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Coinbase CEO wants to hire DOGE staff to help improve the global financial system
Coinbase CEO Brian Armstrong extended a public invitation to employees of the US Department of Government Efficiency (DOGE), encouraging them to apply for roles at the crypto exchange after they leave their current roles. Armstrong announced the move in a social media post on May 14, where he described the opportunity as a new mission […]
XRP maintains steady price increase despite early May buy spike
XRP's DEX liquidity expanded rapidly after an aggressive dip at the beginning of the month, surpassing $21 billion by May 9 and holding strong throughout May 14. This increased the market depth just as XRP's price on DEXs began a steady climb, rising from around $2.15 on May 7 to $2.51 by May 13. During […]
French government to meet crypto leaders over rising kidnapping threats
France’s Interior Ministry is reportedly set to meet with key players in the country’s crypto industry on May 16 to tackle a rising wave of kidnappings targeting digital asset entrepreneurs, Le Monde reported on May 14. According to the report, Interior Minister Bruno Retailleau said the planned gathering will focus on improving security awareness and […]
Polygon's co-founder warns of deepfake video scam using his likeness targeting startups
Sandeep Nailwal, co-founder of Polygon, has flagged a troubling rise in deepfake scams using his likeness to deceive crypto founders. Polygon is one of the largest Ethereum layer-2 networks. In a May 13 social media post on X, Nailwal said several individuals recently reached out to verify if he had spoken with them over Zoom. […]
BlackRock’s IBIT 20-day inflow streak broken as Bitcoin ETFs see outflows of $96 million
BlackRock’s iShares Bitcoin Trust (IBIT) has broken its 20-day inflow streak, recording no new investor inflows on May 13. This marks the fund's first zero-flow day since April 14 and comes amid a broader pullback from spot Bitcoin ETFs. On May 13, the twelve spot Bitcoin ETFs saw cumulative outflows of $96.14 million on the […]
Chinese-linked firm raises $300M from private investor to buy TRUMP memecoin
A little-known tech company with ties to China is pledging up to $300 million to purchase Bitcoin and the Trump-themed memecoin TRUMP, according to a May 11 filing with the US Securities and Exchange Commission. The move immediately raised alarms over potential conflicts of interest and regulatory gaps, as it could enrich the Trump family. […]
SEC delays Solana ETF as decisions for Polkadot, XRP loom
The US Securities and Exchange Commission (SEC) has pushed back its decision on a proposed spot Solana exchange-traded fund (ETF), with the cryptocurrency industry now looking to the deadlines for the Polkadot and XRP-based ETFs in June. The SEC pushed its decision on listing Grayscale’s spot Solana (SOL) Trust ETF on the New York Stock […]
Coinbase to launch wrapped XRP, ADA, DOGE, and LTC on Base network
Coinbase is expanding its footprint in the wrapped token space by preparing to release wrapped versions of XRP, Cardano (ADA), Dogecoin (DOGE), and Litecoin (LTC) on its Ethereum Layer 2 network, Base. In a post published on May 13 via its Coinbase Assets X account, the exchange confirmed the upcoming availability of cbXRP, cbADA, cbDOGE, […]
VanEck to compete with BlackRock in tokenized US Treasuries race, launching on Ethereum, BNB, Solana, Avalanche
Traditional finance heavyweight VanEck has entered the real-world asset (RWA) arena with the launch of VBILL, a tokenized fund offering exposure to short-term U.S. Treasuries across Avalanche, BNB Chain, Ethereum, and Solana. The fund marks a significant step in the institutionalization of tokenized finance, as asset managers race to offer blockchain-native, yield-generating alternatives to crypto-native treasuries. Bridging TradFi and crypto […]
Tron strengthens grip on USDT, claiming nearly half of its $150B supply
Tether's market cap just passed $150.66 billion, setting yet another record and extending its dominance over every rival combined. Data from DeFiLlama showed USDT expanded by roughly $830 million in the past week and more than $5.5 billion since mid‑April. The headline total matters on its own, but the real insight lies in how the tokens are distributed: […]
Curve Finance moves to new domain after DNS attack exposes security risks
Curve Finance is moving permanently to a new web domain following a targeted DNS attack that exposed users to phishing risks. On May 13, the DeFi protocol confirmed that it will operate on Curve.finance, replacing the compromised Curve.fi. The protocol explained that it was making the move because of the prolonged downtime and limited support […]
Paris authorities on alert after attempted abduction targets crypto CEO's family
Authorities in Paris have launched a criminal investigation after masked assailants attempted to kidnap the daughter of a crypto company CEO and her young child in a broad daylight attack just blocks from the city’s central courthouse, TMZ reported on May 13. The assault, which was captured on video, took place on May 12 and […]
SEC punts decision on crypto ETFs again, final rulings anticipated later in 2025
The US Securities and Exchange Commission postponed decisions on multiple crypto-related exchange-traded fund (ETF) applications on May 13, including those filed by Grayscale and BlackRock. The delays extend the agency's review timeline and align with expectations that it will grant no approvals before the final quarter of 2025. Grayscale's proposed spot ETFs for Solana (SOL) […]
Twenty One Capital becomes top Bitcoin holder with $458.7M purchase ahead of public listing
Twenty One Capital has purchased 4,812 Bitcoins (BTC) on May 9 for approximately $458.7 million, according to an 8-K Form filed with the US Securities and Exchange Commission (SEC). The acquisition, made at an average price of $95,319.83 per BTC, was executed in connection with a business combination agreement between Twenty One and Cantor Equity […]
US lawmakers warn Treasury on taxing US firms’ unrealized crypto gains
Two US senators have requested that the Treasury Department intervene to prevent the corporate alternative minimum tax (CAMT) interpretation from penalizing US firms for unrealized gains driven by updated accounting standards. In a letter dated May 12, Senators Cynthia Lummis and Bernie Moreno asked Treasury Secretary Scott Bessent to issue regulatory guidance excluding unrealized gains […]
Crypto liquidity lags behind traditional finance despite market efficiency gains – S&P Global
Liquidity in crypto markets continues to lag behind traditional finance due to fragmentation, technical design differences, and exposure to external shocks, according to a new report from S&P Global. The study analyzed key liquidity metrics, volume, bid-ask spreads, market depth, and slippage, across centralized and decentralized trading venues for Bitcoin (BTC), Ethereum (ETH), and major […]
Solana network and DeFi activity suggest SOL price rally will continue
Key takeaways: Solana's $10.9 billion TVL surpassed the entire Ethereum layer-2 ecosystem. Solana’s 30-day fee revenue ($43.4 million) rose 109% compared to the previous month. SOL’s 8% funding rate shows healthy leverage demand from bulls. Solana’s native token SOL (SOL) surged 24.8% between May 6 and May 10, following the broader altcoin market rally after […]
Fed council warns stablecoins may pose risk to bank deposits and credit capacity
Members of the Federal Reserve’s Community Depository Institutions Advisory Council (CDIAC) raised concerns that nonbank-issued stablecoins could accelerate deposit outflows from traditional banks and reduce credit availability to local communities. According to the April 10 meeting records, council members expressed apprehension over pending legislation in Congress related to payment stablecoins and their regulatory treatment. They […]
Virtuals debuts veVIRTUAL staking to boost rewards for Genesis launchpad users
Virtuals has introduced a new staking mechanism for its native token VIRTUAL, replacing passive holding incentives with a vote-escrowed structure that grants users veVIRTUAL. According to a May 13 post on X, veVIRTUAL holders will receive 20% of all Virgen Point emissions, which were previously distributed based on token holding. This move establishes veVIRTUAL as […]
21Shares says Solana on pace to become linchpin of digital finance
Solana (SOL) has emerged as the fastest-growing Layer 1 blockchain of 2025, surpassing Ethereum (ETH) in developer growth and gaining ground across DeFi, payments, and AI, according to 21Shares’ latest State of Crypto report. In the first two months of the year alone, Solana processed $364 billion in volume, more than Ethereum and Coinbase, and […]