Grinex, a cryptocurrency exchange identified as the suspected successor to the sanctioned Russian platform Garantex, has reportedly moved more than $1.66 billion in crypto through exchanges, despite red flags raised by blockchain analytics firm Global Ledger. Garantex had its infrastructure taken down by US, German and Finnish authorities in March and has since reportedly shifted…
The US Securities and Exchange Commission’s (SEC) new guidance on cryptocurrency staking is widely seen as a major win for the crypto industry and the push toward globally consistent digital asset regulation. In a May 29 statement, the SEC’s Division of Corporation Finance said “Protocol Staking Activities” such as cryptocurrencies staked in a proof-of-stake blockchain…
Sui validators approved a governance proposal to return $162 million in frozen assets linked to a recent exploit of the decentralized exchange Cetus, marking a key step toward full user repayment. Cetus was exploited for over $220 million worth of digital assets on May 22, but validators managed to freeze $162 million of the funds…
Non-fungible token (NFT) marketplace OpenSea has officially launched its new platform, OS2, concluding its beta phase. The company said the updated platform allows full token trading across 14 blockchains, including support for fungible tokens on Solana. It also introduces tools that aim to enhance crosschain functionality. These changes signal a shift for OpenSea, positioning itself…
Coinbase’s layer-2 blockchain Base briefly saw the number of transactions it processed per second near 1,000, bringing it closer to the performance of layer-1 blockchain Solana. On May 29, Base creator Jesse Pollak said on X that Base had sustained near 1,000 transactions per second (TPS) during a launch on the agentic artificial intelligence platform…
US Securities and Exchange Commission staff has given new guidance around the most common crypto staking activities, saying they are not in violation of securities laws. The SEC’s Division of Corporation Finance said in a May 29 staff statement that “Protocol Staking Activities” such as crypto staked in a proof-of-stake blockchain, “don’t need to register…
Coinbase’s layer-2 blockchain Base briefly saw the number of transactions it processed per second near 1,000, bringing it closer to the performance of layer-1 blockchain Solana. On May 29, Base creator Jesse Pollak said on X that Base had sustained near 1,000 transactions per second (TPS) during a launch on the agentic artificial intelligence platform…
The US Treasury has sanctioned a Philippines-based technology firm and its alleged administrator, accusing it of providing services to thousands of crypto scam websites. Funnull Technology is linked to most crypto scam websites reported to the FBI, with victims’ losses surpassing $200 million, the Treasury’s Office of Foreign Assets Control (OFAC) said on May 29. …
German tokenization protocol Midas has launched a tokenized US Treasury bill on the Algorand blockchain, offering European investors exposure to yield-bearing government bonds with no investment minimum required. The mTBILL is a tokenized certificate that references short-term US Treasury exchange-traded funds (ETFs), Midas announced on May 29. The first atomic swap was executed by a…
Stablecoins are gaining ground as a reliable tool for digital payments. New data from Artemis shows that $94.2 billion in stablecoin transactions were settled between January 2023 and February 2025. The report shed light on a few specific rising areas for stablecoin payments. Business-to-business transactions made up the largest block, accounting for an annual run…