Crypto

Coinbase CEO Brian Armstrong said the Senate could reconsider a vote on the GENIUS Act "hopefully tomorrow" after it initially failed on May 8. Crypto founders headed to Washington, DC, to meet with lawmakers ahead of another expected vote on a stablecoin bill that initially failed in the Senate, according to Coinbase CEO Brian Armstrong. In a May 14 X post from the US Capitol rotunda, Armstrong said as many as “60 [crypto] founders” had gathered in DC to support the Guiding and Establishing National Innovation for US Stablecoins, or GENIUS Act, being considered in the Senate and a draft of the market structure bill moving through the House of Representatives. The Coinbase CEO said the Senate could consider another vote on the GENIUS Act “hopefully tomorrow” after it failed to get enough support from Democrats on May 8. Read more

Also: Bitcoin DeFi Blossoms, Fusaka Planning Begins, and Telegram Cracks Down on Crypto Crime Marketplace

Hoskinson said being rich lets him ignore VCs and “do [stuff] on principle” like giving away Midnight tokens in a massive multi-chain airdrop to retail users only.

JPMorgan has completed a groundbreaking pilot transaction that bridges traditional finance and blockchain in collaboration with Ondo Finance and Chainlink. According to a May 14 statement, the banking giant’s blockchain unit, Kinexys, successfully executed a cross-chain atomic settlement using Ondo Finance’s tokenized short-term US Treasury product, OUSG. This marks the first time Kinexys has connected its permissioned […] The post JPMorgan bridges blockchain and traditional finance in landmark pilot transaction appeared first on CryptoSlate.

The CEO and founder of the crypto VC firm advised investing in a wide spectrum of tokens and venture equity.

The Blockchain Association has confirmed that CFTC Commissioner Summer Mersinger will leave the regulator on May 30 and assume the CEO role on June 2, replacing Kristin Smith and bringing two decades of Capitol Hill and agency experience to the crypto lobby’s final push for fit-for-purpose legislation. The post Blockchain Association Chooses CFTC’s Summer Mersinger to Lead High-Stakes Crypto Lobbying appeared first on Cryptonews.

Commodity Futures Trading Commission (CFTC) Commissioner Summer Mersinger will depart the agency on May 30 to become the Blockchain Association’s new CEO, effective June 2, according to a May 14 announcement. The announcement states that Mersinger’s appointment comes at a critical legislative moment for digital assets in Washington, where the Blockchain Association is pushing for […] The post Former front-runner for CFTC chair role resigns to lead Blockchain Association appeared first on CryptoSlate.

The investment firm attributed the surge partly to rising interest in layer-2 networks.

Kazakhstan crypto leaders have outlined plans to relax trading limits, license miners, and pair grid upgrades with foreign investors. Volumes at Astana’s finance centre have risen from $324 m to $1.4 bn, yet 91 % of activity still falls outside oversight, prompting calls for a nationwide framework. The post Kazakhstan Crypto Skyrockets to $1.4B as Nation Targets Central Asia Crypto Dominance appeared first on Cryptonews.

Coinbase and a marketing firm have agreed to pay $2,250,000 to settle a class action lawsuit related to a Dogecoin sweepstakes from 2021.

The new exchange traded fund aims to offer exposure to an array of crypto stocks and financial instruments. VanEck has launched a new actively managed exchange-traded fund (ETF) designed to invest in stocks and financial instruments offering exposure to the digital economy, the asset manager said on May 14. The VanEck Onchain Economy ETF (NODE) is listed on the Cboe exchange and aims to provide investors with broad exposure to companies operating in the blockchain ecosystem, including crypto miners, exchanges, infrastructure providers, and crypto-oriented financial technology platforms, VanEck said in a press release.  The NODE ETF will also “consider any company that has clearly communicated plans to engage in this space, as evidenced through public filings, earnings calls or investor materials,” VanEck said. Read more

Summer Mersinger’s move to the Blockchain Association comes as the CFTC looks poised to become the industry’s chief regulator.

DEK:The congressman said he thinks getting a stablecoin bill and a market structure bill on President Donald Trump’s desk by the August recess is “still doable.”

On-chain data firm CryptoQuant has identified the Bitcoin addresses of listed miners and has derived intra-month revenue for MARA, WULF, RIOT, HIVE, CORZ, CLSK, BITF, CIPHER and IREN. Annualised figures place WULF and MARA on 4.4× revenue multiples, while IREN trades at a discount. The post Bitcoin Miners WULF and MARA Trade at 4× Revenue Premiums, IREN Lags appeared first on Cryptonews.

The Pi Foundation has launched Pi Network Ventures, a $100 million fund to support startups integrating the Pi token into practical, real-world use cases. The initiative, announced on May 14, aims to boost adoption and drive long-term growth within the Pi ecosystem by targeting businesses beyond the traditional Web3 space. The Foundation stated that the […] The post Pi Foundation unveils $100 million investment initiative to drive real-world utility appeared first on CryptoSlate.

Altcoin season carries on as Bitcoin price consolidates throughout the week. Key points: Bitcoin remains above $100,000, but buyers are struggling to sustain prices above $105,000. Strong altcoin performances suggest an altseason has started. Read more

"We’re here 24/7, but your vigilance is the first line of defense," Richard Teng said.

Arkham has risen 6.5 % in 24 hours and 50 % this month, driven by a U.S. exchange linking its AI analytics with trading access. New wallet-tracking for major X accounts has boosted sentiment, but its $190 M valuation remains below peers, leaving upside toward the $1.79 technical target. The post Arkham ($ARKM) Sees 50% Monthly Gain: Can the Blockchain Intel Token Hit $1.79? appeared first on Cryptonews.

Luno has added a sixth staking option, Cosmos (ATOM), for South African investors. Early participants can earn up to 18% until 16 June 2025 before rates shift to as much as 11% per year. The update lifts Luno’s supported staking assets to Ethereum, Solana, Cardano, Polkadot, Near and Cosmos. The post Crypto Exchange Luno Adds Sixth Staking Wallet, Offering Users 18% on Cosmos appeared first on Cryptonews.

Some vanished into the ocean, others into thin air. A few weren’t even dead. Zerebro developer Jeffy Yu has been found alive at his parents’ home in San Francisco, days after faking his suicide on a livestream that launched a supposed posthumous memecoin past $100 million. Yu’s case isn’t the first time crypto has blurred the line between real death, faked death and something in between.  From missing founders to sealed caskets, the industry has a long history of exits that left behind more questions than closure. Read more