Crypto

AI and crypto czar David Sacks touted the Trump administration's early wins during Bitcoin 2025, including the pardon of Ross Ulbricht.

The eldest son of U.S. President Donald Trump said his family’s interest in crypto was, at least at first, “a product of necessity.”

Nasdaq has filed with the SEC to list 21Shares spot Suit ETF, jumpstarting the agency’s review of the proposed listing. Nasdaq has filed for crypto asset manager 21Shares to list a spot Sui exchange-traded fund (ETF) in the US, initiating the Securities and Exchange Commission’s review process. The stock market’s May 23 19b-4 filing, which asks the SEC to list the 21Shares SUI ETF, follows 21Shares’ April 30 submission of its S-1 registration statement to the SEC, which asked the regulator to approve trading of the proposed fund. Both regulatory filings are needed for the Sui (SUI) tracking fund to gi live, with the 19b-4 filing kicking off the SEC’s review process. The agency must decide whether to accept, reject or delay the application within 45 days and it can delay its decision multiple times, for a maximum review period of 240 days. Read more

Blockstream CEO Adam Back believes America’s first “crypto president” is a net positive for the space, even despite recent controversies.

Another man was arrested in New York to face charges related to an abduction case that left a Bitcoin investor tortured and held for weeks.

TRX could be a top altcoin play with the strength of Bitcoin fueling highly correlated tokens, analyst says.

The Wyoming Republican said she’s concerned the Senate Banking Committee has lost the “muscle memory” needed to actually legislate.

Fast food chain Steak ‘n Shake has expanded its payment options to include Bitcoin (BTC) at all of its locations globally, where regulations permit. The rollout, which began on May 16, utilizes the Lightning Network to enable faster and lower-cost transactions. The company’s COO, Dan Edwards, revealed the development on May 27 at the Bitcoin […] The post Fast food giant Steak ‘n Shake launches Bitcoin payments, boosts financial efficiency appeared first on CryptoSlate.

Robinhood CEO Vlad Tenev said at Bitcoin 2025 that AI could lead to "single-person companies"—just like how Satoshi Nakamoto created BTC.

ETH bulls find a reason to go long after SharpLink Gaming reveals plans to form a $425 million Ethereum treasury. Key takeaways: SharpLink Gaming establishes the first ETH treasury, backed by Ethereum co-founder Joe Lubin. SharpLink will invest $425 million to acquire 120,000 ETH. Ethereum futures open interest hits an all-time high of $36.1 billion, with ETH price climbing 4.5% on the daily chart. Read more

The incident is the latest in a string of "wrench attacks" and other violent crimes targeting crypto investors and industry professionals. A third individual, suspected of being connected to the recent kidnapping, torture and attempted extortion of an Italian tourist in New York City, surrendered to law enforcement on May 27. 33-year-old William Duplessie was taken into custody by the New York Police Department (NYPD) and will be charged with “kidnapping and false imprisonment of an associate,” NYPD Commissioner Jessica Tisch said. The incident comes amid a string of kidnappings and ransom attempts targeting crypto investors and their loved ones, prompting additional security measures from investors and industry executives. Read more

Bo Hines told the 2025 Bitcoin Conference in Las Vegas on May 27 that the federal government will hold every Bitcoin (BTC) already in custody and pursue additional budget-neutral ways to increase its Strategic Bitcoin Reserve. Hines, who serves as the executive director of the President’s Council of Advisers for Digital Assets, described Bitcoin as […] The post Bo Hines declares the US won’t sell Bitcoin, seek endless accumulation for strategic reserve appeared first on CryptoSlate.

The bank's Head of Digital Assets thinks Solana needs to find use cases in "high-throughput financial apps."

Christy Romero has warned that oscillating policy between regulation and deregulation could unsettle U.S. markets, urging bipartisan steadiness in her final CFTC address. She will exit on May 31 as President Trump taps former commissioner Bryan Quintenz, a crypto holder, to lead the regulator. The post ‘Big Swings’ in Regulation Threaten U.S. Markets, Warns Departing CFTC Commissioner appeared first on Cryptonews.

VanEck's head of digital assets, Matthew Sigel, said sustainable Bitcoin reserve growth must happen gradually through Congressional bills. Building a permanent US strategic Bitcoin reserve would likely require targeted legislation rather than executive action, according to VanEck’s head of digital assets, Matthew Sigel. Speaking at Bitcoin 2025 in Las Vegas, Sigel said the most viable path forward may involve inserting Bitcoin mining incentives into the congressional budget reconciliation process. According to Sigel, the most effective path to growing a US strategic Bitcoin reserve would be through targeted amendments to congressional budget legislation. These could include tax credits for mining companies that use methane gas and other incentives aimed at encouraging miners to share a portion of their mined BTC with the federal government. He argued that such an approach would allow the reserve to grow organically over time. Sigel also highlighted the limitations of executive actions in achieving this goal: ...

Sui-based protocol Cetus said on May 27 that it can reimburse every user affected by its May 22 exploit if Sui token holders approve the return of frozen funds in an upcoming on-chain vote. Cetus said in a May 27 social media post that its cash and token reserves, combined with a secured loan from […] The post Cetus seeks Sui community nod to unlock $162M to make users whole appeared first on CryptoSlate.

Luxury fashion brand 9dcc, which launched physical fashion connected to on-chain tokens, is closing up shop amid economic challenges.

The Trump administration is working on bills related to stablecoins, market structure and the Bitcoin Strategic Reserve “in that order.” US President Donald Trump supports the BITCOIN Act and has a team of experts in the White House working to roll out landmark digital asset legislation in the coming weeks, according to Wyoming Senator Cynthia Lummis.  Speaking at the Bitcoin 2025 conference in Las Vegas, Nevada, Lummis said she is bringing the BITCOIN ACT to the “attention of the American people and the world,” adding that, “President Trump supports the bill.” In March, Lummis reintroduced the BITCOIN Act — landmark legislation that directs the US government to acquire 1 million Bitcoin (BTC) over five years. The acquisitions would be financed using existing funds within the Federal Reserve System and the Treasury Department.  Read more

El Salvador has kept purchasing bitcoin, but the IMF seems unfazed.

It's the first time that MetaMask integrates a non-EVM network.