Crypto News
CoinDesk Recap: Movement’s Very Bad Week
This week, bitcoin climbed steadily to reach nearly $100K, amid hopes for a China-U.S. trade and better macroeconomic conditions ahead.Institutions like Mastercard and BlackRock made important digital asset announcements.An historic stablecoin bill neared completion in the U.S. Congress. (A former prime-mover in the House said to expect a “wicked hot summer” of legislation.)And the Trump Family continued to dominate the crypto news cycle, raising serious conflict-of-interest questions.At CoinDesk, however, the biggest story concerned Movement, a once-hot startup that now seems deeply troubled.Deputy managing editor Sam Kessler published an eye-opening scoop showing that Movement Labs may have been misled into signing a market-making agreement that granted a middleman control over 66 million MOVE tokens. That deal was said to have triggered...
Apple Eases NFT, Crypto Rules for iOS Apps Following Antitrust Ruling
Apple has loosened restrictions on developers’ ability to offer iPhone and iPad apps directing users to external purchasing methods, including for NFTs.Source link
Tokenized Treasuries Add $560M in 15 Days, Pushing Market to $6.5B
In just 15 days, the tokenized Treasury market ballooned by $560 million, catapulting its total value to an impressive $6.5 billion as of May 2, 2025. BUIDL and USTB Drive 98% of Tokenized Treasury Market Growth in Just Two Weeks The Blackrock USD Institutional Digital Liquidity Fund (BUIDL), powered by Securitize, captured the lion’s shareSource link
Cambodian Huione Group Received $98B in Crypto Leading to U.S. Crackdown: Elliptic
Huione Group, the Cambodia-based conglomerate that the U.S. Treasury Department wants to cut out of the U.S. financial system, received $98 billion worth of crypto since 2014 through illicit schemes like money laundering, pig butchering and online scams, according to blockchain security firm Elliptic.The company, which has links to the Asian country's ruling Hun family, runs a Telegram-based marketplace where users can purchase personal data, money laundering services and even electric shackles intended for use on human beings.“Huione Group has come under intense scrutiny this week, with the U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN) identifying the Cambodia-based conglomerate as an entity primary money laundering concern," Elliptic co-founder Tom Robinson told CoinDesk.In January, the company introduced its own stablecoin...
Strategy’s $84B Bitcoin Expansion Plan Backed by Wall Street Analysts
Wall Street analysts are standing firmly behind Strategy’s (MSTR) aggressive escalation of its bitcoin (BTC) acquisition strategy after the company unveiled plans to double its capital-raising ambitions."While the number of companies that have sought to replicate Strategy’s bitcoin acquisition strategy has continued to grow rapidly … MSTR yesterday issued a reminder of the extent of its first-mover advantage and how its ability to accelerate its accumulation of bitcoin has continued to increase as its platform has scaled," wrote Benchmark's Mark Palmer, reiterating his buy rating and $650 price target.Though MSTR trades at more than double the value of its bitcoin holdings, Palmer says that level is "attractive" thanks to Executive Chairman Michael Saylor and team's "demonstrated ability to create shareholder...