The latest and biggest crypto news about how Bitcoin, blockchain, DeFi, and Web3 are shaping our world. Global: https://t.me/addlist/pIGS3a3VQZllNzIy Community: @telochat_en Twitter: twitter.com/Telo_Official For ads: ad@telo.news
A study revealed that Dunamu, the parent company of South Korea’s largest exchange Upbit, held 16,839 BTC as of December 2024.
These holdings were primarily accumulated through Bitcoin market trading fees and BTC withdrawal fees.
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A judge has rejected the SEC and Ripple’s joint motion to reduce Ripple’s penalty from $125m to $50m, calling the request “procedurally improper.”
The court said the motion failed to meet Rule 60 standards and noted that while the parties may refile, such relief is rarely granted and must serve the public interest.
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The U.S. Department of Justice will proceed with charges against Tornado Cash co-founder Roman Storm for conspiracy to commit money laundering, sanctions evasion, and transmitting criminal proceeds.
Last year, a federal Manhattan judge rejected Storm’s free speech argument. Some charges related to unlicensed money transmission have been dropped.
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FTX will begin its second round of creditor distributions on May 30, 2025, under its Chapter 11 Plan. Eligible claimants will receive funds via Bitgo or Kraken within 1–3 business days.
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Wintermute has officially established its U.S. headquarters in New York City as part of its American expansion, aiming to strengthen its presence in the largest financial market and foster deeper relationships with U.S.-based partners.
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The number of wallets with at least 1 BTC has decreased by 5,000 in the past two months.
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Brazil’s central bank has proposed new rules to restrict stablecoin transfers to wallets controlled by non-Brazilian entities.
The move is part of a broader crypto regulatory framework aimed at tightening oversight of cross-border transactions and domestic stablecoin activity.
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Ripple met with UAE officials at the Dubai FinTech Summit to discuss crypto regulation and blockchain adoption.
20% of Ripple’s global customer base is based in the Middle East, supported by its Dubai office, which opened in 2020. Ripple also partners with the DIFC Innovation Hub, home to 1,000+ tech firms, VCs, regulators, and digital labs.
The company recently obtained a regulatory license from the Dubai Financial Services Authority (DFSA).
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Coinbase and marketing firm Marden-Kane will pay $2.25m to settle a class action lawsuit over a 2021 Dogecoin sweepstakes.
The suit accused Coinbase of misleading users by not clearly disclosing that entry was free. U.S. users who traded at least $100 in DOGE during the promo will be reimbursed for fees and spreads from their first trade. Coinbase earned $1.3m in fees from the event.
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Tether has unveiled QVAC, a decentralized AI development platform that enables scalable, autonomous AI agents to run entirely on local user devices—without relying on cloud infrastructure or centralized servers.
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eToro (ETOR) is set for its Nasdaq debut at $52 per share, raising $310m and hitting a $4.2bn valuation.
The offering far exceeded expectations, with 6m shares priced well above the marketed range of $40–$44.
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The U.S. announced the inflation figures:
⚫ CPI: 2.3% YoY, 0.2% MoM
⚫ Forecasted CPI: 2.4% YoY, 0.3% MoM
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American Bitcoin, co-founded by President Trump’s son Eric Trump, is going public via a 100% stock-for-stock merger with Nasdaq-listed Gryphon Digital Mining under the ticker ABTC.
The deal is expected to close as early as Q3 2025. Post-transaction, American Bitcoin shareholders will own ~98% of the combined company.
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Dubai's government will accept crypto payments through Crypto.com after an MOU between Dubai Finance and the exchange.
Crypto.com will handle payment processing by converting cryptocurrencies into AED and transferring the funds directly to Dubai Finance accounts.
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Tether has announced the launch of its gold-backed token XAU₮ on Thailand-based exchange Maxbit, marking the asset’s official entry into the Thai digital market.
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The government of Tinian in the Northern Mariana Islands will become the first U.S. public entity to issue a USD-backed stablecoin.
The token will launch on the eCash network, selected for its low fees, scalability, and gasless design.
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Abu Dhabi’s Sovereign Wealth Fund has revealed a $408m investment in BlackRock’s spot Bitcoin ETF in a recent SEC filing, marking one of the largest institutional bets on BTC to date.
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Ethereum stablecoin volume reached a new all-time high of $908bn in April, fueled by rising demand from institutions, tech giants, and Trump’s crypto pivot.
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The SEC is investigating whether Coinbase misrepresented user numbers in past disclosures, focusing on its “verified user” data before and after the 2021 IPO. The probe began under the Biden administration and has continued under Trump.
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Franklin Templeton has received regulatory approval from the Monetary Authority of Singapore (MAS) to launch the Franklin OnChain U.S. Dollar Short-Term Money Market Fund, the first tokenized fund available to retail investors in Singapore.
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eToro’s share price surged 29% to $67 on its first day of trading on the Nasdaq, pushing its valuation to $5.4bn.
The trading platform generated $12.4bn in digital asset revenue in 2024, up from $3.4bn in 2023. Due to SEC oversight, it currently offers only Bitcoin, Ethereum, and Bitcoin Cash trading in the U.S.
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Russia’s central bank has included Bitcoin for the first time in its official “Financial Market Risk Review.” Bitcoin appears in the global risks section, where the regulator highlights crypto volatility and potential threats to investors and financial stability.
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Gold closed below $3,160, its lowest in over a month, down around 10% from its all-time high of $3,509.9.
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CFTC Commissioner Summer Mersinger will resign on May 30 and take over as CEO of the Blockchain Association starting June 2, replacing Kristin Smith, who is set to lead the new Solana Policy Institute.
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Coinbase Canada has made a strategic investment in Stablecorp to expand adoption of QCAD, a Canadian dollar-backed stablecoin backed 1:1 by CAD reserves. The amount was not disclosed.
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Thailand plans to issue a $150m digital investment token called G-Token within two months, aiming to raise funds under its current budget borrowing plan. The token is designed to offer higher returns than traditional bank deposits.
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Robinhood will acquire WonderFi for C$250m (approximately $183m) in cash, gaining access to its regulated crypto platforms Bitbuy and Coinsquare with over C$2.1bn (around $1.54bn) in assets under custody.
The deal, expected to close in H2 2025, includes a 41% premium for shareholders and will integrate WonderFi’s team into Robinhood Crypto’s Canadian operations.
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Metaplanet now holds 6,796 BTC — surpassing El Salvador’s 6,170 BTC — and has become the first publicly listed Japanese company to adopt Bitcoin as a strategic reserve.
Japanese investors welcomed the move, with Metaplanet’s stock soaring over 300% since announcing its initial BTC purchase.
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Arizona Governor Katie Hobbs has vetoed two crypto bills—SB 1373 and SB 1024—citing market volatility and concerns over public fund exposure to digital assets.
At the same time, she signed HB 2387 into law, imposing strict fraud prevention and compliance requirements on crypto ATM operators across the state.
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The U.S. Treasury Department is holding a series of closed-door crypto policy roundtables this week with industry leaders, focusing on stablecoins, DeFi, banking access, and cybersecurity.
The sessions aim to shape best practices and address illicit finance risks, with particular attention on stablecoin compliance and sanctions concerns as the GENIUS Act remains stalled in Congress.
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