Month: May 2025

Aptos Weekly Recap – Week 2, May: Bitcoin Bridges, DeFi Growth, and Strategic Deployments Fuel Ecosystem Momentum

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The Aptos ecosystem is growing rapidly as a viable challenger in the blockchain space, especially in areas like real-world assets (RWAs), decentralized finance (DeFi), and cross-chain solutions. Over the second week of May, several significant developments occurred that underscored Aptos’ value proposition in multiple segments. Aptos is establishing itself as a top Layer 1 blockchain … Read more

Coinbase CEO looking at more acquisitions after $2.9B Deribit buy

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Coinbase CEO Brian Armstrong says his firm will continue to look for merger and acquisition opportunities after acquiring crypto derivatives platform Deribit. “We are always looking at M&A opportunities,” said Armstrong on Bloomberg Television on May 14. He added that the firm has a large balance sheet that can be put to use. The firm … Read more

Ethereum Emerges as a Bull Run Frontrunner Despite ETF Outflows

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Ethereum has once again taken center stage as the crypto market gains momentum. With a stunning 44.8% increase in just the past week, ETH is not only outperforming many of its peers but is also becoming a focal point for traders, institutions, and analysts as the next major asset likely to break out. The second-largest … Read more

US Community Banks Are Shrinking—Crypto Could Be the Cure, Says Digital Chamber

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U.S. community banks face extinction-level risk as they ignore crypto rails and real-time payment tech, warns top digital asset advocate. Crypto Offers Lifeline as US Community Banks Continue to Shrink Cody Carbone, newly appointed chief executive officer of the Digital Chamber, voiced concern Wednesday on social media platform X about the accelerating decline of community … Read more

Europol helps dismantle $23M ‘mafia crypto bank’

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European law enforcement in January arrested 17 suspects of a “mafia crypto bank” who are said to have laundered over 21 million euros ($23.5 million) in crypto for criminal entities in China and the Middle East. The money laundering services were allegedly carried out on behalf of other criminal networks engaged in migrant smuggling and … Read more

Tax on Unrealized Crypto Gains Could Trigger Forced Sell-offs, Senators Warn Treasury

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Senators push Treasury to shield U.S. crypto firms from devastating tax on unrealized gains, warning of risk to digital asset leadership. Treasury Pressured to Act Fast as Unrealized Crypto Gains Face Tax Storm U.S. Senator Cynthia Lummis (R-WY) and Senator Bernie Moreno (R-OH) are calling on the U.S. Department of the Treasury to act swiftly … Read more

Dems seek suspicious activity reports linked to Trump crypto ventures

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US Democrat lawmakers have sent a letter to the US Treasury demanding access to suspicious activity reports (SARs) on several Trump-backed crypto projects as part of the latest probe into the president’s digital ventures.  Penned by representatives Gerald Connolly, Joseph Morelle, and Jamie Raskin, the May 14 letter asks Treasury Secretary Scott Bessent for all … Read more

Ripple Highlights RLUSD’s Role in Tokenizing Real-World Assets

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Ripple’s USD-backed stablecoin RLUSD is exploding across finance, powering everything from institutional collateral and DeFi trades to tokenized assets and global peer payments—all on the XRP Ledger. Ripple Spotlights RLUSD’s Expanding Real-World Use Cases Across Finance Ripple provided an in-depth look on May 13 at the growing number of real-world use cases for stablecoins, with … Read more

Crypto startups scaring away VCs with 80x valuations: 10T Holdings

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Too many crypto startups are pricing themselves out of venture capital funding by chasing valuations far exceeding their revenues, according to Dan Tapeiro, the CEO of crypto-focused venture capital firm 10T Holdings. “For some reason, founders and CEOs think that they should be raising capital at 50 to 80 times revenue. So that makes it … Read more