Crypto
Ripple acquires NYDFS-regulated custodian Standard Custody
Ripple said Standard Custody CEO Jack McDonald would help the firm achieve its USD-backed stablecoin plans.
Oluwapelumi Adejumo 2 min read North America News
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Oluwapelumi Adejumo 2 min read 
Bankruptcy
New probe sought into Sullivan&Cromwell’s role in FTX collapse
The examinations will determine S&C's awareness of FTX misconduct and potential conflicts during SBF's Robinhood shares acquisition.
ETF
SEC accepts ProShares spot Ethereum ETF entry, approves Ark exit from 21 Shares ETF
All spot ETH ETFs have yet to launch despite recent developments.
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Investments
Crypto investments soar with $2 billion inflow amid US macroeconomic shifts
Crypto trading volume jumps 55% as inflows hit second-longest streak since SEC approval.
Mining
Bitcoin halving cuts production, sinks revenues for top miners
Stronghold Digital Mining reported a 47.1% decline in monthly Bitcoin mining output in May, attributing it to the post-halving.
ETF
Bloomberg analyst calls for FOIA request into SEC’s Ethereum ETF decision
Voting records are unclear and political motives are likely, James Seyffart says.
Politics
Trump vows to end Biden-Gensler crusade against crypto after taking office
Trump reportedly pledged to end Democratic policies in a single hour.
Crypto
Former US prosecutors demand action on Binance exec’s detention in Nigeria
The Nigerian government maintains Gambaryan and Binance would be allowed to themselves in court.
AI
DOJ, FTC to probe OpenAI, Microsoft, Nvidia over AI competition fairness
The agencies are dividing roles in a deal that could conclude this week.
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Exchanges
Kraken looking to raise $100 million in preparation for 2025 IPO
ETF
SEC chair Gensler says spot Ethereum ETF launch timeline depends on applicants’ speed
Crypto
StanChart predicts new ATH on favorable payroll data, maintains $150k Bitcoin price
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