X’s Cashtags Generates $1 Billion in Trading Volume

X’s Cashtags feature has been integrated into Canadian-based online brokerage Wealthsimple, but has not yet been adopted by a US trading platform. Social media platform X has already generated roughly $1 billion in trading volume from its new Cashtags feature, which allows users to view stock and crypto data directly from the app. In a

Worldcoin Drops 13% as Iris-Scanning Tech Gains Traction

Worldcoin fell 13.4% to roughly $0.28 on Friday as World, the identity-focused company led by OpenAI CEO Sam Altman, unveiled several new integrations for its “proof of human” stack, which uses iris-scanning technology to verify identities. Video conferencing tool Zoom is integrating World’s Deep Face authentication to prevent deepfakes, while electronic signature platform Docusign is

Russia Proposes Criminal Penalties for Unregistered Crypto Services

Individuals and groups would be required to register with the Bank of Russia before offering certain crypto services, or potentially face fines and prison time. Russia’s government submitted a bill to its parliament’s lower house in an effort to amend the country's legal code to attach criminal liability for crypto services offered without regulatory approval

Polymarket Sees 73% Chance Hormuz Reopens by May 31, 2026

Traders on the Polymarket prediction market platform place the odds of the Strait returning to normal traffic by May 31, 2026, at 73%. Polymarket prediction market odds of the Strait of Hormuz “returning to normal” by the end of May spiked to 73% on Friday, following news that Iranian officials have temporarily opened up the

Sen. Blumenthal Demands Update on Binance Oversight

A letter from US Senator Richard Blumenthal said he was concerned about “mounting allegations of dangerously lax anti-money laundering prevention by Binance.” Connecticut Senator Richard Blumenthal questioned US authorities responsible for overseeing Binance about whether the company is complying with anti-money laundering laws and sanctions under its 2023 court-imposed monitoring program. According to a report

ETH Accumulation Up 33% — Will Price Follow?

Ether’s (ETH) rally to $2,400 is nearly 38% above its swing low at $1,750, but is ETH’s price move simply a momentum trade, or do longer-term data points suggest a paradigm shift at play? ETH accumulation addresses absorb 6.5 million Ether Ether’s recent rally was preceded by an 89% surge in daily active addresses (DAA)

Bitcoin Liquidates $660M Shorts as BTC Tops $78K

Bitcoin (BTC) rallied above $78,000 to hit another 10-week high on Friday as crypto and equity markets reacted to cooling tensions in the US and Israel war in Iran. The rally above range highs also resulted in a large liquidation of leveraged Bitcoin positions. BTC/USD one-hour chart. Source: Cointelegraph/ TradingView More than $660 million in

Payward to Buy CFTC-Regulated Exchange Bitnomial

Payward, the parent company of the Kraken cryptocurrency exchange, announced on Friday that it has entered into a “definitive agreement” to acquire Bitnomial, a US-licensed cryptocurrency and derivatives exchange; the deal values Bitnomial’s equity at $20 billion. Bitnomial is the “first” crypto-native exchange in the United States to hold all three regulatory licenses from the

Bitcoin and Altcoins Rally After Hormuz Reopening

Key points: Bitcoin soared above $76,000, opening the doors for a further rally toward $84,000. Several major altcoins are showing strength, signaling broad-based buying by the bulls. Bitcoin (BTC) skyrocketed above the $76,000 resistance on Friday after Iran’s foreign minister said that the Strait of Hormuz will remain open for the remainder of the ceasefire

Singapore Gulf Bank Enables Fiat-to-Stablecoin Minting on Solana

Singapore Gulf Bank (SGB) has introduced a service that lets institutional clients mint and redeem stablecoins directly from their bank accounts, using the Solana layer-1 blockchain network to enable round-the-clock settlement between fiat and digital assets. The service will initially support Circle USDC (USDC) transactions above $100,000 and includes temporary fee waivers for minting and
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