The SEC’s Division of Corporation Finance has clarified that defined protocol staking on proof-of-stake networks does not constitute a securities offering under federal law. SEC Staff Clarifies Protocol Staking Not a Security for Covered Crypto Assets on PoS Network The U.S. Securities and Exchange Commission’s Division of Corporation Finance issued a detailed public statement on … Read more
Pi Network (PI) is showing mounting technical weakness, down nearly 15% over the past seven days and 4.4% in the last 24 hours, with its market cap now sitting at $5.12 billion. Trading volume has surged 25% in the past day, reaching $104.6 million, signaling heightened activity amid a deepening downtrend. Key indicators like the … Read more
The US Treasury has sanctioned a Philippines-based technology firm and its alleged administrator, accusing it of providing services to thousands of crypto scam websites. Funnull Technology is linked to most crypto scam websites reported to the FBI, with victims’ losses surpassing $200 million, the Treasury’s Office of Foreign Assets Control (OFAC) said on May 29. … Read more
Michael Saylor, Executive Chairman of Strategy, took the stage at Bitcoin 2025 delivering a keynote titled “21 Ways to Wealth.” He stated: “This speech is for you. I’ve traveled the world and told countries, institutional investors, and even the disembodied spirits of our children’s children why they need Bitcoin. This is for every individual, every … Read more
Bolivia’s presidential order 5399 bans crypto fuel payments. Goal is to maintain the boliviano currency and reduce volatility. Dollar shortages and fuel crisis prompted earlier crypto adoption. The Bolivian government has forbidden the national oil corporation, Yacimientos Petrolíferos Fiscales Bolivianos (YPFB), from making energy purchases using cryptocurrency. On May 29, 2025, President Luis Arce signed … Read more
Ripple is shaking the foundation of U.S. crypto regulation with a sweeping legal framework challenging SEC oversight, pushing for bold, market-friendly clarity on digital assets. Ripple Challenges SEC With Bold Legal Framework to Clarify Crypto Asset Status Ripple submitted a formal letter to the U.S. Securities and Exchange Commission (SEC) on May 27 following its … Read more
Gold price ticks lower following the overnight solid bounce from the $3,245 area or a one-week low. However, the near-term bias appears tilted in favor of bullish traders. A federal appeals court temporarily reinstated Trump’s tariffs, trigging a turnaround in the risk sentiment. Apart from this, US fiscal concerns, geopolitical risks, Fed rate cut bets, … Read more
In a move that feels like the end of an era, the Securities and Exchange Commission has officially dropped its lawsuit against Binance and founder Changpeng Zhao. The Binance lawsuit was one of the last major battles left from the government’s earlier crackdown on crypto, and now it’s over. Just like that. How We Got … Read more
Microsoft has made significant progress with its Copilot AI assistants, securing a major deal with Barclays. Judson Althoff, a Chief commercial officer of Microsoft, told workers that the British Universal bank signed on to buy 100,000 licenses of Microsoft’s Copilot AI assistant, marking a significant deal. At the standard list price of $30 per user … Read more
BlackRock’s iShares Bitcoin Trust (IBIT) is closing out May with a bang. The BlackRock Bitcoin ETF brought in over $6.2 billion this month alone, setting a new personal best. That’s not just a strong month, it’s the strongest since IBIT launched, and it didn’t launch that long ago. Day After Day, Money Keeps Pouring In … Read more