Sun, May 4

eToro Revives US IPO Plans Following Market Stabilization

The US initial public offering of eToro Group Ltd. is set to resume its operations next week after market turbulence stemming from President Trump’s tariff announcements. This situation caused a postponement, according to sources who have knowledge of the situation. The Israel-based trading platform filed with the SEC in March

19 hours ago 2 mins read

SEC Drops Securities Case against Crypto Influencer Ian Balina

In a significant development, the U.S. Securities and Exchange Commission (SEC) has moved to dismiss its long-standing unregistered securities lawsuit against cryptocurrency influencer and Token Metrics CEO Ian Balina. According to a joint stipulation filed on May 1 in a Texas federal court, the SEC requested that the case be

May 2, 2025 1 min read

Texas Pushes for Crypto ATMs in Federal Buildings Amid Rising Scams

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

May 2, 2025 2 mins read

Goldman Sachs Expands Into Crypto and Tokenization

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.

May 2, 2025 2 mins read

Riot Hits Record Revenue but Suffers Losses from Mining Costs

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

May 2, 2025 1 min read

Michael Saylor Plans $84B Bitcoin Investment Strategy

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

May 2, 2025 1 min read

Freight Technologies to Buy $20M TRUMP Tokens Amid Stock Dip

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.

May 2, 2025 3 mins read

US Treasury Moves to Ban Huione Group Over Crypto Laundering Ties

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

May 2, 2025 2 mins read

Movement Labs Suspends Co-Founder Amid MOVE Token Scandal

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

May 2, 2025 2 mins read

Kraken Uncovers Hacker Posing as Engineer in Job Application Trap

A North Korean hacker applied for an engineering role at the crypto exchange Kraken. On May 1, Kraken posted, mentioning that it had identified a North Korean hacker applying for a job role in the company.  However, the exchange did not contact the authorities or send the candidate away, instead,

May 2, 2025 2 mins read