Crypto

The EU plans to “record data on the senders and recipients of funds” to and from crypto-asset service providers, Paschal Donohoe said.

Publicity stunt master Justin Sun is finally blasting into space on Blue Origin — and you can join him. Vietnam’s new TradFi L1. Asia Express. Crypto exchange HTX (formerly Huobi) said it will send one user a $6 million ticket to blast off to space alongside Justin Sun in July 2025. The campaign will select five additional finalists to join seven previous winners to form a 12-person shortlist. One person will ultimately be chosen to participate in the commercial spaceflight. The exchange has actually been talking about doing this since 2021 when Sun was revealed as the winner of a $28 million auction for a ten minute trip into space. It’s unclear why the trip itself has been delayed so long, but scheduling conflicts have been cited. One bonus for Sun, is that he’s received four years of publicity about the very, very expensive promotion. The latest announcement comes amid renewed scrutiny of space tourism, following Blue Origins NS-31 mission in April that sent pop star Katy Perry, TV host Gayle King, and Jef...

Reddit plans to tighten verification processes after researchers used AI to manipulate users' opinions without consent.

The US Securities and Exchange Commission (SEC) filed a proposed settlement agreement with Ripple, CEO Brad Garlinghouse, and Executive Chairman Chris Larsen to resolve the Commission’s longstanding civil enforcement action against the company and its executives. In a filing submitted on May 8, the SEC and the defendants jointly requested that the US District Court […] The post SEC files to settle lawsuit with Ripple, execs over civil penalty dispute appeared first on CryptoSlate.

The head of the US Securities and Exchange Commission (SEC) Crypto Task Force, Hester Peirce, said the decade-long process that led to the approval of spot Bitcoin exchange-traded funds (ETFs) was mishandled, and urged crypto market participants to be patient with ongoing regulatory delays. In an interview on Bloomberg’s Trillions podcast, Peirce addressed the slow […] The post SEC’s crypto task force lead criticizes ETF approval process, highlights need for patience appeared first on CryptoSlate.

SOL Strategies has signed an MOU with Superstate to examine placing its listed shares on Solana via the Opening Bell platform. The initiative aligns with BlackRock’s $1.7 billion BUIDL expansion and Robinhood’s EU tokenized stock plans, boosting Solana’s role in compliant, real-time settlement. The post SOL Strategies Partners with Superstate to Pilot Solana Equity Tokenization on Surging Demand appeared first on Cryptonews.

The SEC and Ripple agreed that the fintech company will pay just $50 million to settle a long-running lawsuit over XRP sales.

Stablecoins continue to attract attention from big tech firms and legacy financial institutions, reacting to demand from retail investors. Tech company Meta is reportedly exploring integrating stablecoin payments into its platforms after a three-year hiatus from cryptocurrencies, Fortune reported, citing sources familiar with the matter. The Facebook parent held talks with several crypto infrastructure firms in consultation but has not chosen a decisive course of action, according to the report. One source said the company may take a multi-token approach and integrate support for popular stablecoins such as Tether's USDt (USDT), Circle's USD Coin (USDC) and others. Read more

After bipartisan backing, the GENIUS Act has fallen 48-49 in the Senate, delaying a stablecoin rulebook and leaving oversight to states. Treasury Secretary Scott Bessent says the setback dents dollar sway, while Democrats cite Trump’s $TRUMP gala and USD1-Binance deal as complicating factors. The post GENIUS Act Stalls After 49–48 Senate Vote, Stablecoin Framework in Limbo appeared first on Cryptonews.

USD1 has grown from $128 m to more than $2.1 bn within days, driven by sizeable BNB-Chain mints and MGX’s agreement to use the token for a $2 bn Binance investment. Backed by WLFI, the dollar-pegged coin now ranks seventh by market cap, has drawn investors across Europe, Asia and Latin America, and has been listed fee-free on HTX. The post USD1 Stablecoin Blasts 1,540% to $2.1B – Will Trump-Tied Token Keep Its Peg? appeared first on Cryptonews.

Bitcoin is back above $100K and pulling meme coins with it, with Dogecoin, Fartcoin, and President Trump's Solana coin showing massive gains.

Ex-Celsius CEO Alex Mashinsky was sentenced to 12 years in prison on May 8 for orchestrating a scheme that defrauded customers of the crypto lending platform by misrepresenting investment risks and manipulating the price of the company’s token, CEL. As Bloomberg News reported, the sentence was handed down by US District Judge John Koeltl in […] The post Former Celsius CEO Alex Mashinsky receives 12 years in prison over fraud scheme appeared first on CryptoSlate.

Santiment data reveals dramatic pivot in crypto conversations, from trade wars to AI agents and altseason speculation.

After a four-month prison stay last year, Binance founder Changpeng "CZ" Zhao admitted that he's seeking a pardon from President Trump.

District Judge Analisa Torres ordered Ripple to pay the SEC a $125 million fine last year. Under the new settlement agreement, Ripple will get the majority of that money back.

The company touted the speed and low cost of using XRP and related technologies in its payment network of medical service providers. Wellgistics Health, a healthcare infrastructure company, will integrate XRP (XRP) and related technologies into its payment network to streamline transactions between pharmacies, medical suppliers and prescription medication manufacturers, the company said in an announcement on May 8. Wellgistics cited the finality time of XRP transactions and reduced transaction costs, which are fractions of a penny, compared to legacy financial architecture like automated clearinghouse (ACH) payments or wire transfers, as reasons for using XRP. Brian Norton, CEO of Wellgistics Health, said in the announcement: The integration of XRP will reduce cross-border friction and allow transactions between different businesses in the supply chain to settle instantly, in real time, the announcement reads. Read more

The co-founder of Vana is building data DAOs and decentralized marketplaces to create an ecosystem of user-owned data. She will give the keynote at the AI Summit at Consensus May 16.

The crypto exchange giant's trading revenues fell 19% from its previous quarter amid challenges that afflicted crypto markets.

Standard Chartered’s head of digital assets research, Geoffrey Kendrick, said Bitcoin (BTC) appears on track to reach new record highs sooner than expected, driven by mounting institutional inflows and a global shift in asset allocation. In a May 8 investor note shared with CryptoSlate, Kendrick said he initially projected a $120,000 price target for the […] The post StanChart says Bitcoin could exceed $120K target for Q2 amid institutional, sovereign boom appeared first on CryptoSlate.

The deal reflects competition among crypto exchanges to dominate the burgeoning derivatives market.  Coinbase’s agreement to buy Deribit highlights the increasing importance of financial derivatives for cryptocurrency exchanges, according to industry executives.  On May 8, Coinbase, the US’s largest crypto exchange by trading volume, agreed to acquire crypto derivatives platform Deribit for $2.9 billion in the crypto industry’s largest corporate acquisition to date.   The deal reflects increasing competition among digital asset exchanges and brokerages — including Coinbase, Kraken and Robinhood — to dominate the burgeoning crypto derivatives market.  Read more