Stablecoins
Deals
OpenAI ventures into hardware with $6.4B deal for legendary designer Jony Ive’s startup io
OpenAI currently stake in io contributes to $1.4 billion to the deal's valuation, while the remaining $5 billion will be transferred in equity.
Legislation
GENIUS Act clears Senate motion, House lawmakers reintroduce Blockchain Certainty Act
US lawmakers made efforts to advance crypto regulation in the country on May 21.
Technology
Solana’s new Seeker phone ships with SKR token as economic engine
The SKR token will empower users and builders interacting with Seeker's ecosystem.
Legislation
Texas House lawmakers pass Bitcoin reserve bill with new amendments, Senate to vote again
Following the Senate vote, the legislation will be sent to Governor Greg Abbott's desk for his final approval before it can become law.
Analysis
Ethereum co-founder Jeffrey Wilcke transfers $262M in ETH to Kraken, causing community speculation
This is the first time Wilcke has made a substantial transfer to an exchange since moving $147 million in four transactions last year.
Analysis
Bitcoin hits $107K as market holds below ATH in bullish consolidation
Accumulation movements absorb the selling pressure as investors realize profits, driving Bitcoin's realized cap to a record at $900 billion.
Analysis
US Bitcoin edge could power next era of American prosperity – River
River believes that regulated Bitcoin products, leadership in mining infrastructure, and state-level policy support will help establish US dominance in crypto.
Crypto
Milei shuts down LIBRA task force probing ties to his administration
According to a federal decree, the task force served its purpose and the information gathered was sent to the Public Prosecutor’s Office.
Rumors
Cardano’s Hoskinson denies ADA misappropriation allegations, calls them deeply personal and damaging
The accusations claim that Hoskinson used genesis keys to move over $600 million in unclaimed ICO tokens.
ETF
CME XRP futures debut hits $15M in daily volume, fueling hope for ETF approval
Nate Geraci said "spot XRP ETFs are only a matter of time," based on the history of regulated futures market boosting odds of approval.
Legal
DOJ launches probe into Coinbase’s insider-driven data leak
The DOJ probe marks an escalation in the response to what is now one of the most costly insider-related breaches in the crypto sector.
Regulation
US Senate to vote on GENIUS stablecoin bill despite political divide
Lawmakers clash over amendments as the controversial GENIUS Act aims to regulate the $250 billion stablecoin market.
