A Russian economist has claimed that the nation’s Central Bank Digital Currency, the digital ruble, may not roll out nationwide until 2027. The digital RUB had been slated to launch on July 1, 2025. But earlier this year, the Central Bank abruptly postponed the launch “indefinitely,” giving no alternative launch timeline. Digital Ruble Rollout: Russians…
President Donald Trump confirmed that a private dinner will be held on May 22 at Trump National Golf Club in Washington for the top 220 holders of his memecoin, TRUMP. Trump made the announcement in a social media post on May 5. The event, organized by Fight Fight Fight LLC, a Trump-affiliated entity, will admit holders…
Ranking Member of the House Financial Services Committee Maxine Waters (D-MO) is slated to object to a joint crypto hearing scheduled for Tuesday, Politico reported on Monday. Maxine Waters Hones In On Trump Crypto Connections Hosted alongside the House Agriculture panel and titled American Innovation and the Future of Digital Assets: A Blueprint for the…
Ripple’s XRP trading volume on top-tier exchanges throughout the first quarter, with average daily volume (ADV) holding nearly $3.2 billion, while XRP Ledger (XRPL) activity decreased. According to a May 5 report by Ripple, the volume trend reflects sustained institutional and retail engagement despite sharp price swings and moderating on-chain activity. Spot market data shows…
Although BTC failed at $100,000 and the broader market faced a minor 2.1% pullback, U.S. President Donald Trump has doubled down on his pro-crypto stance, calling the asset class “very popular,” “very hot,” and even “much stronger” than the stock market. The comments were made in a May 4 sit down with Meet the Press…
Senate Democrats are balking at advancing landmark stablecoin legislation due to President Donald Trump’s increasing personal benefits from his own crypto ties. Over the weekend, Sen. Ruben Gallego, a Democrat elected to represent Arizona with $10 million in backing from crypto super PAC Fairshake, warned with eight of his colleagues that they would not vote…
Key Takeaways: KuCoin’s mandatory KYC rollout triggered a 77% plunge in its Bitcoin reserves, as privacy-focused users rapidly withdrew funds rather than comply. The dramatic outflow shows how sensitive crypto users remain to compliance shifts and regulatory crackdowns. KuCoin’s experience exposes the trade-off exchanges face between regulatory alignment and user retention in an era of…
Asset manager VanEck filed a registration statement with the Securities and Exchange Commission on May 2 to launch a BNB exchange-traded fund (ETF). The filing marks the first known attempt to bring a spot BNB ETF to the US market. If approved, the fund would list on an unspecified national exchange under a yet-to-be-disclosed ticker symbol.…
The Senate GENIUS Act bill, designed to establish federal rules for stablecoins, is facing resistance from key Democrats, jeopardizing the prospects for broader crypto legislation in 2025. The Guiding and Establishing National Innovation for US Stablecoins Act (GENIUS Act) advanced from the Senate Banking Committee in March with bipartisan support. However, nine Senate Democrats announced…
U.S. President Donald Trump pushed back on claims that he is profiting from his newly launched memecoin in a new interview with NBC News on Sunday. Donald Trump Dismisses Memecoin Controversy Speaking on “Meet The Press” on May 4, Trump refuted allegations that he has been turning a profit from his namesake memecoin, $TRUMP, which…