Trump’s $2 billion stablecoin deal with UAE-backed MGX triggers ethics probe, jeopardizing Senate progress on stablecoin legislation. Efforts to pass crypto legislation in the US Senate face mounting resistance amid growing ethical concerns around US President Donald Trump’s ties to crypto. In a May 5 letter to the Office of Government Ethics, Senators Elizabeth Warren...Continue Reading

DoubleZero CEO Austin Federa told Cointelegraph that blockchain tech is ready for institutions, but legal risk means adoption will take time to fully unfold. While blockchain infrastructure may be ready for institutional use, many legal teams at big firms remain cautious about fully integrating the technology.  At the Token2049 event in Dubai, DoubleZero Labs founder...Continue Reading

The US Internal Revenue Service appointed Trish Turner to lead its digital assets unit after two key crypto leaders departed. Veteran US Internal Revenue Service (IRS) official Trish Turner was appointed to lead the agency’s digital assets division following the departure of two key crypto-focused executives. Turner, who has spent over 20 years at the...Continue Reading

Citi and SDX are teaming up to tokenize late-stage private shares, aiming to bring efficiency and access to the private markets sector. Investment bank Citi and Switzerland’s SIX Digital Exchange (SDX) are teaming up to modernize traditional private markets through tokenization. The initiative, revealed during the Point Zero Forum in Switzerland, will leverage SDX’s blockchain-based Central Securities...Continue Reading

Bitcoin is once more lagging behind relentless gold as the macroeconomic landscape continues to spark surprises — and levels closer to $90,000 may be next. Key points: Bitcoin is struggling again as gold retakes the limelight with week-to-date gains of nearly 5%. Bitcoin’s correlation with gold is under scrutiny amid ongoing macroeconomic shifts. Read moreContinue Reading

Changpeng Zhao expects Bitcoin to reach between $500,000 and $1 million this market cycle, driven by institutional adoption, growing government accumulation and a pro-crypto US policy. Binance co-founder Changpeng “CZ” Zhao expects Bitcoin’s price to top at $500,000 to $1 million during this market cycle. During an interview with Rug Radio published on May 5,...Continue Reading

Mercuryo CEO Petr Kozyakov told Cointelegraph that with crypto salaries becoming a growing trend, there’s an increasing need for ways to spend crypto. Petr Kozyakov, CEO of crypto payments platform Mercuryo, told Cointelegraph that the future of finance may not be a winner-takes-all scenario but a blend of digital assets and fiat, each used where...Continue Reading

Greg Abel’s takeover of Berkshire Hathaway comes with a $347 billion cash pile, which is enough to buy almost 18% of Bitcoin supply. Key takeaways: Berkshire holds $347B in cash, enough to buy ~18% of Bitcoin’s supply. Greg Abel has not signaled a shift from Warren Buffett’s anti-Bitcoin stance. Read moreContinue Reading

Lawyers for Samourai Wallet’s founders claim prosecutors hid for over a year and a half that the Treasury told them the crypto mixer likely didn’t need a license. Samourai Wallet’s lawyers allege federal prosecutors suppressed advice that the firm didn’t need a license before they charged executives at the crypto mixing service months later.  In...Continue Reading

Mashinsky pleaded guilty in December 2024 to commodities fraud and manipulating the price of CEL, earning $48 million by selling his holdings before Celsius collapsed. Alex Mashinsky, the founder and former CEO of bankrupt crypto lending platform Celsius, has blasted the government’s 20-year “venom-laced” sentence request, declaring it a “death-in-prison sentence.” The US Department of...Continue Reading