Day: May 21, 2025

Trump’s Memecoin Dinner Draws Crowded Cast of Democratic Protesters from Congress

As President Donald Trump’s biggest memcoin buyers such as Tron founder Justin Sun bask in his attention over dinner on Thursday, Democratic lawmakers and advocacy groups have arrayed a series of protests and complaint sessions to decry the president’s crypto event as fundamentally corrupt. Trump will host his dinner for more than 200 of his leading memecoin investors, whose money will fill the coffers of the president’s own business entities. They’ve reportedly been invited to his capital-area golf course, the Trump National Golf Club Washington, D.C., outside of which the…

VanEck to launch Avalanche ecosystem fund

VanEck plans to launch a private digital assets fund in June targeting tokenized Web3 projects built on the Avalanche blockchain network, the asset manager said in a statement shared with Cointelegraph. The VanEck PurposeBuilt Fund, available only to accredited investors, aims to invest in liquid tokens and venture-backed projects across Web3 sectors, including gaming, financial services, payments, and artificial intelligence.  Idle capital will be deployed into Avalanche (AVAX) real-world asset (RWA) products, including tokenized money market funds, VanEck said. The fund will be managed by the team behind VanEck’s Digital…

Behind-the-Meter Bitcoin Mining: Sangha Renewables Breaks Ground on 20 MW Texas Site

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Sangha Renewables is turning West Texas sunshine into bitcoin, breaking ground on a 20 MW mining facility powered by solar energy—and nearly hitting its $17 million equity target with $14 million already secured. Texas Solar Farm to Generate Bitcoin via Sangha’s 20 MW Mining Operation Sangha Renewables began construction on a 19.9-megawatt bitcoin (BTC) mining […] Original

US lawmaker reintroduces bill amid pushback on Trump’s crypto ties

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A Democratic representative in the US Congress will support a blockchain bill at a time when many left-leaning lawmakers are blocking crypto-related pieces of legislation due to concerns with President Donald Trump’s potential conflicts of interest. In a May 21 notice, Minnesota Representative Tom Emmer said he had reintroduced the Blockchain Regulatory Certainty Act, a bill that “solidifies that digital asset developers and service providers that do not custody consumer funds are not money transmitters.”Emmer, a Republican, said Democratic Representative Ritchie Torres would co-lead the bill, making it a bipartisan…

‘UP, UP AND AWAY’: Crypto soars after Trump’s UK trade deal

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io ‘The Big Money Show’ panel discusses the impact of President Donald Trump’s U.K. trade deal on cryptocurrency. #foxbusiness #bigmoneyshow Subscribe to Fox Business: Watch more Fox Business Video: Watch Fox Business Network Live: FOX Business Network (FBN) is a financial news channel delivering real-time information across all platforms that impact both Main Street and Wall Street. Headquartered in New York — the business capital of the world — FBN launched in October 2007 and is one of the leading business networks on…

The XRP Rebound Blueprint: Double Bottom Could Fuel A Run To $2.80 Resistance

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In a recent update on X, market analyst CRYPTOWZRD highlighted a developing double bottom formation on the XRPBTC chart, suggesting a possible bullish reversal may be underway. Although XRP ended the previous session with indecisive movements, this emerging pattern could drive its price action higher. Should the reversal confirm, XRP is likely to push toward the $2.80 resistance zone.  Bitcoin Dominance Pressures Altcoins, XRP Included Expanding on his initial analysis, the analyst noted that XRP and XRPBTC closed their daily candles indecisively, reflecting ongoing market uncertainty and a lack of…

Sui Blockchain Enhances Real-World Asset Integration with OMG Partnership

Zach Anderson May 21, 2025 21:47 Sui blockchain partners with Open Market Group to offer secure access to real-world asset investments, enhancing DeFi opportunities through Soulbound Tokens. The Sui blockchain has announced a significant partnership with Open Market Group (OMG) to enhance its real-world asset (RWA) offerings. This collaboration marks a pivotal step for Sui, a leading Layer 1 blockchain, as it continues to expand its presence in one of the most dynamic sectors within the cryptocurrency landscape, according to the Sui…

Fourth commissioner to depart ‘later this year’

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Kristin Johnson of the US Commodity Futures Trading Commission (CFTC) has announced that she plans to depart the agency before 2026. In a May 21 notice, Johnson said she planned to step down from the CFTC “later this year,” having completed her term, which ended in April. The commissioner filling a Democratic seat at the financial regulator had served since March 2022 after being nominated by former President Joe Biden. In her farewell message, Johnson cited her work as a sponsor of the Market Risk Advisory Committee, which dealt with…

Solana Mobile reveals trustless architecture, token for Seeker device

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Solana Mobile, a subsidiary of blockchain technology company Solana Labs, has revealed the next steps for its soon-to-be-shipped Seeker device and the overall ecosystem. The steps include a new, trustless architecture, a native token, and the Seeker ship date. According to the announcement, Solana Mobile will ship the device starting Aug. 4. Seeker is the company’s second-generation device, after the Saga Web3 phone that launched in April 2023. The company unveiled the Seeker phone in September 2024, saying it wouldn’t just be a “memecoin phone.” So far, it has pre-sold…

Sam Altman’s World raises $135M from Andreessen, Bain, to expand network

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World, OpenAI CEO Sam Altman’s digital identification project, raised $135 million from venture capital firms Andreessen Horowitz and Bain Capital Crypto, the company said in an announcement. The capital will be used to expand World’s network of iris-scanning orbs and infrastructure in the United States, where the company said in April it would operate in six cities, and increase coverage around the globe, according to the announcement. More than 12.5 million individuals in over 160 jurisdictions have been issued a World ID, the company said. The project, which collects biometric…