The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Movement Labs has removed co-founder Rushi Manche and restructured under a new name, Move Industries. The company announced Manche’s termination on May 7, saying: “Movement Labs has terminated Rushi Manche. Movement will continue under different leadership. Details on leadership changes and a revamped governance structure will be coming soon.” The decision follows a high-profile investigation […]
The post Movement Labs rebrands as MOVE token faces dramatic plunge and potential Binance delisting appeared first on CryptoSlate.
Gemini operates as a New York Trust Company, which appeals to institutional investors seeking compliance and security.
Documents reveal that the SEC was asked by the NYAG's Office to file a brief in support of their argument that ETH is a security.
Kaiko said bitcoin market depth on Bybit rebounded to pre-hack levels following Lazarus Group's historic $1.5 billion attack.
Coinbase unveiled an open-source protocol for on-chain payments via HTTP called x402. Announced on May 6, the system repurposes the previously unused HTTP 402 “Payment Required” status code to support direct machine-native payments using stablecoins. The protocol enables autonomous agents and applications to pay for API access, data, and services without relying on human intervention, […]
The post Coinbase reveals x402 protocol to enable on-chain payments via HTTP appeared first on CryptoSlate.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
KuCoin has pushed back against claims suggesting it lost over 77% of its Bitcoin reserves since 2023. The crypto exchange labeled the circulating figures misleading and inaccurate, emphasizing its commitment to transparency and responsible reporting. KuCoin’s falling Bitcoin reserves? The controversy stems from a report by Onchain School, a data-focused platform citing data from CryptoQuant. […]
The post KuCoin disputes claims of 77% drop in Bitcoin reserves, unveils robust 106% reserve ratio appeared first on CryptoSlate.
Binance's BNB token could rise over 360% in the next few years, according to Standard Chartered's Geoffrey Kendrick.
Following its latest $900 million funding round, Anysphere's valuation has surged to $9 billion, according to the FT.
Binance founder Changpeng Zhao also commented on memecoins, saying 99.99% of them will fail and that they distract from real innovation.
Kraken started 2025 on a high note, reporting a 19% increase in revenue year-over-year to $472 million for the first quarter. The May 1 earnings statement also highlighted a 1% quarter-over-quarter rise in adjusted EBITDA, reaching $187 million. Meanwhile, the company’s performance indicators showed similar momentum. The firm noted that its total trading volume rose […]
The post Kraken achieves revenue boost in Q1 2025 but faces North Korean hacking scare appeared first on CryptoSlate.
The native token of the Ethereum-based Movement Network, MOVE, plunged to a historic low following Coinbase’s delisting amid the ongoing controversy tied to questionable market-making activities. The US crypto exchange announced on May 1 that it would suspend MOVE trading across its platforms by May 15, citing the token’s failure to meet its listing standards. […]
The post Coinbase delisting sends Movement’s MOVE token to all-time low amid market-making scandal appeared first on CryptoSlate.
Wemix trading is set to cease on local exchanges starting June 2, with token withdrawals ending on July 2, according to the announcement.
The recent controversy surrounding MOVE involved alleged token dumping by a market maker, with Coinbase set to suspend trading of the token.
Kraken earned $472 million in revenue in the first quarter of 2025, a 19% jump year-over-year, according to a blog post on Thursday.
Wintermute accounted for 11% of Robinhood's transaction-based revenues in Q1 while B2C2 accounted for 12%, the same as Citadel.
Following Coinbase's announcement, MOVE's token price fell around 20% from $0.25 to $0.20 at publication time.
Robinhood’s first-quarter results marked a revival in retail crypto trading, with the platform’s crypto revenue doubling year-over-year to $252 million. This surge contributed to a 77% increase in transaction-based revenue, underlining the growing role of individual traders in the market’s latest chapter. Retail-driven activity powered Robinhood to its strongest quarter as mainstream investors reengaged amid […]
The post Crypto makes up 43% of Robinhood’s transaction revenue as retail traders come back appeared first on CryptoSlate.
Kraken recently made strategic investments in startups that will allow it to grow the derivatives side of its business.
Coinbase has filed an amicus brief with the US Supreme Court supporting a constitutional challenge to the Internal Revenue Service’s (IRS) broad collection of cryptocurrency user data, arguing it violates Fourth Amendment protections. The filing, submitted on April 30, outlines the company’s opposition to an IRS John Doe summons that compelled the disclosure of detailed […]
The post Coinbase urges Supreme Court to block IRS crypto data grab to preserve constitutional privacy appeared first on CryptoSlate.
Coinbase saw over $130 million in total onchain originations backed by around $227 million in collateral since launching its loan program.
Cross-chain bridge Wormhole will enable Mercado Bitcoin to bring its suite of tokenized products to over 30 blockchains.
Coinbase urged the Supreme Court to consider an IRS case that it says "sets a dangerous precedent" surrounding customers' personal data.
The ecosystem has now witnessed $1.74 billion in losses year-to-date, though Bybit's $1.46 billion exploit accounts for most of the sum.
Binance founder Changpeng Zhao also spoke about his conversations with countries on crypto adoption at Token2049.
The solution went live in the Netherlands, France, Spain, Ireland, Italy and Belgium, with plans to expand across the EEA, UK and U.S.
A wallet reportedly linked to the official Donald Trump memecoin project has transferred nearly $20 million worth of TRUMP tokens to centralized exchanges. On April 29, on-chain analyst EmberCN reported that the team’s wallet transferred 1.346 million TRUMP tokens, valued at $19.53 million, to three major exchanges. Data from Arkham Intelligence, cited by EmberCN, revealed […]
The post Likely Donald Trump $150M memecoin insider wallet moves $20M TRUMP to exchanges as price dips appeared first on CryptoSlate.
Coinbase integrated the Lightning Network in April 2024 to facilitate faster and easier bitcoin transactions for customers.
Coinbase Asset Management is preparing to introduce the Coinbase Bitcoin Yield Fund (CBYF) on May 1. According to an April 28 statement, Coinbase described CBYF as a conservative investment strategy that seeks to generate annual net returns between 4% and 8% over a typical market cycle. The fund is designed to offer international institutional investors […]
The post Coinbase unveils Bitcoin yield fund for global institutional investors appeared first on CryptoSlate.