šŸ” Market Summary

Our detailed market analysis is being prepared and will be published here soon — stay tuned for insights and trends. ... Read full Market Summary

Core Scientific's largest shareholder to vote against CoreWeave buyout offer

Core Scientific's largest shareholder to vote against CoreWeave buyout offer

Two Seas Capital, the largest active shareholder of Bitcoin mining company Core Scientific, announced its intention to vote against the buyout offer proposed by AI infrastructure company CoreWeave.The investment company holds a 6.5% stake in Core Scientific and said the $9 billion valuation deal, fi…

SEC staff liquid-staking guidance leaves regulatory questions, could be contested

SEC staff liquid-staking guidance leaves regulatory questions, could be contested

The US Securities and Exchange Commission’s latest comments on liquid staking have sparked a mix of optimism and concern, highlighting the regulatory gray area surrounding one of crypto’s fastest-growing sectors. While some in the industry see the nonbinding guidance as a step forward for institutio…

Roman Storm’s early passion for code led to Silicon Valley, Tornado Cash — and a guilty verdict

Roman Storm’s early passion for code led to Silicon Valley, Tornado Cash — and a guilty verdict

Roman Storm, the Tornado Cash co-founder and developer, found an interest in computer software at a young age after his parents bought him a personal computer.Now, at 36 years old, he holds a guilty verdict for operating an unlicensed money-transmitting business, issued by a jury on Wednesday. He re…

Ripple to buy stablecoin payments platform Rail for $200 million

Ripple to buy stablecoin payments platform Rail for $200 million

Ripple announced Thursday that it will acquire stablecoin-powered payments platform Rail for $200 million, with the deal expected to close in the fourth quarter of 2025.The company said the move aims to expand its enterprise-grade digital asset infrastructure and ā€œdeliver the most comprehensive stab…

Paxos settles with New York regulator for $48.5M over Binance partnership

Paxos settles with New York regulator for $48.5M over Binance partnership

The New York Department of Financial Services (NYDFS) reached a $48.5 million settlement with crypto infrastructure company Paxos over its partnership with Binance and alleged failure to uphold sufficient anti-money laundering provisions.Paxos agreed to pay New York state a $26.5 million penalty and…

XRP tops $3 as Ripple case nears potential SEC dismissal

XRP tops $3 as Ripple case nears potential SEC dismissal

XRP, the world’s third-largest cryptocurrency by market cap, rose past $3 for the first time in over a week amid speculation that the US Securities and Exchange Commission (SEC) may drop its long-standing case against Ripple Labs. The XRP token recovered above the $3 psychological mark on Thursday …

XRP custody goes live for Korean institutions via BDACS amid ā€˜strong interest’

XRP custody goes live for Korean institutions via BDACS amid ā€˜strong interest’

South Korean crypto custodian BDACS has launched institutional custody support for XRP following its February partnership agreement with Ripple. The move provides institutions with regulated access to one of the world’s most actively traded digital assets.The rollout, announced via BDACS’s X account…

Here’s what happened in crypto today

Here’s what happened in crypto today

Today in crypto, the US SEC issued new guidance on liquid staking, spot Ether ETFs recorded their largest-ever daily outflow of $465 million, and President Donald Trump is reportedly preparing to sign an order investigating claims of debanking.US SEC says certain liquid staking activities fall outsi…

SEC's guidance on liquid staking tokens a win for DeFi, institutions

SEC's guidance on liquid staking tokens a win for DeFi, institutions

The crypto industry is hailing the US Securities and Exchange Commission’s latest guidance on liquid staking as a rare regulatory win, with stakeholders calling it a major step forward for decentralized finance and institutional adoption of digital assets.Released Tuesday, the SEC staff issued a gui…

Base blames faulty sequencer for 33-minute outage, fixes made

Base blames faulty sequencer for 33-minute outage, fixes made

Coinbase’s Ethereum layer-2 blockchain Base stopped producing blocks for 33 minutes on Tuesday after switching to a backup sequencer that wasn’t set up properly to process transactions.The incident began at 6:07 am UTC when the active sequencer started falling behind on block production, prompting C…

Ethereum proposes unified fee market to simplify transaction costs

Ethereum proposes unified fee market to simplify transaction costs

Ethereum co-founder Vitalik Buterin and developer Anders Elowsson have introduced EIP-7999, a proposal to streamline Ethereum's transaction fee structure.Ā Released on Tuesday, the proposal seeks to establish a unified multidimensional fee market, allowing users to specify a single aggregate maximum …

Michigan pension fund deepens Bitcoin exposure with $11M stake in ARK ETF

Michigan pension fund deepens Bitcoin exposure with $11M stake in ARK ETF

Michigan’s state pension fund has significantly increased its exposure to Bitcoin via the ARK 21Shares (ARKB) exchange-traded fund, highlighting how ETFs are streamlining access to digital assets for institutional investors.By the end of the second quarter, the State of Michigan Retirement System o…