Texas’ SB 21 Bitcoin Reserve bill passed its second House reading, receiving significant bipartisan support with a vote of 105-23. The legislation will allow altcoins with a minimum market cap of $500 billion to be included, adhering to a qualification period of 24 months. Backed by bipartisan support and Governor Abbott’s endorsement, SB 21 is … Read more
The U.S. Senate’s recent advancement of the GENIUS Act has energized the digital asset sector, setting the foundation for the first comprehensive regulatory framework governing stablecoins. With a strong bipartisan majority pushing the bill forward, the legislation is poised to bring clarity, compliance, and institutional participation to a $250 billion segment of the crypto economy. … Read more
India’s Supreme Court has intensified pressure on the government to regulate crypto, slamming bitcoin trading as hawala-like and warning of its unchecked impact on the economy. Supreme Court Urges Central Policy With Crypto Labeled as Hawala-Like Activity The Supreme Court of India urged the central government to establish a clear policy on cryptocurrency regulation, citing … Read more
Prediction market platform Kalshi is partnering with Elon Musk’s artificial intelligence startup, xAI, to provide tailored insights for users making bets on real-world events. The collaboration aims to enhance Kalshi’s event-based derivatives marketplace by integrating xAI’s models, which are trained on data from Musk’s social platform X. These models will help Kalshi synthesize news and … Read more
VeChain has launched its inaugural cross-chain bridge via Wanchain, enabling interoperability with over 40 blockchains, including Bitcoin, Ethereum, Solana, Avalanche, and BNB Chain. Users can now bridge assets like BTC, ETH, USDC, SOL, and XRP into VeChain and move VET, VTHO, and B3TR to other ecosystems. VeChain Debuts Cross-Chain Bridge via Wanchain Integration, Unlocking Multichain … Read more
SB 21, Texas’s bill to create a state-level Bitcoin Reserve, has passed its second reading in the House with overwhelming support. It now requires one more vote and Governor Greg Abbott’s signature to become law. The bill draws inspiration from successful efforts in other states, notably New Hampshire’s model for adding new tokens to its … Read more
MicroStrategy Inc., now known as Strategy, is facing a class action lawsuit filed by plaintiff Anas Hamza on May 16, alleging that the company misrepresented key aspects of its Bitcoin investment strategy to shareholders. The lawsuit names CEO Michael Saylor, President Phong Le, and CFO Andrew Kang as defendants for alleged violations of the Securities … Read more
New York City Mayor Eric Adams says he will create a digital advisory council to attract jobs and investment to the Big Apple and position it as the “crypto capital of the globe.” “This is not about chasing memes or trends,” Adams told the inaugural New York City Crypto Summit on May 20. “We want … Read more
Maple announced today the consolidation of its institutional and permissionless products under a single, unified brand — Maple. The combined platform now manages $1.6 billion in AUM and has surpassed $7 billion in loan originations. This strategic rebranding eliminates the separate identity of Syrup, bringing its core offering, syrupUSDC, under the Maple umbrella as a … Read more
DigiAsia’s $100M BTC plan nearly tripled its stock value. The growing BTC treasury trend could rally BTC to $500K by 2029. On the 19th of May, DigiAsia Corp stock (Nasdaq: FAAS) almost tripled from $0.2 to nearly $0.6, marking over 90% pump. The tech firm focused on digital financial services in Asia and beyond, recorded … Read more