Crypto
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Bitcoin breaks $80k as long-awaited CLARITY Act approaches finish line
Bitcoin crossed $80,000 on Monday morning. The cryptocurrency has now surged 19% over the past month, outperforming the S&P 500’s roughly 10% return over the same time frame. The bullish sentiment appears tied to promising developments on the CLARITY Act, a bill that would create a regulatory framework for crypto. The legislation passed the House…
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Exclusive: Stablecoin startup Rain is worth $1.95 billion and plans to issue cards with Mastercard in a push to woo institutional customers
The buzzy stablecoin startup Rain is now working with the two largest card networks. The company announced on Monday that it was offering credit and prepaid cards with Mastercard. Rain previously only worked with Visa to issue cards. Rain also said it was working with Mastercard to explore how to settle payments with the public…
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Trump’s World Liberty Financial countersues crypto billionaire Justin Sun for defamation in response to allegations of fraud
One of the Trump family’s biggest early crypto backers is now a foe. In response to claims of fraud by billionaire Justin Sun, the Trump-backed crypto firm World Liberty Financial filed a countersuit for defamation on Monday in Florida State court, claiming its former ally engaged in “a scorched-earth pressure campaign” against the crypto project…
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Exclusive: Startup Fun raises $72 million for the serious business of converting crypto and cash
The finer details of back-end payment systems are enough to make most people’s eyes glaze over, even those in crypto. But Alex Fine, the founder and CEO of the startup Fun, finds in-the-weeds payment tasks to be just that, and his enthusiasm has paid off. On Friday, Fun announced that it has raised $72 million…
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Elon Musk likes Bitcoin—but he just told a jury most crypto coins are scams
Elon Musk’s relationship with Sam Altman and OpenAI has famously soured. In testimony during his lawsuit against the artificial intelligence giant, it became apparent that Musk’s relationship with cryptocurrency has soured, too. When asked to explain crypto inside an Oakland courthouse on Wednesday, Musk said, “Some of them have merit, but most of them are…
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Trump-tied public crypto company buys startup from one-time ‘cannabis king’ who serves as current advisor in deal worth up to $43 million
AI Financial, a publicly traded crypto firm tied to President Donald Trump’s family, has purchased a startup owned by one of the company’s own advisors. According to filings with the Securities and Exchange Commission, the Las Vegas-based company struck a deal last Monday worth up to $43 million to buy the crypto infrastructure business Block…
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Meta quietly rolls out stablecoin payments four years after demise of controversial Libra project
Meta has reentered the stablecoin market. Four years after pulling the plug on an earlier attempt, the tech giant has quietly rolled out the digital currency payouts for select creators in Colombia and the Philippines, according to an update to the tech giant’s website. The payouts are available on the Solana and Polygon blockchain networks…
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Robinhood CEO says a ‘tokenization supercycle’ is underway
Crypto prices remain mired in a prolonged slump, but Robinhood CEO Vlad Tenev says the company remains bullish on the broader sector. During a first quarter earnings call on Tuesday, Tenev said he wants to get away from a strategy based around the price of Bitcoin, and focus instead on the finance industry’s rapid adoption…
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Ten years after Ethereum’s DAO disaster, it’s time to try again
It’s been a decade since I frantically pounded out a warning letter known as The DAO Moratorium. So urgent was the missive that we pushed the document live before it was complete, allowing anyone who was interested to read along in real time. Even as I and two colleagues typed out the finishing touches, hundreds…
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Exchange startup Liquid raises $18 million Series A for leveraged trading on stocks, crypto, commodities, prediction markets, and private secondaries
Some of crypto’s most lucrative businesses have always been its exchanges, but crypto-based exchanges are coming to be less reliant on crypto trading. Liquid, which launched as a hub for crypto-based derivatives in 2025, closed an $18 million Series A round on the premise of being a 24/7 leveraged trading hub for retail traders of…