The High Court of Singapore has approved a winding-up order against Multichain Foundation Ltd., a once-prominent cross-chain infrastructure protocol, following a 2023 security breach that caused over $210 million in user losses. The order, issued on May 9, 2025, came in response to a petition filed by Sonic Labs (formerly the Fantom Foundation), which was […]
Key Notes April PPI rose 2.4% year-over-year, a positive inflation figure below expectations. Core PPI fell 0.4% month-over-month, also signaling cooling inflation. Bitcoin price dropped over 24 hours, but it may be nearing a local bottom, a springboard for a rebound. The financial market received fresh signs of cooling inflation in the United States on
US Core PPI Falls 2.4%, Bitcoin and Altcoins to Soar? Read More »
Key Notes Coinbase offers a $20M bounty for info on criminals behind the extortion attempt. Hackers accessed limited user data by bribing customer agents. Affected users will be reimbursed and new security measures are already in place. Cryptocurrency exchange Coinbase announced that they are offering a bounty reward worth $20 million for details that would
Coinbase Pledges $20M for Info on Extortionists Read More »
Key Notes ARK Invest’s acquisition of eToro shares is part of the firm’s diversification of its capital. eToro finally went public after a delay linked to US-China tariff talks. More crypto IPOs are expected this year from Circle but Ripple Labs has other primary focus. Cathie Wood’s ARK Invest has purchased 140,000 shares of financial
ARK Invest Acquires $9.4M Stake in eToro on Nasdaq Debut Read More »
Key Notes Arthur Hayes predicts Bitcoin will reach $1 million by 2028, driven by economic instability and money printing. He warns of looming US capital controls and a mass exodus of foreign investors from American assets. Hayes had earlier predicted that Bitcoin will touch the much-awaited $150,000 price level by 2025-end. Bitcoin’s BTC $96 611
Arthur Hayes Predicts Bitcoin Could Reach $1M by 2028 Read More »
etoros nasdaq ipo success eToro, a leading online trading and investing platform, has successfully listed on the Nasdaq stock exchange under the ticker symbol “ETOR,” marking a significant milestone in its journey as a fintech giant. The company priced its initial public offering (IPO) at $52 per share, raising nearly $620 million and valuing the
eToro Soars on Nasdaq Debut: A New Era in Fintech Read More »
Key Notes The Ethereum network recorded 11,000 smart wallet authorizations after Pectra went live on the mainnet. The EIP 7702 feature allows EOAs to act as smart wallets temporarily. Top crypto exchanges WhiteBIT and OKX lead EIP 7702 authorization trends. Current ecosystem data shows a dramatic rise in Ethereum ETH $1 845 24h volatility: 2.6%
Ethereum Smart Accounts Soar After Pectra Upgrade Read More »
Key Notes Armstrong expressed optimism about achieving “meaningful laws” soon while building a market structure for stablecoin use. Following its $2.9 billion acquisition of Deribit, Armstrong highlighted Coinbase’s ongoing pursuit of mergers and acquisitions. Coinbase (COIN) shares have rallied 30% in the past week, driven by strong Q1 2025 results and its historic inclusion in
COIN Stock in Focus as Coinbase CEO Pushes for Stablecoin Bill Read More »
Bitcoin Magazine Standard Chartered Bank Signs Partnership With Digital Asset Broker FalconX Digital asset broker FalconX has announced a strategic partnership with British multinational bank Standard Chartered to enhance services for institutional clients. In the first phase of the partnership, Standard Chartered will offer a range of banking and foreign exchange (FX) services to FalconX,
Standard Chartered Bank Signs Partnership With Digital Asset Broker FalconX Read More »
Hedera, the public distributed ledger platform, announced the launch of AI Studio, an open-source toolkit for building trusted artificial intelligence (AI) applications on its network, during a May 14 event in Toronto. Open-Source AI Toolkit Launched by Hedera for Developers Hedera‘s modular platform enables developers and enterprises to create intelligent systems with task automation, AI-driven
Hedera Unveils AI Studio to Build Trusted AI Applications Read More »
