Key Points: Elon Musk criticizes U.S. government spending, referencing fiscal impacts. Musk calls Congressional spending bill “disgusting.” Cuts impact Tesla’s core business as bill targets EV subsidies. Elon Musk has publicly denounced excessive U.S. government spending, using social media platform Twitter to voice concerns about fiscal sustainability. The event underscores tension between Musk and former … Read more
The Ethereum Foundation (EF) is changing gears on how it handles core research and development. On June 2, 2025, the EF introduced a restructured unit simply named “Protocol,” marking a shift in how it approaches Ethereum’s long-standing scaling bottlenecks and usability issues. This piece is a guest post by blocmates, a media and research hub … Read more
As the 2025 bull run starts to take shape, crypto traders are keenly looking at established giants and rising projects. Among the most discussed comparisons is Ethereum (ETH) vs. Ozak AI (OZ)—two fundamentally one-of-a-kind projects with their personal ambitious price objectives. Ethereum eyes a potential surge to $10,000, while Ozak AI is looking to rise … Read more
Food fraud siphons up to $50 billion from the global food industry every year and endangers public health. When deployed rigorously and realistically, blockchain could prevent this shadowy crime. The problem? It comes with a high price tag. Scalability, cost, interoperability and integration pose significant barriers. Not to mention the privacy concerns, regulatory uncertainty and … Read more
Newly appointed SEC Chair Paul Atkins, the new SEC chair, calls out the agency’s past failures under Gary Gensler’s tenure. Atkins slammed Gensler’s way of handling crypto as a disaster that hurt growth and let fraud sneak in. But now, Atkins promises to fix it all by giving the crypto world the clear rules it … Read more
A new study by Chainplay and Strorible reveals that nearly 45% of venture capital (VC)-backed crypto projects have shut down, and 77% fail to generate $1,000 in monthly revenue. Top-Tier VC Firms Not Spared Nearly half (45%) of venture capital (VC)-backed crypto projects have ceased operations, while 77% fail to generate $1,000 in monthly revenue, … Read more
The US Securities and Exchange Commission will hone its crypto policies with “notice and comment” and move away from shaping its rules through the courts, agency chair Paul Atkins told Congress. In June 3 remarks to the Senate Appropriations Subcommittee on Financial Services, Atkins said the agency’s crypto policymaking “will be done through notice and … Read more
The California State Assembly unanimously passed a bill, AB 1180, on June 4 with 68 votes in favor, allowing the state government to accept Bitcoin and other digital assets as payment methods. The crypto payment bill is now under review by the state Senate. The bill requires the Department of Financial Protection and Innovation (DFPI) … Read more
Coinbase has asked a US federal judge to hear a lawsuit from Oregon’s attorney general, claiming that it is a copy of a prior Securities and Exchange Commission lawsuit that belongs in federal court. In a June 2 motion filed in a Portland federal court, Coinbase claimed Oregon Attorney General Dan Rayfield’s April lawsuit accusing … Read more
Yep, you read that right. Truth Social, the social media platform backed by Donald Trump, is diving into crypto, specifically, it wants its very own Bitcoin ETF. On June 3, NYSE Arca filed the paperwork with the Securities and Exchange Commission (SEC) to list what would officially be called the Truth Social Bitcoin ETF. It’s … Read more