Category: crypto

Andrew Cuomo has been appointed to co-chair a tokenization venture by OKX and Intercontinental Exchange, giving users access to ICE futures and NYSE-linked digital equities. The market for tokenized assets is projected to grow to $8.2 trillion by 2030. Cuomo’s return to the crypto spotlight follows his 2025 mayoral election defeat.

Crypto-backed political action committees, including Fairshake affiliates, have spent over $8 million supporting candidates in congressional primary races in Maryland, New York, and Utah. Protect Progress, a Fairshake affiliate, directed most spending towards Adrian Boafo and Ritchie Torres. Future spending is expected in Colorado and Arizona based on past patterns.

Franklin Templeton has acquired 250 Digital, launching a new division called Franklin Crypto to expand its cryptocurrency investment strategies. The acquisition adds $2.5 billion in tokenized assets to their platform. This move allows institutional investors access to actively managed crypto strategies and various crypto-related products across the business.

Bitmine has purchased 52,203 ETH worth $90 million, now holding 4.7% of Ethereum’s total supply. Despite market challenges, Tom Lee remains close to the 5% ETH ownership target. Staked ETH has increased revenue to $223 million annually, potentially reaching $268 million. Bitmine’s latest balance sheet includes $10.7 billion in crypto assets.

Ethlabs is a new research organization in the Ethereum ecosystem, backed by Joe Lubin, Bitmine, Sharplink, and other contributors. Five former Ethereum Foundation researchers have joined to focus on core protocol research, including scaling, interoperability, and infrastructure. The organization aims to support institutional adoption of Ethereum through independent technical research.

President Trump signed two executive orders to advance U.S. quantum computing and address potential security risks from future quantum machines. The orders aim to strengthen American leadership in quantum technologies, with measures to assess the impact on encryption and develop strategies to protect blockchain networks from quantum threats.

Strive has purchased 759 Bitcoin for around $50 million, increasing their holdings to 19,864 BTC. This surpasses Strategy’s latest BTC purchase. The company continues to expand its Bitcoin treasury towards a planned $4.2 billion deployment. The purchases are funded through the SATA preferred stock program.

Taiko advised users to withdraw funds from its network’s bridges due to a compromise in its chain state verification mechanism. Blockaid discovered flaws in the source-signal proof checks that allowed unauthorized releases from Taiko’s ERC20 Vault on Ethereum. The project has stopped block production and asked exchanges to suspend TAIKO deposits.

Altura is winding down its stablecoin yield vault due to a surge in withdrawal requests after Main Street’s MSUSD depeg. The protocol processed over 8.5 million USDT in redemptions before closing the vault. The team is working to return capital in a fair and efficient manner, unwinding positions across the portfolio.

A Nikkei investigation found that a Chinese network suspected of exporting fentanyl precursor chemicals was also involved in a large crypto fraud scheme operating through Japan. The scheme used Japanese domains and a fake token to deceive crypto users worldwide, resulting in losses of over $1 million. The network was linked to entities under U.S.…