Cryptocurrency

Swan Bitcoin is facing a nearly $1 billion lawsuit tied to the 2023 collapse of crypto custodian Prime Trust. Summary PCT Litigation Trust seeks $970 million from Swan Bitcoin over…

Kevin Warsh is set to take over the Federal Reserve as traders lower their expectations for rate cuts before the next policy meeting. Summary Kevin Warsh enters the Fed as…

The Ethereum Foundation is facing fresh departures after researchers Carl Beek and Julian Ma said they are leaving the organization. Summary Carl Beek leaves Ethereum Foundation on May 29 after…

Minnesota has signed a new crypto custody law that lets banks and credit unions hold digital assets for customers from Aug. 1. Summary Minnesota banks can hold crypto from Aug.…

Galaxy Digital secured a BitLicense from New York on May 18 to offer regulated crypto services to institutions. Summary Galaxy Digital’s subsidiary GalaxyOne Prime NY received a BitLicense and Money…

Revolut launched its first physical crypto card on May 18, a Dogecoin-themed LED card for the UK and EEA. Summary Revolut unveiled its first physical crypto card with a Dogecoin…

Bitwise will devote 10% of its HYPE ETF management fee to buying HYPE on its balance sheet. Summary Bitwise announced it will devote 10% of its BHYP Hyperliquid ETF management…

Shiba Inu saw billions of SHIB hit exchanges on May 18 as crypto market liquidations accelerated. Summary Over 3 billion SHIB tokens were pushed onto exchanges on May 18, raising…

SpaceX Bitcoin holdings stand at $637m, on-chain data shows, making it the fourth largest known corporate holder. Summary SpaceX holds 8,285 BTC worth approximately $637m in Coinbase Prime custody, per…

HIVE Digital is pivoting from Bitcoin mining to a CAD 3.5b, 320 MW Toronto AI “super factory” hosting 100,000+ GPUs, sending its stock up over 35% on the news. Summary…