Category: crypto

World Liberty Financial, owned by the Trump family, approved a community proposal to airdrop its USD1 stablecoin to eligible token holders. The governance vote received near-unanimous support, with whales dominating voting power. The project has faced criticism for its political connections and investor profile, with concerns about potential risks to the US financial system.

The SEC issued new guidance on digital assets, clarifying securities laws for broker-dealers and transfer agents. Chainlink praised the update, highlighting benefits for financial institutions. Closed-door meetings between Chainlink and the SEC helped shape the guidance. The update allows for core fund operations on-chain and positions Chainlink as a key player in compliant on-chain finance.

Sora Ventures will enter public markets through a partnership with Top Win International Limited. Founder Jason Fang will become Co-CEO of the rebranded firm “AsiaStrategy,” focused on digital assets. TopWin plans to leverage Sora’s expertise in Bitcoin integration to lead investment initiatives in Asia. The move aligns with Asia’s growing interest in digital assets.

FTX Recovery Trust will distribute over $5 billion to creditors on May 30 as part of the Chapter 11 Plan of Reorganization. Eligible claimants in Convenience and Non-Convenience Classes will receive funds through BitGo and Kraken. This marks the second payment round since FTX entered bankruptcy proceedings, with future payment dates to be disclosed.

Institutional adoption of stablecoins has surged due to technical readiness, reduced regulatory barriers, and growing demand for faster cross-border settlements. 86% of surveyed firms are now prepared for stablecoin integration, with 49% actively using stablecoins for payments. Barriers to adoption have decreased, with compliance and regulatory concerns lessening. The focus has shifted from pilots to…

Abu Dhabi’s sovereign wealth fund Mubadala increased its Bitcoin exposure by purchasing 491,000 shares of BlackRock’s iShares Bitcoin Trust. The fund now holds 8,726,972 shares worth over $512 million. In contrast, the State of Wisconsin Investment Board liquidated its Bitcoin ETF holdings, reflecting different strategies in response to crypto volatility.

The US Department of Justice is continuing federal criminal charges against Tornado Cash developer Roman Storm, including money laundering and sanctions evasion. Despite a potential shift in handling crypto cases, Storm’s trial is set to begin soon. The DOJ’s decision highlights a tension between law enforcement and developers of decentralized software.

The Central Bank of Russia has ranked Bitcoin as the most profitable investment in the past year, with a 38% return, outperforming gold, stocks, and bonds. Despite short-term volatility, Bitcoin has shown a cumulative return of 121.3% since 2022, leading to its evolution from a speculative asset to a potential cornerstone in global financial portfolios.…

In the first significant rally of 2025, the ETH-BTC pairing has rebounded by 38% from its low in April. This marks a positive turn for the cryptocurrency market and shows potential for further growth in the future.

Alliance DAO contributor Qiao Wang exposed a social engineering scam targeting Coinbase users following a data breach. Scammers impersonated Coinbase staff, obtained personal data, and tricked users into transferring assets. Coinbase disclosed the breach, terminated insiders involved, and is offering a $20 million reward for information leading to the perpetrators’ arrest. Remediation costs could reach…