Trump’s World Liberty Financial bought $25m worth of crypto ahead of White House crypto summit
Brief Take President Donald Trump’s DeFi project World Liberty Financial purchased over $25 million worth of cryptocurrency, just two days before top officials at leading crypto forms meet to address crypto policies at the White House. The purchases included large amounts of ETH, WBTC, and MOVE, per on-chain data. World Liberty Financial spends $25 Million […]
Reddit co-founder wants to buy Tiktok and bring it “on-chain”
Brief Take: Reddit co-founder Alexis Ohanian has confirmed that he’s considering acquiring TikTok US, hinting at plans to place some of the social media’s features on-chain. Should Ohanian’s plans succeed, we may witness one of the biggest SocialFi reawakening of recent times. Reddit’s Ohanian joins race to buy TikTok Reuters first reported Ohanian’s involvement in […]
Florida Governorship candidate Byron Donalds pledges to add Bitcoin to state’s financial portfolio
Brief Take Republican representative for Florida, Bryon Donalds, wants to add Bitcoin to the state’s financial reserves if he wins the Governorship seat. Donalds made this known during an interview with Fox News. “Digital assets have found a home in Miami-Dade,” Donalds said. “We want to build upon that framework. And one of the things […]
SEC halts lawsuit as federal prosecutors take up fraud case against mining firm Geosyn
Brief Take US Securities and Exchange Commission has paused its fraud case against crypto mining firm Geosyn Mining and its execs after they surrendered to federal prosecutors on similar fraud charges filed earlier in February. The federal prosecutors accused Caleb Ward, Geosyn’s CEO, and Jeremy McNutt, the company’s former operations chief, of diverting customers’ funds […]
Argentina’s President faces fraud charges and impeachment calls over $LIBRA token
Brief Take Argentina’s President Javier Milei faces criminal fraud charges after promoting $LIBRA token via his social media handle. The token surged to a $4.5 billion valuation before crashing, sparking outrage and impeachment calls over allegations of crypto market misconduct. Attorneys in the South American nation filed against Milei in a criminal court on Sunday, […]
Binance and SEC agree to pause their court case for 60 days
Brief Take: Binance and the United States Securities Exchange Commission have unanimously agreed to halt their ongoing court case for 60 days, after which they can still decide whether or not to extend it. Binance, SEC requests for a 60-day wait In the filing, lodged Monday, the regulatory body revealed that the request to keep […]
Ethereum could be staging a supply squeeze; here’s why
Ethereum has been labeled the worst-performing crypto so far this year. Despite more inflows to spot ether ETFs, the price has continued to underperform against bitcoin, solana, and other major altcoins. But it may not always be so. Spot ether ETFs have seen more inflows than outflows since November last year. In the second week […]
Crypto Twitter speculates Elon Musk will put US Treasury on Ethereum
Crypto Twitter is speculating that Elon Musk, who currently leads the Department of Government Efficiency (DOGE), would use Ethereum for the US Treasury. Earlier this month, Musk confirmed he wants to put the US Treasury on a blockchain over the eregious spendings uncovered as DOGE dug into the payment system of the Treasury. “Career Treasury […]
SEC begins to pull back its crypto enforcement unit
U.S. Securities and Exchange Commission has started scaling down its crypto enforcement division, which was expanded by the past Chair, Gary Gensler. Some of the 50 lawyers and staff members of the unit are currently being reassigned to other departments in the agency, The New York Times reported, citing five sources familiar with the matter. […]
Ethereum is finally scaling as validators agree to raise Gas limit above 30 million
Ethereum’s gas limit has increased above 30 million, which is quite a big change for the network. The push to raise the gas limit has been on for a while. However, the network reached the needed consensus to implement the change late Monday, with over 51% of validators signaling support for a higher gas limit. […]