Technology
Stablecoins
Institutions double down on stablecoins as trust reaches all-time highs – Fireblocks
Fireblocks noted in a recent report that institutions are quickly overcoming uncertainty regarding stablecoins.
Bankruptcy
FTX creditors poised to receive $5B by May 30 in latest distribution round
The second round of repayments is over four times larger than the first $1.2 billion round in February.
Legal
Court denies SEC, Ripple settlement motion after finding procedural misstep
Despite the denial, the ruling is not a substantive rejection, and both parties could refile the motion seeking relief under the right rule.
Scams
How an insider-led breach sparked a costly scam at Coinbase
Amid the recently revealed Coinbase data breach incident, Wang explained how exploiters used a social engineering scam to profit $7 million.
Earnings
Bitfarms financial income falls 82% YoY, magnifying net loss to $35.9M
Revaluating warrant liabilities tied to Bitfarms' 2023 private placement primarily drove the $9.3 million year-over-year drop in financial income.
Adoption
Bitwise CIO expects surge in crypto ETP allocations by year-end, foresees 5% portfolio norm
Bitwise CIO Matt Hougan foresees a trillion-dollar future for crypto ETPs as institutional interest rises and allocations climb.
Legal
Former front-runner for CFTC chair role resigns to lead Blockchain Association
Mersinger was the top contender along with Brian Quintenz to be the new CFTC chair, before the nomination of the latter to the role.
ETF
SEC punts decision on crypto ETFs again, final rulings anticipated later in 2025
The regulator postponed decisions on three crypto-related ETFs, while acknowledging 21shares' Dogecoin ETF filing.
Adoption
Twenty One Capital becomes top Bitcoin holder with $458.7M purchase ahead of public listing
Tether executed the acquisition and the BTC amount was placed in a designated wallet pending the close of the private investment in public equity financing.
Taxes
US lawmakers warn Treasury on taxing US firms’ unrealized crypto gains
Meanwhile, a major component of the crypto-focused super PAC Fairshake urged the Senate to pass a regulatory framework for stablecoins.
Stablecoins
Fed council warns stablecoins may pose risk to bank deposits and credit capacity
Federal Reserve council warns that nonbank-issued stablecoins could shift deposits, impacting community loan availability.
Staking
Virtuals debuts veVIRTUAL staking to boost rewards for Genesis launchpad users
The veVIRTUAL tokens will boost the earning of Virgen Points and grant airdrops of tokens launched on Genesis.