Crypto

The Financial watchdog proposed severing the Cambodian conglomerate from the U.S. banking system, citing its links to North Korea.

The SEC is looking to drop its unregistered securities offering lawsuit against crypto YouTuber Ian Balina in the agency’s latest move to wind back its crypto enforcement. The US Securities and Exchange Commission has filed to drop another of its crypto lawsuits, this time its unregistered securities sales case against crypto influencer and YouTuber Ian Balina.  The SEC said in a May 1 joint stipulation with Balina to an Austin federal court that it “believes the dismissal of this case is appropriate,” citing the work of the agency’s Crypto Task Force. The agency didn’t give a reason for wanting to dismiss its case, but said its decision “does not necessarily reflect the Commission’s position on any other case.” Read more

Movement Labs suspended co-founder Rushi Manche following a third-party review of governance and recent issues related to a market maker and the MOVE token. The post Movement Labs Suspends Co-Founder After Suspicious MOVE Token Activity appeared first on Cryptonews.

A Texas Republican pushes to install crypto ATMs in federal buildings, aiming to align with what they describe as part of "Trump’s vision."

Movement Labs cites 'ongoing events' as the reason for suspension.

Sky proposed penalties on Maker tokenholders who are slow to upgrade to SKY tokens as the DeFi protocol pushes to finish its changeover. Decentralized finance (DeFi) lending platform Sky has pitched a proposal to finalize its upgrade from Maker by replacing its governance token and enabling staking. The proposal, posted on May 1 to Sky’s decentralized autonomous organization (DAO) forum, would see the Sky (SKY) token take over the Maker (MKR) token as the protocol’s governance token. If the DAO accepts, the change would be slated to take place around May 15 to May 19 and downgrading from SKY to MKR would also be disabled. Read more

Kraken says a North Korean actor applied for a tech job at the crypto exchange but foiled their plan after a tip-off from industry partners. US crypto exchange Kraken has detailed a North Korean hacker’s attempt to infiltrate the organization by applying for a job interview. “What started as a routine hiring process for an engineering role quickly turned into an intelligence-gathering operation,” the company wrote in a May 1 blog post. Kraken said the applicant’s red flags appeared early on in the process when they joined an interview under a name different from what they applied with and “occasionally switched between voices,” apparently being guided through the interview. Read more

A job interview at Kraken turned into a covert investigation after a job candidate raised suspicions of being a North Korean operative.

Inspired by the hit Netflix series "Black Mirror," the token uses AI to assign scores based on blockchain and social activity.

Faster biological aging—even in younger adults—may significantly raise dementia risk, according to a 14-year study of 280,000 people.

Kraken said its acquisition of NinjaTrader is complete, enabling traditional derivatives trading for US customers as the exchange’s revenue rose to $471.7 million in the first quarter. Crypto exchange Kraken has completed its acquisition of the futures trading platform NinjaTrader and reported its first quarter revenues jumped 19% year-on-year to $471.7 million. Kraken said in a May 1 report that its NinjaTrader acquisition would give its US customers access to the traditional derivatives market, aligning with its plans to expand its offerings and be the go-to platform for all types of trading. NinjaTrader is a registered Futures Commission Merchant with the Commodity Futures Trading Commission. Last month, it rolled out trading for over 11,000 stocks and exchange-traded funds to certain US clients. Read more

Users are hoarding NSFW models and looking for a new home after Civitai turned its back on them to allegedly appease Visa.

Investors ignore warnings as porn star’s Mikami memecoin raises millions, Alibaba subsidiary’s Ethereum L2 promises 100,000 TPS. Asia Express. Japanese porn star and pop singer Yua Mikami has launched a new memecoin project on Solana, raising more than $2.9 million (over 19,000 SOL) in its presale at the time of writing, despite mounting concerns over its management. The presale was announced on Mikamis X account, which boasts 8.2 million followers. She did not promote the project on her other major social platforms, TikTok and Instagram, which are followed by 4.5 million and 3.7 million accounts, respectively. Blockchain analyst EmberCN raised several red flags. The presale doesnt have a fixed exchange rate or fundraising cap, meaning investors receive a share of the 20% token allocation based on how much is raised. EmberCN also observed that some participants sent SOL directly from centralized exchanges, despite explicit warnings not to do so. Since the project also lacks a refund mechanism, those users may...

U.S. Senate Majority Leader John Thune has started the process toward a vote on the legislation to establish rules for stablecoin issuers.

The South Korean Fair Trade Commission (FTC) has classified the crypto exchange Bithumb as a conglomerate. The designation will force the company to adhere to a range of financial compliance rules. The post South Korean Regulator Designates Crypto Exchange Bithumb as a Conglomerate appeared first on Cryptonews.

Canary Capital filed an S-1 with the SEC on Thursday, seeking approval for an ETF that would give investors SEI exposure.

Trump Organization Executive VP Eric Trump said that his family being targeted by banks was what drove him to embrace cryptocurrency.

Publicly listed companies have bought roughly 157,957 Bitcoin (BTC) as of May 1, accounting for 96% of the 164,250 BTC projected to be mined throughout the year. Bitcoin Treasuries data shows that private companies added another 16,799 BTC to their holdings during the same period, while Bitcoin exchange-traded fund (ETF) issuers acquired 34,968 BTC.  Combined, […] The post Public companies have already acquired 96% of all Bitcoin to be mined in 2025 appeared first on CryptoSlate.

Tether’s current reserves excess is at its lowest point since Q2 2024 when the company held $5.3 billion in reserves. Tether, the company behind the world’s largest stablecoin by market capitalization, has released its financials for the first quarter of 2025, disclosing nearly $120 billion in exposure to US Treasurys and over $1 billion in operating profit. According to Tether’s Q1 2025 financial report, the company’s assets include $98.5 billion in direct US Treasury bills, along with over $23 billion in additional exposure through repurchase agreements and other cash-equivalent assets. According to the announcement, Tether holds $5.6 billion in excess of reserves for its USDt (USDT) stablecoin, down from $7.1 billion in excess from the last quarter of 2024. The stablecoin has a market capitalization of $149 billion as of May 1. Read more

Stocks rally alongside Bitcoin, calling into question the whole “decoupling” narrative. Are equities and BTC headed back to new highs? Key takeaways: Despite weak US manufacturing data, Federal Reserve liquidity plans and strong corporate earnings keep equities and crypto afloat. The total crypto market capitalization rose 8.5% since March. Read more