Category: crypto

Tron founder Justin Sun confirmed his attendance at a gala dinner for top TRUMP memecoin holders hosted by US President Donald Trump. Sun expressed gratitude for the invitation and revealed he was the top holder of TRUMP tokens. His presence in the US has raised speculation about his alignment with Trump-affiliated crypto initiatives.

Bitcoin briefly rose to $106,300 before being pushed back under $106,000, a level that has capped every advance in 2025. The latest test came after Moody’s cut the US sovereign rating to Aa1, sparking a brief bid for Bitcoin. Market sentiment remains mixed, with analysts cautioning about correlation with the Nasdaq. JPMorgan’s decision to allow…

The US Senate has moved the GENIUS Act closer to becoming law with bipartisan support. The bill faced initial opposition but was revised to address consumer rights and transparency concerns. Some lawmakers, like Senator Elizabeth Warren, remain skeptical. Proponents believe the bill will strengthen the US dollar and boost innovation in the digital asset sector.

The US Senate is set to vote on the GENIUS Act, which aims to regulate stablecoins. The bill has faced delays and opposition due to concerns about loopholes for political figures and tech companies. Supporters argue it would strengthen the US dollar, while opponents raise concerns about security risks and insufficient consumer protections.

The US Department of Justice is investigating the recent data breach at Coinbase. Attackers infiltrated the exchange by bribing employees in India, compromising customer data. Coinbase refused to pay a $20 million ransom, instead offering a reward for information on the perpetrators. Remediation costs could range from $180 million to $400 million.

TRON DAO announced that the total supply of Tether on the TRON blockchain has exceeded $75 billion, making it the leading network for USDT. TRON supports over 8.3 million daily transactions and has surpassed 306 million user accounts. The growth reflects rising global demand for stable digital infrastructure.

The SEC is delaying the approval process for spot Solana exchange-traded funds due to concerns about market manipulation and investor protection. Both Bitwise and 21Shares’ proposals have been delayed at least once. Despite optimism for approval, investors may have to wait until late 2025 for clarity on Solana ETFs.

XRP futures contracts have started trading on CME Group’s platform, with over $15.6 million in trading volume. The contracts are cash-settled and benchmarked to the CME CF XRP-Dollar Reference Rate. This move is seen as a step towards a potential spot XRP ETF approval by the SEC, with eight XRP-related spot ETFs awaiting approval.

Cardano founder Charles Hoskinson responded to allegations of misappropriating 318 million ADA from unredeemed pre-sale wallets, calling it a personal and damaging situation. He plans to hand control of his social media account to a media team and scale back direct engagement following an external audit. The Cardano Foundation and Emurgo also addressed the governance…

Two major corporate Bitcoin holders, Strategy and Metaplanet, have significantly increased their crypto treasuries by acquiring a total of 8,394 BTC worth nearly $870 million. Strategy now holds 576,230 BTC, while Metaplanet has accumulated 7,800 BTC. Both companies continue to show strong confidence in Bitcoin’s long-term value despite investor backlash and legal challenges.