Business

May, 2025

• 6 May

  High Stakes: Bybit’s 500x Leverage on Stocks and Gold—Breakthrough or Blowback?

  

  Bybit, one of the leading cryptocurrency exchanges, has recently made waves by introducing 500x leverage on U.S. stocks and gold—a move that could revolutionize retail trading, but not without serious risks. The offering, which allows traders to control positions worth up to 500 times their initial investment, is raising questions about whether this is a breakthrough for the financial industry …
• 6 May

  Trump’s Crypto Prediction Under Fire as $800M Volume Surge Shakes Markets

  

  A dramatic shift in cryptocurrency markets has placed former President Donald Trump’s price prediction for digital assets under scrutiny, following an unexpected $800 million surge in trading volume. The massive dump has left investors and analysts questioning the accuracy of Trump’s forecast, as well as the stability of the market in the face of such volatility. Trump, who has recently …
• 6 May

  GOP to Democrats: Catch Up or Step Aside—GENIUS Act Hits the Floor Thursday

  

  Republican lawmakers are pressing forward with the long-awaited GENIUS Act, a landmark bill aimed at establishing a federal regulatory framework for stablecoins, as it heads to a floor vote in the House on Thursday—despite mounting objections from Democratic members. The bill, formally known as the Guaranteed Essential Neutrality in the Issuance of Stablecoins (GENIUS) Act, seeks to clarify the roles …
• 6 May

  CBDC Slowdown: Russian Economist Expects Digital Ruble Delay

  

  The rollout of Russia’s central bank digital currency (CBDC), the digital ruble, may be postponed until 2027, according to comments from a prominent Russian economist. The delay could signal broader challenges in the country’s efforts to modernize its financial infrastructure amid shifting geopolitical and economic conditions. Speaking to Russian media, economist Vladislav Ginko noted that although the Central Bank of …
• 6 May

  Waters Says No: Top Democrat to Object to Upcoming Crypto Hearing

  

  Rep. Maxine Waters (D-CA), the Ranking Member of the House Financial Services Committee, has announced her intention to object to an upcoming congressional hearing focused on cryptocurrency policy, signaling continued partisan division over how the U.S. should regulate the digital asset industry. The hearing, scheduled by the Republican-led committee, is expected to explore various legislative proposals aimed at establishing a …
• 6 May

  BTC Flight: KuCoin Faces Turmoil as Reserves Collapse and 14K Coins Exit

  

  KuCoin, one of the world’s largest cryptocurrency exchanges, is experiencing a significant crisis of confidence as its Bitcoin (BTC) reserves have reportedly plummeted by 77% over recent weeks. According to on-chain data, more than 14,000 BTC—worth hundreds of millions of dollars—have been withdrawn from the platform, raising concerns about the exchange’s liquidity and solvency. The mass outflow follows heightened regulatory …
• 6 May

  Samourai vs. the State: Wallet Devs Allege Fed Suppression of Exculpatory Crypto Rules

  

  In a bold legal counteroffensive, developers behind the privacy-focused Samourai Wallet have accused the U.S. federal government of suppressing guidance that could have cleared them of wrongdoing related to their crypto mixing technology. The allegations come amid a growing legal battle following the arrest of Samourai Wallet developers Keonne Rodriguez and William Hill, who face charges for allegedly operating an …
• 5 May

  The Maldives Gets a Blockchain Boost with $8.8B Investment from Dubai Firm

  

    In a groundbreaking move that is set to reshape the financial landscape of the Indian Ocean, a Dubai-based firm has announced plans to invest $8.8 billion into developing a blockchain-powered financial hub in the Maldives. The ambitious project aims to position the Maldives as a leading center for blockchain innovation, offering a mix of state-of-the-art technology and a favorable …
• 5 May

  Back to Basics: Vitalik Proposes Ethereum Protocol Overhaul

  

  Ethereum co-founder Vitalik Buterin has called for a significant simplification of the Ethereum protocol, citing rising complexity as a long-term threat to the network’s security, sustainability, and developer accessibility. In a recent blog post, Buterin laid out his vision for a more streamlined Ethereum—one that prioritizes elegance, clarity, and reduced technical debt. The Case for Simplicity Over the years, Ethereum …
• 5 May

  Senator Warren Targets Potential Trump Conflict in Urging Crypto Bill Delay

  

  Senator Elizabeth Warren has called on the Senate to delay a key cryptocurrency bill, citing concerns over a potential conflict of interest involving the Trump family. In a recent statement, Warren argued that the bill, which is set to regulate the cryptocurrency industry, could disproportionately benefit entities with close ties to former President Donald Trump, raising questions about fairness and …