French authorities have allowed Telegram co-founder Pavel Durov to travel to Dubai, following his arrest in France for alleged complicity in sharing illegal content on the app. Durov, worth $13.9 billion, has been cooperating with authorities and made changes to the app's functions.
Altcoin Hyperliquid experienced a 6% drop in the last 24 hours, making it the worst performer among the top 100 cryptocurrencies. The token fell to its lowest level in 10 days, but is still up over 40% in the last month due to its dominance in perpetual futures trading.
Over 16 billion login credentials have been exposed in a massive data breach, affecting popular services like Facebook, Google, Telegram, and GitHub. Cybernews researchers believe the leaked data could lead to identity theft, account takeovers, and targeted phishing attacks.
Phantom's attorneys are contesting WIENER DOGE's creator, Liam Murphy, serving as the sole attorney for plaintiffs in a lawsuit against the popular crypto wallet Phantom. Murphy argues that his family members, who were gifted WIENER DOGE tokens, cannot afford a specialized crypto litigator.
The Ohio Blockchain Basics Act, if signed into law by Governor Mike DeWine, would protect digital asset users and miners, allowing for mining in residential and industrial areas. The bill also exempts individuals involved in crypto activities from certain financial laws.
Coinbase aims to introduce trading for tokenized equities pending SEC approval, as stated by the firm's chief legal officer. The move could lead to lower transaction costs and 24/7 trading for assets like tech stocks on blockchain networks.
The U.S. Senate passed the GENIUS Act, establishing a framework for stablecoins, which are pegged to the U.S. dollar. This legislation could bring trillions of dollars into the crypto market, with major players like banks and tech giants expressing interest.
Fold has announced an agreement to issue and sell $250 million in new shares to purchase more Bitcoin. The company will sell shares to selected investors and institutions, with no set timeline for the sale. Currently, Fold's stock is trading at $4.57, down nearly 3%.
The Ink Foundation, purportedly an independent entity distinct from Kraken, will introduce the INK token for Kraken's Ethereum layer-2 network, Ink. INK, with a fixed supply of 1 billion tokens, will support DeFi on the Ink blockchain, starting with a liquidity protocol powered by Aave.
Donald Trump's crypto holdings generated over $58 million in revenue in 2024, making it his second largest income source after his hospitality businesses. With significant gains from World Liberty Financial and his meme coin, digital assets are expected to become his primary income stream in 2025.
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