Category: crypto

The Senate GENIUS Act bill, aimed at regulating stablecoins, is facing opposition from Democrats, potentially hindering broader crypto legislation in 2025. The bill, supported by bipartisan momentum, addresses issues like anti-money laundering and national security protections. Failure to pass could lead to regulatory uncertainty in the US cryptocurrency market.

VanEck filed for a BNB exchange-traded fund (ETF) with the SEC, the first attempt to bring a spot BNB ETF to the US market. The fund aims to reflect the price of BNB, hold actual tokens in custody, and potentially participate in staking. Shares will be issued and redeemed in large blocks to authorized firms.…

Ripple’s XRP trading volume remained strong in the first quarter, averaging $3.2 billion daily on top-tier exchanges. Despite a decrease in XRPL activity, XRP saw intermittent volume spikes, with Binance leading in market share. Trading behavior favored stablecoin pairs, and XRP outperformed other altcoins in volume and price performance. On-chain metrics declined, but DeFi activity…

President Donald Trump will host a private dinner on May 22 at Trump National Golf Club in Washington for the top 220 holders of his memecoin, TRUMP. The event will include VIP access for the top 25 wallets, a commemorative NFT, and is organized by Fight Fight Fight LLC. Market volatility and insider activity have…

The Maldives has signed an $8.8 billion agreement to build a blockchain-first financial hub, aiming to become a global destination for digital assets. The project, financed by MBS Global Investments, will create a tax-free zone in the capital, Malé, generating thousands of jobs. However, questions remain about regulatory readiness and the country’s debt vulnerability.

Ethereum co-founder Vitalik Buterin emphasized the importance of reliable proof systems before transitioning Layer-2 networks to full decentralization. He highlighted the need for technical safeguards to prevent unnecessary risks and suggested using a “Stage 2-BattleTested” label for solutions that have undergone rigorous testing. Buterin also proposed using multisig setups to reduce the risk of protocol…

Binance founder Changpeng Zhao suggests Kyrgyzstan consider Bitcoin and BNB for its National Crypto Reserve. He visited at the invitation of President Sadyr Japarov to discuss blockchain technology’s potential in the country’s economic strategy. A partnership with Binance aims to promote crypto payments and education, with plans to launch a gold-backed stablecoin USDKG in 2025.

Digital asset investment products saw $2 billion in inflows last week, reaching $5.6 billion year-to-date, as reported by CoinShares. Bitcoin attracted the most inflows at $1.8 billion, while Ethereum pulled in $149 million. Inflows have reversed the trend seen earlier this year, with growing confidence in the market and increased demand for crypto-related products.

The Solana Foundation patched a critical vulnerability in its Token-2022 standard in April, preventing potential token minting and fund withdrawal attacks. The flaw was fixed within two days with support from development teams and security firms. The bug affected the confidential transfers feature, causing a slight drop in token value. Critics questioned Solana’s decision to…

Litecoin’s native token, LTC, has gained over 4% to reach $89 amid speculation of a potential approval of a spot Litecoin exchange-traded fund (ETF) by the SEC. Market analysts believe Litecoin has a better chance of early approval compared to other altcoin-based ETF proposals. The final decision is expected by May 5.