Crypto’s lack of ‘frothy use case’ a good sign: WisdomTree exec

Jason Guthrie, head of product at asset manager WisdomTree, says he’s optimistic despite a noticeable lack of hype that typically comes along with a crypto bull run.  There hasn’t been a “really frothy use case that has typically driven these market cycles previously,” such as initial coin offerings (ICOs), non-fungible tokens (NFTs), or DeFi lending, … Read more

Chinese Textile Company Addentax to Acquire $800 Million in BTC and Trump Tokens

Addentax Group Corp, a Chinese textile and apparel company, announced plans to acquire up to 8,000 bitcoins and other digital assets, including the memecoin TRUMP, by issuing shares of common stock. Addentax Group to Bring Crypto Influencers on As Shareholders Chinese textile and apparel company Addentax Group Corp. announced on May 15 that it has … Read more

Grok ‘white genocide’ rant due to unauthorized prompt change: xAI

Elon Musk’s artificial intelligence firm xAI has blamed an “unauthorized modification” to the Grok chatbot’s response, causing it to generate responses mentioning political and racial tensions in South Africa.  On May 16, xAI provided an update on the Grok AI chatbot’s inflammatory responses, stating that on May 14, “an unauthorized modification was made to the … Read more

Coinbase drops 7% on customer breach, SEC probe into user numbers

Coinbase stock dipped after news broke of a cyberattack that exposed customer data and an ongoing Securities and Exchange Commission investigation over misstated user numbers in 2021. The double whammy of bad news rattled investors as company stock (COIN) slid 7% in a fall to $244 in after-hours trading on May 15, according to Google … Read more

Franklin Templeton Launches Singapore’s First Tokenized Fund for Retail Investors

Franklin Templeton has received approval from Singapore’s central bank to launch a tokenized money market fund, the first of its kind for retail investors in the country. The move marks a significant step in integrating blockchain with traditional finance. Regulatory Greenlight for Blockchain-Based Money Market Fund by Franklin Templeton Franklin Templeton has secured regulatory approval … Read more

Mastercard Enables Stablecoin Use at 150M Merchants With Moonpay

Mastercard is unleashing stablecoin utility worldwide, enabling real-time crypto-to-fiat spending at 150 million locations through its partnership with Moonpay and API-powered cards. Mastercard Unlocks Stablecoin Spending at 150 Million Places via Moonpay Mastercard and Moonpay announced on May 15 a global partnership designed to integrate stablecoins into everyday transactions through a new line of branded … Read more

Brazil fintech gets approval to become a Bitcoin treasury company

Méliuz’s executive chairman says his fintech firm has become Brazil’s first publicly-traded Bitcoin treasury company following shareholder approval, with the firm also announcing it bought $28.4 million worth of Bitcoin to add to its existing stack. “Historic day! Our shareholders have approved, by a wide majority, the transformation of Méliuz into the first Bitcoin Treasury … Read more

AI scammers are now impersonating US government bigwigs, says FBI

Deepfake-assisted hackers are now targeting US federal and state officials by masquerading as senior US officials in the latest brazen phishing campaign to steal sensitive data.  The bad actors have been operating since April, using deepfake voice messages and text messages to masquerade as senior government officials and establish rapport with victims, the FBI said … Read more

JPMorgan Predicts Bitcoin Will Outgun Gold in 2025 Supercycle Shift

JPMorgan sees bitcoin dominating gold in 2025 as surging ETF inflows, corporate adoption, and state-level crypto reserves ignite a powerful wave of institutional momentum. JPMorgan Spots a Massive Rotation—Bitcoin Gaining, Gold Draining Global investment bank JPMorgan expects bitcoin to significantly outperform gold through the remainder of 2025, driven by a wave of crypto-specific catalysts that … Read more