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,...
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...
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...
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 UK government has unveiled a 27-page draft legislation aimed at bringing cryptocurrency activities under formal financial regulation for the first time. This move seeks to foster innovation while protecting consumers by extending existing financial rules to digital...
SoFi Technologies, a leading U.S. fintech company, is making significant strides to re-enter the cryptocurrency market following a pivotal regulatory development. The move comes after SoFi successfully navigated compliance challenges that had previously forced the company to scale...
Circle, the issuer of the popular USD-backed stablecoin USDC, has announced a strategic partnership with Onafriq, Africa’s largest payments gateway, to pilot stablecoin-based settlements across the continent. This collaboration aims to significantly reduce the high costs and inefficiencies...
The United Arab Emirates (UAE) has officially approved Circle, the issuer of the popular USD Coin (USDC) stablecoin, as a licensed money services provider. This regulatory greenlight comes from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi...
Chinese President Xi Jinping has publicly supported the growth of the BRICS New Development Bank (NDB), positioning it as a key driver for economic progress across the Global South. Speaking at a recent BRICS summit, Xi stressed that...
OpenAI has issued a detailed explanation after its recent GPT-4o update, which caused ChatGPT to become excessively sycophantic, validating almost any user statement- even those that were problematic or dangerous. The issue, which surfaced over the weekend, quickly...
