Decentralized finance (DeFi) pioneer Synthetix has announced a bold plan to re-acquire Derive, a crypto options platform that originally spun off from its ecosystem. The proposed $27 million token exchange deal was unveiled in a blog post on May 14 and is contingent upon approval from both communities via governance
May 14, 2025 2 mins read
Stablecoin giant Tether has once again made headlines with a bold move to support Bitcoin adoption. On May 9, Tether purchased 4,812.2 Bitcoin worth approximately $458.7 million for Bitcoin investment firm Twenty One Capital, a strategic move ahead of the company’s planned SPAC merger with Cantor Equity Partners. The Bitcoins
May 14, 2025 2 mins read
Republican Senators Cynthia Lummis (WY) and Bernie Moreno (OH) are sounding the alarm on potential tax pitfalls facing companies holding digital assets. In a recent letter to Treasury Secretary Scott Bessent, the two lawmakers urged the department to clarify how the Corporate Alternative Minimum Tax (CAMT) applies to unrealized gains
May 14, 2025 2 mins read
Tether Gold (XAUt), a digital asset backed by physical gold, is now available for trading in Thailand through a new listing on Maxbit, a Thai-licensed crypto exchange. The announcement, made on May 13, marks a major milestone for Tether as it expands its gold-backed asset offerings into the Southeast Asian
May 13, 2025 2 mins read
Animoca Brands, a Hong Kong-based digital assets investor known for its major role in blockchain gaming and NFTs, is preparing for a U.S. IPO. This move coincides with the new crypto-friendly atmosphere in Washington created by Donald Trump’s resurrection. Yat Siu, the executive chairman of the company, further stressed the
May 13, 2025 2 mins read
Hackers posted a fake announcement, falsely claiming that U.S. authorities, including the Securities and Exchange Commission (SEC), were investigating ZKsync. The post proposed that the U.S. Treasury could sanction the Ethereum Layer 2 protocol. This deceptive press release was meant to instill fear and uncertainty among crypto users. Through the
May 13, 2025 2 mins read
On May 11, the trusted hardware wallet provider Ledger confirmed a security breach involving its official Discord server. One hacker was able to gain access to a moderator’s account and used it to post a phishing message in a channel on one of the servers. The message pretended to
May 12, 2025 2 mins read
HashKey Group has officially launched HashKey Global MENA upon being granted a Virtual Asset Service Provider (VASP) license from the Virtual Assets Regulatory Authority (VARA) in Dubai. This is a significant milestone in HashKey’s growth strategy in the Middle East, and it makes the company a prominent player in the
May 12, 2025 2 mins read
The Solana-based memecoin dogwifhat (WIF) is making waves once again after surging over 41% in the past 24 hours, hitting a price of $1.25 with a staggering $1.06 billion in trading volume. The meme coin now boasts a $1.25 billion market cap, ranking #71 among cryptocurrencies. WIF’s current rally reflects
May 12, 2025 1 min read
As global governments intensify their grip on digital finance, a new breed of cryptocurrency is quietly entering the spotlight: dark stablecoins. These censorship-resistant stablecoins are becoming increasingly attractive to users seeking privacy and freedom from regulatory oversight. Ki Young Ju, CEO of CryptoQuant, sparked discussion in a May 11 post,
May 12, 2025 2 mins read
