The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Crypto exchange Bitget has announced it will pursue legal action against eight users accused of profiting over $20 million from a trading glitch involving the VOXEL token. On April 27, Bitget’s executive Xie Jiayin stated that the individuals were part of a coordinated “wool-pulling interest group” that took advantage of a system vulnerability.. He wrote: […]
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The supply of Bitcoin held on centralized exchanges has reached its lowest point since 2019 according to data from CryptoQuant. As of late April 2025, only about 2.5 million BTC remain on exchanges, representing a drop of 500,000 coins since the end of 2024. Bitcoin supply on exchanges shows shift toward self-custody The decline in […]
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The exchange is still investigating the "abnormal" trading activity from last weekend, and promises to distribute any recovered funds back to users.
Five US states continue to pursue lawsuits against Coinbase’s staking program, and the firm’s executives argue that this is creating barriers for users who seek to earn rewards through the platform, amounting to over $90 million since 2023. According to Coinbase’s chief legal officer Paul Grewal, California, New Jersey, Maryland, Washington, and Wisconsin are maintaining […]
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PayPal and Coinbase have announced an expanded partnership to accelerate the adoption and real-world utility of PayPal USD (PYUSD), according to an April 24 press release. The initiative marks a deeper integration between two of the largest names in payments and crypto, as they collaborate to build infrastructure for stablecoin-driven commerce. Payments and DeFi innovation […]
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CME Group is preparing to roll out XRP futures on May 19, pending regulatory approval. According to an April 24 statement, the product will feature two contract sizes, including one tied to 2,500 XRP and another to 50,000 XRP. These contracts are designed to accommodate varying investment strategies. They will be cash-settled and benchmarked against […]
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NBA Champion Shaquille O’Neal has reached a confidential settlement with a group of investors who sued him over his role in promoting the now-defunct crypto exchange FTX. A court filing submitted on April 23 revealed that both parties have reached a proposed resolution and will now seek court approval to move forward. The agreement, signed […]
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The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Basketball star Shaquille O'Neal and FTX customers have reached a settlement agreement years after starring in a commercial for the company.
This new partnership comes after PayPal unveiled a 3.7% annual yield for individuals holding PYUSD in their PayPal or Venmo wallets starting in the summer of 2025.
The address holds nearly 1.2 million TRUMP worth around $14.5 million, the largest registered for the gala.
KiloEX announced user compensation and staking boosts after an exploiiter stole $7 million through a price oracle vulnerability.
Bitcoin miner Riot Platforms has entered into a $100 million credit agreement with Coinbase, using its BTC holdings as collateral. According to the firm, the facility will be accessed through staged withdrawals over two months until the full $100 million is drawn. Riot confirmed that the capital will support expansion efforts and other corporate priorities. […]
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Russia’s Finance Ministry and the central bank plan to launch a crypto exchange exclusively for highly qualified investors, local media reported on April 23, confirming rumors from earlier in the year. The exchange aims to regulate digital asset activity and facilitate its use in cross-border trade under a pilot legal framework. It will operate within […]
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The Alabama Securities Commission has officially withdrawn its legal action against Coinbase over the exchange’s staking program, reducing the number of active state-level lawsuits from 10 to five. According to the April 23 consent order signed by Commission Director Amanda L. Senn, the agency partially withdrew its enforcement effort to allow time for evolving policy […]
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CEO Brian Armstrong previously said the exchange plans to hire 1,000 domestic employees in the first months of Trump's administration.
Binance is implementing new compliance measures for users in South Africa, effective April 30. According to an April 23 statement, the changes will require all its South African users to provide detailed information about the sender and receiver of any crypto transfer on the platform. The firm added that users initiating withdrawals must enter the […]
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Senior Research Analyst Mark Palmer cited potential digital asset legislation in the U.S. as a catalyst for a new wave of crypto demand.
Gate.io's futures services were temporarily suspended during the upgrade, though spot trading, deposits and withdrawals were unaffected.
The agency's complaint charges Ramil Palafox with violating anti-fraud and registration provisions of federal securities laws.
Binance plans to change how South African users make crypto deposits and withdrawals to ensure greater regulatory compliance.
Trump Media & Technology Group (TMTG), the company behind Truth Social, is expanding into the digital assets and finance via crypto exchange-traded funds (ETFs). The company revealed on April 22 that it finalized its partnership with Crypto.com and Yorkville America Digital to launch a line of ETFs under the “Truth.Fi” brand. These ETFs aim to […]
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The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The ETFs are expected to launch later this year, comprising various digital assets and securities with a "Made in America" focus.
Over 93% of WazirX creditors recently approved a restructuring plan that aims to recover approximately 85.3% of users’ lost balances.
The restructuring efforts align with the Bithumb's endeavors to launch its IPO in the second half of this year.
Coinbase has expanded its self-service asset recovery tool to include lost tokens on the Solana network, according to an April 21 announcement. The feature allows users to reclaim certain unsupported SPL tokens mistakenly sent to their Coinbase addresses without submitting a customer support ticket. The company clarified that not all SPL tokens are eligible for […]
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South Korea's central bank says it will 'actively participate' in stablecoin legislation development and GSR helps a consumer products firm establish a SOL treasury.
Indian crypto exchange WazirX is preparing to resume operations by mid-May 2025, according to an update shared on April 21. The exchange confirmed it is on track to relaunch within the previously announced April–May timeframe, pending a final court decision in Singapore. WazirX revealed that its parent company, Zettai, has completed all preliminary requirements. The […]
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