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…
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…
The Uniswap Foundation announced $140.3 million in revenue and $12.4 million in new grant commitments in its Q1 2025 financial report. A report by Uniswap (UNI) Foundation on May 23 stated that the majority of the revenue came from a $140 million donation that was authorized by Uniswap governance, with the remainder coming from interest…
A U.S. tourist was drugged and robbed in London by an Uber driver who made off with $123,000 in cryptocurrency. According to local media, the victim, 30-year-old Jacob Irwin-Cline, was visiting the UK on a short layover when the incident occurred. After a night out in Soho, he called an Uber to return to his…
HUMA, the native token of RWA-focused PayFi network Huma Finance, is set to make its official exclusive debut on Binance Alpha on May 26. In a May 26 announcement, Binance confirmed that HUMA will be listed on Binance Alpha, the exchange’s early-access section that showcases trending and promising Web3 projects. The listing will mark the…
A growing number of Singaporeans exited the crypto market in 2024, with ownership falling 11% and 50% of holders selling their assets. Many crypto investors in Singapore are locking in gains and rebalancing their portfolios instead of jumping into the recent market rally, according to the 2025 Independent Reserve Cryptocurrency Index. The survey found that…
Pakistani lawmakers have endorsed the creation of a regulatory body to oversee the country’s blockchain-based financial infrastructure and digital asset ecosystem. Dubbed the Pakistan Digital Assets Authority (PDAA), the Ministry of Finance has approved its formation to supervise licensing, compliance, and innovation across the digital asset sector, according to a May 21 report from state-owned…
Bitcoin is on the verge of confirming a powerful golden cross pattern, which could set the stage for a breakout rally toward the $150,000 mark. Bitcoin (BTC) surged to a new all-time high of $111,544 on Thursday, May 22, afternoon Asian time, breaking past its previous record of $109,400 from just the day before. This…
Maple Finance token retreated on Wednesday even after Bitcoin soared to a record high and the developers announced major changes to its network. Maple (SYRUP) price dropped for three consecutive days, reaching a low of $0.3460—down 9.40% from the year-to-date high of $0.3845. In a statement, Maple said it would consolidate all its institutional and…
Aave is gaining ground in the decentralized finance space, with its token climbing past $260 as adoption and market performance continue to strengthen. In an X post published on May 20, Aave (AAVE) said it now holds 20% of the total value locked across decentralized finance. The sector as a whole has seen a sharp…
