Turnkey raised $30 million in a Series B to expand open crypto infrastructure, while OpenLedger launched a $25 million fund for AI and Web3 development. Netcapital stock jumped after acquiring Mixie, and Plasma’s XPL token sale saw $500 million in deposits, underscoring strong investor appetite for crypto infrastructure and Web3 innovation.
Crypto funds' assets hit a record high in May, driven by investors hedging against market volatility and diversifying from U.S. holdings amid improved risk appetite and easing trade tensions.
Robinhood Markets shares fell 5% in premarket trading after S&P Dow Jones Indices chose not to add the online brokerage to the S&P 500, disappointing recent speculation about its inclusion.
Circle's public debut drives rapid ETF filings from ProShares and Bitwise, targeting exposure to the stock behind the second-largest stablecoin. The ETF launches are planned amid a notable surge in Circle's share price post-IPO.
Turnkey, a crypto wallet infrastructure firm founded by former Coinbase employees, has secured $30 million in a Series B funding round led by Bain Capital Crypto. The funds will be used to expand Turnkey’s engineering team and scale its modular, open infrastructure layer for crypto applications. The company emphasizes open-source contributions as part of its development strategy. This investment aims to accelerate Turnkey’s growth and strengthen its position in the crypto infrastructure space.
Netcapital, a Nasdaq-listed fintech, acquired crypto native protocol Mixie, driving NCPL shares up over 16% on the news and 48% year-to-date. The move highlights growing fintech interest in Web3 gaming and crypto mergers.
Sony's Soneium, an Ethereum overlay blockchain, has introduced the Soneium For All incubator to drive consumer and gaming app development for its 7 million-user ecosystem.
OpenLedger will commit $25 million to support AI and Web3 developers, aiming to accelerate innovation at the intersection of blockchain and artificial intelligence.
Union has finalized its trusted setup with over 5,000 participants, establishing the foundation for a high-speed, zero-knowledge interoperability layer aimed at enabling trustless cross-chain DeFi.
Malaysia's crypto mining market is projected to reach $5.13 billion in 2025, but growth is threatened by persistent illegal mining and electricity theft, with $100 million in power stolen. Unclear regulations may further hinder the sector's full potential.
Kenya's proposed 1.5% tax on every crypto transaction could disrupt Africa's digital integration and threaten the country's fintech leadership, potentially driving startups and innovation elsewhere.
New legislation would grant the CFTC authority over crypto, but questions remain about whether the agency is equipped to deliver effective rulemaking due to current resource constraints and vacant positions.
SEC Chair Paul Atkins announced efforts to create an 'innovation exemption' for DeFi platforms, signaling potential regulatory relief and support for crypto self-custody. The move could boost blockchain innovation by easing compliance barriers for decentralized finance projects.
SEC's Paul Atkins emphasized self-custody as a foundational American value and voiced support for DeFi, criticizing Gary Gensler's approach during discussions with regulators and industry leaders.
Evita Pay founder Iurii Gugnin faces DOJ charges for allegedly running a covert pipeline to launder $253 million from sanctioned Russian banks into the US, with some funds used to undermine American interests.
New York-based Bitcoin investment firm Parataxis Holdings is considering going public by merging with SilverBox Corp IV, a special purpose acquisition company. This move could bring another crypto-focused company to public markets.
Australian authorities seized crypto, cash, and property in raids on a Gold Coast firm accused of running a $123 million laundering network using fake businesses. Four individuals now face charges related to the alleged scheme.
A new measure aimed at protecting software developers has been included in the latest version of a major digital asset market structure bill in the House, ahead of its scheduled debate. The move seeks to clarify legal responsibilities for developers in the crypto industry.
The U.K.'s Insolvency Service has appointed its first crypto intelligence specialist to help trace and recover cryptocurrencies in bankruptcy cases, reflecting the growing importance of digital assets in insolvency proceedings.
Five members of an international crypto scam ring have pleaded guilty to stealing nearly $37 million from American victims and transferring the funds to Cambodia, highlighting ongoing risks in the crypto sector.
Plasma's XPL token sale drew $500 million in deposits, far surpassing expectations as investors flock to stablecoin-focused blockchain projects. The overwhelming interest highlights strong market appetite for stablecoin infrastructure.
South Korea's ruling party is pushing a digital asset bill to allow local stablecoin issuance, aiming to boost the crypto market. The proposed legislation includes a stablecoin licensing regime and has sparked a rally in crypto-related stocks.
The rise of AI-powered 'vibe coders' is democratizing software development for the Internet's long tail, signaling a new era of creativity and innovation at the intersection of crypto and AI. This shift could reshape how digital products and experiences are built and distributed.
Crypto ETFs are attracting massive inflows and mainstream attention, but critics argue they compromise core crypto values like decentralization, self-custody, and financial empowerment.
Santiment reports rising crypto social media interest in AI taking jobs, alongside discussions about whale accumulation, Solana, Loud Token, and memecoins. No other headlines directly cover this specific narrative mix of AI and crypto social sentiment.
With Circle's successful IPO, attention turns to which crypto firms might go public next. Chainalysis, Kraken, Fireblocks, and Gemini are contenders, but a repeat of Circle's success is uncertain. ETF filings for Circle stock highlight growing investor interest in public crypto companies.
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