The US stablecoin sector is gaining rapid momentum, with the Senate advancing the GENIUS Act, pressuring firms like Meta to disclose their plans, and Bank of America reportedly preparing a dollar-pegged stablecoin. Treasury projects the market could exceed $2 trillion by 2028. At the same time, Plasma reached its $1B cap in 30 minutes, showing surging demand. However, consumer protection is under threat as the Trump administration dismantles the CFPB with industry backing.
Binance Wallet launched the Alpha Earn Hub, allowing users to earn annual interest from trading fees by providing liquidity to Alpha token pools. The rollout coincides with a record $12.5 billion in daily trading volume for the platform.
Plasma, a stablecoin-focused blockchain, raised its deposit cap to $1 billion and reached the new limit within just 30 minutes, signaling strong demand for Bitcoin-based stablecoin solutions.
Binance announced that it now grants full access to its products and services for residents of Syria, expanding its reach in the Middle East.
Safe, formerly Gnosis Safe, has launched Safe Labs, a new development unit aimed at consolidating operations and enhancing its product roadmap to better serve institutional clients and address rising security challenges in the crypto sector.
OneBalance, a developer platform founded by Flashbots veterans, has raised $20 million in a Series A round to address cross-chain user experience friction in crypto.
Everstake, a cryptocurrency staking platform, has named David Kinitsky, a veteran of Grayscale and Fidelity, as its new chief executive officer, according to the company.
Two men have pleaded not guilty to charges of kidnapping and torturing a man in Manhattan’s SoHo neighborhood in an attempt to force him to hand over cryptocurrency. The case highlights the risks associated with digital asset ownership.
French police rescued the father of an unnamed crypto entrepreneur, who was held captive for several days before a May 3 raid. Authorities have made additional arrests in connection with the kidnapping.
ASIC has banned Glenda Rogan for a decade after she allegedly misled clients and transferred their funds to a blacklisted crypto platform.
FTX creditors are seeking resolution for at least $2.2 billion in disputed bankruptcy claims, with some users encountering KYC verification issues that could affect their recoveries. Meanwhile, Shaquille O'Neal has agreed to pay $1.8 million to settle an FTX investor lawsuit. The settlement, which awaits court approval, resolves all claims against O'Neal without any admission of wrongdoing and bars him from seeking reimbursement from the FTX estate. Both developments highlight ongoing complexities in the FTX bankruptcy proceedings.
The US Senate has advanced the GENIUS Act, a major stablecoin bill, intensifying regulatory focus on tech firms like Meta, which is under pressure from Senate Democrats to disclose its stablecoin plans. Bank of America is also reportedly preparing to launch a dollar-pegged stablecoin, signaling growing institutional interest. Treasury Secretary Bessent testified that with clear legislative support, the US dollar stablecoin market could surpass $2 trillion by 2028. These developments underscore the accelerating momentum and scrutiny in the US stablecoin sector.
US Bancorp is studying stablecoins as its crypto custody business recovers, according to CEO Gunjan Kedia. The move comes after previous struggles under the Biden administration. No other headlines directly cover this specific development.
Stripe is acquiring crypto wallet infrastructure provider Privy to simplify blockchain integration for mainstream digital products, marking a significant step in its web3 strategy.
Despite billions in daily volume, centralized exchanges lack a consistent, transparent benchmark for operational quality. The market relies on surface-level metrics, highlighting the need for standardized evaluation frameworks.
A discussion on why investors should consider digital assets, highlighting early product creation, regulatory developments, and growing institutional interest in crypto markets and ETFs.
Crypto wallets are transforming into all-in-one Web3 superapps, integrating swaps, staking, DeFi, and gaming for a seamless, user-friendly experience. This evolution marks a significant shift in how users interact with digital assets and decentralized applications.
The Trump administration, with backing from major US crypto firms, has largely dismantled the Consumer Financial Protection Bureau, potentially exposing crypto users to greater risks and leaving them with fewer safeguards.
Connecticut's General Assembly has banned state-level crypto investments, bucking the 2025 trend of U.S. states moving into digital assets. This move sets Connecticut apart as other states pursue crypto investment strategies.
Ukrainian lawmakers have introduced a bill aiming to establish a crypto asset reserve, marking a significant step toward integrating digital assets into national financial infrastructure.
The Philippines has introduced a comprehensive SEC framework requiring crypto firms to meet minimum capital, local incorporation, and strict data standards, aiming to strengthen oversight and consumer protection in the sector.
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