Month: May 2025

Senate advances GENIUS Act after cloture vote passes

The Senate advanced the GENIUS Act, a stablecoin regulation bill, after a cloture vote passed with 60 votes. Bipartisan support dissolved due to Trump-related conflict concerns.

Dough Finance Hack: $2.5M Lost – Will Silent World Liberty Partners Repay Investors?

Dough Finance lost $2.5M in a hack, leaving investors like Jonathan Lopez awaiting repayment. Despite promises, partners Herro and Folkman went silent, sparking a lawsuit and token compensation plan.

Cardano’s Hoskinson denies ADA misappropriation allegations, calls them deeply personal and damaging

Cardano founder Charles Hoskinson denies ADA misappropriation allegations, plans legal action and external audit. Cardano Foundation and Emurgo address governance, supporting IOG’s transparency efforts.

Senate Stablecoin Bill Passes Key Vote as GENIUS Act Regains Momentum – Decrypt

The Senate’s GENIUS Act stablecoin bill passed a key procedural vote, overcoming earlier setbacks. It now moves toward a full vote, potentially establishing a U.S. stablecoin framework if signed into law.

Stellar [XLM] price prediction – Examining why $0.27 is a key level for the altcoin

Stellar (XLM) has declined 11.1% in a week, trading at $0.2799. Analysts warn it may drop to $0.23 if it fails to hold $0.27 support, with bearish momentum and declining Open Interest signaling further potential losses.

Vitalik Buterin Proposes Updates to Ethereum’s Scaling Strategy

Vitalik Buterin proposes updates to Ethereum’s scaling strategy, focusing on local node operation and L1 scaling. He suggests partially stateless nodes, EIP-4444 rollout, and gas cost adjustments.

Solana Labs offshoot Anza pitches ‘biggest change’ ever to network consensus

Anza, a Solana Labs offshoot, proposes Alpenglow, a new proof-of-stake consensus protocol aiming to drastically reduce latency and compete with Web2 infrastructure, though it won’t prevent network outages.

Tether on TRON surpasses $75 billion, tops all stablecoin activities

Tether (USDT) on TRON surpasses $75 billion in circulation, making TRON the top network for USDT transactions, with over 8.3 million daily transactions and 306 million user accounts.

US Senate to vote on GENIUS stablecoin bill despite political divide

The US Senate will vote on the GENIUS stablecoin bill, which aims to create a federal regulatory framework. Political divisions persist, with Democrats opposing loopholes while Republicans support the bill as pro-innovation.

Spain Dives Into AI-Generated Movies While Hollywood Battles Over Its Soul – Decrypt

Spain debuts its first AI-generated film, The Great Reset, at the 2025 Berlin Film Festival, embracing AI in filmmaking while adhering to new EU regulations mandating clear AI content labeling.