The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Dubai is tapping Crypto.com to realize its cash strategy by allowing residents and businesses pay government fees in cryptocurrency.
Coinbase is set to join the S&P 500 — a move that could see billions of dollars allocated to COIN, according to analysts at Bernstein.
Coinbase has become the first and only crypto company to be added to the S&P 500, marking a historic milestone for both the digital asset sector and traditional financial markets. Coinbase CEO Brian Armstrong confirmed the announcement on social media, declaring the company’s inclusion a validation of the industry’s staying power. Armstrong wrote: “Crypto is […]
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Backpack has officially opened the withdrawal window for former FTX EU customers, marking a major step in returning lost funds to the defunct exchange users across Europe. The claims process went live on May 12, following Backpack’s earlier acquisition of FTX’s European arm in January 2025. According to a notice on its website, the exchange […]
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Democratic senators have requested that the US Treasury and Justice Department investigate President Donald Trump’s crypto ties to Binance, Bloomberg News reported on May 9. According to the report, the lawmakers made the request in a letter sent to Treasury Secretary Scott Bessent and Attorney General Pam Bondi. Details about oversight actions The letter, which […]
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US-based Gemini has received a Markets in Financial Instruments Directive (MiFID) II license from the Malta Financial Services Authority (MFSA), according to a May 9 statement shared with CryptoSlate. This allows the exchange to offer regulated crypto derivatives across the European Union (EU) and European Economic Area (EEA). With the license, the exchange can begin […]
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The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Senate Democrats are seeking information about President Donald Trump's cryptocurrency ties and Binance in a letter sent on Friday.
Coinbase Derivatives will provides round-the-clock futures contracts trading for retail and institutional investors.
German law enforcement has shut down the crypto exchange eXch and seized digital assets valued at over $38 million, according to a May 9 statement. In a joint operation, the Frankfurt Main Public Prosecutor’s Office and the Federal Criminal Police Office (BKA) confirmed that the seizure occurred on April 30, 2025. The move followed a […]
The post German authorities shut down eXch amid $1.9 billion money laundering allegations, seizes $38 million in crypto appeared first on CryptoSlate.
German prosecutors said eXch explicitly advertised its lack of anti-money laundering measures on platforms of 'criminal underground economy.'
Emirates General Petroleum Corporation (Emarat), the UAE’s federal government-owned fuel retailer, has partnered with Crypto.com to introduce crypto payments at fuel stations, marking a first in the Middle East and North Africa. The initial phase enables crypto payments at 10 Emarat stations across Dubai, with plans to expand the service throughout Emarat’s network, according to […]
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The U.S.-based crypto exchange missed analysts' expected earnings per share by a wide margin, according to its latest filing.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Coinbase has reportedly agreed to acquire crypto derivatives platform Deribit in a deal valued at approximately $2.9 billion. The agreement, which includes a mix of cash and Coinbase stock, would mark the largest acquisition in the company’s history. According to the Wall Street Journal, negotiations have reached the final stages following months of discussions. Coinbase aims […]
The post Coinbase agrees to acquire Deribit in landmark $2.9 billion deal – WSJ appeared first on CryptoSlate.
Earlier today, Coinbase agreed to acquire crypto derivatives exchange Deribit in a record $2.9 billion deal.
The deal consists of $700 million in cash and 11 million shares of Coinbase Class A common stock, the crypto exchange giant confimed.
Changpeng Zhao, also known as CZ, said in a Tuesday podcast interview that he has applied for a pardon from President Trump.
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 […]
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Futu Securities, a prominent brokerage based in Hong Kong, has rolled out crypto “deposit services” 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 Kong’s top stock trading app, […]
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The move could help increase trading volumes as the firm has been able to offer Europeans the ability to trade U.S. stocks.
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, […]
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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. […]
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