The U.S. Department of Justice (DoJ) has disbanded its cryptocurrency enforcement unit, marking a significant development in the regulatory landscape for the crypto sector. The decision was announced by Deputy Attorney General Todd Blanche in a memo to employees on April 7, stating that “The Market Integrity and Major Frauds Unit shall cease cryptocurrency enforcement … Read more
Treasure DAO, once focused on gaming, is undergoing significant operational cuts due to severe financial difficulties, marking a major shift in its business strategy. Treasure DAO has shut down its gaming publishing platform and entire blockchain, accompanied by a round of layoffs that have seen at least 15 staff members leave or be laid off, … Read more
Galaxy is poised to list on a major US stock exchange, marking a significant development for crypto companies seeking access to the US market, after the SEC “declared effective” its registration statement. The US Securities and Exchange Commission’s (SEC) declaration allows Galaxy to move forward with its plans to list on the Nasdaq Global Select … Read more
PancakeSwap’s new Tokenomics v3 proposal promises “true ownership, simplified governance and sustainable growth” by overhauling the platform’s incentive and governance mechanisms. The proposal seeks to deprecate the current veCAKE model, shifting towards direct emissions management and implementing a maximum one-year token lock period. Central to this shift is the aim to boost capital efficiency and … Read more
US-based startup Axal is developing automated crypto trading tools powered by AI agents, targeting non-technical users interested in crypto but not experienced traders or DeFi experts. Axal’s first product, Autopilot, enables users to automate crypto and stablecoin trades by setting preferences such as risk tolerance and other restrictions. The tool is designed for ease of … Read more
Ripple, a major blockchain-based payment network, has completed a $1.25 billion acquisition of Hidden Road, marking one of the largest deals in the crypto industry, but despite this, XRP’s price has seen a significant decline. Ripple’s acquisition of Hidden Road, a London-based prime brokerage firm, is intended to enhance its ability to serve more clients … Read more
OKX, the cryptocurrency exchange, sought counsel from former New York Governor Andrew Cuomo amidst a federal probe that concluded with the firm pleading guilty and agreeing to a $505 million settlement in fines and penalties. Cuomo, a registered attorney in New York, provided legal advice to OKX following his resignation as governor in August 2021, … Read more
Hedera blockchain’s HBAR Foundation, in partnership with OnlyFans founder Tim Stokely, is making a late bid for TikTok, challenging tech giants like Amazon. With TikTok facing an April 5 deadline to sell its US operations or face a ban, the clock is ticking. HBAR Foundation and Stokely’s startup, Zoop, submitted their Intent to Bid to … Read more
The STABLE Act, designed to regulate USD-pegged stablecoins like Tether (USDT) and Circle (USDC) in the United States, has advanced after a 32-17 vote in the House Financial Services Committee. The legislation aims to establish a clear regulatory framework for stablecoin payments, balancing technological innovation with strong consumer safeguards. Congressman Dan Meuser emphasized that the … Read more
Binance has launched the second edition of its Vote to List initiative, excluding Pi Network and dimming hopes for a near-term listing on the exchange. Pi Network is notably missing from Binance’s Vote to List initiative for the second time. The exchange is moving forward with the decentralized listing program. Currently, Pi Network’s price faces … Read more