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Robinhood plans blockchain for US asset trading in Europe โ Report
Brokerage fintech Robinhood is reportedly developing a blockchain network that will enable retail investors in Europe to trade US securities.According to a May 7 Bloomberg report citing sources familiar with the matter, the move seeks to expand the company's local presence by offering trading of tokenized securities, such as stocks. Two crypto firms, Arbitrum and the Solana Foundation, are reportedly vying to become...
Published on: May 07, 2025 | Source:
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OCC: Banks Can Buy and Sell Their Customers' Crypto Assets Held in Custody
A new policy directive from the U.S. regulator of national banks says the institutions can also outsource crypto custody and execution to outside parties.
Published on: May 07, 2025 | Source:Falling DXY part of US financial systemโs โlong-term transitionโ โ Will Bitcoin continue to shine?
What to know:Lyn Alden says a weaker dollar is necessary for the US to stabilize its financial system.Bitcoin and gold are well-positioned to benefit from de-dollarization.Sovereign wealth funds and various nations are already increasing their Bitcoin exposure as the dollarโs global dominance starts to wane.The weakening of the US dollar (DXY) is no longer headline news. With mounting disruptions across the US economy,...
Published on: May 07, 2025 | Source:OCC reaffirms banksโ authority to offer crypto services without prior approval
The Office of the Comptroller of the Currency (OCC) clarified on May 7 that federally chartered banks and savings associations may offer crypto services, namely custody and execution, including through third-party providers, provided they adhere to sound risk management practices and legal compliance. The clarification, issued through Interpretive Letter 1184, confirms and expands on earlier [โฆ] The post OCC reaffirms...
Published on: May 07, 2025 | Source:Fed Stagflation Risk Signal Could Be Bullish for Bitcoin, Analyst Says
Holding rates steady, the U.S. central bank took note of the possibility of higher inflation and unemployment.
Published on: May 07, 2025 | Source:Binance's BNB Chain rebounds amid institutional, DeFi adoption
Binance-affiliated BNB Chain has rebounded after a period of stagnation in 2023 amid accelerating institutional and decentralized finance (DeFi) adoption.During the past year, BNB Chain has benefited from multibillion-dollar inflows into DeFi, US exchange-traded funds (ETFs), and rising trading volume at affiliated centralized exchange (CEX) Binance.Consequently, the blockchain networkโs native BNB token (BNB) has...
Published on: May 07, 2025 | Source:Bitcoin for Shares? Strive Asset Management Unveils Listing Plans, Treasury Strategy
Strive Asset Management is adopting Bitcoin as a treasury reserve asset after pushing other firms to do the same, unveiling a reverse merger.
Published on: May 07, 2025 | Source:Trump Crypto Advisor David Bailey In Talks to Launch Bitcoin Investment Company: The Information
Bailey, who advised President Donald Trump on crypto policy during his 2024 presidential campaign, is reportedly raising $300 million to buy bitcoin.
Published on: May 07, 2025 | Source:Congressman Torres proposes bill to ban federal officials from trading or owning crypto
Representative Ritchie Torres is reportedly preparing to introduce legislation prohibiting federal officials from owning or trading crypto while in office. The measure seeks to close potential conflicts of interest and expand existing financial ethics rules to include digital assets. The proposed bill would apply to a wide range of public servants, including members of Congress, [โฆ] The post Congressman Torres proposes...
Published on: May 07, 2025 | Source:Ethereum Pectra upgrade adds new features โ How long before ETH price reacts?
Key takeaways:Reclaiming the $2,200 level remains the first price challenge for ETH.ETH price could recover if the Pectra upgrade leads to a surge in DApp and Ethereum network activity.Ethereum successfully implemented a key network upgrade on May 7, but Ether (ETH) price and its derivatives metrics showed little response to the upgrade. The lackluster response surprised traders and led analysts to question whether ETH...
Published on: May 07, 2025 | Source:Netflix Is Adding Generative AI Search and a TikTok-Style Feed
As Netflix rolls out generative AI, the streaming giant is unironically retiring a Black Mirror interactive title.
Published on: May 07, 2025 | Source:$45 million stolen from Coinbase users in the last week โ ZackXBT
Onchain sleuth and security analyst ZackXBT claims to have identified an additional $45 million in funds stolen from Coinbase users through social engineering scams in the past seven days alone.According to the onchain detective, the $45 million figure represents the latest financial losses in a string of social engineering scams targeting Coinbase users, which ZackXBT said is a problem unique among crypto...
Published on: May 07, 2025 | Source:Robinhood Developing Blockchain-Based Program To Trade U.S. Securities in Europe: Bloomberg
The brokerage firm is reportedly considering Arbitrum, Ethereum and Solana for the new platform.
Published on: May 07, 2025 | Source:Back From the Dead: Man Killed in Road Rage Incident 'Testifies' in Court
Road rage victim posthumously forgave his killer via artificial intelligence. The judge was so moved he added a year to the killer's sentence.
Published on: May 07, 2025 | Source:ZachXBT reveals Coinbase users lost another $45M in a week to ongoing social engineering scams
Blockchain investigator ZachXBT revealed that Coinbase users lost another $45 million over the past week due to coordinated social engineering scams. The update, shared on his Telegram channel, identifies multiple wallet addresses connected to the theft and links the latest activity to a broader pattern of crypto heists that has persisted for months. The report [โฆ] The post ZachXBT reveals Coinbase users lost another...
Published on: May 07, 2025 | Source:US Treasury Secretary expresses support for crypto bills at hearing
Speaking at a hearing, US Treasury Secretary Scott Bessent suggested support for two crypto-related bills moving through Congress.Bessent addressed lawmakers at a May 7 hearing of the House Financial Services Committee, saying that the United States should be the โpremier destination for digital assetsโ in response to a question about American dominance over China in crypto-related innovation. The Treasury Secretary...
Published on: May 07, 2025 | Source:Coinbase Releases Treasure Trove of SEC Docs on Ethereum, XRP and More
"We would like to request that the SEC file an amicus in support of the argument that Ether is a security," the NY attorney general's office wrote.
Published on: May 07, 2025 | Source:COLDRIVER using new malware to steal from Western targets โ Google
Threat group COLDRIVER is using new malware to steal documents from Western targets, according to a May 7 report from Google Threat Intelligence. The malware, called LOSTKEYS, shows the evolution of the group from credential phishing to more sophisticated attacks.According to the Google report, the new malware is installed through four steps. The process involves a โlure websiteโ with a fake CAPTCHA, a PowerShell...
Published on: May 07, 2025 | Source:Revolut partners with Lightspark to integrate Bitcoin lightning payments
UK fintech giant Revolut has partnered with Lightspark to bring Lightning Network support for Bitcoin (BTC) payments to users in the UK and select European Economic Area countries, the companies announced on May 7. The integration enables near-instant, low-cost Bitcoin transactions for Revolut users by leveraging Lightsparkโs enterprise-grade infrastructure. It marks a major milestone for [โฆ] The post Revolut partners...
Published on: May 07, 2025 | Source:Bitcoin Rises as Fed Holds Rates Steady
The central bankโs decision came as trade tensions between China and the U.S. appeared to de-escalate.
Published on: May 07, 2025 | Source:Strive Asset Management to Go Public, Launch Bitcoin Treasury Strategy With Merger
The combined company plans to stockpile Bitcoin and offer tax-free equity swaps to accredited holders.
Published on: May 07, 2025 | Source:Bitcoin 'Realized Cap' hits $890B as BTC traders focus on recapturing $100K
Key Takeaways: Bitcoinโs realized capitalization hit a record $890 billion, reflecting strong investor conviction as long-term and short-term holders increased allocations. Large Bitcoin holders with over 1,000 BTC have accumulated significantly since March 2025, reflecting the Q1 2024 trend. Bitcoin (BTC) price saw a short-squeeze above $97,000 on May 6, shortly after US Treasury Secretary Scott Bessent announced that...
Published on: May 07, 2025 | Source:Fed Holds Rates Steady, Says Risks of Higher Unemployment, Higher Inflation Have Risen
All eyes will now turn to Fed Chair Jerome Powell's post-meeting press conference for further clues about the central bank's thinking on monetary policy.
Published on: May 07, 2025 | Source:Strive to become Bitcoin treasury company
Strive Asset Management, founded by entrepreneur and former presidential candidate Vivek Ramaswamy, has revealed plans to transition into a Bitcoin treasury company.According to a May 7 announcement, Strive is going public through a reverse merger and plans to use the combined companyโs stock to accumulate Bitcoin (BTC).The deal will see Strive merging with Asset Entities โ a social media marketing company listed on...
Published on: May 07, 2025 | Source:Vivek Ramaswamyโs Strive makes bold move as first NASDAQ-listed asset manager with a Bitcoin treasury
Strive Asset Management has agreed to merge with Asset Entities Inc., setting the stage for a bold transition into a Bitcoin-focused treasury company. According to a May 7 statement, the deal will see the combined firm operate under the Strive name and continue trading on NASDAQ. The firm said the move would create the first [โฆ] The post Vivek Ramaswamyโs Strive makes bold move as first NASDAQ-listed asset manager with...
Published on: May 07, 2025 | Source:Trump Faces Senate Subcommittee Inquiry Over 'Crypto Corruption'
Opposition lawmakers continue to criticize the presidentโs crypto ambitions.
Published on: May 07, 2025 | Source:Crypto rallies, US-China trade talks to begin, FOMC decision today
Crypto rallies, US-China trade talks to begin, FOMC decision today FOMO HOUR EP352 BTC: 97k (+3%), ETH: 1840 (+2%), SOL: 147 (+2%). Top Gainers: LTC, STX, WLD, FET, QNT. BTC ETFs: -$86mn, ETH ETFs: -$18mn. Crypto rallies on US-China trade talk news. BTC dominance breaks through 65%. New Hampshire first state to setup crypto reserve. UK treasury rules out BTC reserve. Thumzup to sell $500m stock to buy BTC. SOL...
Published on: May 07, 2025 | Source:Trump memecoin dinner attendees could include foreign nationals โ Report
At least some of the top holders of Donald Trumpโs memecoin who apply to attend a private dinner with the president could be based outside the United States.According to a May 7 Bloomberg report based on an analysis of the top TRUMP tokenholders, 19 of the top 25 wallets on the leaderboard used foreign exchanges that exclude US-based customers, suggesting either foreign nationals or Americans living abroad. In...
Published on: May 07, 2025 | Source:MoonPay Enters Strategic Collaboration with TRON
Geneva, Switzerland, May 7, 2025 โ TRON DAO, the community-governed DAO dedicated to accelerating the decentralization of the internet through blockchain technology and decentralized applications (dApps), has announced a strategic collaboration with MoonPay, the global leader in crypto payments. The first phase of the collaboration enables users across the United States to purchase TRX, the [โฆ] The post MoonPay Enters...
Published on: May 07, 2025 | Source:Hong Kong brokerage Futu adds crypto deposits with Bitcoin rewards for users
Futu Securities, a prominent brokerage based in Hong Kong, has rolled out crypto โdeposit servicesโ for users on its Futu NiuNiu platform. According to a May 7 statement, the launch lets investors deposit and trade leading digital assets such as Bitcoin, Ethereum, and Tether. Futu NiuNiu, already known as Hong Kongโs top stock trading app, [โฆ] The post Hong Kong brokerage Futu adds crypto deposits with Bitcoin rewards...
Published on: May 07, 2025 | Source:Bitcoin $1B daily realized profits signal 'late-stage bull market'
Key points:Bitcoin investors are making the most of the highest price levels in several months by cashing out profits.These are averaging $1 billion per day, leading to concerns that the market comeback may stall or even reverse.Institutional participation has not led to a change in mindset, CryptoQuant says.Bitcoin (BTC) risks a โlocal top or sharp correctionโ if current levels of profit-taking continue, new research...
Published on: May 07, 2025 | Source:What Is the Pectra Upgrade? Enhancing Ethereumโs Flexibility
Ethereumโs Pectra upgrade boosts scalability, staking, and gas payment options with significant tech enhancements.
Published on: May 07, 2025 | Source:Businesses Without Bitcoin Are 'Being Irresponsible', Says Billionaire Investor Tim Draper
Billionaire investor and Bitcoin bull Tim Draper remains โoptimisticโ that the price of Bitcoin will hit $250,000 by the end of 2025.
Published on: May 07, 2025 | Source:Coinbase's SEC Documents Reveal NY Attorney General Wanted ETH Declared Security
On the U.S. exchange's online site for the documents obtained by Freedom of Information Act requests, it's illuminating some internal SEC discussions.
Published on: May 07, 2025 | Source:How the Aptos 'Community Takeover' Revived Dev Interest in the Network
Sidelined? Aptos head of ecosystem says the team would be "super open" to bringing the anonymous memer onto the team.
Published on: May 07, 2025 | Source: