Category: crypto

The SEC filed a proposed settlement agreement with Ripple, CEO Brad Garlinghouse, and Executive Chairman Chris Larsen to resolve a civil enforcement action. The agreement includes a $50 million civil penalty and the release of a $125 million escrow. The settlement does not imply guilt, but aims to conclude the four-year legal battle.

Zerebro founder Jeffy Yu was found alive at his parents’ house in San Francisco, confirming suspicions that his “suicide” was staged. The hoax involved a fake obituary, a memecoin launch, and suspicious wallet activity. Yu claimed he staged his death to escape harassment and threats. Law enforcement has not commented on the matter.

Coinbase reported $2 billion in revenue for the first quarter, with a net income of $66 million. Adjusted EBITDA was $930 million, and subscription and service revenue increased by 9%. The exchange also processed $315 billion in institutional trading volume and added 39 new perpetual contracts. Stablecoins were a major growth segment for Coinbase, with…

Meta is considering using stablecoins for cross-border payments on its platforms, exploring the possibility with multiple crypto firms. This effort follows the failure of its 2019 attempt with Project Libra, now Diem, due to regulatory pressure. Ginger Baker is reportedly leading Meta’s new stablecoin venture amid renewed interest in stablecoins in the US.

Recent research indicates that there is a high level of institutional activity in Bitcoin exchanges, with very little selling by long-term holders. This suggests that institutions are actively buying and holding onto Bitcoin, potentially driving up demand and prices in the market.

The Ethereum Foundation distributed over $32 million in grants in the first quarter of 2025 through its Ecosystem Support Program, with 94 projects receiving funding. Grants focused on community, education, developer experience, and tooling, among other categories. CertiK received two grants for blockchain security projects. L2Beat, a Layer-2 data aggregator, also received a grant.

Bitcoin (BTC) surpassed $100,000 for the first time in over two months due to bullish sentiment, institutional adoption, and renewed confidence after a trade deal announcement. The wider crypto market also saw gains, with Ethereum (ETH) surpassing $2000. The trade deal between the US and UK boosted market sentiment and capital inflows into Bitcoin exchange-traded…

OpenAI has launched the OpenAI for Countries initiative as part of its Stargate project to help countries build artificial intelligence systems based on democratic values. The program aims to engage governments in shaping AI frameworks that prioritize transparency, accountability, and public interest, instead of authoritarian control. The initiative will provide countries with access to democratic…

The SEC is considering an exemption order that would allow firms to issue and trade securities using distributed ledger technology. SEC Commissioner Hester Peirce revealed the plan during a speech, explaining that the exemption aims to lower regulatory hurdles for firms interested in tokenized securities. Strict guidelines and safeguards would be in place to protect…

Emirates General Petroleum Corporation (Emarat) partners with Crypto.com to introduce crypto payments at fuel stations in Dubai, marking a first in the Middle East and North Africa. This initiative allows customers to pay for fuel using Bitcoin and other digital assets directly at the pump. The UAE continues to advance as a global leader in…