At Money 20/20, Monica Long, President of Ripple, and Arjun Kharpal, CNBC’s Senior Correspondent, tackled the critical topic of crypto infrastructure. Their conversation revolved around the theme “Building Infrastructure Fundamentals,” shedding light on how traditional financial institutions view and adopt digital assets. Shift in U.S. Legislation and Financial Institutions Monica Long highlighted a notable shift in U.S. legislation and traditional finance, referencing the approval of the Bitcoin ETF as a pivotal moment. She emphasized BlackRock’s involvement as a significant milestone, indica ..read more

Web3 security startup Blockaid has integrated its cutting-edge technology into the Core wallet, safeguarding nearly $1 billion in assets on the Layer 1 blockchain, Avalanche. This strategic move aims to protect users from advanced threats such as hacks and phishing scams. Advanced Transaction Simulation Blockaid’s innovative security systems now enable Core wallet to simulate transactions, identifying and preventing malicious activities before execution on decentralized networks like Avalanche (AVAX). This proactive approach enhances user safety and transaction integrity. Core wallet users wil ..read more

The crypto industry has eagerly awaited the US Securities and Exchange Commission’s (SEC) decision on Ethereum ETFs since the successful launch of Bitcoin ETFs in January. In a surprising move this May, the SEC approved the 19b-4 forms for spot Ether ETFs, igniting a fresh wave of discussions about the regulatory stance on Ethereum. Pivotal Moment for Ethereum and Crypto Adoption The approval marks a significant milestone for Ethereum and the broader cryptocurrency market. According to Ferrum Labs’ CTO, this decision represents a crucial step towards mass adoption, signaling that Layer 1 asset ..read more

Robinhood, a well-known retail trading platform, announced on Thursday its agreement to acquire Bitstamp, a crypto exchange based in the U.K. This acquisition aims to broaden Robinhood’s global reach in the crypto market and attract institutional clients by leveraging Bitstamp’s established infrastructure and industry-leading products. We believe crypto will fundamentally reorganize the financial system, and we’re acquiring @Bitstamp to accelerate our vision. Soon we’ll combine forces with Bitstamp’s global footprint, core spot exchange and industry-leading products like crypto-as-a-service ..read more

Solana memecoin developer Mikol accidentally set himself on fire while promoting his cryptocurrency, “Trust or Dare,” to a live-streamed audience. The incident occurred during a marketing stunt in Miami, where fireworks were shot in Mikol’s direction, causing him to catch fire. He was immediately rushed to a hospital, suffering third-degree burns on nearly 75% of his body. yall thought cause i was in the hospital. crippled . burnt . unable. hurt. and fucked up that yall thought i was gonna QUITTT FUCKKKK NOOOO. IM PUTTING EVERY FIBER OF MY BEING INTO THIS DAY IN AND DAY OUT. IF YALL THOUGHT ..read more

Alchemy, a prominent blockchain infrastructure designer, has introduced a revolutionary development kit named Alchemy Rollups. This innovation marks a significant advancement in the crypto ecosystem, providing developers with a comprehensive toolkit tailored for rollup-centric development. Alchemy Rollups aims to streamline the creation, optimization, launch, and growth of layer-2 blockchains, focusing on scalability, speed, and cost-efficiency. Today, we’re thrilled to introduce Rollups. Scaling solutions like rollups are essential to Ethereum's success in the long run, and Alchemy provide ..read more

The memecoin market has a new star. BRETT, a memecoin that launched just three months ago, has already achieved a market capitalization exceeding $1 billion. This rapid rise is particularly impressive compared to other well-known memecoins. Dogecoin, for instance, took several years to reach this milestone. $BRETT will break ATH again in short order — Henok (@henokcrypto) June 3, 2024 BRETT: From Boy’s Club to Billion-Dollar Memecoin BRETT is inspired by an original character from the Boy’s Club series by Matt Furie. Furie is also the creator behind the famous Pepe meme, which led to the cr ..read more

MicroStrategy and its pro-Bitcoin founder, Michael Saylor, have agreed to a $40 million settlement to resolve allegations of income tax evasion. The New York Times reported on June 3 that the District of Columbia’s attorney general has finalized this agreement with Saylor and his company. Landmark Settlement for Income Tax Fraud Local officials have highlighted this settlement as the largest income tax fraud recovery in the district’s history. This case marks the first lawsuit under the district’s updated False Claims Act, which aims to encourage whistleblowers to report tax evasion by residen ..read more

BlackRock, the world’s largest fund manager, has made a significant move into the cryptocurrency market with a $10 million investment in Ethereum. This investment comes ahead of the debut of BlackRock’s iShares Ethereum Trust, an exchange-traded fund (ETF) designed to provide investors with direct exposure to Ethereum. JUST IN: BlackRock filed an updated spot Ethereum ETF S-1 form with the SEC. pic.twitter.com/fK7Pvq0EKY — Radar (@RadarHits) May 29, 2024 The investment was disclosed in an S-1 form filed with the U.S. Securities and Exchange Commission (SEC) late Wednesday. According to the ..read more

Nansen claims DBS Bank holds $650M in Ether, but DBS denies the position amid speculation and crypto growth. We've identified this $650m $ETH Whale holding 173.7k ETH as DBS, the largest bank in Singapore with assets totaling S$739 billion as of 31 Dec'23 This address has made over $200m by holding ETH… Track the address on Nansen here: 0x9e927c02c9eadae63f5efb0dd818943c7262fb8e pic.twitter.com/2rkM3cZ6gJ — Nansen (@nansen_ai) May 30, 2024 On May 30, blockchain analytics firm Nansen identified a major Ethereum holder, labeling it as belonging to Singapore’s DBS Bank. The wallet in ..read more