Key Takeaways: A class-action lawsuit accuses Coinbase of illegally collecting and sharing users’ biometric data. Plaintiffs allege Coinbase failed to inform users about how their facial data was collected, used, and stored. Over 10,000 arbitration claims have reportedly been dismissed after Coinbase refused to pay arbitration fees. A new class-action lawsuit filed in Illinois could … Read more
In one of his first speeches since becoming chair of the US Securities and Exchange Commission (SEC) in April, Paul Atkins addressed some of the regulatory concerns around the cryptocurrency industry. In prepared remarks for a May 19 speech, Atkins said it was a “new day” for the crypto industry under the current leadership of … Read more
Cardano founder Charles Hoskinson announced that the Cardano Foundation will soon release an audit to counter rising accusations of financial misconduct. The disclosure comes nearly two weeks after NFT artist Masator Alexander alleged that Hoskinson unilaterally altered the Cardano ledger to take control of 318 million ADA, worth over $600 million at the time, and … Read more
Fundstrat’s head of research Tom Lee says that Monday’s pullback in stocks is a buying opportunity despite growing economic issues in the US economy. In a new interview on CNBC Television, Lee says that even though Moody’s downgraded the US’s credit rating from AAA to AA1 on Friday due to soaring national debt, he remains … Read more
Moody’s is now the third credit rating agency to downgrade the country’s debt after Standard & Poor’s in 2011 and Fitch in 2023. Moody’s U.S. Rating Cut Sends Bitcoin Back Above $105K The U.S. lost its perfect credit rating on Friday after rating agency Moody’s downgraded U.S. debt from “Aaa” to “Aa1,” citing concerns about … Read more
Crypto.com and asset manager Canary Capital are launching a US investment fund designed to provide exposure to the Cronos blockchain’s native token, CRO, the cryptocurrency exchange said in a statement. The Canary CRO Trust will hold the Cronos (CRO) token in a regulated fund wrapper, Crypto.com said, adding that the trust is not an exchange-traded … Read more
Bitcoin has officially recorded its highest-ever weekly candle close, finishing the week at $106,516. The milestone was achieved on Sunday evening, marking a notable moment in Bitcoin’s ongoing price history and underscoring growing institutional and retail interest. This weekly close sets a new benchmark for BTC’s price performance and positions the asset in a historically … Read more
Key Points: Tether now holds over $120 billion in U.S. Treasury bonds. Tether surpasses economies like Germany in Treasury holdings. Significant gains emphasize Tether’s commitment to stability. Tether Holdings has reported U.S. Treasury bond holdings exceeding 120 billion dollars, surpassing Germany’s 111.4 billion dollars, according to its Q1 2025 report. This development positions Tether as … Read more
Crypto News Sui’s market tremors reveal new opportunities. Insiders tip this obscure crowdfunding coin, OpenFundNet (OFNT), to outperform Ondo by 2026. Discover the next big play now. Crypto’s Evolving Landscape: Reading the Tea Leaves After Major Market Shifts The crypto market has long been a wild frontier, oscillating between explosive growth spurts and sobering shakeouts … Read more
Bitcoin ETFs notched a fifth straight week of net inflows, bringing in $603.74 million, with Blackrock’s IBIT once again leading the charge. Ether ETFs joined the rally, posting an inflow of $41.59 million. Bitcoin and Ether ETFs Log Strong Inflows Despite Broad Market Mixed Signals Crypto exchange-traded fund (ETF) momentum held strong last week as … Read more