Coinbase Shares Fall 7% Amid Data Breach and Ongoing SEC Inquiry
Coinbase shares took a sharp hit, dropping 7% to $244 in after-hours trading on May 15, following revelations of a customer data breach and an active SEC investigation into previously reported user numbers, according to Google Finance. The company has acknowledged the incidents, which were first reported by The New York Times. The SEC is […]
Stablecoins Take Center Stage: 90% of Financial Institutions Now Onboard, Execs Reveal
Once seen as experimental tools, stablecoins have rapidly evolved into critical infrastructure for global payments. This transformation is largely driven by faster settlement times, clearer regulations, and growing technical readiness, according to Fireblocks’ newly released 2025 State of Stablecoins report. Survey Insights: Widespread Institutional Adoption Based on a survey of 295 executives in the financial […]
Eric Trump: “Everyone’s Scrambling to Get Their Hands on Bitcoin”
According to Eric Trump, son of former U.S. President Donald Trump, there’s a global push to accumulate Bitcoin. Speaking at a major cryptocurrency event in Toronto on May 15, Trump claimed that interest in the digital asset spans from ordinary families to national investment funds. “Whether it’s high-net-worth families or sovereign wealth funds, the message […]
Coinbase Hit by Insider Phishing Scam, Faces Up to $400M in Reimbursement Costs
Coinbase, the third-largest crypto exchange globally, has revealed it was the target of a sophisticated insider phishing scheme that led to an attempted $20 million extortion. In a blog post published on May 15, the company stated that cybercriminals managed to compromise customer account data by bribing contracted support staff. These external actors colluded with […]
Binance Unveils a New Look for Launchpool, Enhancing the BNB Ecosystem
In 2024, Binance dominated the exchange-based airdrop market — responsible for a staggering 94% of the $2.7 billion total value distributed via centralized platforms, as reported by CoinMarketCap. BNB holders were major beneficiaries, enjoying access to 21 Launchpool events that distributed $1.75 billion in tokens — all within the Binance app and without trading fees. […]
Ukraine Nears Approval of Strategic Bitcoin Reserve Law
Ukraine appears to be edging closer to officially recognizing Bitcoin as part of its national reserves—an effort that could strengthen its financial footing as the war with Russia continues. According to Yaroslav Zhelezniak, a member of Ukraine’s parliament, the government is in the final phases of drafting legislation that would pave the way for Bitcoin […]
Bitcoin Could Propel Strategy to Outperform All Public Stocks
Michael Saylor’s company, Strategy—the world’s biggest corporate holder of Bitcoin—could one day top the charts as the leading publicly traded firm, according to insights from one of its analysts. Jeff Walton, an analyst at Strategy, suggested in the Financial Times documentary Michael Saylor’s $40 Billion Bitcoin Bet that the company’s Bitcoin-driven financial position could push […]
SEC Postpones Solana ETF Decision as Focus Shifts to Polkadot, XRP in June
The U.S. Securities and Exchange Commission (SEC) has delayed its decision on a proposed spot Solana exchange-traded fund (ETF), drawing attention to upcoming rulings on Polkadot and XRP-based ETFs expected in June. According to a filing dated May 13, the SEC has extended the review period for Grayscale’s spot Solana Trust ETF, pushing the potential […]
Leading South Korean Presidential Candidates Voice Support for Bitcoin ETFs
South Korea may be on the brink of a major crypto breakthrough, as its top presidential contenders have expressed interest in legalizing spot Bitcoin exchange-traded funds (ETFs), signaling a potential shift in the nation’s approach to digital asset regulation. Despite the optimistic tone from political leaders, experts remain cautious about how quickly real policy changes […]
Over $1 Billion in Bitcoin Withdrawn from Coinbase Amid Institutional Surge
Coinbase, the third-largest crypto exchange globally, saw a major Bitcoin exodus on May 9, marking the largest single-day outflow of BTC for 2025 so far. According to André Dragosch, head of European research at Bitwise, a total of 9,739 BTC—valued at more than $1 billion—left the platform on that day alone. He highlighted this as […]