Movement Labs has terminated co-founder Rushi Manche following controversy surrounding a market maker deal with Rentech and Web3Port that triggered significant price drops. Movement Labs confirmed the termination of its co-founder, Rushi Manche, following controversy over a market maker deal that he brokered. Movement Labs made the announcement in a May 7 X post, stating...Continue Reading

Tornado Cash is designed to make transactions private, but allegations of money laundering led to US sanctions, though they were lifted in March 2025. Tornado Cash is a decentralized, non-custodial crypto mixer designed to enhance transaction privacy on public blockchains. It uses smart contracts and zero-knowledge (ZK) proofs to conceal the onchain link between the...Continue Reading

Bitcoin bulls keep up pressure on multimonth highs with volatility spiking and the Fed due to deliver hints as to its stance on interest rate policy. Key points: Bitcoin and gold trade in lockstep on low timeframes as macro volatility triggers heighten. The Federal Reserve interest rate decision and news conference are just hours away....Continue Reading

Tether’s USD₮ goes live on Kaia blockchain, powering stablecoin payments and DeFi tools for Line’s 196 million users across Asia. Tether has deployed its flagship stablecoin, USD₮, on the Kaia blockchain as part of a broader collaboration with Line Next, the Web3 arm of Line, Japan’s popular messaging platform with over 196 million monthly active...Continue Reading

Santiment says Bitcoin “key stakeholders are mostly moving in the right direction if you’re rooting” for $100,000 Bitcoin. Key takeaways: Large Bitcoin holders have accumulated 81,338 BTC over the past six weeks, showing confidence in a future price uptrend. Wallets with less than 0.1 BTC sold around 290 BTC, indicating smaller retail investors are either...Continue Reading

Metaplanet has reached the 5,555 BTC milestone with the latest $53 million purchase, the total valued at over $536 million at current prices. Japan’s Metaplanet purchased an additional 555 Bitcoin as part of its aggressive accumulation strategy, bringing its total holdings to 5,555 BTC, valued at over $536 million at current prices. On May 7,...Continue Reading

The address used by the hacker to send the funds to Tornado Cash had been dormant since November, with the last transaction occurring 166 days ago. A hacker involved in the $4.67 million exploit of the decentralized finance lending protocol Voltage Finance in 2022 has moved some of the stolen Ether to Tornado Cash after...Continue Reading

BlackRock’s iShares Bitcoin Trust, the largest US Bitcoin ETF, has accumulated around $4.7 billion in inflows since early April. Investors have been piling into BlackRock’s spot Bitcoin exchange-traded fund for over three weeks straight, culminating in the asset’s run up to $97,000 on May 7. The BlackRock iShares Bitcoin Trust has seen 16 days of...Continue Reading

The vote on the airdrop proposal will close on May 14, and at the moment, those in favor are way ahead, with 99.97% voting yes. Trump family-backed crypto platform World Liberty Financial (WLFI) is proposing to airdrop a small amount of its new US dollar-pegged stablecoin to reward early WLFI holders in a test of...Continue Reading

Korean presidential candidate Lee Jae-myung has vowed to make Korea more crypto-friendly and allow spot crypto ETFs if elected next month. South Korea’s Democratic Party leader Lee Jae-myung has reportedly become the latest presidential candidate to promise the approval of spot crypto exchange-traded funds (ETFs) and other crypto-friendly measures, should he be elected. Lee announced...Continue Reading