Month: May 2025

Webull Pay Taps Coinbase for Crypto Trading, Custody Infrastructure

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Coinbase will provide cryptocurrency trading, custody, and staking services to Webull Pay through its Crypto-as-a-Service (CaaS) platform starting in June 2025, the two companies announced Friday. Coinbase to Provide Backend Crypto Services for Webull Pay Under the agreement, Webull Pay gains access to Coinbase’s institutional-grade infrastructure, including custody solutions, advanced trading systems, and support for … Read more

Sequoia Capital exec also a victim in Coinbase data breach — Report

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At least one partner at Sequoia Capital was reportedly impacted by the recent data breach among Coinbase users, suggesting that data from others at the venture capital firm may also have been compromised. According to a May 16 Bloomberg report, Sequoia Capital Managing Partner Roelof Botha’s personal information available through his Coinbase account was stolen … Read more

Solv brings RWA-backed Bitcoin yield to Avalanche blockchain

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Solv Protocol has launched a yield-bearing Bitcoin token on the Avalanche blockchain, giving institutional investors more exposure to yield opportunities backed by real-world assets, or RWAs. On May 16, the protocol unveiled SolvBTC.AVAX, a token that connects Bitcoin (BTC) to real-world assets like US Treasurys and private credit offered by BlackRock and Hamilton Lane.  The … Read more

From Whiskey to Orthopedic Care: 2 More Companies Race to Hoard Bitcoin

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In recent weeks, a wave of publicly listed companies disclosed new bitcoin purchases intended for their balance sheets, and two more enterprises have now declared similar intentions. One is a craft distilling company based in the United States, while the other operates in Singapore’s medical services sector—both announcing plans to add BTC to their corporate … Read more

Galaxy Digital lists on Nasdaq, seeks to tokenize shares — Reports

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Galaxy Digital shares began trading on the Nasdaq stock exchange May 16, completing a years-long process that CEO Mike Novogratz called unfair and infuriating, CNBC reported. The crypto and infrastructure company, which is also listed in Canada, opened trading at $23.50 in its Nasdaq debut. Trading began on the same day Galaxy disclosed that it … Read more

Bitfinex Bitcoin longs total $6.8B while shorts stand at $25M — Time for BTC to rally?

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Key takeaways: Bitfinex margin longs fell 18%, despite Bitcoin price rising 24% in 30 days. $6.8 billion in long positions far outweight the current $25 million in shorts. Bitcoin options positioning and spot BTC inflows point to confidence from institutional investors. Bitcoin (BTC) price climbed 23.7% over the past 30 days, yet traders on Bitfinex … Read more

WLFI Rejects US Senator Blumenthal’s Claims, Denies Zanker Ties

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World Liberty Financial Inc. has denied claims of ties to Bill Zanker and his entity, calling these assertions unfounded. Blumenthal Claims Based on ‘Fundamentally Flawed Premise’ The Trump family-affiliated cryptocurrency company World Liberty Financial Inc. (WLFI) has rejected as unfounded assertions that it has ties to Bill Zanker or his company. In a letter, shared … Read more

World Liberty Financial brushes off oversight concerns from Congress

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Zach Witkoff, one of the co-founders of the Donald Trump family-backed crypto platform World Liberty Financial (WLFI), has rebuffed efforts by US lawmakers to investigate the president’s potential conflicts of interest. In a May 15 letter to Senator Richard Blumenthal, lawyers for World Liberty Financial claimed a call to investigate the crypto platform was based … Read more

Judge sentences SEC hacker to 14 months in prison

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A federal judge has sentenced Eric Council Jr., one of the individuals responsible for posting a fake message announcing regulatory approval of spot Bitcoin exchange-traded funds, to 14 months in prison. Following a May 16 hearing in the US District Court for the District of Columbia, the Justice Department announced that Council would serve 14 … Read more