Blackstone, which bills itself as the “the world’s largest alternative asset manager,” disclosed its first-ever crypto-related purchase, buying shares in BlackRock’s spot Bitcoin exchange-traded fund. However, Blackstone’s investment, reported in a May 20 filing with the US Securities and Exchange Commission, only totaled around $1.08 million — a fraction of the asset manager’s $1.2 trillion … Read more
Cryptocurrency analytics firm Alphractal has shared a new assessment aimed at understanding the effects of leveraged trading on the market. Drawing attention to how Open Position and long/short ratio data move together, the company presented four basic scenarios regarding investor sentiment and possible risks. Scenario 1: Both Open Position and Long/Short Ratio Increase This scenario … Read more
The recent SEC charges against Unicoin highlight the ongoing scrutiny of cryptocurrency platforms and underscore the importance of transparency in the sector. Unicoin allegedly raised $100 million from investors by promoting misleading claims about the backing of its crypto assets with real-world properties. According to Mark Cave from the SEC, the executives “exploited thousands of … Read more
Russia is preparing a bill that would specify the requirements and procedures for the confiscation of digital assets, taking into account the specific circumstances surrounding these actions. The Russian Ministry of Justice emphasized that anonymity and the lack of centralized control over these assets have hampered these efforts. Russia to Introduce Bill Specifying Procedures to … Read more
In brief Genesis has filed two lawsuits accusing DCG and key executives of orchestrating fraudulent transfers and misleading creditors as it neared collapse. The complaints accuse DCG of using Genesis as a corporate “alter ego” to enrich affiliates and conceal mounting losses from creditors. The lawsuits seek over $3.1B, including a $1.1B promissory note and … Read more
On May 21, COINOTAG reported that the Texas Strategic Bitcoin Reserve Bill (SB 21) has successfully passed its second reading in the House. This significant development signals a growing legislative acknowledgment of Bitcoin as a vital asset in finance. Following this pivotal second reading, the bill will undergo a third reading and subsequent vote for … Read more
The U.S. Securities and Exchange Commission (SEC) has initiated legal action against New York-based Unicoin and its three key executives, including CEO Alex Konanykhin. The SEC’s lawsuit, filed on May 21, alleges that these individuals engaged in the dissemination of misleading statements regarding the sale of controversial equity certificates and common stock linked to Unicoin. … Read more
Sonic SVM, the first SVM chain extension on Solana, has announced the introduction of a new SONIC burn program aimed at enhancing the token’s value accrual mechanism. This strategic redesign replaces the previous burning model with a buy-and-lock system, where 50% of all transaction fees will be used to purchase SONIC tokens from the open … Read more
Haliey Welch, better known as the “Hawk tuah girl,” says the Federal Bureau of Investigation briefly probed her after her “memecoin disaster” — the failed launch of a token in her image that she promoted. Welch said in a May 21 episode of her “Talk Tuah” podcast that the FBI showed up at her grandmother’s … Read more
In brief Spain is embracing AI in filmmaking, debuting its first fully AI-generated feature, The Great Reset, at the 2025 Berlin Film Festival. New legislation aligns with the EU AI Act, mandating clear labelling of AI-generated content and imposing fines for misuse. Spanish-developed tools like Magnific are already in use in Hollywood, signaling broader adoption … Read more