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These Three Altcoins Just Got Leveraged Crypto ETFs
In brief
Volatility Shares debuted leveraged ETFs for Cardano, Stellar, and Chainlink.
The offerings dovetail with others offered by the firm that established the first leveraged crypto ETF in the U.S. in 2023.
Volatility Shares filed for 3x and 5x leveraged ETFs last year, which
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Solana DeFi Exchange Drift Protocol Exploited, Upwards of $285 Million Stolen
In brief
Solana perp DEX Drift Protocol has suffered an exploit that impacted more than $200 million in funds, with some estimates suggesting $285 million has been stolen.
While the investigation is still ongoing, the attack is suspected to be the result of a leaked private key.
Drift h
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Elon Musk’s SpaceX Files Confidentially for Record-Breaking $1.75 Trillion IPO
SpaceX has confidentially filed for an IPO, aiming for a valuation exceeding $1.75 trillion after merging with xAI. The IPO, potentially raising $75 billion, is set for June to fund ambitious projects like Starship and space-based AI data centers.
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Google's Veo 3.1 Lite Cuts API Costs in Half as OpenAI's Sora Exits the Market
In brief
Google just released Veo 3.1 Lite.
The new model generates videos at faster speeds and much cheaper prices than otheer models from Google.
The release comse days after OpenAI shut down its generative video project, Sora.
Google has a new AI video model for developers, and it's c
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Fed's Barr Says Stablecoins Need Tighter Controls to Fight Money Laundering
In brief
Fed Governor Michael Barr called on regulators to implement anti-money-laundering controls for stablecoins following last year’s passage of the GENIUS Act.
He identified stablecoins’ accessibility on “secondary markets” as a key area of concern, while global watchdogs have
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Bitcoin Gets Its First Bond Rating as Moody's Grades New Hampshire Deal
In brief
Moody's assigned a provisional Ba2 rating to up to $100 million in Bitcoin-backed revenue bonds issued through New Hampshire's Business Finance Authority.
The bonds are backed solely by Bitcoin held in custody at BitGo, with no New Hampshire public funds at risk.
The rating
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Cambodia Extradites Alleged Huione Crypto Scam Kingpin to China: Report
In brief
Chinese authorities took Huione Group’s former chairman Li Xiong into custody after Cambodia deported him to China.
U.S. regulators previously accused Huione of processing at least $4 billion in illicit funds tied to scams and cybercrime.
Investigators say the firm’s crypto and p
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Agencies Must Create Clear Prediction Market Rules to Avoid FTX-Style ‘Implosions’: CFTC Chair
In brief
CFTC Chairman Michael Selig is concerned that driving prediction markets offshore into unregulated space could cause FTX-style “implosions.”
Prediction markets are facing scrutiny over insider trading on their platforms.
Selig warned against states “regulating by litigation and e
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Franklin Templeton to Buy CoinFund Spinoff, Build Out Crypto Investment Offering
Franklin Templeton is acquiring 250 Digital, enhancing its crypto division, Franklin Crypto. The deal includes integrating 250 Digital's strategies and team, with BENJI tokens used as payment, marking a significant step in on-chain M&A transactions.
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Ripple Launches Treasury Management System with Native Digital Asset Capabilities
In brief
Ripple has launched Digital Asset Accounts and Unified Treasury within Ripple Treasury.
The firm claims the platform is the first enterprise treasury management system with native digital asset capabilities.
The TMS enables CFOs to view, hold, and manage both fiat and digital
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Algorand, Stable Lead Double-Digit Altcoin Surge as Bitcoin Tops $69K
In brief
Algorand, Provenance Blockchain and Stable jumped by double digits as Bitcoin rallied to an intraday high of $69,135, liquidating over $326M in positions.
The rally is driven by a "positioning reset" after weeks of cautious sentiment, Decrypt was told.
Myriad users assign just a
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Crypto Fund Manager CoinShares Begins Trading on Nasdaq via SPAC Deal
In brief
CoinShares began trading on Nasdaq under ticker CSHR following an SPAC merger valued at $1.2 billion.
Company ranks among the four largest global crypto asset managers with over $6 billion AUM
The firm plans to specialize in "exotic" ETF products beyond traditional Bitcoin and
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DOJ Charges 10 Foreign Nationals Over Crypto ‘Wash Trading’ Scheme
The DOJ charged 10 individuals from firms Gotbit, Vortex, Antier, and Contrarian for cryptocurrency market manipulation via "pump-and-dump" schemes, following an FBI sting that created tokens to reveal their actions. Three were extradited from Singapore, with two already pleading guilty.
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Watch Out Bitcoin: Cryptography-Breaking Quantum Computers May Be Closer Than Expected, Says Caltech
In brief
Caltech researchers say quantum computers may require just 10,000–20,000 qubits to crack modern cryptography.
The work outlines a new error-correction approach for neutral-atom quantum computers.
The advance could accelerate timelines for machines capable of running Shor’s
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If You Hold Solana on Magic Eden's Wallet, It's Time to Move It or Lose It
In brief
Magic Eden's multi-chain crypto wallet is leaving app stores tomorrow, meaning those without their private keys risk losing access to funds.
The wallet will remain in export only mode until May 1, at which time functionality may end entirely.
The NFT marketplace has shifted
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Crypto Startup Uses Polymarket to Bet on Its Own Fundraise, Blindsiding Backers
In brief
Stablecoin startup P2P.me went viral on X after apologizing for placing Polymarket wagers on its own fundraising efforts.
P2P.me's biggest backers were unaware of the company's recent wagers, two people familiar with the matter told _Decrypt_.
The wagers were placed around the
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Zcash Vulnerability That Put Millions of Dollars of ZEC at Risk Has Been Fixed
In brief
A security researcher discovered a critical vulnerability in Zcash nodes that bypassed proof verification for the deprecated Sprout shielded pool.
Major mining pools deployed the patch within three days, with Zcash developers releasing v6.12.0 on Tuesday.
Zcash's "turnstile"
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Latin America’s Mercado Libre Pulls the Plug on Its Crypto Coin
In brief
Mercado Libre killed Mercado Coin after a failed four-year experiment.
The company's stablecoin is replacing the Mercado Coin loyalty token.
Nubank’s Nucoin collapse shows industry-wide failure of reward tokens.
Latin America's e-commerce giant quietly killed its ERC-20 loyalty
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California Tightens AI Contract Rules as Fight With Trump Admin Grows
In brief
California orders stronger safeguards for AI companies seeking state contracts.
The move comes as the Trump administration pushes national AI standards.
State officials will develop procurement rules addressing issues including bias, misuse, and civil rights risks.
The
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