Crypto

Coinbase confirmed Monday that it is working with the U.S. Department of Justice following a recent hack for customer data.

The Commission pushed back its deadline on proposals from 21Shares, Bitwise, VanEck and Canary Capital.

Onchain data shows Bitcoin accumulators picking up the pace as BTC price makes a run at new highs. Key takeaways: Bitcoin onchain and technical data suggest new all-time highs are imminent. Glassnode data shows most Bitcoin wallet cohorts accumulating BTC. Read more

Procolored has distributed infected printer drivers for at least six months, embedding XRedRAT remote-access malware and SnipVex Bitcoin clipboard hijacker. The breach has stolen 9.3 BTC and forced the parent firm to replace all downloads after May 8 2025. The post Procolored Printer Drivers Slip Bitcoin-Stealing Trojan, Draining $950K from Users appeared first on Cryptonews.

US officials are reportedly investigating a data breach that caused many social engineering attacks against Coinbase users and prompted a slew of lawsuits. The US Department of Justice is reportedly conducting a probe over Coinbase’s contracted customer service agents in India, who accepted bribes in exchange for allowing criminals access to user data. According to a May 19 Bloomberg report, DOJ investigators are looking into the data breach, which Coinbase disclosed to the public on May 15. The exchange reported that a group of customer support contractors — subsequently fired — “abused their access to [...] systems to steal the account data for a small subset of customers.” “We have notified and are working with the DOJ and other US and international law enforcement agencies and welcome law enforcement’s pursuit of criminal charges against these bad actors,” said Coinbase’s chief legal officer, Paul Grewal, according to Bloomberg. Read more

A potential attendee of the May 22 event told Cointelegraph his purchase of TRUMP's memecoin was "not political." On May 22, US President Donald Trump is expected to host up to 220 people who had purchased the most significant quantities of his memecoin at a private event in Washington, DC. Though the exact number of attendees was unknown as of May 19, reports and blockchain data have revealed some of the tokenholders who qualified to apply for the May 22 dinner and “VIP tour” and reception, presumed to be in the White House. Bloomberg reported on May 7 that more than half of the 220 wallets were likely controlled by foreign nationals. Among the memecoin dinner applicants, who likely still face background checks ahead of getting a confirmed appearance before the president, included Synthetix founder Kain Warwick, a consultant named Vincent Deriu, and crypto user Morten Christensen, who reportedly only paid $1,200 for the opportunity. Read more

Circle is reportedly seeking a sale price of at least $5 billion, which would be around the amount it’s targeting for its IPO. Circle, the issuer of stablecoin USDC (USDC), is still planning an initial public offering (IPO), but the company is also in informal talks with Ripple and Coinbase about a sale, according to a report from Fortune. Circle is seeking at least $5 billion, which is its target for the IPO, according to the four banking and private equity sources Fortune cited. Ripple tried to purchase Circle on April 30, but the $4 billion to $5 billion bid was rejected as being too low. If Ripple or Coinbase were to buy Circle, the details of a purchase would differ. Ripple would pay using cash and XRP (XRP), a cryptocurrency that Ripple created. Coinbase, on the other hand, would use cash and stock. Read more

The US Senate is expected to vote on the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act today at approximately 8 P.M. EDT. However, its unclear whether the bill will pass or continue to face delays. The GENIUS Act seeks to establish a federal regulatory framework for payment stablecoins, but has faced hurdles in […] The post US Senate to vote on GENIUS stablecoin bill despite political divide appeared first on CryptoSlate.

Circle has been weighing parallel options: a public listing valued near $5 billion and confidential talks to sell itself for roughly the same price to either Coinbase or Ripple. The discussions have spotlighted USDC’s strategic importance and each bidder’s recent deal-making capacity. The post Circle’s $5B Showdown: Will Coinbase Outbid Ripple After Rejected Offer? appeared first on Cryptonews.

Vitalik’s “partially stateless node” concept enables private, selective storage while verifying the full Ethereum chain.

Dough Finance has been grappling with fallout from a July 2024 exploit that siphoned $2.5 million from investor Jonathan Lopez. Co-founders Chase Herro and Zachary Folkman have pledged to make users whole, but progress has stalled and Lopez’s lawsuit heads to trial in April 2026. The post Dough Finance Hack: $2.5M Lost – Will Silent World Liberty Partners Repay Investors? appeared first on Cryptonews.

The U.S. Senate is poised to try another high-stakes procedural vote to push stablecoin legislation forward, which could mark a major win for the crypto sector.

Bitcoin is less than 5% away from making new all-time highs, and BTC futures markets look ready to support the rally. Key takeaways: Bitcoin buying in the spot and futures markets helped BTC price keep its upward momentum despite $170 million in margin liquidations. Weak stablecoin demand in China and the limited use of futures leverage suggest Bitcoin’s current rally is sustainable. Read more

The well-known critic of the biggest cryptocurrency by market cap said Monday that his bank would allow customers to buy BTC.

Bitcoin’s realized capitalization has reached a new peak of $906 billion, marking its fourth consecutive weekly high, per CryptoQuant’s data. Unlike traditional market cap, which multiplies current price by circulating supply, realized market capitalization calculates the value of each coin at its last transaction price. This offers a clearer view of capital committed to the […] The post Bitcoin realized cap hits $906B, hints at new all-time high despite today’s pullback appeared first on CryptoSlate.

The biopharmaceutical company bought $1 million of Bitcoin and other cryptocurrencies, taking its total crypto holdings to $4.5 million. Quantum Biopharma has purchased an additional $1 million worth of Bitcoin and other cryptocurrencies, the Canadian biotechnology company said.  The buys take Quantum’s total cryptocurrency holdings to approximately $4.5 million, according to a May 19 press release. The biotech company plans to stake a portion of its crypto to generate revenue.  Quantum expects that holding a treasury of Bitcoin (BTC) and other crypto assets will “provide a return on investment for shareholders and […] provide some hedge against the Canadian dollar,” it said.  Read more

Cardano Foundation has pledged a full treasury audit after claims founder Charles Hoskinson shifted 318M ADA—$619M in 2021—from presale wallets to reserves during the Allegra fork, renewing concerns about token distribution oversight and decentralization. The post Cardano Audit Probes $600M ADA Gap – Was Treasury Looted? appeared first on Cryptonews.

Circle is pressing ahead with plans to go public, but the stablecoin issuer is also exploring the possibility of a sale to either Coinbase or Ripple, Fortune reported on May 19, citing people familiar with the matter. The company filed paperwork in April for a long-awaited initial public offering (IPO) targeting a $5 billion valuation, […] The post Circle in talks with Coinbase, Ripple over potential sale amid $5B IPO plans appeared first on CryptoSlate.

TRON has scaled into the leading rails for stablecoin payments in 2025. CryptoQuant data show 283 m USDT transfers and a $75.8 bn supply on the network, surpassing Ethereum. Daily volume has reached $23.4 bn as users gravitate to its low fees and quick settlement. The post CryptoQuant Finds TRON Moving $23B USDT Daily in 2025, Surpasses Ethereum appeared first on Cryptonews.

An investor argued that Strategy “overstated” the profitability of its Bitcoin treasury strategy before disclosing a first-quarter loss.