An Israeli-Russian national was arrested last week while allegedly attempting to flee Israel under a false identity, and now faces extradition to the US in connection with a major crypto hack that caused nearly $190 million in damages. Alexander Gurevich was taken into custody on May 1 at Ben-Gurion Airport just before boarding a flight […]
The House Financial Services and Agriculture Committee leaders published a discussion draft outlining a federal crypto framework to regulate the industry in the US on May 5. House Financial Services Chairman French Hill (R-AR), Agriculture Committee Chairman Glenn “G.T.” Thompson (R-PA), Financial Services Subcommittee Chair on Digital Assets Bryan Steil (R-WI), and Agriculture Subcommittee Chair […]
Ripple has pledged $25 million in its RLUSD stablecoin to support US education through nonprofit organizations DonorsChoose and Teach For America. The contribution, revealed on May 5, aims to support teachers, fund classroom projects, and expand access to essential academic resources for underserved communities across the United States. This initiative comes at a time when […]
Digital asset investment products recorded $2 billion in inflows last week, bringing year-to-date totals to $5.6 billion, according to CoinShares’ latest market report. According to CoinShares, last week’s inflow marks the third straight week of gains, signaling a clear shift in investor behavior after months of outflows. James Butterfill, head of research at CoinShares, noted that the […]
BlackRock expanded its exposure to Bitcoin-linked assets in the first quarter of 2025, pushing its total investments to more than $5.4 billion, according to data from Timechainindex. Between the last quarter of 2024 and March 2025, BlackRock added over 3.2 million shares of the iShares Bitcoin Trust (IBIT) to its portfolio. This move brought its […]
Binance founder Changpeng Zhao has recommended that Kyrgyzstan consider Bitcoin and BNB as the first assets in building its National Crypto Reserve. His May 5 suggestion followed an invitation to join the country’s National Crypto Council, marking a notable step in the nation’s engagement with digital assets. Zhao visited Kyrgyzstan at the invitation of President […]
Strategy (formerly MicroStrategy) has added 1,895 Bitcoin to its balance sheet, according to a May 5 filing with the US Securities and Exchange Commission (SEC) The purchase cost roughly $180.3 million, with each Bitcoin bought at an average price of $95,167. According to the filing, the company funded this acquisition through stock sales. The firm […]
Ethereum co-founder Vitalik Buterin has warned that Layer-2 networks should only transition to full decentralization when their underlying proof systems are highly reliable. In a May 5 post shared on X (formerly Twitter), Buterin emphasized that advancing to “stage 2″ of decentralization must be accompanied by solid technical safeguards to avoid introducing unnecessary risks. He […]
The Maldives has finalized an $8.8 billion agreement to build a blockchain-first financial hub that reportedly eclipses the nation’s entire economy. The country aims to reposition itself as a global destination for digital assets. Per the Financial Times, Dubai-based MBS Global Investments will finance the Maldives International Financial Centre (MIFC) project. The government signed the […]
Indonesia’s Ministry of Communication and Digital has temporarily suspended World (formerly Worldcoin) and its digital identity platform, World ID, citing registration issues and possible violations of local electronic system rules. According to a May 4 statement, the ministry confirmed it had suspended the Electronic System Organizer Registration Certificate (TDPSE) for both Worldcoin and World ID. […]
