Coinbase Launches cbETH Wrapped Ethereum Staking Token Ahead of Merge

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Coinbase Base Co-Founder Criticised for Supporting Soulja Boy Linked Meme Token Amid Crypto Transparency Concerns

Soulja Boy apologised for promoting numerous crypto and NFT projects that later failed or were scams. Critics and analysts remain concerned as he appears to be involved with new high-risk tokens on the Base platform.

Bitcoin Investor Loses Retirement Savings to Romance Scam Using AI-Powered Pig Butchering Tactics

A Bitcoin investor lost his entire retirement savings after sending $85,958 to a scammer posing as a romantic partner and trader. Despite repeated warnings from his adviser, the investor fell for a pig butchering scam that used emotional manipulation and false promises of high returns.

PayPal Aims to Become Regulated Bank to Strengthen Small Business Lending and Payment Systems

PayPal applied for a U.S. bank charter to offer direct loans to small businesses and interest-bearing savings accounts. The company also filed with the FDIC to ensure deposits would be federally insured.

HashKey Holdings Raises US$206 million in Hong Kong IPO Despite Crypto Market Volatility

HashKey Holdings raised HK$1.6 billion in its IPO, pricing shares near the top of the marketed range despite crypto market volatility. The offering attracted strong demand from institutional and retail investors, highlighting confidence in the company’s regulated crypto platform.

Chinese AI Chip IPO Boom Continues with MetaX Drawing Higher Subscriptions as Investors Bet on Nvidia Rival

MetaX Integrated Circuits Shanghai is set to start trading after raising US$585.8 million in an IPO that was nearly 3,000 times oversubscribed, showing strong demand from investors. The company makes AI graphics chips and is seen as a potential local rival to Nvidia, following the huge gains of Moore Threads Technology.

PancakeSwap Expands Into Prediction Markets on BNB Chain With Zero-Fee Platform Covering Crypto Prices and Global Events

PancakeSwap, with YZi Labs, has launched Probable, a zero-fee prediction market platform on BNB Chain. The platform lets users trade on events like crypto prices, sports, and global happenings quickly and transparently, with all settlements on-chain.

Russia Confirms Bitcoin and Ethereum Cannot Be Used for Payments as Ruble Remains Sole Legal Tender

Russia has confirmed that cryptocurrencies like Bitcoin and Ethereum cannot be used for payments, with all domestic transactions required to be in rubles. At the same time, the country allows crypto for cross-border trade and investment, with banks offering related products under strict rules.

US Senators Push SAFE Crypto Act to Protect Investors from Cryptocurrency Scams

Two US senators have introduced the SAFE Crypto Act to create a federal task force aimed at preventing cryptocurrency fraud. The legislation will give law enforcement new tools, raise public awareness, and could affect how crypto businesses operate, especially smaller firms.

Amazon Could Supply Trainium Chips to OpenAI in $10 Billion Funding Talks

OpenAI is in talks with Amazon over a potential $10 billion investment, which could value the AI company at more than $500 billion. The deal may include using Amazon’s AI chips and cloud services, allowing OpenAI to diversify its technology partners beyond Microsoft and Nvidia.