Category: crypto

VanEck has received regulatory approval for its new Onchain Economy ETF, an actively managed fund providing broad exposure to companies in the digital asset ecosystem. The ETF will launch on May 14 under the ticker NODE, investing in equities tied to the crypto industry and potentially allocating up to 25% of assets to crypto-linked products.…

Short-term holders are experiencing a sharp decline in profitability, dropping to only 2% due to fears surrounding tariffs. This has caused concern among investors and traders as they navigate the volatile market conditions.

World Liberty Financial (WLFI), a DeFi project associated with US President Donald Trump, has received a $25 million investment from DWF Labs for international expansion. DWF Labs plans to support WLFI’s upcoming stablecoin USD1 and increase digital asset utility globally. Bilal Bin Saqib has joined WLFI as a strategic advisor to help expand into emerging…

Russia’s Finance Ministry is considering creating domestic stablecoins after access to Tether’s USDT was restricted for wallets linked to the sanctioned Russian exchange Garantex. This move comes as stablecoins have become essential for crypto investors, with Russia exploring alternatives to USDT due to regulatory restrictions and a desire for financial autonomy.

Bybit, a crypto exchange, will discontinue several Web3 products and services by the end of May as part of a shift in operational focus. Users must transfer assets from Cloud and Keyless wallets by May 31. Other services like DEX Pro and NFT Marketplace will also be shut down. Some services, like Airdrop Arcade and…

Oklahoma has exited the race to establish a Strategic Bitcoin Reserve after a key bill failed in the State Senate. Despite earlier momentum in the House of Representatives, the bill was struck down. Currently, 21 states are still exploring Bitcoin reserves, with discussions about federal funding options underway.

Phishing scams targeting crypto users are becoming more advanced, with attackers exploiting Google’s infrastructure to conduct convincing attacks. Cybercriminals are using a loophole in Google’s ecosystem to send phishing emails that appear as genuine security alerts. Google has not addressed the issue, prompting concerns about the security of crypto wallets.

China is considering implementing a nationwide policy to regulate the handling of cryptocurrencies seized from criminal activities. The absence of clear guidelines has led to varying disposal practices across regions, sparking concerns about misuse and corruption. Chinese local governments have been divesting crypto assets, but the growing scale of related crimes is prompting a rethink.…

OKX has relaunched its operations in the US with a new trading platform and leadership team. The exchange has implemented a compliance framework, including KYC procedures and fraud detection systems. It has set up a new headquarters in California and plans to gradually onboard users with a focus on regulatory compliance and security.

S&P 500 futures dropped 1.6% due to uncertainty in U.S. trade policy with China, with tariffs reaching 245%. Bitcoin underperformed as other assets like gold and bonds rose. Market reactions reflect U.S.-China tensions impacting capital allocation decisions. Nvidia’s export restrictions on semiconductor technology added to market uncertainty. Bitcoin’s response to global macro catalysts is being…