The policymakers of Texas are planning to bring digital currency to the citizens of America by positioning crypto ATMs in federal buildings. A Republican representative of Texas, Lance Gooden, wrote a letter to Stephen Ehikian, acting administrator of the General Services Administration, on May 1, and requested the urgency to
Goldman Sachs is stepping deeper into the crypto space, with plans to expand its services to include cryptocurrency trading, lending, and tokenisation. Mathew McDermott, Goldman Sachs’ global head of crypto, unveiled the company’s new digital asset strategy through a keynote speech at TOKEN2049, one of the most prominent crypto events.
The crypto market cap has reached $3.01 trillion, sending mixed sentiments with the assets oscillating between gains and losses. Bitcoin holds steady at $96.8K, while Ethereum is traded at $1.8K. Notably, Immutable (IMX) jumped more than 11%, landing in the number one gainer position. In the early hours, IMX kicked
Riot Platforms, the biggest Bitcoin mining platform in North America, has witnessed the highest-ever quarterly revenue. Despite this milestone, the firm reported losses as mining costs almost doubled year-over-year. The Chief Executive Officer of Riot Platforms, Jasos Les, revealed its Q1, 2025 earnings report on May 1 and mentioned that
Michael Saylor’s firm, Strategy (formerly known as MicroStrategy), is doubling down on its Bitcoin-first approach with an $84 billion capital strategy aimed at significantly increasing its BTC holdings. The company has announced plans to raise $42 billion through equity and another $42 billion through fixed income instruments to fuel the
Sonic (S), formerly known as Fantom (FTM), has encountered repeated rejections around the $0.80 level, suggesting a potential ceiling in the near term. Currently trading at approximately $0.51, the asset has dropped below key support zones, including the 0.236 Fibonacci level, raising short-term concerns for bullish investors. On-chain data from
In the blockchain space, EOS, a cryptocurrency designed for building and hosting decentralized applications (dApps), has recorded a notable price uptick in the last 24 hours. According to market data, the digital asset opened during the Asian trading session at a price value of $0.6901, recording a rally that has
Freight Technologies Inc. has announced plans for a $20 million stock offering to acquire TRUMP meme coins. The company’s investment represents an early occurrence of TRUMP integration in public business treasury operations. The approach mirrors the Bitcoin incorporation methods that MicroStrategy has adopted by integrating digital tokens into financial operations.
The US Treasury Department wants to ban the Cambodia-based Huione Group from having access to the American banking system. The Department also claimed that the Group helped a hacker group from North Korea in laundering cryptocurrency. On May 1, the Treasury Department’s Financial Crimes Enforcement Network (FinCEN) made a proposal
Movement Labs, a blockchain infrastructure company, announced the suspension of its co-founder, Rushi Manche, on May 2, 2025. The decision comes amid investigations into the governance of the organisation and a scandal involving token dumping that has significantly affected the MOVE token’s market performance. In an official post on X
