Category: crypto

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.

Chainlink has expanded its Cross-Chain Interoperability Protocol (CCIP) to the Solana blockchain, enabling secure communication and data transfer between different blockchain networks. Solana now supports Chainlink’s Cross-Chain Token (CCT) Standard, connecting to various other blockchain networks and bridging protocols. This integration with Solana marks a significant milestone for CCIP, allowing assets to flow into Solana’s…

SEC Chairman Paul Atkins announced a new approach to digital assets, moving away from aggressive enforcement and towards collaboration with the industry. He plans to draft formal rule proposals for the crypto industry, allowing for federally regulated custody and trading of both securities and non-securities. This marks a shift towards transparency and innovation at the…

JPMorgan CEO Jamie Dimon plans to offer Bitcoin to customers despite past criticism of the digital asset. Dimon reiterated his skepticism of Bitcoin but acknowledged client demand. The bank does not plan to offer custody services. JPMorgan has increased its crypto exposure through ETFs, with $16.3 million in holdings as of March 31.