Category: crypto

Coinbase-backed Layer-2 network Base faced backlash for promoting a “Content Coin” that lost most of its value after launch. The token was shared on Zora, attracting attention despite disclaimers. Suspicious trading behavior and manipulation were flagged. Base defended the concept as a way to tokenize creative works, but critics remained skeptical.

Binance is advising governments on setting up Bitcoin reserves and creating clear crypto regulations. CEO Richard Teng stated that multiple countries have sought Binance’s expertise in navigating crypto initiatives. The interest in Bitcoin stems from its neutrality, appealing to nations amidst global tensions. Binance is shifting to a compliance-first approach.

Federal Reserve Chair Jerome Powell emphasized the need for a regulatory framework for stablecoins during a speech at The Economic Club of Chicago. He stated that Congress is revisiting efforts to legislate stablecoin regulations and that the Fed is open to relaxing some guidance for banks engaging with crypto, while ensuring safety and soundness. Powell’s…

Family offices and professional investors are showing a stronger preference for spot Ethereum ETPs over Bitcoin ETPs. Family offices allocate nearly five times more to Ethereum, highlighting institutional differences. Hedge funds dominate Bitcoin ETP AUM, while Ethereum ownership is more evenly distributed. Different institutions hold top positions in Bitcoin and Ethereum ETPs.

Panama City is set to accept Bitcoin, Ethereum, and stablecoins for public service payments, becoming a pioneer in crypto adoption in the region. The initiative, announced by Mayor Mayer Mizrachi Matalon, involves partnering with a local bank to convert crypto payments into US dollars to comply with national legal requirements. This move could influence the…

VanEck has received regulatory approval for its new Onchain Economy ETF, an actively managed fund providing broad exposure to companies in the digital asset ecosystem. The ETF will launch on May 14 under the ticker NODE, investing in equities tied to the crypto industry and potentially allocating up to 25% of assets to crypto-linked products.…

Short-term holders are experiencing a sharp decline in profitability, dropping to only 2% due to fears surrounding tariffs. This has caused concern among investors and traders as they navigate the volatile market conditions.

World Liberty Financial (WLFI), a DeFi project associated with US President Donald Trump, has received a $25 million investment from DWF Labs for international expansion. DWF Labs plans to support WLFI’s upcoming stablecoin USD1 and increase digital asset utility globally. Bilal Bin Saqib has joined WLFI as a strategic advisor to help expand into emerging…

Russia’s Finance Ministry is considering creating domestic stablecoins after access to Tether’s USDT was restricted for wallets linked to the sanctioned Russian exchange Garantex. This move comes as stablecoins have become essential for crypto investors, with Russia exploring alternatives to USDT due to regulatory restrictions and a desire for financial autonomy.

Bybit, a crypto exchange, will discontinue several Web3 products and services by the end of May as part of a shift in operational focus. Users must transfer assets from Cloud and Keyless wallets by May 31. Other services like DEX Pro and NFT Marketplace will also be shut down. Some services, like Airdrop Arcade and…