OCC Says Banks Can Handle Crypto for Customers—And Outsource It Too
The OCC has reaffirmed national banks’ authority to manage and outsource crypto asset services, signaling a broader regulatory shift.
Month: May 2025
Stripe Unveils Stablecoin Payment Accounts, AI Features During Annual User Event
Stripe is rebooting its crypto strategy and deepening AI integration, debuting stablecoin accounts and a fraud-detection model.
Bitcoin returns to $98K as Fed holds rates steady despite Trump’s demand
Bitcoin has reclaimed $98,000 for the first time in almost three months after the US Federal Reserve said it would keep interest rates the same for another month. The Fed’s decision to keep interest rates unchanged comes despite mounting pressure from US President Donald Trump, who just weeks ago threatened to fire Fed chair Jerome … Read more
Bitcoin miner Core Scientific posts $580M Q1 profit but misses revenue estimates
Nasdaq-listed Bitcoin mining firm Core Scientific Inc. posted a net profit of $580 million with its first quarter results, but missed analyst revenue estimates after a drop in its mining profits. Core Scientific’s Q1 2025 results, shared on May 7, saw it more than double its $210 million net income from the year-ago quarter, while … Read more
Arizona governor signs law for state to keep unclaimed crypto
Arizona Governor Katie Hobbs has signed a bill into law allowing the US state to keep unclaimed crypto and establish a “Bitcoin Reserve Fund” that won’t use any taxpayer money or state funds. Hobbs signed House Bill 2749 into law on May 7, which allows Arizona to claim ownership of abandoned digital assets if the … Read more
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Coinbase Breathes New Life Into Long-Forgotten Web Payment Code
Coinbase’s new open-source standard uses a once-forgotten status code to integrate stablecoin payments directly into websites and APIs.
DeFi Development Corp to Split Stock 7-for-1 After Solana-Fueled Rally
After a 1,700% rally tied to its Solana holdings, the firm says the split will boost liquidity and broaden investor access.
Binance founder CZ asked Trump to pardon money laundering conviction
Binance founder and convicted felon Changpeng Zhao says that he applied for a pardon from US President Donald Trump shortly after denying reports that he was seeking one. Zhao, also known as CZ, said on a Farokh Radio podcast episode aired May 6 that he “wouldn’t mind” a pardon and that his lawyers have already … Read more
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Senate Nears Deal on Stablecoin Bill as Lawmakers Race Against the Clock
A group of pro-crypto Democrats appears close to supporting the GENIUS Act once more. The stablecoin bill could face a vote as soon as tomorrow.
Samsung finally has a launch date for the Galaxy S25 Edge
It’s gonna be May. | Image: Samsung Samsung will formally unveil the Galaxy S25 Edge during a virtual Unpacked event on Monday, May 12th at 8PM ET. This answers at least one of our many questions about Samsung’s upcoming slim phone which the company teased back in January. A blog post published with today’s announcement … Read more
Bitcoin Is Set Up ‘Perfect for a Rally’ Thanks to Fed, Says Arthur Hayes
Everything is in place in order for Bitcoin to rally to new heights this year, said crypto entrepreneur Arthur Hayes.
Stripe rolls out stablecoin accounts in over 100 countries
Stripe, a global payments platform, has introduced stablecoin-based accounts to clients in over 100 countries. According to a May 7 announcement, the new feature will allow the platform’s clients “to send, receive, and hold US-dollar stablecoin account balances, similar to how a traditional fiat bank account works.” The product’s technical page shows that the new … Read more
Visa Bets on Stablecoin Demand With Investment in BVNK
Payments giant Visa has made a strategic investment in stablecoin infrastructure startup, BVNK—its second crypto move in recent days.
Robinhood plans blockchain for US asset trading in Europe — Report
Brokerage fintech Robinhood is reportedly developing a blockchain network that will enable retail investors in Europe to trade US securities. According to a May 7 Bloomberg report citing sources familiar with the matter, the move seeks to expand the company’s local presence by offering trading of tokenized securities, such as stocks. Two crypto firms, Arbitrum … Read more
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Eddy Cue is fighting to save Apple’s $20 billion paycheck from Google
Microsoft’s Bing or DuckDuckGo probably won’t disrupt Google’s dominance in search, said Apple senior vice president of services Eddy Cue – but AI services easily could. Cue was returning to a courtroom in Washington, DC where he last testified in the Justice Department’s trial against Google’s search monopoly in September 2023. During the current remedies … Read more
The best Mother’s Day gifts you can still grab
The AirPods 4 are down to an all-time low price. Running out of time but still want to impress Mom this Mother’s Day? Don’t panic – there’s still time to grab a gift that ships fast and won’t scream “last-minute.” Whether you’re after something to make her life easier or something to help her unwind, … Read more
Fastino trains AI models on cheap gaming GPUs and just raised $17.5M led by Khosla
Tech giants like to boast about trillion-parameter AI models that require massive and expensive GPU clusters. But Fastino is taking a different approach. The Palo Alto-based startup says it’s invented a new kind of AI model architecture that’s intentionally small and task-specific. The models are so small they’re trained with low-end gaming GPUs worth less … Read more