The Federal Reserve held interest rates steady on Wednesday as U.S. President Donald Trump’s tariffs continued to cloud the central bank’s economic outlook. At a target range of 4.25% to 4.5%, the Fed was reluctant to change its benchmark borrowing rate for a fourth straight time. The decision was widely expected, despite weeks of pressure from Trump on Federal Reserve Chair Jerome Powell to start slashing borrowing costs. In a statement, the Federal Reserve flagged heightened levels of economic...

Democratic senator Richard Blumenthal is investigating how President Donald Trump's crypto business ventures are potentially violating federal laws.  U.S. Senator Richard Blumenthal said Tuesday that President Trump's meme coin launch and other crypto industry ventures represent "an unprecedented, pay-to-play scheme to provide access to the Presidency to the highest bidder." Blumenthal announced that the Senate Permanent Subcommittee on Investigations would be opening a preliminary inquiry into...

Billionaire investor Tim Draper argued that businesses who have yet to purchase Bitcoin for their corporate treasuries are “being irresponsible.” Speaking at the Financial Times Digital Assets Summit, the prominent Bitcoin bull argued that “everybody ought to have some Bitcoin,” noting that “governments are recognizing that Bitcoin should be in their treasury.” Draper, who remains “optimistic” that Bitcoin will hit $250,000 by the end of 2025, added that he hopes to have a fund “in the next five...

Despite real world utility lauded by institutions and enthusiasts alike, XRP is on a tightrope.

Layer-1 blockchain Aptos saw an increase in new developer interest following the viral social media campaign from user BuzzlamicJihad. So much so that Ash Pampati, head of ecosystem at Aptos, told Decrypt that the Aptos Foundation would be “super open” to bringing the user onto its team. Aptos surged 17% in a single day in February, as BuzzlamicJihad’s unofficial “community takeover” of the network went viral on social media. Following Aptos Labs founder and CEO Mo Shaikh stepping down in Decemb...

U.S. stocks closed higher Wednesday after the Federal Reserve kept interest rates unchanged and Chair Jerome Powell acknowledged growing uncertainty surrounding the economic outlook

Adidas and the makers of Sui-based game Xociety announced a collaboration this week to release limited edition NFT mystery boxes containing in-game character skins, marking the athletic apparel brand's latest move in the blockchain world. The collection, launching May 16, will offer 2,600 mystery boxes priced at $129 each, each containing Adidas-themed virtual clothing and accessories for player avatars in Xociety—a "pop shooter" game built on the Sui blockchain. Each mystery box contains Adidas...

ADA is showing signs of recovery as its whales step up.

Robinhood Markets Inc. is building a blockchain-based platform to allow European investors to trade tokenized U.S. securities, according to Bloomberg

Ethereum's Pectra upgrade went live without a hitch—but it didn't serve as rocket fuel for ETH's price. The world's second-largest cryptocurrency was trading sideways after the long-awaited code changes were finalized on Wednesday. ETH is currently hovering at about $1,830, meaning it's continuing to trade 40% lower than it was this time last year. It was a similar story after Ethereum completed "The Merge," and made the ambitious switch from proof of work to proof of stake consensus. Back in S...

MoonPay is starting a partnership with TRON, starting with enabling TRX purchases for U.S. users.

The Himalayan country of Bhutan has partnered with Binance Pay to enable crypto payments throughout its tourism ecosystem. The integration, powered in conjunction with Bhutan’s local DK Bank, will reportedly allow tourists visiting the country to pay for things such as airline tickets, visa fees, hotel stays, monument entry, tour guides, and street food from roadside stalls with cryptocurrencies. Experience #Bhutan with the world’s first national crypto tourism payment system! Powered by Binan...

Ethereum shows bearish divergence and weakening demand despite a brief uptick to $1,832.

The Federal Reserve kept its benchmark interest rate unchanged at 4.25% to 4.50%, citing continued economic expansion, low unemployment, and persistent inflation

Ritchie Torres is preparing to introduce new legislation that would prohibit the creation and sale of meme coins and stablecoins that exploit the likenesses of U.S. political figures

Ethereum has successfully activated the first phase of Pectra, its latest major upgrade since Dencun in March last year, going live at 6:05am ET in New York on Wednesday. Following the hard fork itself, developers faced a nail-biting wait to see if the network had achieved finality, which took place at 6:18am ET. The Pectra hardfork has finalized on #Ethereum! Congratz everyone 🥳🥳 pic.twitter.com/sOwPVN1UOO — beaconchain.eth 📡 (@beaconcha_in) May 7, 2025 Pectra introduces sweeping changes t...

VIRTUAL risks falling lower before it establishes any tangible gains.

Nasdaq saw a noticeable correction as Google stock dropped 8%. Trade talks boost the rest of the markets.

Swiss RWA tokenization firm Colb Asset SA has raised CHF 6 million in an oversubscribed seed extension round, helping scale its tokenization and fintech initiatives.

Newly released documents show the New York Attorney General urged the SEC to classify Ethereum as a security