Finance
A potential partnership between Elon Musk’s artificial intelligence startup xAI and the popular messaging app Telegram sparked excitement this week—but the deal may not be as concrete as initially believed. Telegram CEO Pavel Durov announced on Wednesday that the platform would integrate xAI’s chatbot, Grok, and that
Markets
BlackRock’s iShares Bitcoin Trust (IBIT) has firmly established itself as the frontrunner in the U.S. spot Bitcoin ETF market, accounting for the lion’s share of a staggering 10-day inflow streak totaling $4.26 billion. According to data, IBIT alone pulled in $481 million on May 28—making
Blockchain
Circle, the issuer behind the USDC stablecoin, has frozen two cryptocurrency wallets containing nearly $58 million linked to the Libra memecoin scandal, according to blockchain intelligence firm Arkham. ALERT: $57M OF USDC ASSOCIATED WITH LIBRA FROZEN BY CIRCLE Two Libra accounts have just been frozen by Circle, including the Libra
Finance
The TON Foundation, the organization behind The Open Network, has appointed former Visa crypto executive Nikola Plecas as its new Vice President of Payments, signaling a major push toward expanding its global payment infrastructure. Plecas brings a strong track record from his time at Visa, where he led the company’
Regulation
The UK’s Financial Conduct Authority (FCA) has launched a public consultation on proposed regulations for stablecoins and cryptocurrency custody services, marking a significant step toward establishing clearer rules for digital assets. The announcement, made on May 28, is part of the UK’s broader strategy to bring structure and
NFT
After months of declining momentum, the NFT market finally showed signs of life in May. Sales of non-fungible tokens jumped 15% from April, reaching $430 million, marking the first month of growth in 2025, according to data from CryptoSlam. The uptick follows five straight months of declining volumes, which had
Security
Australia’s top financial regulator is taking legal action against Allan Guo, the former executive behind now-defunct cryptocurrency exchange ACX, for alleged breaches of corporate duties and mismanagement of user funds. The Australian Securities and Investments Commission (ASIC) announced civil penalty proceedings against Guo, claiming he mishandled customer assets, failed
DeFi
Ethereum-based DeFi protocol Euler is preparing to launch EulerSwap, a decentralized exchange designed to transform how liquidity providers (LPs) earn yield and manage risk. By combining lending mechanics directly with trading infrastructure, Euler aims to offer deeper capital efficiency and more strategic flexibility than traditional automated market makers (AMMs). Built
DeFi
Cork Protocol, a relatively new player in the decentralized finance (DeFi) space, has temporarily paused all smart contracts following a security breach that resulted in the loss of approximately $12 million in crypto assets. The exploit, which targeted wrapped staked Ethereum (wstETH), allowed an attacker to siphon off about 3,
Finance
Toncoin, the digital asset linked to messaging giant Telegram, saw a notable 6.49% jump on Wednesday, fueled by speculation that major financial institutions—including BlackRock—are eyeing Telegram’s latest $1.5 billion bond offering. According to sources cited by The Wall Street Journal, Telegram is preparing to issue
Markets
In a growing race to bring Sui spot ETFs to U.S. investors, 21Shares has officially filed to list its proposed SUI exchange-traded fund on Nasdaq, joining Canary Capital in a push to make the digital asset more accessible through traditional financial channels. The latest filing from 21Shares—a Form
Finance
Tokyo-based investment firm Metaplanet has made its boldest move yet in the crypto space, issuing a record $50 million in zero-interest bonds to fund its continued accumulation of Bitcoin. The bonds, part of the firm’s 16th series of ordinary bonds, were issued to venture capital group EVO FUND, marking