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Trump’s Meme Coin Dinner Draws Billionaires, Basketball Stars, and Fierce Criticism

A high-dollar gathering at President Donald Trump’s Virginia golf club has ignited a storm of ethical debates, blending crypto spectacle with accusations of constitutional overreach. The Thursday dinner, reserved for the top 220 holders of the head of state’s TRUMP meme coin, attracted billionaires, celebrities, and a cascade of legal threats, with critics calling it […]

Democrats Push to Amend GENIUS Act Due to Trump’s Crypto Ties

The United States government is close to enacting its first crypto legislation, the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act. However, Democratic lawmakers are pushing to include protections against corruption from public officials, especially the family of President Donald Trump. According to a report from Axios, a group of senators insists the […]

Coinbase Faces Lawsuit Over Unauthorized Biometric Data Collection

Coinbase is facing a class-action lawsuit filed by a group of Illinois residents who allege the crypto exchange illegally collected and shared their biometric data as part of its identity verification process. The suit, brought to federal court on May 13, claims the company violated Illinois’ Biometric Information Privacy Act (BIPA) by capturing users’ facial […]

American Bitcoin to Go Public Through Merger with Gryphon Digital

Trump-affiliated Bitcoin mining company, American Bitcoin, plans to go public through a merger with Gryphon Digital Mining, Inc. The deal, structured as a stock-for-stock transaction, will see Gryphon acquire the company and operate under the American Bitcoin brand once closed. Merger Details According to a May 12 press release, the newly combined entity will be […]

New US-China Trade Agreement: Implications for Crypto Investors (Details)

Following a week of anticipation and building hype, the US and China delegates finally met in Geneva, Switzerland, to discuss a potential trade deal. Although the initial statements from both countries are positive in terms of reaching a mutual understanding, the crypto market has reacted with a minor retracement, while Santiment warned investors to exercise […]

Crypto.com Expands US Presence with New Washington, DC Office

Crypto.com is growing its U.S. presence with a new regional office in Washington, D.C. This development comes as 21Shares has introduced a new Exchange-Traded Product (ETP) that gives investors regulated access to Crypto.com-supported blockchain Cronos. Return to the American Market According to a May 7 press release shared with CryptoPotato, the new office will be […]

GENIUS Act Gains Support from a16z’s Chris Dixon and Coinbase’s Brian Armstrong

Major industry figures, such as Chris Dixon and Brian Armstrong, have publicly backed the bipartisan Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act. This endorsement comes ahead of a key Senate vote scheduled for this Thursday. Industry Support Introduced in February 2025 by Senator Bill Hagerty, the GENIUS Act is co-sponsored by Senate […]

Bitcoin Tapped $97K as US and China Plan High-level Trade Talks

Bitcoin prices reached an intraday and five-day high of $97,650 during early trading in Asia on Wednesday, May 7. The move has returned the asset to the same level it reached on May 2, where it hit resistance and retreated back below $94,000. Today’s jump added almost $4,000 to BTC prices in around 12 hours, but […]

Trump Champions Crypto: Calls It ‘Very Hot’ Amid Market Crash Resilience

Although BTC failed at $100,000 and the broader market faced a minor 2.1% pullback, U.S. President Donald Trump has doubled down on his pro-crypto stance, calling the asset class “very popular,” “very hot,” and even “much stronger” than the stock market. The comments were made in a May 4 sit down with Meet the Press […]