Category: crypto

Coinbase introduced x402, an open-source protocol for on-chain payments via HTTP, using the HTTP 402 status code for direct stablecoin payments. This allows autonomous agents and applications to pay for services without human intervention. x402 supports microtransactions, AI services, and real-time revenue collection, simplifying compliance and operational processes.

Bitwise CIO Matt Hougan warned that the digital asset market may face a turbulent summer without key crypto legislation from Congress. He expressed concern that without legal safeguards, recent gains in the industry could be fragile and that future administrations could reverse progress made by President Trump’s administration. Stablecoin legislation faced a setback in the…

Crypto venture capital firms are facing operational strain and consolidation, despite an increase in project-level fundraising. In the first quarter, crypto startups raised $5.85 billion, with fewer active funds deploying capital. The number of new crypto VC funds has declined, and many funds are struggling financially. This contraction is leading to a more concentrated and…

Defiance ETFs has filed for approval for four new ETFs, including ones that involve long Bitcoin and short Ethereum positions. The funds use derivatives to track the performance of assets against each other. They aim to take advantage of price differentials and are actively managed. The strategy involves high portfolio turnover and leverage, with potential…

BlackRock’s iShares Bitcoin Trust (IBIT) has received more capital this year than the largest gold-backed ETF. Despite gold reaching an all-time high, IBIT has attracted over $6.9 billion since January, outperforming SPDR Gold Shares. This strong performance signals confidence in Bitcoin ETFs and attracts a more diverse and institutional audience.

New Hampshire has enacted the first state-level Strategic Bitcoin Reserve law, allowing the state treasurer to allocate funds to Bitcoin and select digital assets. The law aims to formalize Bitcoin as a financial reserve asset for state governments. Other states are considering similar legislation, with Arizona potentially being the next to pass a Strategic Bitcoin…

Jeffy Yu, co-founder of the AI Agent crypto project Zerebro, allegedly died by suicide during a livestream on May 4. The circumstances surrounding his death are unclear, with conflicting reports and speculation online. Yu was a computer science prodigy known for launching Zerebro, which reached an $800 million market cap.

CryptoSlate’s market report examines Trump’s first 100 days in office, focusing on changes to the SEC, reversal of crypto regulations, and concerns about inflation. The report is available only through Tariffs, Bitcoin, and rule reversals.

KuCoin denies claims of losing 77% of Bitcoin reserves since 2023, calling circulating figures misleading. Allegations stem from Onchain School report citing CryptoQuant data showing a drop from 18,300 BTC to 4,100 BTC. KuCoin attributes decline to KYC rules, denies findings, and releases proof-of-reserve showing 106% Bitcoin reserve ratio.

Bankrupt FTX missed out on nearly half a billion dollars in potential profit from liquidating its early stake in Anysphere, creator of Cursor AI. The company’s valuation has surged to $9 billion, from $2.5 billion in January. FTX also sold undervalued assets like SUI blockchain contracts, missing out on billions in returns.