Crypto News

The U.S. SEC closes investigation into Immutable X

March 26, 2025 1 min read

Since January, the U.S. Securities and Exchange Commission (SEC) has ended several investigations into various crypto companies. This includes firms like Kraken, Coinbase, Gemini, MetaMask, OpenSea, Robinhood, and UniSwap. The SEC has also formed a crypto task force led by Commissioner Hester Peirce. This task force aims to clarify how existing securities laws apply to cryptocurrencies. Immutable, an Australian crypto company, welcomed the U.S. government’s efforts to establish clear regulations

GameStop confirms plans to adopt Bitcoin as a treasury reserve asset

March 26, 2025 1 min read

GameStop has officially added Bitcoin to its balance sheet. This decision was confirmed during its fourth quarter earnings release. The company’s board of directors unanimously approved this move, which aligns with earlier reports about GameStop’s plans to invest in Bitcoin and possibly other cryptocurrencies. Following the announcement, GameStop’s shares rose by over 6% in after-hours trading. Bitcoin itself remained stable, trading just below $88,000. GameStop has not revealed how much

World Network is in early talks with Visa to launch a stablecoin wallet

March 26, 2025 2 mins read

World Network, formerly known as Worldcoin, is in early talks with Visa about creating a stablecoin wallet. This partnership aims to integrate crypto payments into Visa’s extensive global network. The discussions were initiated by Tools for Humanity, the company behind World Network. The goal is to develop a wallet that functions like a “mini bank account.” This wallet would include features like fiat on-ramps, foreign exchange capabilities, and on-chain card

Tether is in talks with Big Four firms for a third-party audit as stablecoin regulations tighten

March 25, 2025 2 mins read

Tether, the company behind the largest stablecoin, is in talks with a Big Four accounting firm for a third-party audit. CEO Paolo Ardoino confirmed that these discussions are to meet new U.S. stablecoin regulations. These regulations will require independent audits for stablecoin issuers in the U.S. market. Ardoino stated that getting an audit is a top priority. There is growing interest from the U.S. government in stablecoins, especially after former

Strategy now holds 2.55% of Bitcoin’s circulating supply

March 25, 2025 1 min read

Strategy has significantly increased its Bitcoin holdings, surpassing the 500,000 BTC mark. This makes it the largest corporate holder of Bitcoin. On March 24, the company purchased 6,911 BTC for $584.1 million. The average price paid was $84,529 per coin. With this latest purchase, Strategy now holds a total of 506,137 BTC. The total investment in Bitcoin amounts to $33.7 billion, with an average cost of $66,608 per coin. The

Pi Network community launching PiDaoSwap, a DEX

March 25, 2025 2 mins read

The Pi Network community is creating a decentralized exchange (DEX) called PiDaoSwap. This initiative aims to combat price manipulation by outside exchanges. The goal is to help Pi Coin reflect its true market value, free from the influence of third-party platforms that may distort its price. PiDaoSwap is nearing completion and will soon launch on the Pi Network mainnet. Community sources, including Pi Network VietNames, state that the DEX will

Ripple Co-Founder uses XRP profits to fund Vast Space

March 25, 2025 1 min read

Jed McCaleb, a co-founder of Ripple and Stellar, is investing his cryptocurrency wealth into space exploration. He has started a new company called Vast Space, which aims to launch Haven-1, the first commercial space station, by 2026. McCaleb, who made billions from selling XRP, is expected to provide significant funding for this project. Max Haot, the CEO of Vast Space, stated that Haven-1 is not intended for tourism. Instead, it

Arthur Hayes predicts Bitcoin will rise to $110,000 before retracing to $76,500

March 24, 2025 1 min read

Arthur Hayes, co-founder of BitMEX, predicts that Bitcoin’s price will rise significantly. He believes it will surpass $110,000 before dropping to $76,500. This prediction comes as the Federal Reserve shifts from tightening to easing its monetary policy. Hayes thinks this change will add liquidity to the market, boosting Bitcoin’s value. He is not worried about tariffs affecting Bitcoin’s price and considers inflation to be temporary. Markus Thielen, founder of 10X

Coinbase quickly stops a supply chain attack on its agentkit AI tool

March 24, 2025 2 mins read

Coinbase has successfully thwarted a cyberattack targeting its open-source AI toolkit, agentkit. The attacker aimed to exploit GitHub permissions to insert harmful code into the project’s automated build system. Thanks to Coinbase’s quick response and support from security experts, no significant damage occurred. The incident was first reported on March 23 by Yu Jian, founder of the security firm SlowMist. He referenced a detailed report from Unit 42, the security

Canary Capital files for that ETF in a registration statement to the SEC

March 23, 2025 1 min read

Canary Capital has submitted a proposal for a new type of exchange-traded fund (ETF) called the Pengu ETF. This would be the first ETF of its kind. The firm is an institutional crypto trading and management company. They filed the registration statement with the U.S. Securities and Exchange Commission (SEC) on Thursday. The Pengu ETF will invest in non-fungible tokens (NFTs) and various cryptocurrencies. Specifically, it will focus on the

Coinbase to acquire Deribit

March 23, 2025 1 min read

Coinbase is in advanced talks to acquire Deribit, a leading trading platform for bitcoin and ether options. This information comes from Bloomberg, which cites anonymous sources. Both companies have informed Dubai regulators about these discussions, as Deribit holds a license there. Any buyer would take over this license. Coinbase is the largest crypto exchange in the U.S., while Deribit is the biggest for options trading. Coinbase has not confirmed the

Strategy plans to raise $711 million for Bitcoin acquisitions and working capital

March 23, 2025 1 min read

Strategy, a business intelligence firm led by Michael Saylor, announced plans to raise about $711 million through a new stock offering called ‘Series A Perpetual Strife Preferred Stock’ (STRF). This move aims to boost its Bitcoin reserves, which are nearing 500,000 BTC. Due to high demand, the company increased its offering from 5 million to 8.5 million shares. Each share is priced at $85. The preferred stock will earn cumulative