BlackRock has filed to list digital shares to track a $150 million money market fund, potentially via blockchain technology. Asset manager BlackRock has filed to create digital ledger technology shares from one of the firm’s money market funds, which will leverage blockchain technology to maintain a mirror record of share ownership for investors. The DLT...Continue Reading

FTX has sued NFT Stars and Kurosemi, which operates as Delysium, in the collapsed crypto exchange’s latest bid to try to scrape together money for its creditors. Bankrupt crypto exchange FTX has filed lawsuits against the non-fungible token marketplace NFT Stars and the blockchain gaming firm Kurosemi, which operates as Delysium, accusing them of withholding...Continue Reading

Payments giant PayPal said in a regulatory filing that its PayPal USD stablecoin is no longer in the SEC’s crosshairs. PayPal says the US Securities and Exchange Commission has abandoned its investigation into the payment giant’s US-dollar stablecoin. PayPal said in an April 29 regulatory filing that the SEC concluded its investigation into PayPal USD...Continue Reading

Bettors on Polymarket and Kalshi are wagering that the US will report negative economic growth during the first quarter of 2025. Bettors on prediction platforms Polymarket and Kalshi are flipping bearish on the US economy. As of April 29, both platforms are predicting that the US will log an economic contraction during the first quarter...Continue Reading

Richard Byworth says that a firm like Strategy isn’t concerned with how high Bitcoin’s price goes; its focus is solely on the multiple of its net asset value. Key takeaways: Richard Byworth says Michael Saylor’s Strategy could ramp up its Bitcoin buys by acquiring cash-rich companies and converting their cash into Bitcoin. He says that...Continue Reading

Australia’s financial intelligence agency AUSTRAC says it’s undertaking a blitz on dormant registered crypto exchanges to weed out scammers. Australia’s financial intelligence agency has told inactive registered crypto exchanges to withdraw their registrations or risk having them canceled over fears that the dormant firms could be used for scams. There are currently 427 crypto exchanges...Continue Reading

The Bank of Italy criticized the growing role of dollar-pegged stablecoins, warning they could become systemic, and raised concerns over non-financial corporations investing in Bitcoin. The Bank of Italy identified Bitcoin and other digital assets as emerging risk factors in a recent report, citing concerns for both investors and the financial system. In its April...Continue Reading

Donald Trump’s first key days in office have been “the worst 95 days in modern presidential history,” former White House communications director Anthony Scaramucci told Cointelegraph. The first 100 days of the administration of US President Donald Trump have deeply impacted the crypto industry, starting with his own memecoin and culminating in a Bitcoin reserve...Continue Reading

Bitcoin price is still “undervalued” despite the recent surge in institutional investor purchasing. Key Takeaways: Fidelity Digital Assets says Bitcoin is undervalued and the firm holds an optimistic mid-term outlook. The JOLTS report shows a sharp drop in open US jobs, raising investors’ hope for Fed interest rate cuts. Read moreContinue Reading

Lawmakers in the US Senate will reportedly move forward with a vote on the GENIUS stablecoin bill before the Memorial Day holiday. US Senate Majority Leader John Thune reportedly told Republican lawmakers that the chamber would address a bill on stablecoin regulation before the May 26 Memorial Day holiday. According to an April 29 Politico...Continue Reading