Month: April 2025

Tech investor Chamath Palihapitiya highlighted the rising dominance of stablecoins in the global financial system Tuesday, deeming them one of the hottest cryptocurrency narratives besides Bitcoin (CRYPTO: BTC). What Happened: As part of his deep dive into the stablecoin market, Palihapitiya noted that stablecoins’ weekly transaction volumes have exceeded that of Visa...

The Arizona House of Representatives greenlit two bills on Monday that could establish a Bitcoin (CRYPTO: BTC) or other cryptocurrency reserves in the state. What Happened: Senate Bill 1025, called the Arizona Strategic Bitcoin Reserve Act,  secured 31 votes in favor and 25 against. The legislation proposed allocating up...

Arizona’s legislature has passed a pioneering measure that could allow the state to invest billions of dollars in Bitcoin (BTC) and other cryptocurrencies. The legislation, known as S.B. 1025, permits state public funds to allocate up to 10% of their managed assets into digital assets, positioning Arizona as a...

Alex Mashinsky, the founder and former CEO of collapsed crypto lender Celsius Network, faces the prospect of spending the next two decades behind bars if the U.S. Department of Justice’s sentencing memo request is granted. In the memo filed late Monday, the DOJ urged the court to impose a...

Bitcoin and broader crypto markets were little changed in the past 24 hours with exchange-traded funds (ETFs) tracking the asset attracting over $590 million in inflows on Monday, extending a six-day streak. That marked a week of inflows for the first time since late March, coming as bitcoin’s appeal...

A trio of major Abu Dhabi institutions, including the Emirate’s sovereign wealth fund, have teamed up to launch a new dirham-pegged stablecoin. Abu Dhabi’s sovereign wealth fund ADQ, the United Arab Emirates’ largest bank, First Abu Dhabi Bank (FAB), and the massive conglomerate the International Holding Company, have partnered...

The Ethereum Foundation has overhauled its leadership to better separate management and board responsibilities.  The announcement was made in an Apr. 28 blog post. Hsiao-Wei Wang and Tomasz K. Stańczak have been named co-executive directors under the new arrangement. They…...

Metamask is teaming up with Mastercard and crypto payments company Baanx to launch a metal payment card that will let users spend crypto straight from their wallets without giving up control. In an Apr. 28 press release, payment card manufacturer…...

Coinbase Asset Management is launching a new Bitcoin investment product targeting institutional investors. According to the company’s  Apr. 28 official announcement, the Coinbase Bitcoin Yield Fund is designed to offer long-term exposure to Bitcoin (BTC) while providing a 4–8% net…...

Arizona has made history as the first U.S. state to pass legislation establishing a Strategic Bitcoin Reserve, following a voting session by the state legislature on Apr. 28. Senate Bill 1025 was approved by the Arizona House by a vote…...