Category: crypto

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.

Sentora, a new institutional DeFi platform, has launched with $25 million in Series A funding, merging IntoTheBlock and Trident Digital. The platform offers full-stack solutions, including yield strategies and risk dashboards, with a focus on compliance. As DeFi grows, Sentora aims to provide regulated access for institutions amid changing regulations and market trends.

Bitcoin Core’s plan to remove the OP_RETURN limit has caused division in the ecosystem. The change will lift the 80-byte ceiling on transaction-embedded data, seen as a modernization response to network practices. Developers argue the limit is outdated and ineffective, but critics fear it undermines Bitcoin’s minimalist ethos. The removal aligns with real-world conditions and…

OpenAI is pivoting back to its nonprofit roots and turning its for-profit unit into a Public Benefit Corporation (PBC) to focus on developing artificial general intelligence (AGI) in the public interest. This decision follows legal tensions with co-founder Elon Musk, who had accused the organization of drifting from its original mission.

Florida has withdrawn bills that would establish a Strategic Bitcoin Reserve, joining other states in slowing momentum for such initiatives. Despite bipartisan support, the bills stalled early in the legislative process. Efforts for a national Bitcoin reserve continue at the federal level, but some experts doubt its feasibility due to fiscal concerns.

According to Financial Times analysis, traders made $100 million from Melania Trump’s MELANIA token shortly after its release. Insider trading allegations arose as digital wallets bought tokens before the official announcement, leading to quick profits. The token’s launch followed Donald Trump’s TRUMP coin, with similar pre-announcement activity. Regulatory concerns and volatility in politically connected tokens…

The Web3 community is working to reclaim TUSD assets taken advantage of in a digital asset breach due to regulatory loopholes. A CryptoSlate cover art/illustration shows combined content, potentially including AI-generated elements.

Ripple has pledged $25 million in RLUSD stablecoin to support US education through nonprofit organizations DonorsChoose and Teach For America. The contribution aims to fund classroom projects, provide essential resources, and support teachers in underserved communities. This initiative reflects Ripple’s commitment to social impact and the growing utility of digital assets in charitable giving.

On May 5, House Financial Services and Agriculture Committee leaders released a discussion draft for a federal crypto framework in the US. The bill aims to regulate the industry by coordinating regulatory responsibilities between the SEC and the CFTC, introducing definitions for key terms, and setting registration pathways for digital asset entities. The draft also…

Israeli-Russian national Alexander Gurevich was arrested in Israel while trying to flee under a false identity. He faces extradition to the US for a major crypto hack that caused nearly $190 million in damages. Gurevich allegedly stole millions in digital assets and attempted to extort a reward. He could face up to 20 years in…