U.S. Treasury Secretary Scott Bessent criticized the Senate on Thursday for rejecting the GENIUS Act, a stablecoin regulation bill. The vote, split 49-48, halted progress amid mounting concerns over President Donald Trump’s ties to crypto. Bessent called the decision a “missed opportunity” for American leadership in the digital asset space.
Uniswap (UNI) appears to be breaking out of a prolonged downward regression channel that has constrained price movement since early January 2025. The dip has flattened with bulls dominance expected leading the asset to new levels from the current 24.89% surge that has invited the current $6.68 level. UNI Exits
While cryptocurrencies are rapidly revolutionising financial systems, the Society for Worldwide Interbank Financial Telecommunications (SWIFT) is trying to prevent their misuse to circumvent sanctions by Russia and China. At the London Digital Assets Summit on May 6, Tom Zschach, SWIFT’s Chief Innovation Officer, laid out how the company is enhancing
For a month now, the TRUMP memecoin that is associated with President Donald Trump has been on an uptick spree. As of the latest data, the cryptocurrency opened its price value during the Asian trading session at $12.68, continuing its uptrend that has marked a 15% surge in the last
SEC Commissioner Caroline Crenshaw has publicly objected to a proposed settlement with Ripple Labs, warning that it undermines investor protections and the legal foundation built over years of litigation. According to a statement by the SEC on May 8, the deal, which would see Ripple and its two top executives
Coinbase has announced a major move in its global expansion strategy by acquiring Deribit, the leading crypto options exchange, in a deal worth $2.9 billion. The transaction includes $700 million in cash and 11 million shares of Coinbase stock, marking one of the largest crypto acquisitions to date. The deal
The crypto market is surging today, driven by growing optimism around global trade developments and a supportive macroeconomic backdrop. The total crypto market capitalization jumped 3.21% to reach $3.1 trillion, while 24-hour trading volume soared 47.10% to $119.1 billion. Bitcoin (BTC) surged past $99,000, hitting $99,415, as bulls aim for
David Bailey, CEO of BTC Inc. and a key crypto advisor to Donald Trump, is making waves in the digital asset industry with the launch of a new bitcoin investment company named Nakamoto. The venture, which has secured $300 million in funding, is set to go public and aims to
Stripe, a global payment solution for Web3, has revealed various features at its annual user event on May 7 in San Francisco. The major updates are the introduction of Stablecoin Financial Accounts and a new Payments Foundation Model. The Stablecoin Financial Accounts permit businesses in around 101 countries to hold
Hackers recently violated the dark web affiliate panel of Lockbit’s ransomware infrastructure, leading to a massive leak of around 60,000 Bitcoin addresses associated with the group. After the hack, a MySQL database dump was shared publicly online. The database dump consisted of crypto-associated information, helping blockchain analysts to trace the
