Day: 2 May 2025

Sky is moving to solidify its departure from the Maker brand with a sweeping upgrade proposal that would officially replace its existing governance structure and introduce staking rewards. The proposal, posted to the platform's decentralized autonomous organization (DAO) forum on May 1, seeks to replace the longstanding Maker (MKR) token ...

Kraken has exposed an elaborate infiltration attempt by a suspected North Korean hacker who posed as a job applicant for an engineering role, highlighting growing concerns over state-backed cyber threats in the digital asset industry. In a blog post, Kraken revealed how a seemingly routine recruitment process evolved into a ...

In a fresh demonstration of dominance in the stablecoin market, Tether released its financials for Q1 2025, revealing a massive $1 billion operating profit and nearly $120 billion in exposure to U.S. Treasurys. According to the latest attestation, Tether holds $98.5 billion in U.S. Treasury bills, with an additional $23 ...

The U.S. Securities and Exchange Commission (SEC) has officially dismissed its long-standing case against Ian Balina, a prominent cryptocurrency influencer and the founder of AI-driven investment platform Token Metrics.  In a joint filing submitted to a Texas federal court on May 1, the SEC stated it “believes the dismissal of ...

Sui is ramping up its push into Bitcoin decentralized finance (BTCfi) by integrating sBTC and supporting the Stacks network—moves that could position it as a key player in institutional-grade BTC DeFi. In a May 1 announcement, the Sui Foundation revealed plans to incorporate sBTC—a decentralized, Bitcoin-backed asset developed by Bitcoin ...

Kuwait, once considered a haven for cost-effective Bitcoin mining, has launched a sweeping crackdown on the practice as the country grapples with an intensifying energy crisis.  According to a May 1 report, authorities began targeting residential properties involved in cryptocurrency mining, citing the activity as a major burden on the ...