Paradigm Backs Bitcoin Staking Protocol Babylon, Leads $70M Round
The Bitcoin staking protocol Babylon recently completed a successful funding round, raising $70 million with venture firm Paradigm leading the way. Joining the investment were...
CRYPTO
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FTX Sells Remaining Anthropic Shares for $452M
The FTX estate has liquidated its remaining shares in Anthropic, the artificial intelligence (AI) company renowned for the Claude chatbot. According to the latest bankruptcy...
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China and UAE Commit to Collaborative Effort Against Cryptocurrency Criminal Activities
China and the United Arab Emirates (UAE) have pledged to strengthen their cooperation in combating cybercrime linked to cryptocurrency. This commitment was formalized in an...
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Beijing Urges WeChat to Reduce Mobile Payment Share During Digital Yuan Pilot
Chinese regulators have called upon Tencent Holdings to diminish the mobile payment market dominance of WeChat shortly after Beijing initiated the digital yuan pilot in...
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Alleged Rug Pulls by Sahil Arora Prompt WeCare Foundation’s Support
The WeCare Foundation is extending assistance to victims impacted by Sahil Arora, who is alleged to be the mastermind behind various pump and dump schemes...
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Linea, Supported by Consensys, Advises Matter Labs to Retract ZK Trademark Application
Linea, Ethereum’s layer-2 solution backed by Consensys, is calling on Matter Labs to retract its trademark attempts for “ZK,” stating that such filings contradict the...
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Terraform Labs and Do Kwon Reach Preliminary Agreement with SEC in TerraUSD Case
The U.S. Securities and Exchange Commission (SEC) and Terraform Labs, along with its founder Do Kwon, have reached a preliminary settlement regarding allegations of misleading...
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Robert Kennedy Jr at Consensus 2024: Crypto Represents Freedom and Transparency
U.S. Independent Presidential candidate Robert F. Kennedy Jr highlighted the importance of safeguarding transactional freedom through cryptocurrency to foster economic growth. Reflecting on Donald Trump’s...
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McHenry pushes for FIT21 crypto bill in Senate
The U.S. House of Representatives passed the FIT21 Act on May 22 with a majority vote of 279 to 136, advancing it to the Senate....
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Gemini to Repay Earn Customers $2.18 Billion
Gemini Earn users are set to receive triple the value of assets locked in the lending product following issues with FTX and Genesis. On Wednesday,...
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Prime Brokerage Firm Hidden Roads to Cease Bybit Access Over KYC/AML Dispute
Hidden Roads, an international prime brokerage firm backed by Citadel Securities, is reportedly planning to suspend trading for its clients on the Bybit cryptocurrency exchange....
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Vitalik Buterin Contributes 30 ETH to Tornado Cash Legal Defense Fund
Vitalik Buterin has continuously expressed his support for Tornado Cash developers Alexey Pertsev and Roman Storm, who have been accused of money laundering. On May...
