Unpacking the DOJ’s Crypto Enforcement Memo
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Crypto News

Earlier this month, the Department of Justice disbanded its National Cryptocurrency Enforcement Team and said it would no longer pursue what Deputy Attorney General Todd Blanche described as “regulation by prosecution.” You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government. Click here to sign up for future editions. […]

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Canary Capital Files for Tron (TRX) ETF With Staking Capabilities
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Crypto News

Canary Capital is looking to launch an exchange-traded fund (ETF) tracking the price of Tron’s native token, TRX, according to a filing. The hedge fund submitted a Form S-1 for the Canary Staked TRX ETF with the Securities and Exchange Commission (SEC) on Friday. As the name suggests, the fund — if approved — would […]

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Leaders of $190M Crypto Ponzi Scheme, Braiscompany, Sentenced to Over 170 Years
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Crypto News

A Brazilian court has sentenced three executives behind the collapsed crypto scheme Braiscompany to a combined 171 years in prison, concluding one of the country’s largest crypto fraud cases to date. Federal Judge Vinicius Costa Vidor found Joel Ferreira de Souza, the scheme’s alleged mastermind, guilty of operating an unlicensed financial institution and laundering millions […]

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Bitcoin (BTC) Price in Standstill at $85K as Trump Increases Pressure on Fed’s Powell
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Crypto News

Bitcoin (BTC) was treading water just below $85,000 late Thursday as tensions between U.S. President Donald Trump and Federal Reserve Chair Jerome Powell added another layer of uncertainty for investors. Markets dipped on Wednesday after hawkish comments from Powell, who criticized Trump’s tariffs policy, saying that it would likely result in a slowing economy and […]

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EigenLayer Adds Key ‘Slashing’ Feature, Completing Original Vision
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Crypto News

Almost one year to the day after Ethereum protocol EigenLayer launched its “restaking” network to unprecedented industry fanfare, the network is finally adding a core feature that was, until now, glaringly absent: “slashing.” Eigen Labs hopes slashing — EigenLayer’s system for keeping “restakers” honest by revoking collateral if they act maliciously — will finally realize […]

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Republican States Pause Lawsuit Against SEC Over Crypto Authority
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Crypto News

A federal judge agreed to pause an ongoing lawsuit between 18 state attorneys general and a decentralized finance lobbyist group against the U.S. Securities and Exchange Commission (SEC) on Wednesday, after the parties noted the SEC’s new leadership. The state AGs, all Republicans, filed the lawsuit alongside the DeFi Education Fund last November after Donald […]

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Mantra Plans “Comprehensive Burn Program” of OM Following 90% Crash
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Crypto News

Real-world asset project Mantra plans to create a comprehensive burn program for its OM token, CEO John Mullin said in an X post Wednesday. Mullin was responding to a post which said he was planning to burn his team’s tokens to win back the trust of the community after OM abruptly lost over 0% of […]

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Bitcoin Slips With XRP, ADA as Nvidia’s Massive $5.5B Charge Sours Investor Sentiment
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Crypto News

The mood in the equity and crypto market turned sour late Wednesday as Nvidia shares crashed in after-hours trading following a $5.5 billion charge tied to the Trump administration’s decision to ban the company’s H20 chip sales to China. Bitcoin, the leading cryptocurrency by market value, fell to $83,600, extending the retreat from the two-week […]

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AI Coins, RNDR, TAO, FET, Nurse Losses as Nvidia Bearish Options Bets Cross the Tape
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Crypto News

Tokens associated with artificial intelligence (AI) fared worse than the biggest cryptocurrencies over the past 24 hours. The relative weakness comes amid unusual activity in put options tied to shares of Nvidia (NVDA), the chipmaker that on Monday said it will will start building its AI supercomputers in the U.S. While bitcoin (BTC), the largest […]

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Bitcoin Price Hovers at $85K as Fed’s Waller Suggests ‘Bad News’ Rate Cuts if Tariffs Resume
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Crypto News

Bitcoin (BTC) drifted ever so gently upwards Monday as the broader market adjusts favorably to trade-related news. The largest cryptocurrency was up 1.6% in the last 24 hours and is now trading just shy of $85,000. Ether (ETH), meanwhile, rose 2.7% in the same period of time to $1,630. The broad-market CoinDesk 20 Index — […]

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U.S. Crypto Lobbyists Flooding the Zone, But Are There Too Many?
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Crypto News

Crypto’s moment has seemingly arrived in Washington, D.C., and the industry is trying to make the most of it. But as new organizations hatch and leadership shifts at the top advocacy operations, the field of pro-crypto groups trying to carry the torch is more crowded than ever. No fewer than a dozen groups — including […]

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Gold ETF Inflows Hit Three-Year High as PAXG, XAUT Outperform Wider Crypto Market
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Crypto News

As traditional gold markets heat up, crypto investors are following suit—flocking to tokenized versions of the precious metal that offer both price exposure and digital flexibility. Gold-backed cryptocurrencies like Paxos Gold (PAXG) and Tether Gold (XAUT) have risen 24.15% and 23.7% respectively year-to-date to new all-time highs above $3,300, roughly matching the performance of spot […]

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