Formerly only a real estate financing company, DeFi Development Corp started buying Solana to become a Solana treasury company as well, currently holding over 609,000 tokens.
Stephen Katte
Stephen Katte is an Australian freelance journalist having worked at media companies including Fairfax Media and Nine. He is also the author behind Vanguard, a post-apocalyptic science fiction novel.
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DeFi Development to refile $1B Solana plan after SEC filing snag - News
French police make more arrests in crypto kidnapping case The father of an unnamed crypto entrepreneur was held captive at a property for several days until a May 3 police raid liberated him.
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Disney, Universal sue Midjourney — ‘bottomless pit of plagiarism’ Disney said it filed the complaint after its request to Midjourney to adopt anti-copyright infringement measures was ignored.
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Librarian Ghouls hacker group targeting Russians to mine crypto Cybersecurity firm Kaspersky says the Librarian Ghouls may be hacktivists, based on their reliance on legitimate, third-party utilities, a technique commonly associated with similar groups.
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Fortune 500’s interest in stablecoins triples from last year: Coinbase Nearly 30% of the 100 executives at a Fortune 500 firm said their company has plans or is interested in stablecoins, up from 8% who said the same last year.
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Crypto social media sees rising interest in AI taking jobs: Santiment Other narratives of interest on social media included the accumulation of crypto by whales like millionaire crypto trader James Wynn, Solana, Loud Token and various memecoins.
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Amazon doubles down on AI with $20B Pennsylvania investment Amazon made similar commitments in North Carolina, with $10 billion earmarked to expand its data center infrastructure in the US State.
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SEC eyes exemption framework to boost crypto innovation Securities and Exchange Commission chair Paul Atkins also bashed the previous administration under former SEC Chair Gary Gensler and its approach to crypto.
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Metaplanet shares jump after $5.4B plan to buy Bitcoin Metaplanet hopes to buy 210,000 Bitcoin by the end of 2027, which would make it the second-largest holder of Bitcoin among public companies.
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Sui DEX restarts, plots open-source move after massive exploit Affected Cetus liquidity pools were replenished using a combination of recovered funds, cash reserves, and a $30 million USDC loan.
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Crypto users fail ‘basic situational awareness’ at events, says Kraken Kraken’s security team says that at crypto conferences, it’s seen unlocked laptops, phones left unattended and public discussions about personal wealth.
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Uber in ‘study phase’ of using stablecoins to lower costs, says CEO Uber CEO Dara Khosrowshahi says the ride-sharing giant is looking at whether stablecoins can help it cut costs when moving money around the world.
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US wants $7.7M in crypto laundered in North Korea IT worker plot The Justice Department has filed a civil forfeiture complaint to seize crypto and NFTs allegedly tied to laundering efforts by North Korea.
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California advances bill on unclaimed crypto and merchant payments The bill has seen contention online, but Satoshi Action Fund’s Eric Peterson says it updates the state’s unclaimed property laws so crypto doesn’t get liquidated.
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Ukraine arrests man for breaching hosting accounts to mine crypto Ukrainian police claimed the man’s actions caused a server hosting company to suffer losses estimated at over $4.4 million.
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Stablecoin giant Circle again boosts IPO, this time to $1.05 billion USDC issuer Circle has upsized its initial public offering again, selling 34 million shares at $31 each.
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SEC to shape crypto policy with ‘notice and comment,’ says Atkins Securities and Exchange Commission chair Paul Atkins told a Senate subcommittee that his approach to crypto “will be done through notice and comment rulemaking, not through regulation by enforcement.”
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Trump memecoin wallet in ‘absolute chaos’ as family org unaware of launch The announcement of a Donald Trump-branded crypto wallet from the team behind his memecoin has been muddled after the president’s sons disavowed it.
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Norwegian crypto platform spikes 138% on Bitcoin treasury plan Shares in the Norwegian Block Exchange jumped 138% on June 2 after the crypto exchange said it bought 6 Bitcoin and planned to buy many more.
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Australia rolls out new crypto ATM rules as feds flag rising scams Australian Federal Police say scam losses via crypto ATMs surpassed 3.1 million Australian dollars ($2 million) in a 12-month period, which “may be just the tip of the iceberg.”
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Silk Road founder’s 300 Bitcoin payday unlikely ‘a self donation’ — ZachXBT ZachXBT says both the wallet addresses that sent Silk Road founder Ross Ulbricht 300 Bitcoin were active in 2014 and 2019 while he was in prison.
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World Vision first nonprofit to trade crypto in South Korea after ban lifted World Vision cashed out nearly $1,500 worth of Ether received in a campaign in March that asked Upbit users to donate to help kids who can’t afford school supplies.
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Meta to make AI-powered mixed-reality headsets for US military “EagleEye” will be the first headset Meta will make in partnership with defence contractor Anduril, says the firm’s co-founder, Palmer Luckey.
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Crypto staking on proof-of-stake blockchains not a security: SEC staff SEC Commissioner Hester Peirce has backed the guidance, saying it gives clarity to stakers, while her peer Caroline Crenshaw claims it ignores existing laws.
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US sanctions Philippines tech firm accused of aiding crypto scams OFAC claims Funnull Technology purchased a code repository used by web developers and altered it to redirect legitimate websites to scam websites.
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Eric Adams calls for Bitcoin bond in NYC, end to state BitLicense Eric Adams wants to repeal New York’s BitLicense, which the state launched in 2015 and has been criticised by the crypto industry for being too costly.
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European crypto firm K33 raises $6.2M for Bitcoin buys K33 CEO Bull Jenssen said his firm hopes to use its Bitcoin holdings as a foundation to offer new services, such as BTC-backed lending.
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Nvidia posts mixed Q1, predicts $8B hit with US chip curbs Nvidia shares have jumped nearly 5% after-hours after the chipmaker’s Q1 results beat estimates on revenue but fell short on earnings.
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Crypto czar Sacks says US could possibly ‘acquire more Bitcoin’ White House AI and crypto czar David Sacks says Donald Trump’s crypto executive order allows the government to purchase more Bitcoin if it’s done in a budget-neutral way.
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CFTC’s Goldsmith Romero says commissioner exodus ‘not a great situation’ Goldsmith Romero thinks the CFTC should work on defining a retail customer and implement bans against co-mingling a company’s assets with customer funds.