Author: James Wilson

A class action lawsuit has accused Believe founder Ben Pasternak of extracting $54 million in fees through token migrations tied to Launchcoin while leaving investors with losses. Summary Plaintiffs allege Ben Pasternak and associated entities generated about $54M in fees across Believe platform tokens, according to the complaint. Court filings state a token migration increased supply by about 33.3% and erased holdings that were not converted within the set deadline. Separate New York court records show Pasternak has pleaded not guilty to assault related charges linked to a March 31 incident and is due back in court on June 11.…

U.S. Senator Cynthia Lummis has said work is underway to strengthen developer safeguards in the CLARITY Act while preserving enforcement against illicit crypto activity. Summary Senator Cynthia Lummis said she is working to keep protections for non money transmitting developers intact while updating the CLARITY Act. Lummis said changes will not limit law enforcement action against bad actors involved in illicit crypto activity. Senator Thom Tillis warned he may oppose the Senate bill unless ethics rules on federal crypto activity are included, according to Politico. According to a post shared by Cynthia Lummis on X, the update focuses on protecting…

The U.S. Commodity Futures Trading Commission has sued Wisconsin, escalating its legal push to block state action against federally regulated prediction market platforms. Summary CFTC has sued Wisconsin, arguing federal law gives it exclusive authority over prediction market contracts. Wisconsin officials have claimed the platforms offer betting products that fall under state gambling laws. CFTC Chair Michael Selig has warned states, including Wisconsin, that federal regulators will take legal action if enforcement continues. According to a statement from the Commodity Futures Trading Commission, the lawsuit responds directly to Wisconsin’s recent complaints against Kalshi, Polymarket, Crypto.com, Robinhood, and Coinbase, all of…

Moscow’s push to bring its cryptocurrency market under control has entered a new phase with the Russian government submitting a legislation to the State Duma that would make operating outside state-sanctioned crypto infrastructure a criminal offense. Under the proposed law, any individual conducting cryptocurrency transactions without going through a licensed intermediary, meaning a state-regulated exchange, broker, or depository, would face up to four years in prison and a fine of approximately $4,000. The threshold rises sharply for those operating as part of an organized group or generating what the law classifies as large-scale income. In those cases, penalties could reach…

In a major development, four Japanese government bodies have jointly flagged crypto assets as a high-risk payment method in real estate transactions, warning the property industry that the technology’s cross-border transfer capabilities make it particularly susceptible to money laundering. The joint request came from Japan’s Ministry of Land, Infrastructure, Transport and Tourism, the Financial Services Agency, the National Police Agency, and the Ministry of Finance. The notice was circulated to industry groups including the Japan Cryptocurrency Business Association and several national real estate federations. As per the official statement, crypto assets, which have the nature of being transferred instantly across…

The Bitcoin 2026 Conference drew more than 40,000 attendees to The Venetian Resort in Las Vegas from April 27 to 29, but the institutional-heavy speaker lineup sparked a sharp backlash from early adopters who accused the event of abandoning its cypherpunk origins for corporate suits and regulators. Summary Speakers included Strategy’s Michael Saylor, BlackRock’s Robert Mitchnick, SEC Chair Paul Atkins, and Senator Cynthia Lummis, a lineup critics said reflects a fundamental shift away from Bitcoin’s decentralized roots. Early Bitcoin investor Simon Dixon publicly called the conference “compromised,” arguing that code is open source and that marketing ETFs and corporate treasury…

President Trump told hundreds of top $TRUMP memecoin holders at a private April 25 event at Mar-a-Lago that the White House will not allow banks to block the CLARITY Act, pledging to sign the bill immediately and framing crypto market structure legislation as a national priority. Summary Trump delivered a direct warning to bankers at a private Mar-a-Lago gala on April 25, telling attendees he would not allow traditional financial institutions to derail the CLARITY Act. The event drew Tether CEO Paolo Ardoino, ARK Invest’s Cathie Wood, Anchorage Digital CEO Nathan McCauley, billionaire Tim Draper, and boxer Mike Tyson, among…

Stablecoin transfer volume fell 19.18% to $831B in 30 days, yet market cap and holders rose as USDT, USDC, and DAI added billions while Ethena’s USDe saw $1.1B outflows. Summary Stablecoin transfer volume dropped 19.18% to 831 billion dollars over the past 30 days, but total market cap rose 2.06% to 305.29 billion and holders increased 2.32% to 246.94 million. USDT, USDC, and DAI posted strong net inflows of 3.6 billion, 2 billion, and 1.2 billion dollars respectively, while Ethena’s USDe suffered 1.1 billion dollars in net outflows amid yield compression and sustainability concerns. The slowdown in transfer volume follows…

Over Foundation has shut down all Over Protocol infrastructure, abandoning OverWallet, nodes and explorers, and leaving block production to any validators stubborn enough to keep running. Summary Over Foundation says “insurmountable financial constraints” forced it to permanently cease operations, killing OverWallet, OverNode, OverFlex, RPC endpoints, block explorers, and public APIs with immediate effect. The Layer 1 was pitched as a way for ordinary users to run validators on personal computers, but with all foundation‑run infra offline, the chain’s survival now depends entirely on whether independent node operators keep producing blocks. The shutdown folds Over Protocol into a growing list of…

Top‑100 crypto traded mixed today as Humanity Protocol jumped 14.5%, MemeCore slid 9.3% on 90% insider‑supply fears, and total market cap dipped 1.39% to $2.65T. Summary The top 100 cryptocurrencies by market cap saw divergent action, with Humanity Protocol (H) leading gainers at 14.53% and MemeCore (M) dropping 9.26% as total crypto market cap slipped 1.39% to about 2.65 trillion dollars. Humanity Protocol, an Ethereum Layer 2 focused on privacy‑first palm‑scan identity and proof‑of‑human consensus, traded near 0.1639 dollars, while Binance Life, Siren, Pi Network and Tezos rounded out the day’s strongest performers. MemeCore declined amid on‑chain reports that over…