Crypto

Idle capital will be deployed onchain into real-world asset (RWA) projects, the asset manager said. VanEck plans to launch a private digital assets fund in June targeting tokenized Web3 projects built on the Avalanche blockchain network, the asset manager said in a statement shared with Cointelegraph. The VanEck PurposeBuilt Fund, available only to accredited investors, aims to invest in liquid tokens and venture-backed projects across Web3 sectors, including gaming, financial services, payments, and artificial intelligence.  Idle capital will be deployed into Avalanche (AVAX) real-world asset (RWA) products, including tokenized money market funds, VanEck said. Read more

Ethereum Price Prediction has turned more optimistic after ETH has climbed to $2,535 and held gains post-Pectra. Traders have cited a bull flag on the daily chart and a looming golden cross in the 12-hour timeframe, projecting a possible 45 % rise toward $3,600 in the coming weeks if volume confirms. The post Ethereum Price Prediction: Bull Flag Points to $3,600 – But This One Indicator Could Push It to $5K appeared first on Cryptonews.

Tokenized RWAs should not be treated as derivatives, according to Robinhood.

World Network has raised $135 million by selling WLD tokens at market prices to early supporters a16z and Bain Capital Crypto, expanding the circulating supply. The funding has backed a first U.S. rollout, USDC integration and partnerships such as Razer, as more users seek Orb-verified World IDs. The post World Network Sells $135M in WLD; Token Surges 14% Amid Identity Arms Race appeared first on Cryptonews.

Tech giant Google introduced a suite of powerful generative tools while adding hefty price tags for premium access.

Hong Kong has passed its Stablecoin Bill in a third reading, setting a detailed licensing path for fiat-backed tokens. By clarifying backing rules and interest treatment, the city has positioned itself as a regulated hub and invited banks and crypto firms to file with the HKMA before 2025. The post Hong Kong Passes Stablecoin Bill, Paving Way for Licensing Regime by Year-End appeared first on Cryptonews.

The US president's intention to host a dinner for people who purchased millions of dollars worth of his memecoin has contributed to slowing or halting crypto bills in Congress. A Democratic representative in the US Congress will support a blockchain bill at a time when many left-leaning lawmakers are blocking crypto-related pieces of legislation due to concerns with President Donald Trump’s potential conflicts of interest. In a May 21 notice, Minnesota Representative Tom Emmer said he had reintroduced the Blockchain Regulatory Certainty Act, a bill that “solidifies that digital asset developers and service providers that do not custody consumer funds are not money transmitters.”Emmer, a Republican, said Democratic Representative Ritchie Torres would co-lead the bill, making it a bipartisan effort in Congress. “The Blockchain Regulatory Certainty Act reflects a thoughtful, bipartisan effort to get digital asset policy right,” said Torres. “While similar language was voted down in markup last Congress, we took ...

OpenAI announced on May 21 that it will acquire Jony Ive’s artificial intelligence hardware startup io in an all-equity transaction valued at approximately $6.4 billion, according to a report by CNBC. The acquisition, OpenAI’s largest to date, marks a decisive step into hardware for the company best known for its generative AI models. The deal […] The post OpenAI ventures into hardware with $6.4B deal for legendary designer Jony Ive’s startup io appeared first on CryptoSlate.

Every member of the five-seat panel who had been serving at the CFTC in January could depart before 2026. Kristin Johnson of the US Commodity Futures Trading Commission (CFTC) has announced that she plans to depart the agency before 2026. In a May 21 notice, Johnson said she planned to step down from the CFTC “later this year,” having completed her term, which ended in April. The commissioner filling a Democratic seat at the financial regulator had served since March 2022 after being nominated by former President Joe Biden. In her farewell message, Johnson cited her work as a sponsor of the Market Risk Advisory Committee, which dealt with “nascent issues that arise with the introduction of decentralized financial products such as digital assets or cryptocurrency and other emerging markets.”  Read more

Hailey Welch has confirmed she was questioned by SEC and FBI agents after the HAWK meme-coin soared to a $400 m valuation then collapsed. Cleared of wrongdoing, the influencer has said she read pre-written promos, had no wallet control and now regrets steering followers into the failed token. The post Feds Probed Hailey Welch After $400M ‘Hawk Tuah’ Meme Coin Imploded appeared first on Cryptonews.

Solana Mobile stands to gross at least $67.5 million in pre-sales of its Seeker device. Solana Mobile, a subsidiary of blockchain technology company Solana Labs, has revealed the next steps for its soon-to-be-shipped Seeker device and the overall ecosystem. The steps include a new, trustless architecture, a native token, and the Seeker ship date. According to the announcement, Solana Mobile will ship the device starting Aug. 4. Seeker is the company’s second-generation device, after the Saga Web3 phone that launched in April 2023. The company unveiled the Seeker phone in September 2024, saying it wouldn’t just be a “memecoin phone.” So far, it has pre-sold 150,000 units. Read more

The position’s liquidation price was upped to $104,000.

The GENIUS Act has advanced after a 66-32 Senate cloture vote, showing bipartisan momentum for the first comprehensive US stablecoin framework. Backers say it would clarify rules and protect consumers; critics fear it could widen Donald Trump’s sway via USD1. A final vote is due after Memorial Day. The post GENIUS Act Wins Industry Praise From Blockchain Association As Crypto Sector Awaits Final Vote appeared first on Cryptonews.

The digital identification project faces regulatory headwinds in the form of bans and legal scrutiny in several countries. World, OpenAI CEO Sam Altman’s digital identification project, raised $135 million from venture capital firms Andreessen Horowitz and Bain Capital Crypto, the company said in an announcement. The capital will be used to expand World's network of iris-scanning orbs and infrastructure in the United States, where the company said in April it would operate in six cities, and increase coverage around the globe, according to the announcement. More than 12.5 million individuals in over 160 jurisdictions have been issued a World ID, the company said. Read more

US lawmakers advanced two blockchain-related legislative efforts on May 21, approving the GENIUS Act for debate and reintroducing the Blockchain Regulatory Certainty Act in the House. Lawmakers voted 69–31 to approve a motion to proceed on the Government and Enterprise Need for Innovation in the United States Act, or GENIUS Act, allowing formal debate and […] The post GENIUS Act clears Senate motion, House lawmakers reintroduce Blockchain Certainty Act appeared first on CryptoSlate.

The jury in John Karony's case took a matter of hours to deliberate after a roughly two-week trial, during which he repeatedly claimed he was innocent. A New York jury found Braden John Karony, the former CEO of cryptocurrency company SafeMoon, guilty of three felony charges after less than a day of deliberation. According to May 21 reporting from the courtroom, in the US District Court for the Eastern District of New York, a jury convicted Karony of conspiracy to defraud the United States, money laundering and wire fraud. Prosecutors and defense lawyers presented their cases over the roughly two-week trial that kicked off with jury selection on May 5. Karony, former chief technology officer Thomas Smith and Kyle Nagy, the platform’s creator, were charged in 2023 for having allegedly “diverted and misappropriated millions of dollars’ worth” of SafeMoon’s SFM token. Smith testified against Karony at trial, while Nagy reportedly fled to Russia and was at large as of May 21. Read more

Bitcoin reaches a new all-time high amid strong weekly momentum with price targets as high as $320,000, but caution is urged. Key takeaways: Bitcoin’s $109,458 all-time high aligns with seven consecutive green weekly candles since April, highlighting the strength of the current bullish momentum. Analysts expect BTC to reach between $135,000 to $320,000 in 2025. Read more

Bitcoin’s surge has lifted $BONK 6.5% to $0.00002079 while maintaining a 63.8% monthly rise. Nearly one million holders and fresh whale allocation of 33.8 billion tokens suggest strong support, encouraging traders to watch for a move toward the December 2024 peak at $0.00005916. The post Smart Money Bets on $BONK: 63% Weekly Gainer Eyes $0.000039 High as Retail Hype Returns appeared first on Cryptonews.

Jeremy Jordan-Jones lied to investors about Amalgam’s purported partnerships with sports teams including the Golden State Warriors, according to prosecutors.

Bipartisan passage of the GENIUS Act has advanced federal stablecoin rules, mandating full Treasury or dollar backing, imposing audits on issuers over $50 bn and tightening foreign oversight—measures analysts believe have set the stage for institutional DeFi growth and a multi-year crypto rally. The post GENIUS Act Pass Spurs Bitwise CIO’s $2.5T Crypto Boom Forecast appeared first on Cryptonews.