SEC Closes Probe Into PayPal Stablecoin PYUSD as Adoption Efforts Accelerate
Key Insights The SEC has closed its investigation into PayPal’s PYUSD stablecoin without taking enforcement action, ending a 2023 probe…
UK Unveils Draft Crypto Rules to Foster Innovation and Tackle Fraud
Key Insights The UK government has released draft legislation to regulate crypto exchanges, stablecoin issuers, and address market abuse, admissions,…
Circle Secures In-Principle Approval in Abu Dhabi, Eyes Middle East Expansion
Key Insights Circle received in-principle approval from ADGM’s FSRA to operate as a money services provider in Abu Dhabi, signaling…
Trump Memecoin Sees $2.4 Bln Surge After VIP Dinner Announcement, Kaiko Reports
Key Insights TRUMP memecoin trading activity surged after an April 23 announcement offering top holders a VIP dinner and a…
Bitcoin Could Hit $120,000 in Q2 Amid Shift Away from U.S. Assets, Standard Chartered Says
Key Insights Standard Chartered’s Geoff Kendrick projects Bitcoin to hit $120,000 this quarter, citing a shift away from U.S. assets,…
Ledger Integrates DeFi Stablecoin Yields Into Self-Custody Wallets via Kiln Partnership
Key Insights Ledger has partnered with DeFi platform Kiln to enable users to earn 5% to 9.9% yields on stablecoins…
Nike Faces $5 Million Class Action Over Alleged NFT Rug Pull After RTFKT Shutdown
Key Insights Nike is facing a class action lawsuit after its NFT subsidiary, RTFKT, shut down in January. Investors allege…
Interactive Brokers Hong Kong Fined $4.2 Mln for Client Asset Breaches
Key Insights Hong Kong’s SFC fined Interactive Brokers Hong Kong HK$4.2 million for breaches related to mishandling client assets between…
KuCoin Enters Thai Market via ERX Rebrand Amid Regional Expansion Plans
Key Insights KuCoin has entered the Thai crypto market by rebranding ERX Company Ltd., which recently secured a Thai SEC…
OKX Reenters U.S. Market After $505 Mln Settlement, Names Roshan Robert CEO
Key Insights OKX is reentering the U.S. crypto market with a phased rollout of its exchange and wallet services, appointing…