Category: crypto

MoonPay’s U.S. users can now buy TRX directly, allowing them to participate in TRON’s DeFi ecosystem. This partnership opens up new opportunities for engagement. The cover art/illustration for this news is provided by CryptoSlate and may contain AI-generated content.

Senate Democrats introduced the End Crypto Corruption Act, which aims to prevent elected officials from benefiting from cryptocurrencies. The timing targets President Trump’s involvement in the crypto sector, particularly his memecoin USD1. The bill also intersects with the GENIUS Act, a stablecoin regulatory framework, sparking debate over ethics and financial activities of officials.

Top crypto exchanges Binance and Coinbase will temporarily pause Ethereum deposits and withdrawals in preparation for the upcoming Pectra upgrade. Both exchanges will suspend ETH transfers as a precaution during the upgrade process. The Pectra upgrade integrates eight Ethereum Improvement Proposals, including account abstraction allowing users to pay gas fees using tokens other than ETH.

Changpeng Zhao, founder of Binance, has applied for a presidential pardon from the US government following media speculation. Reports suggested the request may be linked to a financial arrangement with the Trump family and cooperation against others in the crypto space, which Zhao denies. He praised Trump’s business negotiation style in a podcast interview.

Bitcoin markets are anticipating volatility as the Federal Open Market Committee meets. Economic indicators show contraction and inflation, putting the Fed in a tough position. Bitcoin’s response to Fed decisions has been significant. Analysts predict various outcomes for Bitcoin prices post-meeting, with factors like interest rates and institutional adoption influencing its trajectory.

Ethereum has successfully activated the Pectra upgrade on its mainnet, introducing changes that enhance user experience, increase data capacity, and simplify node operations. The upgrade, confirmed by Tim Beiko of the Ethereum Foundation, marks a significant milestone for the network. However, some security experts have raised concerns about potential vulnerabilities introduced by the upgrade.

The current quiet mempool and stagnant trading volume for Bitcoin may indicate a lack of momentum for a potential breakout above $100k. Research suggests that without sufficient buying pressure, the cryptocurrency may struggle to surpass this key price level in the near future.

Coinbase introduced x402, an open-source protocol for on-chain payments via HTTP, using the HTTP 402 status code for direct stablecoin payments. This allows autonomous agents and applications to pay for services without human intervention. x402 supports microtransactions, AI services, and real-time revenue collection, simplifying compliance and operational processes.

Bitwise CIO Matt Hougan warned that the digital asset market may face a turbulent summer without key crypto legislation from Congress. He expressed concern that without legal safeguards, recent gains in the industry could be fragile and that future administrations could reverse progress made by President Trump’s administration. Stablecoin legislation faced a setback in the…

Crypto venture capital firms are facing operational strain and consolidation, despite an increase in project-level fundraising. In the first quarter, crypto startups raised $5.85 billion, with fewer active funds deploying capital. The number of new crypto VC funds has declined, and many funds are struggling financially. This contraction is leading to a more concentrated and…