Category: crypto

President Trump has vowed to intensify military operations against Iran over the next two to three weeks, targeting critical infrastructure. Iran threatens retaliation, denying ceasefire talks. The ongoing war in the Persian Gulf has led to a spike in oil prices. Major cryptocurrencies have fallen in response to the escalating tensions.

The U.S. Treasury has proposed rules under the GENIUS Act for state oversight of stablecoins, with a 60-day public comment period. Issuers with less than $10 billion in circulation may be supervised by states if they meet federal standards. Compliance with anti-money laundering and sanctions rules is mandatory. Discussions are ongoing about aligning the GENIUS…

Li Xiong, a key figure associated with the Huione network, has been extradited to China from Cambodia to face charges of fraud and money laundering. Despite previous U.S. enforcement actions, the network, linked to a large illicit marketplace, has continued to operate through new domains and active Telegram channels.

Former FTX head of engineering Nishad Singh agreed to pay a $3.7 million fine to resolve his case with the US commodities regulator. The settlement includes a five-year trading ban, an eight-year registration ban, and no additional penalties due to his cooperation. Singh was accused of misappropriating funds during FTX’s collapse.

Alabama has granted legal status to decentralized autonomous organizations under the DUNA Act, becoming the second state in the US to do so after Wyoming. The law provides legal recognition and limited liability protections for DAOs, allowing them to operate and hold assets within a defined legal framework.

Paradigm is developing a professional-grade prediction market terminal for institutional traders and market makers. They are also considering launching an internal market-making unit and an index product similar to the S&P 500. The firm led a $1 billion round valuing Kalshi at $11 billion, with its valuation rising to $22 billion due to surging volumes.

Deepcoin has partnered with Polymarket to offer synchronized “Event Contracts” on its centralized exchange, allowing users to trade real-world events with CEX tooling. This integration provides real-time quotes, shared liquidity, and unified clearing. Deepcoin plans to refine the product for a more professional event trading experience. This move opens CEX rails into a traditionally DeFi-dominated…

Ripple has introduced Digital Asset Accounts and Unified Treasury, allowing businesses to manage fiat, RLUSD, XRP, and other tokens within existing treasury systems. This move targets the growing demand for on-chain cash and stablecoins in corporate finance. The platform integrates crypto into traditional treasury workflows, offering a comprehensive fund-management solution for enterprises.

eToro has obtained a New York BitLicense and money transmission license, allowing residents of New York to trade cryptocurrencies on its platform. This expands its US coverage to 48 states after settling with the SEC in 2024. The company sees this as a strategic milestone in its US expansion.

SpaceX has filed confidential IPO papers with the SEC, targeting a valuation above $1.75 trillion and a June 2026 listing, potentially raising up to $75 billion. This comes after a $1.25 trillion valuation following the acquisition of Elon Musk’s xAI, making it the world’s most valuable private company ahead of its IPO debut.