Category: crypto

Trump Media and Technology Group, behind Truth Social, plans to launch a utility token and digital wallet for its video streaming platform, Truth+. This move is part of a broader strategy to create a blockchain-integrated platform. Additionally, they are launching a financial services arm, Truth.Fi, focusing on conservative values in fintech solutions.

The U.S. Securities and Exchange Commission has ended its inquiry into PayPal’s dollar-backed stablecoin, PYUSD, without pursuing enforcement action. This decision follows a subpoena in November 2023 and signals a measured regulatory approach to stablecoins. PayPal’s PYUSD is exempt from further investigation, potentially impacting stablecoin legislation.

Secretary of Commerce Howard Lutnick announced a shift in US policy towards Bitcoin businesses, embracing regulatory clarity and treating Bitcoin as a commodity, not a currency. The Department of Commerce launched an investment accelerator to support Bitcoin mining firms, encouraging energy autonomy and growth in the domestic mining industry. Lutnick emphasized the US as a…

The SEC delayed decisions on five crypto-related ETF applications, affecting Franklin Templeton’s Solana, XRP, Hedera, Dogecoin, and Fidelity’s Ethereum ETFs. Analysts expect further delays as deadlines approach. The SEC is unlikely to make decisions until Chair Paul Atkins took office. The final deadlines for these products range from October to November 2025.

Pundi AI has joined the NVIDIA Inception program, providing access to tools and support for AI startups. The platform offers data services and aims to create an open ecosystem for AI development. Despite typically excluding crypto-focused ventures, NVIDIA welcomed Pundi AI due to its focus on AI innovation. CEO Zac Cheah sees this partnership as…

The recent increase in Bitcoin’s price is being driven by demand for ETFs, while the buying power of stablecoins remains low. This suggests that institutional investors are driving the current price spike in Bitcoin.

Nasdaq has filed a form with the SEC to support the listing of a new Dogecoin ETF. The proposed fund would offer passive exposure to Dogecoin’s price without speculative trading. Coinbase would be the custodian, and the ETF would be monitored for manipulation. Other firms have also filed for similar ETFs.

World Liberty Financial’s USD1 stablecoin has surpassed $1 billion in market capitalization on BNB Chain through high-volume mints within an hour. This milestone solidifies USD1 as a fast-growing decentralized stablecoin. Analysts believe this growth is part of a strategy to expand USD1’s presence in DeFi protocols and trading platforms, offering a decentralized alternative to traditional…

Base has achieved “Stage 1 Decentralization” by implementing fault proofs and a decentralized Security Council. This allows for permissionless dispute resolution and decentralized approval of contract upgrades. Base is the 10th blockchain to reach this stage out of 62 tracked by L2Beat. The goal is to further decentralize and enhance network security.

The UK Treasury published draft legislation on April 29 outlining new rules for firms offering crypto services in the UK, including stablecoins, staking, and custody. The regulations aim to bring these firms under the supervision of the Financial Conduct Authority to boost investor confidence and support growth while protecting UK investors. The legislation will introduce…