Category: crypto

Iggy Azalea is being sued in the U.S. for allegedly misleading buyers of her MOTHER memecoin about its utility and business integrations. The lawsuit claims that promises of real-world use cases were not delivered, and market value dropped sharply. The lawsuit also questions claims about an online casino and mobile payment integrations.

Stablecore has been named as a preferred digital asset technology provider by the Tennessee Bankers Association, allowing member banks to access stablecoin, tokenized deposit, and crypto-backed lending infrastructure. This partnership will give Tennessee banks the ability to offer digital asset services within their existing banking systems, benefiting customers and helping banks adjust to new customer…

Strategy executive chairman Michael Saylor mentioned the possibility of selling some of the company’s Bitcoin holdings to fund dividend payments. This comes after Strategy reported a large first-quarter loss. The potential sale is seen as a way to reassure the market and show that the company, Bitcoin, and the industry are stable.

Brad Garlinghouse warns that the CLARITY Act may lose momentum if the Senate does not act within the next two weeks. A compromise on stablecoin yield has been reached, removing a key hurdle in the bill’s progress. The bill’s fate will determine whether it advances before the 2026 U.S. midterm elections.

Aave LLC filed a motion in New York to vacate a restraining notice on Arbitrum DAO, claiming stolen ETH should not be considered North Korea’s property. The notice seeks to block the transfer of Ethereum linked to an incident on April 18. Aave argues that the freeze could harm users and delay recovery efforts.

Prediction markets are becoming more attractive to institutional investors as they seek direct exposure to event risk. Kalshi’s first bespoke block trade, facilitated by Greenlight and Jump Trading, drew attention from institutions. While retail investors still dominate prediction markets, institutions are showing interest in using these markets to hedge against event risks. Regulations in the…

Haun Ventures has raised $1 billion in new funds to invest in startups focused on crypto, finance, and artificial intelligence. Katie Haun believes that AI agents will play a significant role in economic activity in the future. The firm will focus on areas such as crypto financial infrastructure, tokenization, and AI agents in the evolving…

K Wave Media has redirected $485 million from its Bitcoin treasury strategy into artificial intelligence infrastructure, leading to a 25% drop in shares. The restructuring includes debt reduction and a potential rebranding to “Talivar Technologies.” This move marks a shift away from Bitcoin towards AI infrastructure, following a trend among crypto-linked firms.

SC Ventures, the fintech investment arm of Standard Chartered, has made a strategic investment in GSR, making them GSR’s first external strategic shareholder since the firm launched in 2013. The partnership aims to focus on digital asset market infrastructure, tokenization, and institutional access, with GSR recently launching its Crypto Core3 ETF covering Bitcoin, Ethereum, Solana,…

Upbit has partnered with Optimism to create GIWA Chain, an Ethereum Layer 2 blockchain. This partnership allows Upbit to run its own infrastructure under the Self-Managed OP Enterprise tier, retaining control over sequencer operations. The network is expected to support Upbit’s blockchain-based financial services, with a focus on remittance systems.