Coinbase is backing a constitutional challenge against the IRS’s collection of cryptocurrency user data, arguing it infringes on Fourth Amendment privacy rights. The crypto exchange filed an amicus brief with the Supreme Court, opposing an IRS summons that demands extensive user data disclosure. Coinbase emphasizes the importance of protecting user privacy within the crypto space.
Blockchain investigator ZachXBT uncovered a massive $330 million Bitcoin theft targeting an elderly American citizen. The theft, involving 3,520 BTC, was executed through a social engineering attack, making it one of the largest crypto thefts from an individual. ZachXBT’s investigation traced the stolen funds, highlighting the risks associated with targeted scams in the cryptocurrency space.
FIFA, the global football governing body, is developing its own blockchain network compatible with the Ethereum Virtual Machine (EVM). This move involves migrating its NFT platform, FIFA Collect, from the Algorand network. The shift signifies FIFA’s continued investment in Web3 technologies and blockchain for its digital collectibles.
The TON Foundation, in collaboration with Libre, has launched a $500 million tokenized bond fund linked to Telegram. The Telegram Bond Fund (TBF) offers blockchain-based access to institutional-grade yield opportunities, representing TON’s entry into the real-world assets (RWA) space. The fund aims to provide investors with exposure to traditional financial markets through tokenized bonds.
BlackRock, the world’s largest asset manager, plans to integrate blockchain technology into its operations. It filed with the SEC to introduce “DLT Shares” linked to its $150 billion money market fund. This move signifies the continued convergence of traditional finance and blockchain, potentially offering new efficiencies and access to investors.
Trump Media & Technology Group, the company behind Truth Social, is exploring a deeper integration with the cryptocurrency market. Led by CEO Devin Nunes, the firm is considering launching a utility token, a decentralized finance (DeFi) platform, and a digital wallet to facilitate transactions within its ecosystem. This strategic move indicates a focus on leveraging blockchain technology for its social media platform.
Pundi AI, a data infrastructure platform merging artificial intelligence with blockchain, has been accepted into NVIDIA’s Inception program. This program provides AI startups with access to advanced tools, training, and market support. The partnership aims to accelerate Pundi AI’s development by leveraging NVIDIA’s resources to enhance its AI-driven blockchain solutions.
Nasdaq has filed a form with the SEC to list a 21Shares Spot Dogecoin ETF. This move indicates a growing acceptance of cryptocurrencies within traditional financial markets. The proposed ETF would allow investors to gain exposure to Dogecoin’s price fluctuations passively, without the need for speculative trading methods. This development suggests a potential shift towards wider adoption and integration of digital assets.
Circle, the company behind the USDC stablecoin, has received initial approval from Abu Dhabi’s Financial Services Regulatory Authority (FSRA). This milestone brings Circle closer to obtaining a full Financial Services Permission (FSP) and expanding its operations within the Abu Dhabi Global Market (ADGM). This move signifies growing adoption and regulatory acceptance of stablecoins in the region.
BlackRock’s iShares Bitcoin Trust (IBIT) experienced a substantial $970 million inflow on April 28th, its second-largest single-day intake since its January 2024 launch. This surge brought IBIT’s assets under management to over $56 billion, giving it control of more than 3% of the total Bitcoin supply. The article highlights the significant growth and market impact of this Bitcoin ETF.