Category: crypto

The RAVE token saw a significant increase in value from $0.25 to nearly $28, followed by an 80% crash. Binance and Bitget investigated claims of insider control and unusual trading patterns. RaveDAO denied involvement and plans to sell tokens for funding. The crypto market raised concerns about the token’s rapid rise and fall.

Kelp, a liquid restaking platform, experienced a cyber attack on its rsETH token operations, resulting in a $293 million loss. The attacker targeted the rsETH bridge contract and used Tornado Cash to obscure the movement of stolen funds. DeFi platforms froze rsETH activity to prevent contagion risk, highlighting security concerns in the crypto sector.

US Senator Elizabeth Warren expressed concerns about statements made by SEC Chair Paul Atkins regarding enforcement activity. After data showed a drop in enforcement actions, Warren questioned whether Atkins misled Congress about the levels of enforcement activity. She requested clarification from Atkins by April 28, raising questions about the accuracy of his earlier testimony.

A US federal judge dismissed a class-action lawsuit related to a memecoin promoted by Caitlyn Jenner, ruling that it did not meet the legal standard to be classified as a security under US law. The lawsuit claimed financial losses, but failed to prove structured financial returns tied to the token.

Charles Schwab is considering entering prediction markets as part of its product review. The company is exploring offering such services in the future but will avoid sports, politics, and entertainment-related betting products. Citadel Securities is also monitoring prediction markets but notes low liquidity limits current participation plans. Both firms see potential in event contracts for…

Strategy Inc. is proposing a change to the dividend schedule of its STRC preferred stock, suggesting a shift from monthly to twice per month payments. The proposed adjustment aims to enhance liquidity, market efficiency, and price stability. Shareholders will vote on the change at the annual meeting on June 8.

Supreme Court Justices Alito and Thomas will not retire this year, ending speculation of Trump appointing a fourth justice before the midterms. This decision removes a potential confirmation battle and maintains the court’s conservative majority. Trump is prepared to name replacements if vacancies arise. Their stay impacts the court’s balance and legislative priorities.

Circle launched CPN Managed Payments, a stablecoin settlement solution for banks, payment service providers, and fintechs, managing digital assets and blockchain operations. USDC has settled over $70 trillion since inception. The platform simplifies stablecoin adoption, offering compliance, issuance, and liquidity management. The launch coincided with stablecoin regulation discussions.

BitGo announced that AndX USA LLC has launched its US crypto exchange in partnership with BitGo’s Crypto-as-a-Service infrastructure, allowing for nationwide operations in all 50 states under an OCC-regulated custody framework with $250 million in insurance coverage. AndX is a New York-based platform focusing on AI-driven trading tools and global payment capabilities.

Stanford’s 2026 AI Index reveals a significant decrease in the performance gap between US and Chinese AI models, with the US now leading by just 2.7%. Despite this, the US maintains an advantage in investment, infrastructure, and model production, while China excels in AI publications, patents, and industrial robots. The report also highlights a decline…