UK’s FCA Leads Major Raid on Unregistered Crypto Traders in London
The Financial Conduct Authority (FCA) of the UK announced Wednesday that it executed its initial coordinated raids targeting unauthorized peer-to-peer cryptocurrency trading, focusing on eight premises in London with assistance…
Justin Sun Claims Extortion Attempt by Trump-Endorsed Crypto Venture
In a recent lawsuit, Justin Sun alleges that the crypto venture backed by Donald Trump, World Liberty Financial, threatened to obliterate his WLFI tokens and report him to U.S. authorities…
Is Bitcoin Heading Towards a Bull Market Rally Within Three Weeks?
The cryptocurrency market stands at a crossroads where it may soon decide between two starkly different paths. Despite the persistence of traders paying to remain short, indicators such as ETF…
OpenAI Unveils Open-Source Privacy Tool for ChatGPT Interactions
Millions of users input sensitive information into ChatGPT daily—tax documents, medical records, and emails containing client names, to name a few. Now, OpenAI has introduced a free tool that pre-cleans…
Keel and Hive Shares Surge as Transition from Bitcoin Mining to AI Gains Momentum
Publicly traded entities Keel Infrastructure (KEEL) and Hive Digital Technologies (HIVE), both transitioning from Bitcoin mining to AI-centric data centers, saw a significant rise in their shares on Wednesday following…
Banking Sector Seeks Delay in GENIUS Act Implementation on Stablecoin Regulations
In a notable development, banking institutions have once again found themselves at the forefront of regulatory initiatives concerning cryptocurrency. This week, a group of U.S. bank trade associations petitioned the…
Kelp DAO Exploited in $292 Million Heist
A significant cross-chain bridge tied to Kelp DAO was recently drained of nearly 18% of its circulating supply of rsETH (restaked ether), resulting in a loss estimated at $292 million.…
DeFi Infrastructure Safeguarded by Emerging Policies
In our weekly institutional newsletter, Crypto Long & Short, we discuss the surge of traditional finance firms integrating DeFi initiatives, marking a promising embrace of 21st-century financial technology innovations. The…
Elon Musk’s Space-Based AI Data Centers Face Uncertain Future: SpaceX Caution to Investors
Investors are being cautioned by SpaceX regarding Elon Musk’s ambitious venture of deploying artificial intelligence data centers in orbit, which might not prove commercially viable. A Reuters report cites a…
‘Axie Infinity’ Network Ronin Announces Ethereum Layer-2 Migration Date
The blockchain network Ronin, which supports gaming platforms such as Axie Infinity and Pixels, is set to transition into a genuine Ethereum layer-2 scaling network on May 12. This marks…