Crypto

Genesis is suing DCG and CEO Barry Silbert to recover over $3.1 billion, alleging fraud, self-dealing, and improper asset transfers.

The New law makes non-consensual intimate images and deepfake porn a federal crime, requiring tech companies to take down images when asked.

JPMorgan CEO Jamie Dimon said he will allow his bank's customers to buy Bitcoin, but the bank will not custody it. Jamie Dimon, the CEO of JPMorgan, said his bank will soon allow its clients to buy Bitcoin, but it won’t custody the cryptocurrency. “We are going to allow you to buy it,” Dimon said at JPMorgan’s annual investor day on May 19. “We’re not going to custody it. We’re going to put it in statements for clients.” CNBC reported that Dimon also remarked on his long-held skepticism about crypto assets, pointing to their use in money laundering, sex trafficking and terrorism. Read more

The US Senate voted 66-32 in a procedural vote to move forward the stablecoin-regulating GENIUS Act, which will head to a debate on the Senate floor. The US Senate has voted to advance a key stablecoin-regulating bill after Democrat Senators blocked an attempt to move the bill forward earlier in May over concerns about President Donald Trump’s sprawling crypto empire. A key procedural vote on the Guiding and Establishing National Innovation for US Stablecoins Act, or GENIUS Act, passed in a 66-32 vote on May 20. Several Democrats changed their votes to pass the motion to invoke cloture, which will now set the bill up for debate on the Senate floor. Read more

The GENIUS Act passed a cloture vote Monday evening less than two weeks after failing one. It will now head to a full floor vote.

Cardano founder Charles Hoskinson expanded his response to allegations that Input Output Global (IOG) misappropriated over 318 million ADA from unredeemed pre-sale wallets, calling the situation deeply personal and damaging. In a May 18 post on X, Hoskinson reflected on the reputational toll of the allegations, noting that the incident has reshaped his view of […] The post Cardano’s Hoskinson denies ADA misappropriation allegations, calls them deeply personal and damaging appeared first on CryptoSlate.

Solana Labs spin-out Anza proposed a new Solana consensus protocol to replace TowerBFT and the proof-of-history system, aiming to bring Web2-level speed to the network. Anza, a Solana blockchain infrastructure firm spun out of Solana Labs, has proposed a new proof-of-stake consensus called Alpenglow that it claims would be “the biggest change to Solana’s core protocol” and compete with current internet infrastructure. “We believe that the release of Alpenglow will be a turning point for Solana. Alpenglow is not only a new consensus protocol, but the biggest change to Solana’s core protocol since, well, ever,” Anza’s Quentin Kniep, Kobi Sliwinski and Roger Wattenhofer said on May 19. Alpenglow consists of Votor, which processes voting transactions and block finalization logic, and Rotor, a data dissemination protocol that would replace Solana’s proof-of-history timestamping system and aim to reduce the time it takes for all nodes to agree on the network state. Read more

AI filmmaking lands in Spain with "The Great Reset" as actors elsewhere worry about being replaced by pixels.

Microsoft has upgraded GitHub Copilot into a full AI coding agent, capable of reasoning and executing tasks with minimal developer input.

XRP futures contracts began trading on CME Group’s derivatives platform on May 19, surpassing $15,6 million in trading volume as of 9:20 P.M. UTC across standard and micro contract offerings.  According to CME data, 120 standard XRP contracts traded at an average price of $2.3965, representing approximately $14.3 million in notional volume. Each contract equates […] The post CME XRP futures debut hits $15M in daily volume, fueling hope for ETF approval appeared first on CryptoSlate.

A new chapter in AI manipulation: Chatbots armed with basic personal data outperform humans at changing minds.

Leading legal and financial experts have cautioned political leaders that stablecoin adoption poses a danger to the South Korean economy. The post South Korean Experts Warn Seoul of Mounting ‘Stablecoin Danger’ appeared first on Cryptonews.

Fidelity’s Jurrien Timmer says Bitcoin’s rally back to six-figure territory strengthens its store-of-value status, making it comparable to investing in gold. Key takeaways: Bitcoin’s Sharpe ratio converges with gold’s, indicating similar risk-adjusted returns, supporting its store-of-value role. Gold outperformed Bitcoin in Q1 2025 with a 30.33% price gain versus Bitcoin’s 3.84%, driven by economic uncertainty. Read more

The US Securities and Exchange Commission (SEC) extended its review of two high-profile proposals for spot Solana (SOL) exchange-traded funds, signaling further delays in the approval process for crypto-linked investment products. The agency said it would begin a new round of proceedings to assess whether the ETF proposals from asset managers Bitwise and 21Shares comply […] The post SEC delays decision on Bitwise, 21Shares Solana ETF applications, opens public consultation appeared first on CryptoSlate.

Bitcoin developers and die-hards alike are debating a proposed change that would change Bitcoin's base unit—and impact how BTC is perceived.

Dogecoin (DOGE) has pulled back 3.2% in the past 24 hours, but the dip may be a setup for an even bigger move as the meme coin rally takes a brief pause.Trading volumes have nearly doubled in the same period, signaling heightened interest as DOGE approached the key $0.23 resistance level.Meanwhile, other leading meme coins […] The post Dogecoin Price Prediction: One Break Above $0.230 Could Unleash a Full-Blown Meme Rally appeared first on Cryptonews.

Roman Storm’s legal team has asserted that federal prosecutors possessed exculpatory FinCEN communications since August 2023 that clarify Tornado Cash’s non-custodial design, challenging the government’s portrayal of the mixer as a money transmitter months before the scheduled trial. The post Roman Storm’s Defense Team Accuses U.S. Government Of Withholding Key Exculpatory Evidence appeared first on Cryptonews.

May 19, 2025 – Geneva, Switzerland – TRON DAO announced today that the total circulating supply of Tether (USDT) on the TRON blockchain has surpassed $75 billion, once again making TRON the leading network for USDT. As the most widely adopted stablecoin, Tether represents more than 63 percent of the global market share with over […] The post Tether on TRON Surpasses $75 Billion, Tops All Stablecoin Activities appeared first on CryptoSlate.

The US Department of Justice (DOJ) is investigating how attackers infiltrated Coinbase in their recent customer data breach incident, Bloomberg News reported on May 19, citing a person familiar with the matter. Coinbase chief legal officer Paul Grewal confirmed the company is cooperating with federal law enforcement and intends to pursue legal action against those […] The post DOJ launches probe into Coinbase’s insider-driven data leak appeared first on CryptoSlate.

StraitsX has launched its Singapore dollar-pegged stablecoin, XSGD, on the XRP Ledger to meet the rising demand for regulated multi-chain stablecoins in cross-border payments.