The Senate's vote on the GENIUS Act could initiate comprehensive crypto regulation, enhancing market stability and US dollar dominance. The post Senate to vote on GENIUS stablecoin bill before Memorial Day, Senate Majority Leader informs appeared first on Crypto Briefing .
The world of technology is rapidly evolving, and at its forefront is the undeniable rise of AI . For anyone invested in the future of innovation, understanding and engaging with this transformation is crucial. This is especially true within communities like the one surrounding Bitcoin World, where groundbreaking technology is a core focus. The opportunity to deep dive into the intersection of AI and future tech is here, but time is running out to secure your spot at the best possible rate. Dive Deep into the AI Ecosystem The AI revolution is not a distant concept; it is actively reshaping industries and creating new opportunities. Bitcoin World Sessions: AI is designed as your direct access point to this dynamic landscape. Taking place on June 5 at UC Berkeley’s Zellerbach Hall, this one-day gathering brings together the brightest minds who are actively building and influencing the future of artificial intelligence. If you are involved in technology, finance, or any field impacted by AI, this event is tailored for you. Secure Your Spot with Early Bird Savings This is your final chance to lock in the lowest price for Bitcoin World Sessions: AI. The exclusive Early Bird pricing period is closing in just 6 days, ending specifically on May 4 at 11:59 p.m. PT. By securing your ticket now, you can save significantly on the standard pass price. But the savings don’t stop there. Recognizing the value of collaboration and shared learning, the organizers are offering an incredible deal: get 50% off a second ticket when you purchase your Early Bird pass. This is the perfect opportunity to bring a co-founder, colleague, or friend passionate about AI to experience the conference alongside you. What to Expect at this Premier Conference Bitcoin World Sessions: AI is packed with content designed to provide actionable insights and unparalleled networking opportunities. Here’s a glimpse of what awaits attendees: Hear from Industry Leaders: Gain direct insights from pioneers shaping the AI frontier. Speakers include experts like Jared Kaplan from Anthropic, among many others featured in the full speaker lineup and agenda. Understand Investor Perspectives: Learn what top venture capitalists are truly seeking in AI startups today, moving beyond the general hype. Sessions will cover key investment trends and criteria. Explore AI Safety and Policy: Engage in critical discussions around the challenges of AI safety, different deployment models, and the global policy shifts impacting the industry’s direction. Participate in Breakout Sessions: Bring your specific questions to interactive sessions featuring experts from leading AI companies like OpenAI and Cohere. Build Your Network: Utilize dedicated time and tools to set up impactful 1:1 and small-group meetings with founders, investors, researchers, and fellow enthusiasts. Discover New Solutions: Explore cutting-edge tools, products, and startups showcasing their innovations in the dedicated Expo Hall. This event is designed to be more than just presentations; it’s an immersive experience focused on practical knowledge and connection. Why This Event is Crucial for Innovators If your goal is to actively participate in building, funding, or influencing the next wave of AI innovation, being present at Bitcoin World Sessions: AI is essential. This conference brings together the key players in one focused environment, making it the ideal place to gain insights, forge partnerships, and stay ahead of the curve. The concentration of talent and expertise ensures that every conversation and session holds significant value. Exhibit Your Brand at Bitcoin World Sessions For companies looking to make a significant impact within the AI ecosystem, securing an exhibit booth is a prime opportunity. Time is also running out for exhibitors, with the deadline to reserve your spot set for May 9. Showcasing your brand at this event puts you directly in front of AI leaders, active VCs, innovators, and visionaries. It’s a strategic move to highlight your technology and connect with the people who are shaping the future of AI. Don’t miss this chance to be part of a pivotal moment in the AI journey. Secure your ticket before the Early Bird deadline on May 4 to take advantage of the significant savings and the 50% discount on a second pass. Whether you’re attending or exhibiting, Bitcoin World Sessions: AI is the place to be for anyone serious about the future of AI. To learn more about the latest AI market trends, explore our article on key developments shaping AI features.
BONK traders are betting more on shorts, but that's not the entire story.
Ethereum is currently trading above the $1,800 mark, holding strong after weeks of volatility but struggling to reclaim the critical $2,000 resistance level. Bulls have managed to push prices higher, yet momentum must continue building for a full breakout. Analysts are closely watching Ethereum’s movements, noting that the market is preparing for a decisive move that could shape the coming weeks. Global macroeconomic tensions remain a challenge, but optimism is growing across crypto markets. Related Reading: Ethereum Shows 4H Bearish Divergence – Can Bulls Hold $1,750? Top analyst Daan shared insights revealing that ETH is still consolidating within its current range against Bitcoin (BTC). According to his analysis, he’s watching the local range high around the 0.02 BTC level closely. A successful break above this key range could signal a major shift in market dynamics, potentially sparking a multi-week decline in Bitcoin dominance led by Ethereum. This would likely trigger an increased risk appetite toward altcoins, as investors rotate capital away from Bitcoin and into higher-risk assets. For now, Ethereum continues to move within its range, and bulls must act fast to reclaim momentum. If ETH can push through these resistance levels, the stage would be set for a major rally across the altcoin sector, with Ethereum leading the charge. Ethereum Battles Resistance As Bulls Aim For Breakout Against BTC Ethereum is trading at a critical level, and all eyes are on whether bulls can reclaim higher supply zones to confirm a bullish reversal. After recovering strongly from local lows, ETH has begun forming a bullish structure in low time frames. However, persistent selling pressure still threatens to invalidate this structure unless buyers step in with strength. Momentum has shifted, and many analysts expect a decisive move soon—but there’s also caution, with some warning that a failed breakout could drag Ethereum back to the $1,500–$1,600 demand zone. Daan shared a key perspective on Ethereum’s performance relative to Bitcoin. He noted that ETH/BTC is still consolidating within a defined range, with the local range high near 0.02 BTC acting as the most important resistance. A successful breakout above this level would likely trigger renewed interest in altcoins and could mark the start of a Bitcoin dominance downtrend led by ETH. According to Daan, such a move would increase risk appetite across the board. However, he also warns that if ETH loses the 0.0185 BTC level, it could confirm a continuation of the current downtrend. For now, Daan is closely watching how the range develops. A confirmed breakout followed by a structure flip would offer a much clearer bullish signal. Related Reading: Solana Forms Textbook Cup And Handle Pattern – Massive Breakout Ahead? Ethereum Consolidates As Bulls Eye Critical Breakout Ethereum is trading at $1,830 after spending several days consolidating within a tight range between $1,850 and $1,750. This narrow trading channel has kept price action muted, but it also signals that a decisive move could be approaching. Analysts agree that whichever side breaks out first will likely set the tone for Ethereum’s price action over the coming weeks. Bulls have managed to defend the $1,750 support multiple times, but their real challenge lies ahead: reclaiming the $2,100–$2,000 zone. This range is seen as critical for reversing the broader downtrend and establishing a more sustainable recovery rally. A strong breakout and daily close above $1,850 would be an encouraging signal, but failure to follow through could quickly lead to another leg down. Related Reading: Solana Will Face A Pivotal Moment In May – Bear Market Bounce Or Bull Market Dip? On the bearish side, if Ethereum fails to hold the $1,800–$1,750 range and experiences a false breakout above $1,850, it could trigger a deeper correction toward the $1,600 or even $1,500 level. Traders and investors are watching closely, as the coming days could mark a major turning point for Ethereum’s medium-term structure. Featured image from Dall-E, chart from TradingView
This is a segment from the Forward Guidance newsletter. To read full editions, subscribe . Lawmakers are scrambling to pass President Trump’s “big, beautiful” tax and spending bill by Speaker Mike Johnson’s Memorial Day deadline. Disagreements within the GOP, though, are poised to slow things down. There are a few small but mighty groups of Republican lawmakers with some non-negotiables. They have threatened to derail the legislation should things not go their way. Main points of contention include overall spending and proposed clawbacks. So-called budget hawks, including Chip Roy (Texas), Andrew Clyde (Georgia) and Lloyd Smucker (Pennsylvania) have indicated that they want bigger budget cuts to compensate for the tax revenue decrease. The bill currently calls for a minimum of $1.5 trillion in spending cuts over a decade. Nonpartisan think tanks have estimated that extending Trump’s first-term tax cuts would decrease federal tax revenue by $4.5 trillion over a decade. There’s also a coalition of Republicans concerned about plans to clawback funding and limit tax credits associated with Biden’s Inflation Reduction Act . Those against the proposal include Sens. Thom Tillis and John Curtis, who co-authored a letter insisting that the tax cuts allow for more investment in manufacturing and lower utility bills for Americans. Still, House Ways and Means Committee Chair Jason Smith said this weekend that they’re “days, not months” away from finalizing tax plans. In contrast, Republican committee member Darin LaHood said an early June timeline is more likely. Either way, this is the priority on Capitol Hill for the foreseeable future. So maybe don’t expect any crypto legislation getting through anytime soon. Get the news in your inbox. Explore Blockworks newsletters: Blockworks Daily : Unpacking crypto and the markets. Empire : Crypto news and analysis to start your day. Forward Guidance : The intersection of crypto, macro and policy. 0xResearch : Alpha directly in your inbox. Lightspeed : All things Solana. The Drop : Apps, games, memes and more. Supply Shock : Bitcoin, bitcoin, bitcoin.
Hardware wallet provider Ledger is introducing DeFi stablecoin yields into its hardware wallet interface, Ledger Live. The integration lets users earn between 5% and 9.9% APY on stablecoins USDT, USDC, USDS, and DAI, powered by Kiln Finance, a rewards management platform. Kiln is integrated with leading DeFi protocols including Aave, Compound, Sky, Morpho, and Spark. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
One Fight Arena, based on the One Championship combat sports league, is now available on mobile with optional Sui crypto and NFT features.
Eric Trump announced that Dubai's Trump Tower will accept cryptocurrency payments. The project will feature hotel, residential, and social amenities, completed in five years. Continue Reading: Eric Trump Announces Crypto Payments for Dubai’s Upcoming Trump Tower The post Eric Trump Announces Crypto Payments for Dubai’s Upcoming Trump Tower appeared first on COINTURK NEWS .
Get ready for a significant boost to the ecosystem! The Eigen Foundation , the entity supporting the development and growth of the innovative EigenLayer protocol, has just made a major announcement that has the community buzzing. They’ve detailed the structure for their 2025 community grants program, setting aside a substantial pool of resources to fuel further innovation and expansion. This isn’t just a small fund; the Foundation plans to allocate a massive 40 million EIGEN tokens specifically for these grants throughout 2025. This commitment underscores the Foundation’s dedication to fostering a robust and decentralized ecosystem built around EigenLayer’s restaking paradigm. What Drives the Eigen Foundation’s Commitment to Grants? You might wonder, why is the Eigen Foundation pouring so many resources into grants? The answer lies at the heart of decentralized development. Ecosystem grants are a proven mechanism in the blockchain space to: Spur Innovation: They provide necessary capital for developers, researchers, and community members to build new applications, tools, and infrastructure that might not otherwise get off the ground. Foster Decentralization: By funding diverse teams and projects, the Foundation helps distribute development efforts across the community, reducing reliance on a single entity. Identify New Use Cases: Grants can uncover novel applications for EigenLayer technology, expanding its utility and reach beyond current expectations. Strengthen the Network: Funding critical infrastructure, security audits, and research helps make the entire EigenLayer ecosystem more resilient and secure. Build Community: A well-managed grants program engages the community, giving participants a tangible way to contribute and be rewarded for their efforts. This strategic allocation by the Eigen Foundation is a clear signal of their long-term vision for EigenLayer and its potential to reshape decentralized trust. Breaking Down the 2025 Community Grants Structure The 40 million EIGEN tokens allocated for 2025 will be channeled through two distinct tracks, designed to capture a wide spectrum of potential contributions: Open Innovation Grants: This track is designed to be broad and flexible, welcoming proposals for innovative ideas that contribute to the EigenLayer ecosystem in various ways. Think novel AVS concepts, developer tooling, research into restaking mechanisms, educational initiatives, or community-building projects. These grants are often more bottom-up, driven by individual or team passion and unique insights. Strategic Grants: This track is more targeted, focusing on specific areas deemed critical for the growth and stability of EigenLayer. The Foundation or its delegates will likely identify key needs, such as specific AVS categories, crucial infrastructure improvements, security research bounties, or integrations with other major protocols. These grants are typically more top-down, addressing identified gaps or priorities. The distribution itself won’t be a one-time event. The Foundation plans to distribute the funding over six-month periods throughout 2025. This phased approach allows for continuous evaluation, adaptation based on ecosystem needs, and provides multiple opportunities for applicants. Understanding the Impact of 40 Million EIGEN Tokens Allocation Let’s put the 40 million EIGEN tokens into perspective. While the exact dollar value will fluctuate with market conditions, this represents a substantial commitment of native protocol tokens. Allocating native tokens for grants aligns incentives between grantees and the protocol’s success. Grantees receiving EIGEN tokens become stakeholders, directly benefiting from the growth and adoption they help facilitate. This also ensures that the resources funding ecosystem development are drawn from the protocol’s own value, rather than relying solely on external capital. This significant allocation signals confidence from the Eigen Foundation in the future value and utility of the EIGEN tokens and the EigenLayer ecosystem as a whole. It provides a powerful incentive for talented individuals and teams to dedicate their efforts to building on EigenLayer. How These Grants Benefit the Broader EigenLayer Ecosystem The ripple effects of these grants extend far beyond the direct recipients. A thriving EigenLayer ecosystem relies on diverse and robust components. The grants program is designed to directly support the development of: Actively Validated Services (AVS): These are the core applications built on top of EigenLayer, leveraging restaked security. Grants will likely fund innovative AVS concepts across various sectors like decentralized oracles, data availability layers, sequencers, and more. Developer Tooling: User-friendly tools, SDKs, documentation, and testing frameworks are crucial for lowering the barrier to entry for developers wanting to build on EigenLayer. Grants can accelerate the creation of these essential resources. Research and Security: Funding academic research into restaking economics, security vulnerabilities, and protocol improvements is vital for the long-term health and stability of EigenLayer. Community and Education: Initiatives focused on onboarding new users and developers, creating educational content, and fostering community engagement are also key beneficiaries. By strategically investing in these areas through community grants , the Eigen Foundation is laying the groundwork for a more dynamic, secure, and feature-rich EigenLayer network. Navigating the World of Crypto Grants : Actionable Steps For developers, researchers, or community organizers looking to get involved, understanding the landscape of crypto grants is key. The Eigen Foundation’s program is a prime example, but the principles apply broadly: Identify the Right Fit: Understand the difference between Open Innovation and Strategic grants. Does your idea fit a specific need identified by the Foundation (Strategic) or is it a novel concept you believe will add value (Open Innovation)? Research the Criteria: Keep a close eye on the official Eigen Foundation blog and grant application portal (when it’s live). Understand the specific requirements, focus areas, and evaluation metrics for proposals. Craft a Strong Proposal: A compelling proposal clearly articulates the problem you’re solving, your proposed solution, its relevance to EigenLayer, your team’s capabilities, a realistic timeline, and a detailed budget (in EIGEN tokens, if required). Showcase Impact: Explain how your project will benefit the EigenLayer ecosystem, its users, or developers. Quantify potential impact where possible. Be Transparent: Be prepared for scrutiny. The new Grants Oversight Council highlights the importance of transparency in how funds are used. Securing crypto grants is competitive, but with a clear vision, a strong team, and a well-structured proposal, opportunities like those offered by the Eigen Foundation can provide the necessary resources to bring impactful projects to life. Ensuring Transparency and Accountability: The Grants Oversight Council A crucial element of the 2025 structure is the establishment of a new Grants Oversight Council. This council will play a vital role in maintaining trust and accountability within the program. Their primary function will be reviewing transparency reports submitted by grant recipients. This oversight mechanism is intended to ensure that funds are used effectively and in alignment with the stated goals of the grants program. This adds a layer of governance and helps mitigate potential misuse of funds, which is essential for the long-term credibility of the community grants initiative. Challenges and Considerations While the announcement is overwhelmingly positive, managing a grants program of this scale isn’t without its challenges. Ensuring fair distribution, evaluating the impact of diverse projects, and adapting the program based on feedback are ongoing tasks. The Grants Oversight Council will be key in navigating these complexities and ensuring the program remains effective and beneficial for the entire EigenLayer community. Looking Ahead: A Future Fueled by Community The 40 million EIGEN tokens allocated for 2025 represent more than just funding; they represent an investment in the future of decentralized trust and innovation on EigenLayer. By empowering the community through well-structured community grants , the Eigen Foundation is setting the stage for significant advancements in AVS development, infrastructure, and the overall utility of the EigenLayer protocol. This initiative is poised to attract top talent and foster a collaborative environment, driving the ecosystem forward throughout 2025 and beyond. Summary In summary, the Eigen Foundation’s plan to allocate 40 million EIGEN tokens for 2025 community grants is a landmark development for the EigenLayer ecosystem. Divided into Open Innovation and Strategic tracks, distributed over six-month periods, and overseen by a new Grants Oversight Council, this program is designed to strategically fuel innovation, build essential infrastructure, and empower the community. It’s a clear commitment to fostering decentralized growth and leveraging the potential of EigenLayer through targeted crypto grants . To learn more about the latest crypto market trends, explore our article on key developments shaping the EigenLayer ecosystem and its potential price action.
Key Takeaways: Circle secures Abu Dhabi’s regulatory approval, edging closer to UAE dominance. Hub71 partnership grants Circle sandbox access and startup grants. IPO filing targets $4 billion valuation with JP Morgan and Citi Backing. Circle, the company behind USDC and EURC stablecoins, took a major step forward. Abu Dhabi’s Financial Services Regulatory Authority (FSRA) granted it in-principle approval to operate as a licensed money services provider in the Abu Dhabi Global Market (ADGM). This move accelerates Circle’s international growth and brings its planned IPO closer to reality. Will Abu Dhabi’s Approval Fast-Track Circle’s Global Banking Plans? Circle’s approval from the FSRA is a key step toward full licensing in the Abu Dhabi Global Market (ADGM). The company was incorporated in ADGM last December, and this green light means it now meets the foundational requirements to operate in the region. “The UAE is paving the way for responsible innovators to build the internet financial system,” said Circle CEO Jeremy Allaire. “This IPA from ADGM advances our strategy to establish deep roots in markets embracing the on-chain economy,” he added. Circle also partnered with Hub71, Abu Dhabi’s flagship tech ecosystem. The alliance grants Circle entry into ADGM’s digital sandbox, where it can test and refine blockchain-based financial solutions under a progressive regulatory framework. By embedding itself in Abu Dhabi’s financial ecosystem, Circle reinforces its long-term Middle East strategy while positioning USDC and EURC as pillars of the coming tokenized economy. We’ve received In-Principle Regulatory Approval from @ADGlobalMarket ! We have also entered into a strategic collaboration with @hub71ad , to strengthen innovation within the digital assets space, and advance access to trusted, transparent, and regulated stablecoin… pic.twitter.com/iPwyBmZTIu — Circle (@circle) April 29, 2025 This isn’t Circle’s first regulatory win in the UAE. Earlier this year, the Dubai Financial Services Authority (DFSA) greenlit its operations in the Dubai International Financial Centre (DIFC), making the blockchain giant the first approved issuer under the DIFC’s new crypto token framework. Now, banks, fintechs, and financial institutions in Dubai can legally integrate USDC and EURC into their services. How Circle UAE Expansion Reshapes the Stablecoin Race With $62.05 billion in circulation, USDC solidifies its place as the world’s second-largest stablecoin, commanding over 25% of the market, per DeFiLlama data . Institutional demand keeps climbing, and Circle isn’t slowing down. Its global push just gained fresh momentum. But is a banking pivot next? Reports surfaced that Circle, alongside BitGo, is eyeing U.S. banking licenses, fueling speculation about creating a crypto bank. @circle does not intend to become a bank or any other kind of an insured depository institution. We do intend to comply with a future U.S. regulatory framework for payment stablecoins, which may require registering for a federal or state trust charter or other nonbank license. We… — Dante Disparte (@ddisparte) April 25, 2025 However, Dante Disparte, Circle’s Chief Strategy Officer, has clarified that the company isn’t chasing insured depository status. Instead, it’s preparing for upcoming U.S. stablecoin laws, which may require federal or state trust charters. Can IPO for Circle Match Coinbase’s Blockbuster Debut? Meanwhile, the IPO countdown begins. Circle has officially filed to go public, seeking a $4–5 billion valuation on the NYSE under the ticker “CRCL”. Heavyweights JPMorgan Chase and Citi are leading the charge as underwriters. i worked at goldman sachs and blackstone. graduated @Wharton . analysed hundreds of IPOs. the @circle IPO is hands-down one of the most important events in crypto history. here's what you need to know from their S-1: 1/ how does circle make money? you're probably wondering… — Dom (Bull/ish) | EasyA (@dom_kwok) April 2, 2025 If successful, this would be one of the largest crypto-related IPOs since Coinbase’s 2021 debut. The company has also been proactive in shaping digital dollar policies. Last year, Circle launched its “Compliance Engine,” a platform designed to simplify regulatory checks for businesses using its programmable wallet services. This tool reflects Circle’s focus on transparency and compliance, key factors in its growing reputation as a trusted stablecoin issuer. Frequently Asked Questions (FAQs) How does Circle generate revenue? Circle generates most of its revenue by earning interest on the high-quality reserves that fully back USDC, such as U.S. Treasuries and cash held at regulated institutions. The USDC issuer also earns some fees from institutional services and payment APIs. Why do users trust USDC more than USDT? Circle’s USDC is widely considered the most compliant stablecoin because it emphasizes transparency better than Tether’s USDT. Circle publishes monthly attestations from independent auditors to verify that every USDC is fully backed by cash and short-term U.S. Treasuries. It also aligns with global regulations such as the EU’s MiCA framework. The post Circle Gets Abu Dhabi Nod—Will Its $4B IPO Follow? appeared first on Cryptonews .