The sanctions come four days after Treasury Secretary Scott Bessent said the US had seized nearly $1 billion in crypto from Iranian crypto exchanges and wallets since late February. The US Treasury has sanctioned four Iranian crypto exchanges, including the country’s largest, Nobitex, marking the latest effort in its campaign called “Economic Fury” that aims...Continue Reading

Some of the information that New York and the European Union’s watchdogs will share includes the issued stablecoin, total volume in circulation and the number of holders. ​The European Banking Authority and the New York State Department of Financial Services (NYDFS) have signed a memorandum of understanding to police cross-border stablecoin activities.  The EBA said...Continue Reading

Bitcoin saw its largest daily drop since early February on Tuesday as the cryptocurrency shed more than $4,500 in a single day. Bitcoin prices have dropped 7% on the day, breaking key support to a nine-week low after the US and Iran launched fresh strikes as talks over a possible ceasefire have stalled.  Bitcoin (BTC)...Continue Reading

AI robotics company Figure posted several videos on X throughout May showcasing its robots performing basic tasks, including cleaning a room and sorting packages. Modern artificial intelligence-powered robots are impressive in their capabilities, but are still years away from replacing humans as they can’t yet adapt to changing conditions, researchers say.  Last month, AI robotics...Continue Reading

“Investors still believe in crypto, but now that it’s a contrarian bet, they favor fundamentals over vibes,” says Bitwise investment chief Matt Hougan. Crypto is turning into a “contrarian bet” as institutional investors are being drawn to artificial intelligence stocks, says Bitwise chief investment officer Matt Hougan. “The crypto market is brutal right now,” Hougan...Continue Reading

Despite the planned wind-down, TapTools says it is open to being acquired or taking on external resources to continue maintaining the platform. TapTools, a Cardano-focused real-time analytics platform, has begun winding down after its fifth top-level executive departure, compounding leadership instability and making continued operations unsustainable.  TapTools said in a post to X on Tuesday...Continue Reading

A UK House of Lords committee warned that strict stablecoin rules could make pound sterling tokens commercially unworkable despite supporting regulation. The United Kingdom should press ahead with stablecoin regulation but avoid rules that make a pound sterling stablecoin market commercially unworkable, a House of Lords committee warned in a report released Wednesday. The cross-party...Continue Reading

The regulator’s five-year roadmap calls for clearer crypto rules, support for tokenization and a framework for staking and onchain markets. The US Securities and Exchange Commission (SEC) has elevated digital assets to a strategic priority, calling for regulatory clarity around blockchain technology, tokenization and crypto market infrastructure through 2030. The shift was outlined in the...Continue Reading

The three members of Congress said the volatility of digital assets and “lack of regulation and safeguards” could put Americans’ retirement savings at risk. Top Democrats on three House and Senate committees called on the US Labor Department to halt its plans to allow digital assets and “alternative assets” to be held in Americans’ retirement...Continue Reading

Bitcoin and altcoin prices crumbled as BTC lost the $70,000 level. Will investors’ pivot to AI stocks continue to weigh on crypto markets? Key takeaways: Bitcoin (BTC) faced a sharp 9% drop over 48 hours, hitting the $67,000 support for the first time in two months. This correction wiped out a substantial $176 billion from...Continue Reading