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Samourai Wallet Prosecutors Are Considering Dropping Charges Under New DOJ Crypto Enforcement Priorities: Filing

New York prosecutors are seemingly considering whether or not to drop their case against Samourai Wallet co-founders Keonne Rodriguez and William Lonergan Hill, according to a Monday court filing. In a joint letter to District Judge Richard Berman of …

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Will Arizona Become the First State to Join Feds in Planning a Bitcoin Reserve?

Arizona has broken new ground in what’s been a race among U.S. states to see which may become first to set up a crypto reserve as a formal part of their fiscal strategy, getting legislation approved with mostly Republican lawmakers in support. It’s …

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Coinbase’s Base Network Achieves ‘Stage 1’ Status, Reducing Centralization Risk

Base, the popular layer-2 network from cryptocurrency exchange Coinbase (COIN), is now a “stage 1” rollup, said the company, setting up its path towards full decentralization. The transition to a “stage 1” rollup comes as other layer-2s have also …

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Robinhood Crypto Revenue Expected to Fall in Q1 After Record Late 2024 Gain: JPMorgan

Robinhood’s (HOOD) record crypto trading revenue from the last quarter of 2024 may prove hard to repeat, according to JPMorgan analyst Kenneth Worthington, who forecast a drop in digital asset volumes for the first quarter of this year. The online …

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How $330M BTC Hacker May Have Doubled Down on Monero Derivatives

There’s something that stands out about Monday’s suspicious transfer of more than 3,520 BTC ($330.7 million) to privacy coin monero (XMR), a conversion that blockchain sleuth ZachXBT said was probably linked to a hack: coordinated activity in the …

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BONK Bets Gain Favor as New Token Issuance Platform Nets $800K in 3 Days

The dog-themed bonk inu (BONK) token on Solana could be one to watch for in the coming weeks as a new token issuance platform uses part of its fees to buy the token, with nearly $1 million generated in the first three days after launch. Letsbonk.fun …

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Polygon Spin-Off Miden Secures $25M to Bring Speed, Privacy to Institutional Giants

Miden, a protocol specializing in privacy and fast transaction speeds for large institutions, is spinning out of Polygon and has raised $25 million in a seed round. The funding will be used to develop the Miden’s roadmap, including ecosystem …

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$2B Bitcoin-Staking Protocol Solv Unveils First Shariah-Compliant BTC Yield Offering in the Middle East

Bitcoin staking protocol Solv, which has over $2 billion worth of BTC locked on its platform, announced Tuesday the launch of a Shariah-compliant yield product called SolvBTC.core. The new offering, a liquid staking token for BTC, has been developed …

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BlackRock’s IBIT Sees Second-Largest Bitcoin Inflow Since Launch, Nearing $1 Billion

The BlackRock iShares Bitcoin (BTC) Trust ETF (IBIT) saw $970.9 million in inflows, marking its second-largest net inflow since launching in January 2024, according to Farside veri. Monday accounted for $591.2 million in new capital, which saw heavy …

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Circle Wins Regulatory Nod From Abu Dhabi Watchdog as USDC Hits $62B

Circle, the issuer of the second-largest stablecoin, USDC, said it received in-principal regulatory approval from Abu Dhabi, paving the way for an expansion across the Middle East. The Financial Services Regulatory Authority (FSRA) of Abu Dhabi …

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