Crypto News

Falcon Finance Surpasses $350 Million in USDf Circulating Supply

May 18, 2025 2 mins read

Falcon Finance, a next-generation synthetic dollar protocol backed by DWF Labs, announced it has surpassed $350 million in circulating supply of its overcollateralized digital asset, USDf. This milestone underscores the protocol’s rapid ascent within two weeks from public launch as a credible, transparent, and scalable solution for on-chain dollar demand.  The announcement follows a strong wave of adoption since Falcon’s public launch, building on momentum two weeks from a successful closed

The SEC reportedly investigates whether Coinbase inflated its user metrics in its public filings

May 16, 2025 2 mins read

The U.S. Securities and Exchange Commission (SEC) is currently investigating Coinbase to determine if the cryptocurrency exchange misled investors by overstating its user metrics during its public debut in 2021. This investigation was first reported by The New York Times, which cited anonymous sources indicating that the SEC is examining Coinbase’s past disclosures, particularly its registration statement for its direct listing. At that time, Coinbase claimed to have over 100

FTX is set to distribute over $5 billion to creditors starting May 30, 2025

May 16, 2025 1 min read

FTX is preparing to initiate its second round of creditor payouts on May 30, aiming to distribute over $5 billion to eligible claimants, as announced by the company. This payout will be processed through either BitGo or Kraken, with payments expected to reach recipients within one to three business days. This upcoming distribution is part of FTX’s ongoing bankruptcy proceedings and follows the initial payouts that began in February for

Ukraine prepares a new bill that could make Bitcoin part of its national reserves

May 15, 2025 1 min read

Ukraine is on the verge of introducing a new bill that could incorporate Bitcoin into its national reserves, a move aimed at enhancing the country’s financial resilience amid ongoing wartime challenges. Yaroslav Zhelezniak, a member of the Ukrainian parliament, announced during the CRYPTO 2025 event in Kyiv that the draft proposal is nearing submission, which would legally enable the government to accumulate cryptocurrency reserves. This initiative aligns with a growing

Coinbase launches a $20 million bounty

May 15, 2025 1 min read

Coinbase has announced a $20 million reward program aimed at identifying and prosecuting those responsible for a recent data breach involving bribed customer service agents and extortion attempts. The breach, which affected less than 1% of the company’s monthly transacting users, involved cybercriminals paying overseas support staff to access sensitive customer information from internal systems. However, Coinbase reassured users that passwords, private keys, and access to customer funds were not

Bitget Lists Trending Believe App-based LaunchCoin (LAUNCHCOIN) for Spot Trading

May 15, 2025 3 mins read

Bitget, the leading cryptocurrency exchange and Web3 company, has announced the listing of Launch Coin for spot trading. Deposits are currently open, and withdrawals will be available from May 14, 2025, at 12:00 UTC. The trading pair LAUNCHCOIN/USDT can be accessed via the Bitget platform. Launch Coin is a token associated with the Believe app (previously clout.me), a Web3-based SocialFi platform aiming to revolutionize fundraising and project launching by enabling

BNB Chain Foundation Completes New Rounds of Asset Purchases Under Its $100M Incentive Program

May 14, 2025 1 min read

The BNB Chain Foundation has executed two new rounds of token purchases as part of its ongoing $100M Incentive Program, which supports qualified projects building on the BNB Chain. Details of Recent Purchases: A total of $100,000 has been used to acquire $SKYAI in four transactions of $25,000 each: $25,000 purchase from $AIOT: Transaction. $25,000 purchase from $TST: Transaction. Tokens Purchased to Date: The BNB Chain Foundation wallet has purchased tokens from five tokens: The BNB

HOT Labs Surpasses 1 Million Users on Omni Balance as Chain Abstraction Demand Grows

May 14, 2025 2 mins read

Blockchain developer HOT Labs has announced that it has exceeded one million active users on its Omni Balance platform. The milestone highlights the growing market preference for Chain Abstraction technology that presents a viable decentralized trading solution. Developed by HOT Labs, Omni Balance operates as a unified smart contract on the NEAR blockchain, storing user balances across multiple blockchains and enabling seamless digital asset management. Users can effortlessly execute cross-chain

Ethereum’s price surges nearly 50% to over $2,700 after the Pectra upgrade

May 14, 2025 1 min read

Ethereum has experienced a significant price rally, climbing nearly 50% to over $2,700 following the recent Pectra upgrade. Currently, it sits about 6% below the price level it reached after Eric Trump publicly endorsed the crypto on February 3, when he tweeted that it was a great time to invest in Ethereum. This tweet came during a market downturn triggered by President Trump’s tariff proposals, which caused Ether to drop

HTX Launches $200,000 Giveaway For Bitcoin Pizza Day with Seven Top Crypto Projects

May 13, 2025 2 mins read

HTX Announces Bitcoin Pizza Day Surprise Gifts Campaign In celebration of one of the most iconic milestones in crypto history, HTX, a leading global cryptocurrency exchange, is commemorating Bitcoin Pizza Day with a 14-day Surprise Gifts campaign. The event recognizes the anniversary of the first real-world Bitcoin transaction on May 22nd. In collaboration with seven blockchain projects, HTX will offer over $200,000 in rewards to users. From May 13th to May

Bitget Opens Pre-Market Trading for SOON (SOON) Ahead of Official Spot Launch

May 13, 2025 3 mins read

Bitget, the leading cryptocurrency exchange and Web3 company, has introduced SOON (SOON) to its pre-market trading platform, allowing users to engage in peer-to-peer trading prior to the token’s official spot market debut. The pre-market corridor is now open, enabling early access to SOON tokens for users seeking price discovery and liquidity opportunities prior to broader market availability. Pre-market trading on Bitget provides a flexible mechanism for buyers and sellers to

Meta considers stablecoin payouts for international creators

May 13, 2025 1 min read

Meta is currently exploring the possibility of using stablecoins for making payments to international creators, with the goal of reducing transfer fees and enhancing the efficiency of global transactions. This initiative, which is still in its early stages, began with discussions involving various cryptocurrency firms earlier this year. The company believes that adopting stablecoins could significantly lower payment costs and facilitate smoother cross-border transactions. Stablecoins, such as Tether (USDT) and