Quick Summary: The MOODENG meme coin gains 6.5% after a Thai court fines a man $300 for entering the viral pygmy hippo’s enclosure. The Solana-based meme coin MOODENG, inspired by viral pygmy hippo Moo Deng, has climbed 6.5% over the past 24 hours following news that a man was fined for unlawfully entering the animal’s enclosure. A Thai court found the individual guilty after his arrest in March, ordering him to pay $300 for the breach. The ruling has drawn renewed public attention to the hippo and the token tied to her name.Video footage shared after the arrest shows a…
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Quick Summary: Pharos Network secured $44M in a Series A round led by Sumitomo Corporation and Chainlink to develop a layer 1 blockchain for tokenized real-world assets. Pharos Network, a layer 1 blockchain platform focused on tokenized real-world assets, has raised $44 million in a Series A funding round. The round was led by a combination of traditional finance and crypto investors, including Sumitomo Corporation and Chainlink. The capital injection signals growing institutional interest in blockchain infrastructure designed for regulated financial markets.The company is developing what it describes as an “asset-native” network, built specifically to support regulated financial activity at…
Quick Summary: Standard Chartered is reportedly pursuing full ownership of Zodia Custody, planning to merge its crypto custody operations into an existing digital asset division. Standard Chartered is reportedly moving to acquire full ownership of Zodia Custody, with plans to integrate the firm’s crypto custody operations into one of the bank’s existing digital asset divisions. The potential deal signals a significant consolidation of the bank’s holdings in the digital asset space. Discussions are said to be ongoing, though no final agreement has been announced.Despite the planned integration, Standard Chartered is considering retaining Zodia Custody as a standalone software-as-a-service platform dedicated…
Quick Summary: A White House economic study downplays benefits banks would gain from banning stablecoin yield, strengthening the crypto sector’s position in Senate talks. A new study from White House economists has found that banks would gain little from a prohibition on stablecoin yield, a conclusion that lends support to the crypto industry’s stance in ongoing legislative negotiations. The findings come as lawmakers continue to debate the terms of the Clarity Act in the Senate. The study adds a notable dimension to a dispute that has kept the bill in a prolonged holding pattern.The White House has expressed a clear…
Quick Summary: Cryptographer Adam Back has publicly denied being Bitcoin creator Satoshi Nakamoto following a New York Times article naming him the strongest candidate yet. Adam Back, a prominent cryptographer, has publicly denied being Satoshi Nakamoto, the pseudonymous creator of Bitcoin, following a report by The New York Times that identified him as the strongest candidate to date. The article drew connections between Back’s extensive background in cryptography and electronic cash systems and the design of Bitcoin itself. Back’s denial came swiftly in response to the publication’s claims.Back acknowledged that there are overlaps between his decades of work in the…
Quick Summary: Iran plans to charge $1 per barrel of oil passing through the Strait of Hormuz, payable only in Bitcoin, following a two-week ceasefire with the US. Following a two-week ceasefire agreement reached with the United States, Iran has unveiled a toll system requiring oil tankers to pay fees in Bitcoin to pass through the Strait of Hormuz. The plan, reported by the Financial Times on Wednesday, calls for a charge of one dollar per barrel of oil transiting the strategically vital waterway. Iranian authorities say the system is designed to allow normal shipping traffic to resume while maintaining…
Quick Summary: MEXC has appointed Vugar Usi as CEO as the exchange pursues a MiCA license in the EU and expands its global regulatory footprint. MEXC has appointed Vugar Usi as its chief executive officer, the exchange announced on Wednesday. Usi joined MEXC as chief operating officer in late 2025, having previously held the same position at rival exchange Bitget. His elevation to CEO comes as MEXC accelerates efforts to secure regulatory approvals across multiple regions worldwide.In his new role, Usi says the platform intends to maintain its low-fee trading model while broadening access to a wider range of assets.…
Quick Summary: JPMorgan estimates Q1 digital asset inflows at roughly $11 billion, a notable decline from earlier 2025 levels amid weakening investor demand. JPMorgan has estimated that digital asset inflows for the first quarter reached approximately $11 billion, representing a marked slowdown compared to figures recorded earlier in 2025. The bank’s report highlights a broader cooling of enthusiasm among investors in the digital asset space. The findings point to several converging factors that contributed to the reduced pace of capital entering the market.Investor demand showed signs of weakening during the quarter, with softer positioning in CME futures markets noted as…
Quick Summary: Bernstein says Bitcoin has a three-to-five year window to adopt post-quantum security before quantum computing poses a serious cryptographic risk. Bernstein has issued a warning that quantum computing represents an increasing threat to Bitcoin’s underlying cryptography, with the timeline for that risk arriving sooner than previously anticipated. The brokerage notes that expectations around quantum computing capabilities have shifted, bringing the potential danger closer to reality. This development has prompted fresh scrutiny of how the broader cryptocurrency ecosystem handles long-term security planning.According to Bernstein, the threat is not evenly distributed across Bitcoin’s infrastructure. Older wallets are identified as the…
Quick Summary: XFunds has launched an ETF on the NYSE designed to capture Bitcoin’s after-hours price movements using futures, options, and other ETFs. A new exchange-traded fund began trading on Wednesday, offering investors exposure to Bitcoin exclusively during overnight hours when Wall Street is closed. The Nicholas Bitcoin and Treasuries AfterDark ETF made its debut on the New York Stock Exchange, representing one of the more unconventional product structures to emerge from the ETF industry in recent years. Its launch coincided with a notable overnight Bitcoin price move that illustrated the potential appeal of such a fund.The fund is offered…
