Category: crypto

Changpeng Zhao, former CEO of Binance, denies allegations in a Wall Street Journal article that he acted as a “fixer” for World Liberty Financial, a DeFi venture linked to the Trump family. Zhao refuted claims of arranging introductions for the company and accused the publication of distorting facts. He criticized WSJ for misleading reporting and…

US President Donald Trump hosted a crypto dinner for top TRUMP memecoin holders on May 22, attended by crypto elites and public figures globally. TRON founder Justin Sun had the highest stake. Despite the event’s success, TRUMP token prices dropped post-dinner, with some attendees selling off their holdings. Critics called the event corrupt.

Strategy is raising $2.1 billion through the sale of Series A Perpetual Strife Preferred Stock (STRF) under an ATM program. The funds will be used for Bitcoin acquisitions and other initiatives. The stock is managed by TD Securities, Barclays Capital, and The Benchmark Company, offering a 10% yield and attracting conservative fixed-income capital into Bitcoin.

Kraken is introducing a new product called xStocks, allowing users outside the US to trade tokenized versions of major American stocks and ETFs 24/7. The product will tokenize popular US-listed assets on the Solana network. Kraken aims to offer faster, cheaper, and more inclusive access to US equities, democratizing access to US markets.

The XRP Ledger added three stablecoins, EURØP, USDB, and XSGD, to its ecosystem this week. These tokens are backed by fiat currencies and strengthen XRPL’s role in the stablecoin market. XRPL is becoming a top choice for stablecoin issuers and institutional players due to its features like low fees, fast transaction speeds, scalability, and regulatory…

Volatility Shares introduced the first US-based ETFs linked to XRP futures, listed on Nasdaq as XRPI and XRPT. XRPI offers one-to-one exposure to XRP’s daily performance, while XRPT aims for double the movement. These ETFs allow trading XRP without managing wallets. CME Group’s XRP futures trading volume exceeded $15.6 million.

The UK Court of Appeals dismissed a challenge seeking £9 billion in damages from Binance and other exchanges over the delisting of Bitcoin Satoshi Vision. The court ruled that investors should have mitigated losses by selling their holdings and rejected speculative damages claims. The lawsuit continues for other investor subgroups.

Active loans in decentralized lending applications reached a record $23.723 billion on May 21, while the DeFi ecosystem’s total value locked (TVL) is 6.4% below its January 31 level due to proposed import tariffs. The surge in loans since April indicates growing demand for leverage among traders, impacting TVL calculations.

Turnkey, a wallet infrastructure provider, announced full compatibility with the TRON blockchain, allowing fintech and payment providers to confidently build on TRON. The integration offers secure authentication flows and transaction automation. TRON DAO, a community-governed organization, supports the decentralization of the internet via blockchain technology.

Memecoin trading on Solana is following Bitcoin’s recovery, with daily trading volume up 46% in May. Memecoins accounted for 64.6% of all monthly trading volume on Solana, reaching $58.7 billion by May 21. Despite volume growth, investor confidence remains low after a major insider trading incident.