K Wave Media is abandoning its Bitcoin treasury strategy, redirecting up to $485 million into artificial intelligence infrastructure, according to a filing with the US Securities and Exchange Commission.
Hut 8 has secured a $200 million Bitcoin-backed credit facility from FalconX, replacing its previous loan with Coinbase Credit.
Western Union has launched its US dollar-backed USDPT stablecoin on Solana, marking its entry into blockchain-based payments and onchain settlement.
Institutional investors are beginning to enter prediction markets, signalling a shift from retail-driven platforms toward more structured financial instruments, according to a Bernstein report.
Aave has secured an emergency hearing in a New York federal court to challenge a restraining order that could redirect $71 million in frozen crypto away from hack victims.
XRP is trading near $1.40 with volatility at multi-year lows, as tightly compressed Bollinger Bands signal a likely breakout.
South Korea’s crypto industry has warned that proposed anti-money laundering changes could sharply increase reporting burdens for exchanges, potentially disrupting operations.
Bitcoin surged past $80,000 on May 4, hitting a three-month high of $80,617 and pushing its market capitalisation above $1.6 trillion amid heightened geopolitical tensions.
Onchain investigator ZachXBT has accused crypto influencer Ashcrypto of orchestrating a pump-and-dump scheme involving the ROYA token, raising fresh concerns about social media-driven market manipulation.
The US Securities and Exchange Commission has delayed the launch of multiple prediction market ETFs, seeking additional details from issuers on structure and risk disclosures, according to a Reuters report.
Payward has accused Etana Custody and its CEO Dion Russell of orchestrating a “Ponzi-like” scheme that allegedly misappropriated more than $25 million in customer funds.
Tether said its tokenised gold product XAUt surpassed $3.3 billion in market capitalisation in the first quarter, as demand for bullion-backed assets increased amid macro uncertainty.
