Day: 2 May 2025

Movement Labs has suspended its co-founder, Rushi Manche, amid an ongoing investigation into a market manipulation scandal involving one of its former market makers. This announcement came on May 2, 2025, as the company works with Groom Lake, a third-party firm, to thoroughly investigate the incident. The controversy centres on ...

The UK government has released a draft version of its much-anticipated legislation to bring cryptoasset activities under financial regulation, taking another step toward formal sector oversight. The proposal, which amends the Financial Services and Markets Act 2000 (Regulated Activities) Order (RAO), is now open for technical review. While the draft ...

Online chatter around memecoins has surged to a year-to-date high, signalling a renewed wave of speculative interest among traders, according to a recent blog post from blockchain analytics firm Santiment. This uptick follows a brief focus on Bitcoin (BTC) and layer-1 protocols during recent market turbulence triggered by tariff announcements ...

Haedal Protocol, a liquid staking platform built on the Sui blockchain, surged by as much as 50% on May 2, 2025, ahead of its scheduled listing on South Korea’s major crypto exchange, Bithumb. During Asia's morning trading, the HAEDAL token rallied to an intraday high of $0.174, marking a dramatic ...

In 2025, DAOs control over $32 billion in on-chain treasuries, with top-tier DAOs controlling over a billion each—an unprecedented capital base for a new financial specie. But these reserves aren't longer idle bags of governance tokens and ETH. DAOs are evolving into active portfolio managers, reallocating capital into stablecoins, real-world ...

Bitcoin mining firm Riot Platforms reported a record-breaking revenue of $161.4 million for the first quarter of 2025, marking a 50% increase from last year. Despite the impressive topline, the company ended the quarter in the red due to rising operational costs. According to its May 1 earnings report, Riot's ...

MEXC has announced a $300 million Ecosystem Development Fund to mark its seventh anniversary, signalling a significant shift in its strategic direction. The announcement made during the Token2049 event in Dubai highlights MEXC’s ambition to evolve from a user-focused trading platform into a foundational force in blockchain infrastructure. The newly ...

The U.S. Treasury Department is targeting the Cambodia-based Huione Group over allegations of laundering billions in illicit cryptocurrency, including funds connected to North Korea's Lazarus Group. They propose cutting the firm off from the American financial system. Announced on May 1 by the Treasury’s Financial Crimes Enforcement Network (FinCEN), the ...

Visa has announced a major step forward in digital payments by integrating stablecoins into its network of 150 million merchants worldwide. This move enables customers to use popular stablecoins such as USDC and USDT for everyday purchases, bridging the gap between traditional finance and the fast-growing world of digital assets. ...