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CYRPTO TIMES

Here’s why MEW rallied over 30% today

MEW rallied as high as 31% today after securing a listing on popular crypto and stock trading platform Robinhood. According to crypto.news, cat in a dogs world (MEW) surged to a four-month high of $0.0047 on May 23 Asian time, bringing its market capitalization to over $400 million at the time of writing. MEW’s trading…

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US federal court sends Danvers Bitcoin exchanger to prison for laundering over $1m

A Danvers resident was convicted and sentenced for running an unregistered Bitcoin transmitting business that ignored federal anti-money laundering laws. A Danvers man was sentenced on Friday to six years in prison for running an unlicensed Bitcoin (BTC) money transmitting business that authorities say converted over $1 million in cash, including money linked to scammers…

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Michigan lawmakers introduce new crypto bills covering state investments, mining, and CBDCs

Four new cryptocurrency-related bills were introduced in the Michigan legislature this week, covering public pension investments in crypto, mining, income tax exemptions, and restrictions on CBDC support. As of May 23, four new proposed legislations, House Bills 4510, 4511, 4512, and 4513, have been introduced in the Michigan legislature, marking a coordinated push to define…

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Hyperliquid responds to CFTC on perpetuals and 24/7 Trading

Decentralized finance protocol Hyperliquid submitted formal responses to the U.S. Commodity Futures Trading Commission’s recent requests for comment on perpetual futures and 24/7 trading. In a May 22 Medium post, the Hyper Foundation said it submitted two letters to CFTC to help shape emerging U.S. regulatory frameworks. The team described how Hyperliquid’s (HYPE) onchain system…

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