharpLink as a significant player in the Ethereum ecosystem.
The U.S. Senate has confirmed Paul Atkins as the new chair of the Securities and Exchange Commission (SEC), marking a shift towards a more crypto-friendly regulatory environment. Despite his support for the crypto industry, some lawmakers, including Senator Elizabeth Warren, have expressed concerns about his past associations with controversial figures like Sam Bankman-Fried.
The White House has unveiled a detailed 168-page report providing recommendations for the regulation of digital assets, including stablecoins and a proposed crypto stockpile. This report, stemming from an executive order by President Trump, aims to create a regulatory framework that acknowledges the potential of blockchain technologies to transform financial systems.
Bitget Wallet has partnered with Mastercard and Immersve to introduce a crypto card that allows users to make purchases directly from their digital wallets at over 150 million merchants globally. Initially available in the UK and EU, the card is set to expand to Latin America, Australia, and New Zealand, offering features like transaction rewards and the ability to earn yield on idle balances.
The Ethereum Community Conference (EthCC) in Cannes showcased the growing institutional adoption of Ethereum as a backbone for global finance, with notable announcements such as Robinhood launching tokenized stocks. Industry leaders emphasized Ethereum's stability and security, as firms like Deutsche Bank and Coinbase explore deeper integration with tokenized assets and decentralized finance. The event highlighted Ethereum's evolution from a speculative platform to a trusted infrastructure for the future of finance.
Under Trump’s second presidential term, traditional financial institutions and crypto firms are increasingly collaborating due to regulatory rollbacks. Major banks like Bank of America are exploring stablecoins and seeking licenses to offer crypto services, indicating a significant shift in the finance sector's approach to digital assets.
NYC Mayor Eric Adams announced the creation of a digital assets advisory council aimed at fostering fintech job growth and exploring innovative solutions for city services, such as using blockchain for vital records. The council will consist of industry experts, with a chair to be named soon, and reflects the city's commitment to embracing technology for the benefit of its residents.
Grayscale Investments has confidentially submitted a draft registration statement for an initial public offering to the U.S. SEC, allowing them to keep sensitive financial details private until closer to a potential listing. This move follows significant developments for the firm, including the conversion of its Bitcoin and Ethereum trusts into ETFs, and comes at a time when interest in crypto listings is increasing under a pro-crypto regulatory environment.
The Bank for International Settlements claims that stablecoins fail to meet three essential criteria for monetary systems: singleness, elasticity, and integrity. Despite concerns about their potential to undermine financial integrity and national sovereignty, the BIS acknowledges the transformative potential of tokenization in traditional finance.
DeFi Development Company, known as the 'MSTR of Solana', has filed a $1 billion shelf offering with the SEC, allowing them to issue new securities over time. The firm is pivoting towards Solana by holding and staking SOL tokens, mirroring strategies used by other crypto-focused companies.
Galaxy Trading offers institutions a platform to confidently engage with digital asset markets, providing reliable liquidity and customized strategies in areas such as spot, derivatives, and lending. Their services are designed to capitalize on the dynamic nature of the cryptocurrency market.
Joseph Chalom, a former managing director at BlackRock, has been appointed as co-CEO of SharpLink Gaming, Inc., a company focused on Ethereum treasury management. Chalom's expertise in digital assets is expected to enhance SharpLink's strategic direction in the crypto space.
US Treasury Secretary Bessent announced that the government will not purchase Bitcoin for a strategic reserve, stating instead that it will retain assets seized in crypto-related investigations. This decision comes amid a downturn in the cryptocurrency market.
The SEC is reportedly advancing a plan to allow blockchain-based stock trading, which could benefit platforms like Coinbase and Robinhood while raising concerns among traditional financial firms about potential market disruptions and compliance issues. Tokenized stocks would enable investors to purchase shares in the form of tokens, streamlining trade settlements but also introducing new risks. However, legacy financial players may challenge the SEC, delaying the implementation of this initiative.
Lido DAO has approved a dual governance system that allows stakers to delay or veto decisions made by LDO token holders. The proposal received strong support, surpassing the required quorum, and aims to enhance stakeholder involvement and prevent harmful actions within the protocol.
The U.S. Senate has moved closer to final approval of the GENIUS Act, which aims to regulate stablecoin issuers, passing a significant vote with bipartisan support. Concurrently, the House of Representatives is advancing the Digital Asset Market Clarity Act, establishing a framework for crypto market oversight. Both legislative efforts signify a major shift in U.S. crypto policy, addressing the need for regulation amidst growing market activity.
U.S. Senate Democrats are set to meet with leading crypto executives this week to discuss the stalled market structure legislation crucial for regulating the crypto sector. Despite initial optimism, the bill's progress has been hampered by contentious negotiations and political delays, prompting industry leaders to advocate for open communication and bipartisan support to advance the legislation.
U.S. spot Ethereum ETFs have surpassed $1 billion in daily net inflows for the first time since their launch, reflecting increasing investor confidence in Ethereum as a crucial element of mainstream crypto adoption. Since May, these ETFs have attracted over $8 billion, supported by strong regulatory conditions and significant traditional finance investments.
Pump.fun has surged to dominate the Solana memecoin launchpad market, increasing its share from 5% to 90% within two weeks, while competitor LetsBonk has seen a significant decline. The shift is attributed to token buybacks and the departure of top memecoin deployers from LetsBonk, prompting speculation about the future strategies of both platforms.
Arbitrum Foundation withdrew from the Nvidia-backed Ignition AI Accelerator after Nvidia requested not to be associated with crypto projects in public announcements. The Foundation labeled the decision as a sound business choice, emphasizing their commitment to partners that support blockchain innovation.
Clanker’s founder has declined an acquisition proposal from Rainbow for their Base token launchpad. Rainbow's CEO, Alex LaPrade, remarked that the decision is in the best interest of Clanker’s team and its holders. The article provides updates on the proposal and Rainbow's comments regarding the transaction.
Binance, Coinbase, and several other major crypto exchanges have joined TRM Labs' new Beacon Network, aimed at combating cryptocurrency-related crime. The initiative involves collaboration with law enforcement to monitor and flag suspicious activities in real-time, enhancing consumer protection in the crypto ecosystem.
Scammers have exploited users of CoinMarketCap, using a method called "Inferno Drainer" to drain funds from their crypto wallets. The fraudulent operation has raised concerns about the security of digital assets and the need for users to be vigilant against such threats.
Galaxy Digital has launched GalaxyOne, a unified platform allowing U.S. users to trade cryptocurrencies and stocks. The platform offers a high-yield savings account with an APY of 4%, and accredited investors can earn up to 8% APY on specific notes. Initially, users can trade bitcoin, ether, Solana, and Paxos Gold, with plans to expand the token offerings.
Polymarket, a crypto-based prediction markets platform, has received approval from the CFTC to operate in the United States. The ruling follows a no-action letter regarding swap data reporting and recordkeeping regulations, paving the way for Polymarket's entry after a prior federal investigation was dropped.
Coinbase is relaunching its Stablecoin Bootstrap Fund aimed at enhancing liquidity in the decentralized finance (DeFi) sector. This initiative is part of Coinbase's broader strategy to support the growth of DeFi and improve user experiences in the cryptocurrency ecosystem.
Hong Joon-pyo, a candidate in South Korea's presidential primary, has vowed to reform regulations on blockchain and cryptocurrencies, aiming to foster the industry akin to the Trump administration's approach in the U.S. He also plans significant investments in AI and other advanced technologies, emphasizing the need for friendlier policies towards crypto.
The U.S. SEC and CFTC announced that registered trading platforms can now facilitate the trading of certain spot crypto assets, marking a shift in regulatory stance and aiming to establish a clearer framework for the crypto market ahead of pending legislation. The agencies are encouraging market participants to engage with them to navigate this new opportunity, highlighting their commitment to support growth in the crypto sector.
The finance industry is facing a crisis of trust characterized by aggressive pricing and risk-taking, as exemplified by JP Morgan's decision to impose fees for open banking access. This move has sparked controversy amid a backdrop of high inflation and a multi-polar world, highlighting the tensions between traditional banks and fintech companies. The article discusses the implications of these developments, including a record IPO for a crypto-holding company, and raises questions about the future of financial regulation and consumer trust in the industry.
SEC Chair Paul Atkins has announced a shift towards a more friendly regulatory approach to cryptocurrency, moving away from the previous administration's stringent policies. He plans to utilize existing frameworks to create standards for digital assets and promote innovation while ensuring investor protection. Atkins emphasizes collaboration with lawmakers to develop supportive regulations for the crypto industry.
The article discusses the structural risks associated with liquidity in the cryptocurrency market, highlighting how market dynamics can lead to sudden price volatility and potential crises. It emphasizes the importance of understanding liquidity mechanisms and the need for robust frameworks to mitigate these risks in a rapidly evolving financial landscape.
The article discusses the complexities of maximal extractable value (MEV) in blockchain ecosystems and examines the challenges related to scaling while managing MEV. It highlights how the inherent properties of blockchain technology can limit scalability when attempting to mitigate MEV issues.
Google Wallet is integrating zero-knowledge proofs (ZK-proofs) as an identity solution, enhancing privacy without revealing underlying information. Although the system may not utilize blockchain technology directly, it reflects the crypto industry's advancements in ZK technology for practical applications. Upcoming features will allow users to leverage their digital ID for various services, including account recovery and health service access.
The TON Foundation has appointed Maximilian Crown, co-founder of MoonPay, as its new CEO amid a slowdown in the TON ecosystem's growth. Crown's experience in the crypto payments industry is expected to help revitalize the platform, which has seen significant user engagement and investment recently.
Mastercard is launching a comprehensive infrastructure to facilitate stablecoin transactions, partnering with companies like OKX and Nuvei to enable seamless spending for consumers and flexible acceptance for merchants. This initiative aims to overcome barriers to stablecoin adoption, enhance payment options, and simplify cross-border remittances through innovative technologies.
A new U.S. Justice Department memo indicates a significant policy shift that may offer relief to cryptocurrency firms by easing enforcement actions against them. This change, contrasting with the previous administration's strict approach, focuses on prosecuting harmful practices rather than regulating the industry broadly, prompting concerns about potential misconduct among crypto platforms.
Bitcoin transaction fees have surged to their highest levels in 2025, coinciding with BTC's challenge of the recent $106,000 price peak. This increase in fees highlights the growing demand for Bitcoin transactions amid fluctuating market conditions.
Eliza Labs has introduced auto.fun, a no-code launchpad for deploying AI agents that enables users to perform complex tasks without technical skills. The platform features a unique "fairer than fair" token model designed to ensure sustainable economics and long-term alignment between developers and users.
Ethereum's ether has surpassed the $4,000 mark, achieving a 29% increase in price year-to-date, slightly ahead of Bitcoin's 28% rise. Institutional demand has driven significant inflows into ETH-based funds, totaling over $9 billion since July 2024.
Jesse Pollak, head of Base at Coinbase, emphasized the need for non-USD stablecoins in the crypto ecosystem during a speech at Token2049 in Singapore. He argued that local currency-pegged stablecoins could enhance local utility and support a thriving creator economy through the Base App, which is currently in beta testing.
Global crypto investment products saw a significant rebound with $921 million in net inflows last week, driven by optimism over potential U.S. interest rate cuts. Bitcoin funds contributed most to the inflow with $931 million, while Ethereum experienced its first net outflows in five weeks, totaling $169 million.
Galaxy Digital is nearing a listing on NASDAQ as the cryptocurrency market sees a rebound in stock prices. The firm, which focuses on digital assets, is positioned to benefit from increased investor interest in crypto-related stocks. Analysts suggest this could signal a broader recovery in the crypto market.
Coinbase has urged the U.S. Department of Justice to establish uniform federal regulations for cryptocurrency, arguing that conflicting state laws hinder innovation and harm consumers. The plea comes amid a lawsuit filed by Oregon against Coinbase for unregistered securities, despite the SEC dropping its own case against the exchange.
The SEC has launched "Project Crypto" to modernize securities regulations and facilitate crypto-based trading, aligning with President Trump's vision of making the U.S. a leader in the crypto space. SEC Chair Paul Atkins emphasized the need to adapt rules to support on-chain technologies and prevent excessive regulation that could drive innovation offshore. This initiative follows a report from the President's Working Group on Digital Asset Markets that outlines strategies to enhance U.S. dominance in digital asset markets.
Ethereum treasuries held by 69 entities have surpassed 4 million ETH, valued at over $17 billion. Public companies own approximately 2.6 million ETH, while U.S. spot Ethereum exchange-traded funds hold about 6.7 million ETH, representing roughly 5.5% of the total ETH supply.
Figure Technology Solutions is aiming to raise approximately $526 million in its IPO, while Gemini seeks to secure up to $361 million. Both companies recently updated their IPO filings, highlighting the growing interest in the crypto IPO market.
Two federal investigations into the online prediction betting site Polymarket have concluded without any charges being filed, as confirmed by a source familiar with the matter. The investigations, conducted by the U.S. Justice Department and the Commodity Futures Trading Commission, looked into whether Polymarket was accepting bets from U.S. residents despite previous assurances not to do so. Polymarket's CEO, Shayne Coplan, has criticized the prior administration's actions against the company but has expressed gratitude towards the current administration for its support of crypto innovation.
Industry leaders discussed how AI integration and improved user experience are pivotal for the next phase of crypto wallet adoption during a recent panel. Innovations include simplifying onboarding processes and creating proactive wallet features that utilize natural language and automation, aiming to make wallets more intuitive and accessible for mainstream users.
VanEck has registered an entity in Delaware for a potential BNB ETF, which could mark the first of its kind in the United States. The filing follows previous instances of fraudulent registrations related to crypto ETFs, raising questions about its legitimacy. Despite the news, BNB's price has seen a decline of 1.51%.
Nasdaq is enhancing its scrutiny of publicly listed companies that are raising funds to acquire cryptocurrencies, requiring shareholder votes and increasing disclosure demands. This move comes in response to a surge in capital raises aimed at digital asset accumulation, with over $98 billion announced since January 2025.
Donald Trump's Truth Social has filed with the SEC to introduce a "Crypto Blue Chip" ETF, which will include major cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Solana (SOL), XRP, and Cronos (CRO). This move follows a partnership with Crypto.com and Yorkville America Digital to promote American-made digital asset ETFs, amid a shift towards a more crypto-friendly regulatory environment.
The U.S. House of Representatives has voted to advance the GENIUS bill, which aims to establish a regulatory framework for stablecoins, alongside the Digital Asset Market Clarity Act for broader crypto regulation. The vote came after a contentious procedural week, and the bills could be heading to President Trump's desk soon. No Democrats supported the measures, with concerns raised about potential overreach and privacy implications.
The article forecasts a robust crypto market in early 4Q25, driven by strong liquidity and favorable macro conditions, particularly for bitcoin. It challenges the belief in significant seasonal effects on crypto performance, particularly the "September effect," suggesting that historical trends lack statistical significance and may mislead investors.
The $OM token of the Layer 1 blockchain MANTRA experienced a dramatic price drop of over 90% within just 90 minutes, with the team attributing the collapse to "reckless liquidations" rather than any internal misconduct. Community lead Dustin McDaniel and co-founder John Patrick Mullin denied allegations of manipulation while addressing investor concerns following the sudden crash.
Google searches for memecoins indicate a renewed interest among retail investors, although the current level of enthusiasm is not as intense as the peak seen in January. The infrastructure supporting memecoins has improved, providing users with more options and strategies than before, despite the risks associated with previous speculative bubbles.
Crypto exchange activity is declining, with spot trading reaching its lowest levels relative to futures trading since mid-2024. Bitcoin and Ethereum have seen significant drops in their respective spot-to-futures trading ratios, indicating a shift towards more speculative trading. In contrast, Solana is experiencing a slight increase in exchange volume, marking a reversal from its previous trend.
The U.S. Department of Labor is reversing its previous warnings against including cryptocurrencies in retirement investments, arguing that it should not dictate which assets are deemed risky. This shift aligns with the Trump administration's broader embrace of digital assets and follows significant changes in the crypto market, where investments have seen substantial gains since the earlier caution was issued.
Sui-based tokens experienced significant price drops following a $223 million exploit of the Cetus Protocol, a leading decentralized exchange on the Sui blockchain. While some tokens plummeted over 90%, centralized exchange prices remained relatively stable initially. The Cetus team has paused their smart contract and is working with the Sui Foundation to recover the stolen funds.
Roger Ver is taking legal action against Spain to prevent his extradition to the United States, where he faces charges of tax evasion related to $48 million he owes to the IRS. He could face a prison sentence of up to 109 years due to undisclosed crypto asset sales from his companies, which he allegedly failed to report while living abroad.
Nexo, the crypto lender, is set to reenter the U.S. market nearly two years after halting its services due to regulatory issues surrounding its Earn Interest Product. Following a $45 million settlement with U.S. regulators, Nexo plans to offer crypto savings accounts and loans to both retail and institutional clients, coinciding with a potential easing of regulatory scrutiny under the current administration.
The SEC's recent ruling that certain liquid staking activities fall outside securities laws is seen as a significant development for institutional investors, allowing them to earn staking rewards while keeping access to their capital. This regulatory clarification is expected to encourage more institutional participation in the crypto space, particularly with Ethereum-based liquid staking protocols.
BlackRock representatives met with SEC staff to discuss the facilitation of exchange-traded products (ETPs) with staking capabilities and the approval standards for crypto ETFs. The SEC has recently shifted its regulatory approach, fostering discussions with various stakeholders, including BlackRock, to establish a supportive framework for digital assets.
Crypto industry groups are calling on the U.S. Securities and Exchange Commission (SEC) to provide clearer guidance regarding the regulatory status of staking. These organizations argue that uncertainties surrounding staking could hinder innovation and investment in the cryptocurrency sector. They emphasize the need for regulatory clarity to foster a more secure environment for both companies and consumers involved in staking activities.
The Senate is set to vote on the GENIUS Act, which aims to establish clear regulations for stablecoins, promoting the U.S. Dollar and enhancing financial innovation. The article critiques various public interest groups that oppose this legislation, arguing that their influence has hindered bipartisan progress on crypto regulation and misled the public about the benefits of stablecoins. It highlights the need for Congress to take decisive action amidst the noise from these advocacy groups.
Cantor has entered into a $3.6 billion venture deal in the cryptocurrency space with SoftBank and Tether, signaling a significant investment in the evolving digital asset market. This collaboration is expected to enhance Cantor's capabilities and presence in the crypto sector.
The belief that holding onto cryptocurrencies leads to long-term gains is challenged in this analysis, which argues that the crypto market primarily functions as a wealth extraction system. With a focus on empirical evidence, the article highlights the underperformance of altcoins compared to Bitcoin and explains why traditional investment strategies often fail in the crypto space.
Palmer Luckey, co-founder of Anduril, is launching a new crypto-focused bank to fill the gap left by the collapse of Silicon Valley Bank. Backed by tech billionaire Joe Lonsdale and Peter Thiel's Founders Fund, the bank aims to be a heavily regulated entity facilitating stablecoin transactions.
Polymarket achieved an all-time high in new market creation during April, despite a decrease in overall betting volume compared to earlier in the year. The surge in new markets is attributed to global geopolitical events and a shift towards a more concentrated user base among market creators.
Despite a recent surge in memecoin prices, retail interest in cryptocurrencies remains low, with search volumes for key terms like "memecoin," "bitcoin," and "ethereum" failing to rise. App rankings for crypto trading platforms have also stagnated, indicating that the current market rally is largely driven by crypto-native investors and institutions rather than retail participation.
Japan is reclassifying certain cryptocurrencies to align them with their legal framework, which may facilitate the approval of cryptocurrency exchange-traded funds (ETFs) in the country. Additionally, there is a proposed shift in tax regulations that could impact crypto investments, making the environment more favorable for both investors and companies in the crypto sector.
Changpeng 'CZ' Zhao, the former CEO of Binance, has been appointed as a strategic advisor to the Pakistan Crypto Council. His role focuses on enhancing crypto infrastructure, education, and adoption in Pakistan, aligning with the country's goal to strengthen its blockchain industry and attract international investments.
MEI Pharma has purchased 929,548 Litecoin tokens, amounting to $100 million, making it the first U.S.-listed company to adopt Litecoin as its primary treasury asset. The company cites Litecoin's reliability, low fees, and integration into major platforms as key factors in its decision, and hints at potential expansions into Litecoin mining and other initiatives.
Nikola Plecas has joined the TON Foundation to lead its global payments strategy, bringing extensive experience from his previous role at Visa Crypto. His appointment aims to enhance TON's mission of delivering decentralized services and accelerate its growth in the crypto space.
Senator Cynthia Lummis is advocating for a measure in a major budget bill that would exempt small-scale cryptocurrency transactions under $300 from U.S. taxes, aiming to simplify tax obligations for minor crypto activities. The proposed amendment also seeks to address tax treatment of mining, staking, and other crypto-related transactions, potentially alleviating burdens for users and aligning tax policy with actual income realization.
The emergence of Fintech 3.0 is paving the way for a new financial system built on blockchain technology, characterized by instant payments, digital asset control, and regulatory clarity following the GENIUS Act. With the success of stablecoins and the potential for tokenization of various assets, there is a significant opportunity for startups to innovate and build onchain solutions. YC and Coinbase Ventures are eager to support and fund projects that leverage this evolving infrastructure.
Ethereum's 10th anniversary prompts a reevaluation of the crypto landscape, highlighting the diverse nature of digital assets and the need for nuanced perspectives. While mainstream finance is increasingly engaging with crypto, the sector still grapples with significant risks, volatility, and regulatory challenges. Ultimately, both enthusiasts and skeptics must recognize the complexity of crypto’s role in the financial ecosystem.
The SEC has postponed its decisions regarding the listing and trading of crypto ETFs for XRP and Dogecoin, now set for June 15 and June 17, respectively. This delay comes amidst a trend of more favorable regulatory conditions for crypto assets under the SEC's new leadership.
Lee, the CEO of Haru Invest, was acquitted of fraud charges related to $650 million in losses for investors, as the court found no deliberate deception despite management neglect. The abrupt closure of withdrawals in 2023 was linked to the FTX bankruptcy, leading to a broader liquidity crisis. Other co-CEOs were also acquitted, while the COO received a prison sentence for embezzlement.
In a significant development for the cryptocurrency landscape, the U.S. House has passed three pivotal bills: the GENIUS Act, CLARITY Act, and Anti-CBDC Act. These legislative measures aim to establish clear regulatory frameworks for digital assets, addressing critical issues such as the classification of cryptocurrencies and the potential implementation of a digital dollar.
The article discusses the intersections between artificial intelligence and cryptocurrency, exploring how advancements in AI can impact the blockchain space and vice versa. It highlights various projects and innovations that illustrate the potential synergies between these two rapidly evolving fields.
Two suspects, including crypto investor John Woeltz, have been arrested in New York City for the kidnapping and torture of an Italian tourist, allegedly to extort access to his financial accounts. The victim escaped from confinement in a luxury apartment after enduring severe abuse, which authorities documented with evidence at the scene.
Donald Trump is set to host a gala for the top 220 holders of the $TRUMP memecoin at a D.C. golf club. The event will feature an exclusive reception for the top 15 holders, including a VIP White House tour, while the price of the memecoin has seen significant fluctuations recently.
U.S. CFTC Commissioner Kristen Johnson has announced her departure, leaving the agency with no sitting commissioners as it prepares for incoming chairman Brian Quintenz. Legal experts warn that the commission could face challenges if it operates with just one commissioner, raising concerns about its ability to effectively oversee the growing U.S. crypto market.
Arizona Governor Katie Hobbs has vetoed HB 2324, a bill that aimed to create a Bitcoin and Digital Assets Reserve Fund for managing crypto acquired through criminal forfeiture. This decision comes amid other legislative efforts in the state related to cryptocurrency, including a proposal to expand the definition of legal tender to include digital assets.
The perpetual trading decentralized exchange (DEX) Extended has officially launched on the Starknet mainnet, offering over 50 trading pairs and up to 100x leverage. The move from Ethereum to Starknet aims to leverage the network's scalability and performance benefits. However, the service is not available to users in the U.S.
Federal Reserve Governor Christopher Waller indicates a shift towards embracing cryptocurrency, suggesting the creation of a "skinny master account" aimed at payment innovators. This account would grant direct access to Federal Reserve payment systems while imposing limits on interest and overdraft privileges, facilitating services for entities currently reliant on third-party banks.
Hyperliquid is making significant strides in the decentralized derivatives market, achieving a volume ratio of 13.6% compared to Binance. The platform's growth is attributed to enhanced crosschain functionalities, enabling users to deposit assets across multiple chains, including Bitcoin. However, the sustainability of this momentum hinges on Hyperliquid's ability to scale and maintain its technical advantages.
Ripple has expanded its collaboration with BBVA, implementing its digital asset custody technology to enhance BBVA's crypto trading and custody services for retail customers in Spain. This agreement builds on their previous partnerships in Switzerland and Turkey, and follows BBVA's recent role as an independent custodian for Binance clients.
The popular Solana memecoin launchpad pump.fun and its founder Alon Cohen have had their accounts suspended on X, along with several other memecoin services, raising concerns about regulatory scrutiny and potential illegal activities. Despite the ban, the pump.fun platform remains operational, but it has faced criticism for being associated with scam cryptocurrencies and risky investment schemes.
OKX is launching its exchange and wallet services in the U.S. while establishing its regional headquarters in San Jose, California. This expansion follows a $500 million settlement with the Department of Justice over allegations of operating without a proper license for money transmission services.
Fidelity offers opportunities to build a career in the cryptocurrency sector, leveraging its long-standing history of fintech innovation. The company is actively hiring across various roles in digital assets and blockchain, emphasizing a culture of innovation and stability.
The European Central Bank expresses concerns that Donald Trump's support for cryptocurrencies may lead to financial contagion, threatening the European economy. The ECB fears that current regulations under the Markets in Crypto Assets (MiCA) may not be sufficient to mitigate risks associated with U.S. dollar-backed stablecoins, which could destabilize the Eurozone.
A new Trump-branded crypto wallet and trading app is set to launch, developed by Magic Eden in collaboration with a project called World Liberty Financial. Despite the promotion, Trump's sons have publicly denied any involvement with the wallet, while discussions around the president's controversial crypto dealings continue to rise.