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Deribit Targets US Expansion Amid Trump’s Crypto-Friendly Policies


Deribit, the world’s largest cryptocurrency options exchange with $1.3 trillion in trades last year, is considering entering the U.S. market, encouraged by President Donald Trump’s promise to make the country the global hub for digital assets like bitcoin, the FT reported. The Dubai-based company...

Vitalik Buterin Wants to Make Ethereum as “Beautifully Simple” as Bitcoin


Ethereum co-founder Vitalik Buterin announced on May 3, 2025, a five-year plan to simplify Ethereum’s protocol, calling the Bitcoin network “beautifully simple” in his blog post “Simplifying the L1,” as he aims to make Ethereum easier to understand and more secure for users holding bitcoin...

Lightspark-Built Bitcoin L2 Spark Launches on Mainnet


Spark, a bitcoin L2 platform fully compatible with the Lightning Network, has launched on mainnet. Promoted as “the fastest, cheapest, most UX-friendly way to build financial apps and launch assets on bitcoin,” the network enables a series of use cases destined for monetary...

Britain’s Financial Watchdog to Stop Lending for Crypto Asset Purchases


The Financial Conduct Authority (FCA), Britain’s financial watchdog, has decided to step in and stop financial institutions from giving credit to facilitate the purchase of cryptocurrency assets. The decision is part of a larger set of rules the institution aims to include to streamline...

Tesla Board Denies WSJ Report on CEO Search, Musk Slams Article as False


The Wall Street Journal reported that Tesla’s board had initiated a search for a new CEO to replace Elon Musk, citing sources familiar with discussions that began in March due to Musk’s focus on his role in the Trump administration’s Department of Government Efficiency (DOGE) and Tesla’s declining...

Ripple’s $5B Bid to Acquire Circle Gets Rejected: Report


Ripple has reportedly made a strategic acquisition attempt targeting competitor Circle Internet Group, offering between $4 billion and $5 billion. However, insiders revealed the offer was dismissed for undervaluing Circle. Despite Ripple’s continued interest, a follow-up bid remains...

UK Treasury Unveils Draft Cryptoasset Regulations, Seeks Feedback by May 2025


On April 29, 2025, the UK Treasury announced the release of a draft Statutory Instrument (SI) and a Policy Note detailing the UK’s upcoming financial services regulatory framework for cryptoassets, including stablecoins. Following proposals outlined in October 2023 and reaffirmed in November 2024...

Nike Faces $5M NFT Meltdown Lawsuit


Nike is facing a class action lawsuit after abruptly shutting down its crypto-focused subsidiary, RTFKT, leaving investors with significant losses tied to Nike-themed NFTs and digital assets. Plaintiffs, led by Australian investor Jagdeep Cheema, allege they were misled into buying what they...

DEX Aggregator 1inch Expands to Solana, Enhancing DeFi Ecosystem


Decentralized exchange (DEX) aggregator 1inch has announced the expansion of its services to the rapidly growing Solana blockchain, solidifying its position as a leading swap marketplace in the decentralized finance (DeFi) ecosystem. With the integration of Solana, 1inch users can now enjoy secure...

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