While relaxing some crypto guidelines, the Fed preserves a policy blocking banks from direct crypto engagement, says Caitlin Long. Caitlin Long, founder and CEO of Custodia Bank, has criticized the US Federal Reserve for quietly maintaining a key anti-crypto policy that favors big-bank-issued stablecoins, despite relaxing crypto partnership rules for banks. In an April 27...Continue Reading

The profit-taking came as the Official Melania Meme token staged an over 21% weekly recovery, but remains 96% below its all-time high. The team behind the Official Melania Meme (MELANIA) token sold more than $1.5 million of tokens over the past three days, suggesting a programmatic selling strategy that may add downside pressure to the...Continue Reading

Nexo returns to the US as Donald Trump Jr. backs the crypto services platform and new SEC leadership signals a friendlier regulatory stance. Cryptocurrency services platform Nexo announced that it is reentering the US market after facing previous regulatory challenges. According to an April 28 announcement, Nexo’s reentry event featured Donald Trump Jr., who said...Continue Reading

Bitcoin price volatility catalysts line up as traders weigh the likelihood of a trip below $90,000 to test recently-reclaimed support levels. Bitcoin (BTC) is bracing for a major US macro data week as crypto market participants warn of serious volatility next. Bitcoin retests $92,000 after a promising weekly close, but traders still see a deeper...Continue Reading

Coinbase legal boss Paul Grewal told SEC Chair Paul Atkins in a letter that his staff being unable to hold crypto is a roadblock for the agency’s Crypto Task Force. Coinbase has urged the US Office of Government Ethics to remove a rule banning Securities and Exchange Commission staff from holding crypto. SEC staff need...Continue Reading

The Wall Street Journal reports Huawei has approached Chinese tech firms to test its latest AI chip, the Ascend 910D. Chinese tech giant Huawei has reportedly developed a powerful artificial intelligence chip that could rival high-end processors from US chip maker Nvidia. The Shenzhen-based Huawei is poised to start testing a new AI chip called...Continue Reading

The Trump-backed World Liberty Financial has signed a letter of intent to assist Pakistan with DeFi, stablecoin and real-world asset tokenization innovation in the country. The Donald Trump-backed World Liberty Financial has signed a Letter of Intent with the Pakistan Crypto Council to accelerate crypto adoption in the South Asian country and one of the...Continue Reading

Bitget CEO Gracy Chen told Cointelegraph at the time that the trades involved in the incident were between individual market participants and not the platform itself. Crypto exchange Bitget says it is sending letters from its lawyers to account holders it alleges were involved in manipulating the price of perpetual futures contracts tied to the...Continue Reading

Bitcoin’s decoupling from traditional risk assets is “still very early and fragile,” but the shift is “palpable,” says NYDIG’s Greg Cipolaro. Bitcoin is starting to act as a store of value during times of “US-risk-off” sentiment, marking a potential shift in its relationship with traditional assets, according to the New York Digital Investment Group. Bitcoin...Continue Reading

Ethereum’s Dankrad Feist has pitched a four-year plan to increase Ethereum’s gas limit by 100-fold, which could theoretically increase the blockchain’s TPS to 2,000. The Ethereum mainnet’s gas limit could theoretically grow 100-fold and reach 2,000 transactions per second under a new Ethereum Improvement Proposal (EIP) put forward by Ethereum Foundation researcher Dankrad Feist. Feist,...Continue Reading