The Protocol: Inside Movement’s Token-Dump Scandal
Also: ETH Gas Limit Ceiling Proposal, Bitcoin Data Limits Debate, and Base Becomes a Stage 1 Rollup
news
Ripple Offered $4B-$5B for Stablecoin Issuer Circle: Bloomberg
The offer was rejected as too low, according to the story.
AI-Powered Court System Is Coming to Crypto With GenLayer
YeagerAI is building a protocol that uses AI models as judges, with the goal of providing reliable, neutral, third-party arbitration in record time.
Coinbase Leaps Into Supreme Court Case in Defense of User Data Going to IRS
The U.S. crypto exchange filed a brief in a longstanding privacy battle over records the tax agency sought on customers’ crypto transactions.
Banks Must Adopt Crypto or ‘Be Extinct in 10 Years,’ Eric Trump Says
The son of U.S. President Donald Trump said the current financial system is broken and blockchain technology is the fix.
Crypto Coalition Tells SEC Staking Is ‘Essential Good,’ Not a Security
Industry entities led by the Crypto Council for Innovation argued in a letter to the U.S. Securities and Exchange Commission that it shouldn’t regulate staking.
Stagflationary Data Puts Pressure on Bitcoin, Stocks Early in U.S. Day
U.S. GDP turned negative in the first quarter, while prices rose more than forecast; ADP jobs data was the weakest in nearly one year.
Author of Crypto Bills Now Being Rehashed Predicts ‘Wicked Hot Summer’ in Congress
Patrick McHenry, the ex-lawmaker who championed last year’s crypto legislation, also said he expects a role to be found for Tether in the U.S. stablecoin field.
Trump’s Truth Social Mulls Launching Token for Subscriptions in Latest Crypto Push
The company also plans to forge ahead with its ETFs, which will include cryptocurrencies.
Bitcoin Edges Above $95K, U.S. Stocks Remain Strong as Analyst Warns of ‘Blind’ Market
Secretary of Commerce Howard Lutnick announced that the White House was finalizing a trade deal with an unnamed country.