Nearly $58 million in USDC has been frozen in connection with the LIBRA memecoin scandal, deepening the legal and political fallout from one of this year’s biggest crypto scandals. On May 29, blockchain analytics firm Arkham reported that Circle, the issuer of USD Coin (USDC), froze two Solana (SOL) wallets tied to the LIBRA deployer…
Key Takeaways The SEC has extended the review period for the Bitwise ETF proposal to July 31, 2025. The proposal seeks to list and trade shares of the Bitwise 10 Crypto Index Fund on NYSE Arca. Share this article The US SEC announced today it will take an additional 60 days to determine whether to…
In a move that surprised some and thrilled others, the U.S. Department of Labor has officially scrapped its earlier warning about crypto in retirement plans. The original message? Be extremely careful if you’re thinking about adding Bitcoin or other cryptocurrencies to 401(k) accounts. Now, that warning is off the table. The Labor Department’s reversal means…
U.S. Senator Cynthia Lummis has stated that American military generals are “big supporters” of a strategic Bitcoin reserve. The Wyoming lawmaker made the remarks earlier this week while addressing attendees at the Bitcoin 2025 conference in Las Vegas. Economic Power and Security According to Lummis, she has spoken to generals who understand that economic power…
U.S. stocks closed lower on Wednesday after the Federal Reserve released the minutes from its May policy meeting. The Dow Jones Industrial Average lost 0.58%, or 245 points, while the S&P 500 and Nasdaq Composite indices fell 0.56% and 0.51%, respectively. The central bank’s minutes indicated a cautious approach to monetary policy and warned of…
Key Takeaways Telegram is raising $1.5 billion through a bond issue, backed by investors including Citadel and BlackRock. The bond issue will help buy back previous debt as Telegram faces legal challenges in France. Share this article Telegram, the popular messaging platform, is preparing to issue at least $1.5 billion in new bonds on Wednesday,…
On 28 May 2025, popular American video game and electronics retailer GameStop confirmed the purchase of 4710 Bitcoins through a post on X. The company’s first crypto investment, especially after Bitcoin’s recent ATH, is worth over $512 million. The move comes after GameStop’s board unanimously approved an update to its investment policy to add BTC…
Over the past year, AI-driven projects have taken center stage in the crypto space. Currently, this sector includes 20 tokens with a collective market cap nearing $20 billion, which makes it the smallest crypto segment at just 0.67% of the overall market. To put this into perspective, the Financials sector holds a market value of…
U.S. Vice President J.D. Vance emphasized Bitcoin’s strategic role in U.S. policy and warned the crypto community to stay politically engaged or risk being ignored. Speaking at the Bitcoin 2025 conference in Las Vegas, Vice President J.D. Vance urged the crypto community to continue its political momentum from 2024, warning that transformational technologies like Bitcoin…
Key Takeaways RedStone has partnered with Securitize to launch tokenized traditional financial assets on Solana. This integration enables DeFi applications on Solana to incorporate real-world assets like $ACRED and $BUIDL. Share this article RedStone is launching its blockchain oracle services on Solana in partnership with Securitize, enabling access to tokenized traditional financial assets like US…
