Market News
Check out the news cycle for the past 24 hours and see what’s moving the market today!
Oklahoma enacts landmark legislation establishing rights to self-custody crypto
Oklahoma has become the first US state to legally protect the right to self-custody Bitcoin after passing a new bill. The newly signed legislation ensures that residents can hold, control, and use digital assets without state interference.
Crypto Mining Surge and Erratic Weather Strain Laos’ Power Grid
A report released on May 16 highlights how increased electricity consumption due to crypto mining and inconsistent rainfall have led to power shortages in Laos, challenging its goals as a hydropower exporter in Southeast Asia.
US Treasury strategy would tighten virtual asset regs, increase use of AI
Better regulations, greater enforcement and AI are going to be the focus of the Treasury's fight against illicit finance.
Prosecutors arrest two for laundering $73 million in ‘pig butchering’ scheme
Two people were arrested after allegedly orchestrating a scheme involving more than $73 million being laundered through U.S. financial firms.
ZkSync teases v24 upgrade, fueling airdrop rumors
Zksync said Friday in an X post that it would soon roll out its v24 upgrade, fueling rumors it would do an airdrop this summer.
Crypto firms rally behind FIT21 bill approaching US House floor vote
Lawmakers expect to vote on a bill clarifying how regulators handle digital assets by June after a majority in both chambers passed a resolution against an SEC crypto rule.
Dolce & Gabbana face class action lawsuit after NFT delivery kerfuffle
The suit alleges that delays in delivery caused purchased NFTs to lose 97% of their value.
Turkey Announces Proposed Law to Regulate Cryptocurrencies
Turkey has introduced a new legislative proposal to supervise crypto asset service providers and their activities. The bill, presented to parliament by President Tayyip Erdogan's party, focuses on licensing and registration obligations for…
US arrests two Chinese nationals in $73 million crypto scam
U.S. authorities charged two Chinese nationals in a cryptocurrency scam that laundered at least $73 million from defrauded victims, the Justice Department said on Friday.