The founder of the Chinese cryptocurrency exchange plans to announce the trust within a few weeks, with the backing of Ether supporters.
Turner Wright
Turner Wright is a senior policy reporter at Cointelegraph, focusing on US laws and regulations related to digital assets. He writes features and news stories for the website and Cointelegraph Magazine, and is sometimes featured in one of the publication’s podcast series. He holds a bachelor’s degree in aerospace engineering from the University of Texas at Austin and started as a freelance journalist covering issues in Japan and around the world, joining the Cointelegraph team in 2020. Turner has no crypto holdings above Cointelegraph’s disclosure threshold of $1,000.
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Huobi founder raises $1B as part of Ether trust strategy: Report - News
BitMEX co-founder’s family office seeking $250M for private equity fund: Report The fund, to be run by Arthur Hayes and two associates, reportedly plans to use $40 million to $75 million for each acquisition of up to six crypto companies.
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BNB heads to Coinbase listings following community debate over exchange rules Coinbase added a Binance token to a list of planned additions to the exchange amid an online discourse that included one of its own employees and other industry leaders.
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Tether seeks Juventus footprint with nomination of executive to club’s board The stablecoin issuer confirmed reports that it would nominate members to the football club’s board of directors about eight months after its initial investment.
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Crypto execs fork over cash at Trump’s ballroom fundraiser Representatives from Gemini, Ripple and Coinbase were in attendance at the fundraising dinner at the White House on Wednesday evening.
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Ripple CEO calls for parity in treatment of TradFi, crypto companies Brad Garlinghouse has asked that Ripple be “held to the same regulatory standards as a bank” as the company awaits a decision on a national charter from the OCC.
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A $300 trillion fat-finger, as Paxos accidentally mints PYUSD... before burning it Crypto users were left scrambling on Wednesday after Paxos minted 300 trillion of PayPal's PYUSD stablecoin, then sent it all to a burn address.
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MEV bot exploit heads to US court, testing crypto’s legal gray zones Anton and James Peraire-Bueno appeared in court this week to address allegations involving a $25 million exploit on the Ethereum blockchain.
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NYC mayor establishes digital assets and blockchain office The executive order creating the Office of Digital Assets and Blockchain Technology under the New York City government came three months before Eric Adams will leave office.
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US government could add $14B to crypto reserves as part of forfeiture case The US said it would pursue forfeiture of the Bitcoin holdings tied to a Cambodia-based company if the alleged ringleader were convicted.
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US moves to drop Bitcoin advocate Roger Ver’s tax case with $50M deal Less than a week after reports of an agreement between the “Bitcoin Jesus” and US authorities, Roger Ver’s 2024 criminal tax case may be nearing an end.
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Alleged Hyperliquid whale denies insider trading with Trumps A massive Bitcoin short placed minutes before US President Donald Trump announced tariffs with China on Friday has raised questions about insider trading.
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California governor signs laws establishing safeguards over AI chatbots The laws will likely impact social media companies and websites offering services to California residents, including minors, using AI tools.
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Nobel Peace Prize bets on Polymarket under scrutiny: Report Data from Polymarket showed one user with a recently opened account made more than $30,000 exclusively through bets on the peace prize winner.
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SEC’s ‘future-proofing’ push to shape how much freedom crypto enjoys after Trump Could a future US presidential administration undo all of Paul Atkins’ work in a matter of days? Cointelegraph spoke to legal and regulatory experts to find out.
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Texas lawmaker behind state’s crypto reserve bill: Ether may be next The cryptocurrency with the second-largest market cap was on its way to meeting requirements under Texas' crypto reserve law until a price drop on Friday.
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Banks explore launching a stablecoin linked to G7 currencies The group of banks said the stablecoin initiative would explore the “benefits of digital assets” in bringing new products to the market.
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Roger Ver reaches tentative agreement with US DOJ over tax charges: Report The so-called Bitcoin Jesus was charged with tax evasion in April 2024, years after he renounced his US citizenship.
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Bybit is granted full regulatory approval by the UAE The license came eight months after the regulator gave the company in-principle approval, and a few weeks after Bybit secured a non-operational license for Dubai.
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Massachusetts Bitcoin reserve bill gets lukewarm response at hearing State Senator Peter Durant addressed Massachusetts lawmakers on Tuesday regarding his proposed Bitcoin reserve bill, but received no questions.
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Congressman Steil: US market structure bill on track, despite shutdown Senate Republicans initially said they planned to pass digital asset market structure before 2026, but consideration of the bill was already delayed before the shutdown.
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US Senate confirms Treasury official as government shutdown continues As the government shutdown drags on, the Senate’s confirmation of Jonathan McKernan gives the Treasury a new voice on banking and digital asset oversight.
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Poll shows crypto-focused candidates could sway voters in US midterms With more than a year until US elections to determine control of Congress, a new poll suggested some crypto-minded Democratic voters could be swayed to vote Republican.
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Coinbase enables staking for NY residents after regulatory approval Coinbase has launched crypto staking in New York, allowing residents to earn rewards on assets such as ETH and SOL following state regulatory approval.
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BitGo secures VARA license amid regulatory crackdown Dubai's regulator announced it had issued financial penalties against 19 companies related to digital asset activities, as it also approved BitGo's MENA entity.
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Tether to propose board candidates for Juventus football club: Report The stablecoin issuer reportedly capitalized on its initial investments in February and April to weigh in on who should comprise the Italian football club's board.
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What to expect as US government shutdown enters second week The shutdown entered its sixth day on Monday, with the SEC, CFTC and other agencies operating with restrictions and limited staff.
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FDIC to review rule that may shape banks’ crypto relationships An FDIC meeting will follow up on acting chair Travis Hill’s statements that he would support Trump’s executive order targeting “politicized or unlawful debanking activities.”
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Companies weigh in as UK prepares to reverse crypto ETN ban The UK will lift a ban on specific crypto exchange-traded products starting next week, but the regulator said its “framework would need to be updated” before considering ETFs.
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CME Group to expand with 24/7 crypto derivatives trading in 2026 Though planned for “early 2026,” the expansion in the CME Group’s trading services is subject to regulatory review amid a US government shutdown with no end in sight.