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Newly released documents show the New York Attorney General urged the SEC to classify Ethereum as a security. This urgency was evident during the SEC’s 2023 enforcement action against crypto exchange KuCoin. However, the SEC ultimately declined to publicly state that position.  The documents, made public by Coinbase through a Freedom of Information Act request, include an email from Shamiso Maswoswe, head of the Investor Protection Bureau at the NYAG’s office, to SEC Chair Gary Gensler’s chief of staff.  In the message, Maswoswe requested that the SEC file an amicus brief supporting the argument that Ethereum (ETH) is a security.…

Influencer Logan Paul should be allowed to continue a lawsuit accusing the YouTuber known as “Coffeezilla” of making defamatory remarks about Paul’s failed CryptoZoo project, a Texas magistrate judge said.In a March 26 report filed in a San Antonio federal court, Magistrate Judge Henry Bemporad recommended that federal Judge Orlando Garcia, overseeing the case, deny Stephen Findeisen’s bid to toss Paul’s lawsuit, as Findeisen presented his claims more akin to facts than “mere opinion.”“At the pleading stage, Plaintiff [Paul] has sufficiently alleged that the statements at issue in this case are reasonably capable of defamatory meaning and are not unactionable…

Hyperliquid jumped to #3 in blockchain fees over 24 hours, surpassing Ethereum and Bitcoin. Fee hikes tested user loyalty; volume and liquidity remained firm as HYPE eyed a $50 breakout. In a startling move up the ranks, Hyperliquid [HYPE] has soared to become the third-highest blockchain by daily fee generation in 24 hours, trailing only Solana [SOL] and Tron [TRX]. With surges in daily revenue, perpetuals volume, and bridged TVL, it has overtaken Ethereum [ETH] and Bitcoin [BTC] — an outcome almost unthinkable just months ago. At the heart of this surge is native token HYPE, which has shown strength…

BTC Inc, parent company of Bitcoin Magazine and The Bitcoin Conference, is putting Bitcoin to the ultimate test at this year’s Bitcoin 2025 conference with an official attempt to break the GUINNESS WORLD RECORDS® title for the Most Bitcoin Point of Sale Transactions in 8 Hours. The attempt will take place live during the conference at the Venetian Conference Center in Las Vegas from May 27–29, 2025. To make this possible, BTC Inc will issue 4,000 Lightning-ready Bolt Cards to attendees. The cards use tap-to-pay functionality and feature four limited-edition designs, each honoring a major figure in Bitcoin history and…

Opinion by: Anurag Arjun, co-founder of Avail On paper, SocialFi is a no-brainer. It promises to shift the balance of power in social media — giving people control over how their content and personal data are used and monetized. It even offers users a stake in the $200+ billion social media advertising market, a pie currently devoured almost entirely by giants like Meta.And yet, SocialFi platforms today feel more like digital ghost towns than the bustling hubs of Web2. Friend.tech, hailed as a breakout star in 2023, peaked at just 80,000 daily active users before falling below 10,000. What’s holding SocialFi…

In financial markets, making assumptions based on short-term observations is a fool’s errand, as significant trends develop over months and years, not days or weeks. But as investors evaluate bitcoin’s role in their portfolios, the events of April are worth analyzing in order to understand the asset’s emerging reputation as a store of value.Backdrop of volatilityThe turbulence sparked by President Trump’s tariffs announcement on April 2 sent stock prices plummeting the following day, with the Nasdaq 100 and S&P 500 falling 4.8% and 5.4%, respectively. Bitcoin followed suit as the VIX Volatility Index hit levels not seen since the early…

April 2025 has turned out to be another month of significant turbulence in the crypto market. As per the data from PeckShieldAlert, a prominent blockchain security entity, eighteen notable crypto exploits took place during April, resulting in significant losses of up to $357.11M in total. The blockchain security firm took to social media to disclose this enormous crypto loss. March Sees 7.11M in Crypto Losses, Unauthorized Bitcoin Transaction Account for 92% The details provided by PeckShieldAlert highlight a cumulative $357.11M loss in the wider crypto market during April 2025. However, unauthorized Bitcoin ($BTC) transactions has accounted for up to 92%…

This week, Phoenix Group PLC reported $31 million in Q1 2025 revenue alongside progress toward 500 megawatts (MW) of global bitcoin mining capacity, including a newly operational 20 MW facility in Texas. Phoenix Group Targets Top 5 Bitcoin Mining Spot by 2026 Phoenix Group, an Abu Dhabi-based cryptocurrency mining firm, announced consolidated Q1 revenue of […]

Hello everyone! My name is Mihajlo, and over the past six months as part of my Next Billion Fellowship, I’ve been working to bring the benefits of Web3 to the World Scouting Movement. Growing up in Serbia in the ’90s, I experienced firsthand the devastating effects that wars and sanctions can have on young people. There weren’t a lot of opportunities to find good role models or supportive peers. In that sort of environment, it’s easy for youth to become caught up in gangs or criminal activity. I would say it’s because of technology and the scouting movement that I…

USD1, the US dollar stablecoin launched by the US President Donald Trump-backed World Liberty Financial (WLFI), has become the seventh-largest stablecoin worldwide in just two months since its launch.WLFI’s snapshot vote for a USD1 airdrop proposal is underway, and USD1’s market capitalization has continued to climb.Launched in early March with a $3.5 million supply, USD1 has expanded into a market cap of $2.2 billion at the time of writing, leaving rival stablecoins First Digital USD (FDUSD), PayPal USD (PYUSD) and Tether Gold (XAUT) behind, according to data from CoinGecko.Top 10 stablecoins by market capitalization. Source: CoinGeckoAlthough rising fast, the USD1…