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SEC charges Unicoin execs with $100 million crypto fraud in alleged asset-backed token scheme
The U.S. Securities and Exchange Commission (SEC) accused cryptocurrency startup Unicoin and its top executives of orchestrating a massive fraud scheme. The SEC alleges that they raised more than $100 million from thousands of investors using false promises about asset-backed tokens and inflated fundraising numbers. A crypto dream built on illusions? The SEC’s 77-page complaint, filed […]
Unlock global wealth with Xapo Bank
If you hold significant Bitcoin—or aspire to—traditional banks can feel outdated and crypto exchanges too risky. Xapo Bank delivers a third way: a fully licensed private bank and Virtual Asset Service Provider (VASP) regulated by the Gibraltar Financial Services Commission, purpose-built for the Bitcoin era. Inside a single app, you can safeguard BTC, earn daily […]
100 men vs Gorilla game drops on Steam but what about 100 Degens vs 1 Gorilla Whale?
DISCLAIMER: The below article is part of CryptoSlate's initiative to align Bitcoin and crypto events with the front page of the Internet. Stories contain satirical elements and may contain fictitious names or quotes for entertainment purposes. A series of games simulating the debate over whether 100 men could win a fight against a gorilla has been […]
Ethereum co-founder Jeffrey Wilcke transfers $262M in ETH to Kraken, causing community speculation
Ethereum (ETH) co-founder Jeffrey Wilcke transferred approximately $262 million worth of ETH to a wallet labeled as a Kraken deposit address on May 20, according to on-chain data. The transfer of 105,736 ETH emptied nearly all of Wilcke's holdings, leaving just 268.73 ETH in his wallet. Subsequent withdrawals from the exchange suggest that this could be Wilcke […]
Robinhood calls on SEC to establish unified regulatory framework for tokenized RWAs
Robinhood has submitted a detailed proposal to the US Securities and Exchange Commission (SEC), calling for the creation of a federal framework to regulate tokenized real-world assets (RWAs), which represent a potential $30 trillion market, Forbes reported on May 20. The 42-page filing outlines a legal infrastructure that would allow digital tokens representing traditional financial […]
Bitcoin hits $107K as market holds below ATH in bullish consolidation
Bitcoin’s (BTC) break above the $107,000 threshold shows that the recent rally is driven by robust buying amid a consolidation just below its all-time high, Glassnode said in a May 20 report. Despite trading around 40% higher than six weeks ago and setting a new record with the latest weekly close at $106,500, Bitcoin was […]
US Bitcoin edge could power next era of American prosperity – River
America’s efforts to become a global hub for Bitcoin (BTC) and the wider digital asset ecosystem could serve as a foundation for a new phase of domestic economic growth, according to a report published May 20 by River. The “America Report 2025” asserted that the US is in a unique position to benefit from Bitcoin’s […]
Sovereign entities opt for indirect Bitcoin exposure via Strategy to bypass constraints – StanChart
Sovereign wealth funds and state institutions are increasingly opting to gain Bitcoin (BTC) exposure through Strategy (MSTR) rather than spot BTC exchange-traded funds (ETFs), according to Standard Chartered’s head of digital assets research, Geoffrey Kendrick. In an investor report published May 20, Kendrick said that regulatory filings show that increased MSTR holdings drove the bulk […]
BlackRock’s IBIT becomes second-largest Bitcoin holder behind Satoshi Nakamoto
BlackRock's iShares Bitcoin Trust (IBIT) has become the second-largest holder of Bitcoin as of May 20, surpassed only by the infamous wallet of Satoshi Nakamoto, the pseudonymous creator of the flagship crypto. According to data compiled by crypto analyst Shaun Edmondson, IBIT currently holds 636,108 BTC, representing over 3% of Bitcoin's total capped supply of […]
Milei shuts down LIBRA task force probing ties to his administration
Argentinian president Javier Milei has ordered the closure of the Task Force for Investigation (UTI) established earlier this year to examine his relationship with the LIBRA token, according to a May 20 publication in Argentina’s Official Gazette. Milei and Justice Minister Mariano Cúneo Libarona signed Decree 332/2025 to dissolve the task force. The decree stated […]
Strive eyes 75,000 distressed Bitcoin claims from bankrupt Mt. Gox estate for its reserves
Strive Asset Management Firm has partnered with 117 Castell Advisory Group to acquire distressed Bitcoin claims, including those linked to the long-defunct Mt. Gox exchange. According to a May 20 filing with the US Securities and Exchange Commission (SEC), the firms will target claims that have received definitive legal rulings but are still awaiting distribution. […]
Binance moves to quash FTX’s $1.8 billion lawsuit, dismisses allegations as speculative
Binance has asked a US court to dismiss FTX's $1.76 billion lawsuit, arguing that the case lacks jurisdiction and relies on unsupported allegations. The motion follows FTX's attempt to claw back funds and blame Binance and its former CEO, Changpeng Zhao, for contributing to its collapse. However, Binance has rejected these claims, calling them speculative […]
Eighty percent of Americans favor converting US gold reserves to Bitcoin, poll reveals
A growing number of Americans believe the US government should convert part of its gold reserves into Bitcoin. According to a recent poll by The Nakamoto Project, four out of five respondents support converting a portion of the country's gold holdings into Bitcoin. Americans Want Bitcoin. (Source: Nakamoto Project) The polling results showed that more […]
Ripple CEO Brad Garlinghouse left puzzled after snub by pro-crypto Senator Cynthia Lummis
Ripple CEO Brad Garlinghouse has expressed frustration after a meeting with pro-crypto US Senator Cynthia Lummis, who chairs the Senate’s Digital Assets Subcommittee, was canceled. In a May 19 post on X, Garlinghouse revealed he was in Washington, D.C., for discussions with lawmakers to promote reasonable regulations for stablecoins and crypto market structure. However, Garlinghouse […]
India’s Supreme Court calls for clear crypto guidelines not outright ban
India's Supreme Court has directed regulatory bodies to develop clear guidelines for governing crypto activities in the country, according to a May 20 report from local outlet Bar and Bench. According to the report, the apex court emphasized that regulators should focus on establishing oversight frameworks that reflect the rising adoption of digital assets across […]
SEC’s new interim watchdog Katherine Reilly to target crypto fraud as top priority
Katherine Reilly assumed the role of Acting Inspector General at the U.S. Securities and Exchange Commission (SEC) on May 20, succeeding Deborah Jeffrey, who retired after over two years in the post. Reilly, a veteran within the agency’s Office of Inspector General, previously served as Deputy Inspector General and Counsel and twice held the acting […]
Bitcoin ETFs post strongest inflow since May 2 as investor demand returns
Spot Bitcoin ETFs saw $667.4 million in inflows on May 19, the second-largest single-day inflow this month, marking a four-day streak of net positive flows. The surge was led by BlackRock's IBIT with $305.9 million, followed by Fidelity's FBTC with $199.1 million and Ark's ARKB with $155.3 million in inflows. Monday's influx followed steady buying […]
Tron founder Justin Sun tops TRUMP memecoin holders, earns gala dinner invite this week
Tron founder Justin Sun has confirmed he will attend a May 22 gala dinner organized for top TRUMP memecoin holders and hosted by US President Donald Trump. In a May 20 post on X, Sun said he was invited to the exclusive event and expressed gratitude and support for the US president. He said: “Honored […]
Bitcoin price aligns with its 130 billion ‘life years’ of attention compared to gold
The pseudonymous co-founder of ScimitarCapital, Thiccy, shared a novel theory on Bitcoin price appreciation Tuesday by comparing Bitcoin's global attention to that of gold. What gives Bitcoin value? A new way to think about it He argues that gold is valuable because it’s rare, durable, and has been trusted as money for thousands of years. […]
Rare bipartisan support moves GENIUS Act closer to law despite key Democrats opposition
The US Senate has moved the GENIUS Act one step closer to becoming law, following a 66–32 cloture vote on May 19. The vote signals rare bipartisan support, with over a dozen Democrats joining Republicans to move the bill forward after weeks of negotiation. Notably, its approval sends the proposed stablecoin legislation to the House […]