The New York Department of Financial Services (NYDFS) has reached a $48.5 million settlement with stablecoin issuer Paxos Trust Company, marking a major enforcement milestone. The fine addresses significant failures in anti-money laundering (AML) and due diligence linked to Paxos’s partnership with Binance. Paxos Pays $48.5 Million to Settle AML Failures Linked to Binance Operations…
SharpLink Gaming, Inc. (Nasdaq: SBET), one of the largest corporate holders of Ethereum, has announced a $200 million registered direct offering priced at $19.50 per share. NEW: SharpLink raises $200M in a direct offering led by four global institutional investors at $19.50/share This capital will be used to expand our Ethereum treasury, expected to surpass…
XRP (XRP) has regained momentum today, breaking back above the $3 mark after a major Japanese asset management firm confirmed plans to launch an exchange-traded fund (ETF) for the token. The news strengthens a bullish XRP price prediction, with expectations of rising trading volume from both retail and institutional investors in Japan. SBI Holdings, a…
A growing number of workers are now getting paid in crypto. In 2023, just 3% of those surveyed said part of their salary arrived as digital tokens. By 2024, that share jumped to 9.6%. This shift comes as blockchain firms and DAOs explore new ways to handle cross-border pay. Reports have disclosed that purely fiat…
Ripple is doubling down on its ambitions in the stablecoin payments space with the acquisition of Rail, a global settlement platform known for its speed and enterprise-grade automation. The deal, valued at $200 million, was announced on Aug. 7 and is expected to close in the fourth quarter of 2025. Meanwhile, it is still subject…
The National Institute of Standards and Technology (NIST) completed a report on the safety of the advanced AI models near the end of the Joe Biden administration, but the document was not published following the transition to the Donald Trump administration. Although the report was designed to assist organizations in evaluating their AI systems, it…
Decentralized infrastructure for collaborative AI, Coral Protocol reported that its multi-agent system outperformed Microsoft-supported Magnetic-UI by 34% on the GAIA Benchmark—an unprecedented result that suggests horizontal scaling may offer a more effective approach than expanding model parameters. The protocol’s system leverages intelligent orchestration across multiple agents, rather than focusing solely on increasing model size. This…
Despite overseeing more than 40 million domains and collaborating with industry leaders like Google and Verisign, Fred Hsu saw a critical gap in Web3: the absence of a legally authoritative naming system. This realization sparked the creation of D3, a platform that reimagines domains as dynamic, programmable assets driving the emerging DomainFi economy. Under Hsu’s…
The US SEC has released new guidance for stablecoins, in a move that could further boost the adoption of these dollar-pegged coins. This follows the launch of Project Crypto, which the Commission has highlighted as a roadmap to make the US the crypto capital. US SEC Releases New Guidance For Stablecoins According to a Bloomberg…
Long-term Tron ($TRX) holders recently realized a hefty $1.4B in profits. They’re cashing out as the token continues to outpace the crypto bigwigs – even $BTC and $ETH – in annual returns. As $TRX continues to thrive, it creates a favorable environment for the top altcoins, so read on for some of the best altcoins…