Category: crypto

World Liberty Financial is suing Tron founder Justin Sun for defamation, claiming he ran a media campaign against their token project after tokens linked to his entities were frozen. Sun had previously sued WLFI for freezing his tokens unfairly. The dispute includes claims of governance issues and public defamation.

Bitget’s CFD platform reached a record $8 billion in daily trading volume, primarily driven by gold-linked contracts. Chinese-speaking, European, and Southeast Asian traders contributed to the growth, with precious metals being the core engine behind the increase. Bitget’s multi-asset strategy and UEX model have attracted traders looking to diversify across asset classes.

Bitmine Immersion Technologies reported a total of 5,180,131 ETH holdings as of May 3, with an addition of 101,745 ETH last week. Staked ETH reached 4.36 million tokens, with a total value of $10.2 billion. Chairman Tom Lee mentioned ongoing ETH accumulation strategy and Ethereum’s role in tokenization. Ethereum Foundation sales to Bitmine added context…

SOL Strategies is acquiring privacy-focused cross-chain aggregator HoudiniSwap for $18M in cash, notes, and stock to enhance its Solana treasury and routing stack. The deal includes $8.25 million in cash, $5.75 million in notes, and $4 million in stock. HoudiniSwap generated $13 million in revenue last year and specializes in privacy-preserving cross-chain swaps.

Nasdaq-listed DeFi Development Corp has launched a $200M equity program to fund its Solana reserve strategy and aims to issue stock only when it boosts “SOL per share.” The company plans to accumulate SOL and increase its treasury holdings, with a target of one SOL per share by 2028.

A U.S. court has blocked Arbitrum DAO from moving 30,766 ETH linked to the Kelp DAO exploit. Lawyers representing terrorism victims argue the funds can be seized to satisfy judgments against North Korea. Despite a governance vote to transfer the funds, legal restraints now complicate the situation.

Coinbase has asked U.S. derivatives regulators to regulate prediction markets within existing rules. They argue that prediction markets fall under current regulatory authority and should be governed by a principles-based framework. Coinbase emphasized the importance of regulatory clarity for all users and called for federal clarity amid disputes at the state level.

Payward has acquired Bitnomial, giving Kraken the ability to launch crypto derivatives in the U.S. with three CFTC licenses. Kraken will start with spot margin trading, followed by perpetuals and options. The deal, valued at up to $550 million, provides a regulated pathway for offering derivatives through Kraken and NinjaTrader.

Stablecoins are expanding beyond basic price stability in the crypto market, serving wider payment and financial roles. Robert Hackett of a16z crypto suggests that the term “stablecoin” may need a new public identity to reflect this evolution, as the technology has moved past its original purpose of addressing volatility.

Morgan Stanley advises clients to hold 2%–4% Bitcoin exposure as demand for regulated crypto products rises. The bank’s head of digital asset strategy, Amy Oldenburg, mentioned that Bitcoin may one day appear on U.S. bank balance sheets, but regulatory hurdles remain. Morgan Stanley’s Bitcoin-backed exchange-traded product attracted over $100 million in self-directed demand. Additionally, the…