Ranking member of the U.S. Senate Permanent Subcommittee on Investigations (PSI), Senator Richard Blumenthal (D-CT), announced that the government entity would launch a “preliminary inquiry” into U.S. President Donald Trump’s crypto ventures, as stated in a May 6 press release. Democratic Senators Seek $TRUMP Inquiry According to a May 6 letter addressed to Fight Fight…
Robinhood is developing a blockchain-based program to allow traders in Europe access to U.S. financial assets, two people familiar with the matter told Bloomberg. Three blockchains, including Arbitrum (ARB), Ethereum (ETH) and Solana (SOL) are reportedly being considered for the new platform which will be in partnership with a digital asset firm, according to the…
Welcome to The Protocol, CoinDesk’s weekly wrap-up of the most important stories in cryptocurrency tech development. I’m Margaux Nijkerk, the Ethereum protocol reporter on CoinDesk’s Tech team. In this issue: Ethereum Activates ‘Pectra’ Upgrade, Raising Max Stake to 2,048 ETH Bitcoin Developers Plan OP_RETURN Limit Removal in Next Release Sam Altman’s World Crypto Project Launches…
Blockchain investigator ZachXBT revealed that Coinbase users lost another $45 million over the past week due to coordinated social engineering scams. The update, shared on his Telegram channel, identifies multiple wallet addresses connected to the theft and links the latest activity to a broader pattern of crypto heists that has persisted for months. The report…
Movement Labs, the development firm behind the Movement network, has officially cut ties with co-founder Rushi Manche following revelations of undisclosed token deals and a disastrous market-making agreement. The leadership shakeup sent the price of the network’s native MOVE token spiraling to a new all-time low. A Sudden Fall from Grace Movement announced Manche’s firing…
Several Democratic candidates in New Jersey’s crowded race for governor are leaning into crypto as a policy issue, reflecting a shift in how digital assets are discussed on the campaign trail. According to a Bloomberg report published on May 7, at least three of the six Democratic hopefuls—including Mikie Sherrill, Steve Fulop, and Josh Gottheimer—have…
UK fintech giant Revolut has partnered with Lightspark to bring Lightning Network support for Bitcoin (BTC) payments to users in the UK and select European Economic Area countries, the companies announced on May 7. The integration enables near-instant, low-cost Bitcoin transactions for Revolut users by leveraging Lightspark’s enterprise-grade infrastructure. It marks a major milestone for…
The US Federal Reserve has remained true to its recent monetary policy by maintaining the key interest rates at the same levels of 4.25% to 4.5%. Bitcoin’s price slipped by around a grand immediately after the announcement went live, but the impact is expected to be minimal in the following days. Today’s FOMC meeting didn’t…
Liquid staking solution Swirl has launched on the Layer-1 blockchain IOTA mainnet as an independent ecosystem project on the IOTA network, which enables users to stake IOTA and receive stIOTA. According to the press release, stIOTA tokens provide instant liquidity. While their IOTA is staked, users can trade them, use them as collateral in decentralized…
Shares of tech company Asset Entities (ASST) rose 194% on Wednesday after it announced that Strive Asset Management was merging with the NASDAQ-listed company to become a publicly traded Bitcoin (BTC) Treasury Company. The deal, structured as a reverse merger, will leave the combined company operating under the Strive name and listed on the NASDAQ.…