Day

May 21, 2025

South Korea tightens crypto rules ahead of institutional market entry

May 21, 20250
South Korea is tightening rules around digital asset transactions as it prepares to allow institutional players into its crypto market, introducing new guidelines for nonprofit crypto sales and stricter listing standards for exchanges.On May 20, the Financial Services Commission (FSC) of South Korea said during its fourth Virtual Asset Committee meeting that it had finalized...

SEC’s Peirce says NFT royalties do not make tokens securities

May 21, 20250
United States Securities and Exchange Commission (SEC) Commissioner Hester Peirce said many nonfungible tokens (NFTs), including those with mechanisms to pay creator royalties, likely fall outside the purview of federal securities laws.In a recent speech, Peirce said that NFTs that allow artists to earn resale revenues do not automatically qualify as securities. Unlike stocks, NFTs...

Theta Capital raises $175M to back early-stage blockchain startups

May 21, 20250
Amsterdam-based Theta Capital Management raised over $175 million for its latest fund-of-funds, aimed at supporting early-stage blockchain startups through specialized venture capital (VC) firms.The new vehicle, Theta Blockchain Ventures IV, will channel capital into crypto-native VC firms with a track record of backing blockchain innovation, Theta’s managing partner and chief investment officer Ruud Smets told...

Why crypto transfers can fail and what you must check before sending

May 21, 20250
Why crypto transfers can fail and what you must check before sending Crypto transfers fail more often than most people realize, but user attentiveness can stop most losses.What’s often marketed as a seamless, borderless system can become frustrating when transfers fail, with no customer service hotline to call and no easy recourse to reverse mistakes....

KindlyMD shareholders OK merger with Trump-linked Bitcoin firm

May 21, 20250
Shareholders of the healthcare services provider KindlyMD, Inc have approved a proposed merger with Bitcoin holding company Nakamoto Holdings, founded by US President Donald Trump’s crypto adviser, David Bailey.KindlyMD and Nakamoto Holdings, a newly formed company that focuses on creating a network of Bitcoin-related entities, will both file information statements with the Securities and Exchange...

SEC delays decision on Ether staking and XRP ETFs, as analysts expected

May 21, 20250
The US Securities and Exchange Commission has delayed its decision on Bitwise’s application to add staking to its Ether exchange-traded fund and on Grayscale’s XRP ETF bid, which analysts had expected.The SEC said on May 20 that it needed to extend its decision on Bitwise’s application by 45 days to “consider the proposed rule change...

Blackstone buys $1M worth of Bitcoin ETF in first crypto bet

May 21, 20250
Blackstone, which bills itself as the “the world’s largest alternative asset manager,” disclosed its first-ever crypto-related purchase, buying shares in BlackRock’s spot Bitcoin exchange-traded fund.However, Blackstone’s investment, reported in a May 20 filing with the US Securities and Exchange Commission, only totaled around $1.08 million — a fraction of the asset manager’s $1.2 trillion portfolio.Blackstone...

‘Hawk tuah girl’ Haliey Welch says FBI probed her ‘memecoin disaster’

May 21, 20250
Haliey Welch, better known as the “Hawk tuah girl,” says the Federal Bureau of Investigation briefly probed her after her “memecoin disaster” — the failed launch of a token in her image that she promoted. Welch said in a May 21 episode of her “Talk Tuah” podcast that the FBI showed up at her grandmother’s house...

Strive targets 75,000 Bitcoin from Mt. Gox claims to build Bitcoin treasury

May 21, 20250
Vivek Ramaswamy’s Strive is looking to build its Bitcoin holdings by purchasing distressed Bitcoin claims at a discount, starting with claims tied to 75,000 Bitcoin at the bankrupt crypto exchange Mt. Gox.Strive said in a May 20 regulatory filing that it partnered with 117 Castell Advisory Group LLC to target claims to Bitcoin (BTC) that...

SEC charges Unicoin and executives for alleged $100 million fraud

May 21, 20250
The US Securities and Exchange Commission has charged crypto platform Unicoin and three of its executives, alleging they made false and misleading statements about its crypto assets that raised $100 million from investors.The SEC said on May 20 that it charged Unicoin CEO Alex Konanykhin, board member Silvina Moschini, and former investment chief Alex Dominguez...
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