The SEC has launched "Project Crypto" to modernize digital asset regulations, introducing clear rules for crypto asset distribution, custody, and trading, promoting the development of super-apps, and allowing tokenized securities and non-security crypto assets to trade together on regulated platforms.

Polygon experienced a one-hour outage of its Heimdall V2 consensus layer due to an unexpected validator exit, affecting some users' access but not halting overall transaction processing. The transaction layer remained operational, and RPC providers gradually restored service.

Bitcoin holders have accumulated a record $1.4 trillion in unrealized profits, prompting potential future market pressure. Despite significant sell-offs, the market remains stable, with investors largely holding their assets.

Senator Cynthia Lummis introduced the 21st Century Mortgage Act to modernize home loan eligibility by including stable crypto assets in assessments, aiming to help young borrowers amid a homeownership crisis.

PayPal is launching "Pay with Crypto," enabling U.S. merchants to accept over 100 cryptocurrencies at checkout, converting them to U.S. dollars. This service aims to lower transaction costs for cross-border payments by up to 90%.

Federal prosecutors are contemplating charges against Dragonfly executives for their investment in Tornado Cash. This came to light during the trial of Tornado Cash cofounder Roman Storm, highlighting internal communications and the firm's cooperation with the investigation.

Former BlackRock crypto chief Joseph Chalom has joined SharpLink Gaming as co-CEO, believing in Ethereum's potential as a global finance foundation, and the firm has acquired 438,017 ETH valued at approximately $1.6 billion.

Spot ether ETFs have seen a remarkable inflow streak, reaching $453 million in a single day and totaling $1.85 billion last week. BlackRock's iShares Ethereum Trust led the surge, highlighting a growing demand for ether despite its current price being below its all-time high.

GameSquare has acquired the rare CryptoPunk NFT Cowboy Ape #5577 from Robert Leshner for $5.15 million in preferred stock, marking its first investment in NFTs. The company also increased its Ethereum treasury to over $52 million amid a declining NFT market.

LetsBONK, a Solana-based memecoin launchpad, plans to allocate 1% of its revenue for weekly buybacks of top ecosystem tokens, aiming to strengthen their market presence. Popular tokens include Useless Coin and ANI.

Goldman Sachs and BNY Mellon have launched tokenized money market funds for institutional investors, enabling 24/7 trading through BNY Mellon's LiquidityDirect and Goldman Sachs’ blockchain. Major asset managers are already participating in this rapidly growing market.

Tether is set to launch a new U.S.-based stablecoin by late 2025 or early 2026, targeting domestic institutional payments, in compliance with the GENIUS Act. This will be distinct from its existing USDT, which continues to serve international markets.

Around 548,132 ETH, valued at over $2.02 billion, is currently queued to exit the Ethereum network, marking the largest validator exit queue since January 2024
The surge in validator exits has also extended withdrawal delays to over nine days, the longest wait time in more than a year

Trump Media and Technology Group, parent of Truth Social, has acquired approximately $2 billion in bitcoin and related securities, representing two-thirds of its liquid assets. This follows recent pro-crypto legislation signed by Trump and signals ongoing investment in cryptocurrency.

Jito has launched BAM, a significant upgrade for Solana that enhances transaction processing by routing them through multiple nodes, improving efficiency and reducing toxic MEV risks. This change marks a pivotal moment in Solana's transaction architecture.

CoinDCX was hacked, losing $44 million from an internal account due to a sophisticated server breach. The exchange's leadership affirmed that customer funds are safe and recovery efforts are underway.

Bullish, a crypto exchange backed by Peter Thiel, has filed for an IPO to raise up to $100 million, listing on the NYSE as "BLSH." Despite a substantial Q1 2025 loss of $348.6 million, investor interest in crypto remains strong.

The UK government is preparing to sell up to $7 billion worth of seized bitcoin, primarily to help address a significant budget deficit, according to a Saturday report from The Telegraph
This stash is largely composed of 61,000 BTC confiscated in a 2018 raid linked to a Chinese Ponzi scheme.