Coinbase will suspend trading of Movement’s MOVE token, citing “recent reviews,” following a CoinDesk investigation into market-making deals that experts said incentivized price manipulation. The token fell more than 13% on the trading suspension news, while the broader market gauge CoinDesk 20 Index rose 4.4%. Movement Labs is currently investigating how a market maker may … Read more
The panic that ensued following President Trump’s Liberation Day tariff announcements continues to fade, with bitcoin (BTC) and major U.S. stock averages surging anew. Bitcoin at press time was trading just above $97,000 for the first time in nearly ten weeks, up 3.3% over the past 24 hours and ahead 14% since Liberation Day. With … Read more
A Texas congressman is asking the federal government to consider installing cryptocurrency ATMs in federal buildings as a way to help foster the pro-digital assets stance pushed by President Donald Trump. Representative Lance Gooden asked the chief of the General Services Administration — the agency that maintains the government’s buildings and real estate — to … Read more
The Cosmos ecosystem is gaining significant institutional attention amid broader market volatility, with ATOM showing remarkable resilience after recovering from a drop to $4.23 on April 30th to stabilize above $4.38. The price of ATOM rose more than 4% in the last 24 hours, while the broader market gauge CoinDesk 20 Index climbed nearly the … Read more
Crypto investment firm dao5 raised a $222 million fund to invest in blockchain projects targeting institutional and government adoption. The fund brings the firm’s total assets under management to $550 million. Founded in 2022 by Tekin Salimi, a former partner at Polychain Capital, dao5 made early bets on projects including Story Protocol, Bittensor, Berachain and … Read more
Crypto ETF issuers may not have to wait much longer to expand beyond spot bitcoin and ether funds. Bloomberg ETF analysts Eric Balchunas and James Seyffart now see a 75% or greater chance the U.S. Securities and Exchange Commission (SEC) approves a range of spot altcoin ETFs by the end of 2025. Eight separate spot … Read more
Trump’s election campaign focused on crypto, and already in his first 100 days in office, we’ve seen progress in support of the crypto industry. Canada held an election on Monday — can we expect the same focus on crypto in other regions? In today’s Crypto for Advisors, Morva Rohani from the Canadian Web3 Council explains … Read more
A new government relations firm that includes former administration officials started operations in Washington, D.C. to help crypto and artificial intelligence companies shape U.S. policy. NexusOne Consulting is led by Jeff Ifrah, a white-collar defense attorney; Jim Trusty, a former government lawyer who has represented the Trump administration; and Ross Branson, who served in the … Read more
The U.K. needs to work harder at becoming a global center for the crypto industry to avoid falling behind countries like the U.S., industry executives told CNBC. The country has been saying it wants to be a crypto hub since 2022, before the current Labour government was elected, yet only this week did it start … Read more
Someday you’ll be out of a job. So will I, so will your neighbor, so will your best friend, and so will all of your family. All of our jobs will be automated, thanks to AI. This is the prediction of Shaw Walters (who in Web3 style typically just goes by “Shaw”), founder of Eliza … Read more
