28 Apr 2025

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Breaking News

Stay ahead of the curve with The Coinomist’s breaking news coverage. From major market shifts to regulatory updates and industry-defining announcements, we deliver the critical information you need, fast and accurate. Be the first to know about the stories shaping the world of cryptocurrency, business, investing, and Web3.

Mask Network Announces Major Restructuring of MaskDAO

Mask Network Announces Major Restructuring of MaskDAO

On February 21, 2025, Mask Network, a decentralized social protocol, announced a major restructuring of its MaskDAO ecosystem.

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South Africa’s Altvest Capital Launches Bitcoin Reserve

South Africa’s Altvest Capital Launches Bitcoin Reserve

South African investment firm Altvest Capital has announced its venture into bitcoin, positioning itself as the first company on the continent to pursue this investment strategy.

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ECB Develops Payment Infrastructure on DLT

ECB Develops Payment Infrastructure on DLT

On Thursday, 20 February 2025, the European Central Bank (ECB) disclosed its plans to broaden its blockchain-based payment system, designed to facilitate digital settlements in central bank money, thereby advancing the frontier of digital currency integration..

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Woman Jailed for Stealing $5.7M from Bybit

Woman Jailed for Stealing $5.7M from Bybit

Ho Kai Xin, an employee at financial firm Wechain who handled Bybit’s payroll, has been sentenced to nearly ten years in prison for crypto fraud involving $5.7 million.

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Kraken Faces Record Law Enforcement Requests, Discloses 10,369 Accounts

Kraken Faces Record Law Enforcement Requests, Discloses 10,369 Accounts

Law enforcement and regulatory requests to the U.S.-based cryptocurrency exchange Kraken increased by 38.6% over the past year, reaching 6,826 in total.

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UMA, Polymarket, and EigenLayer Launch a Next-Gen Prediction Market Oracle

UMA, Polymarket, and EigenLayer Launch a Next-Gen Prediction Market Oracle

UMA, Polymarket, and EigenLayer have partnered to create a cutting-edge oracle for prediction markets, designed to support the evolution of decentralized dispute resolution.

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Ethereum Gas Fees Hit Record Low: Vitalik Buterin Speaks Out

Ethereum Gas Fees Hit Record Low: Vitalik Buterin Speaks Out

Ethereum is under growing pressure from both inside and outside its network, leading to new challenges for its ecosystem.

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Kraken Considers Deribit Acquisition—Discussions Still Underway

Kraken Considers Deribit Acquisition—Discussions Still Underway

According to insiders at CoinDesk, the options-focused crypto exchange Deribit is still deep in negotiations regarding a possible platform sale to Kraken, the prominent American crypto exchange.

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Mantra Rolls Out a Startup Accelerator with Google Cloud Support

Mantra Rolls Out a Startup Accelerator with Google Cloud Support

Renowned for its work in tokenizing real-world assets (RWA) through blockchain technology, MANTRA announced on Thursday, February 20, the launch of RWAccelerator, a new initiative to nurture startups.

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Australian Crypto Investors Poised to Impact Election Outcomes

Australian Crypto Investors Poised to Impact Election Outcomes

Insights from the Australian exchange Swyftx show that crypto holders are actively supporting candidates who are strong advocates for the digital asset sector—an emerging force that could tip the scales in future elections.

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Brazilian CVM Greenlights Hashdex’s XRP ETF

Brazilian CVM Greenlights Hashdex’s XRP ETF

According to reports in the Brazilian press, crypto investment firm Hashdex has secured approval from the Brazilian Securities and Exchange Commission (CVM) to launch the world’s first spot XRP ETF.

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BitGo Makes Its Mark on the Global OTC Scene

BitGo Makes Its Mark on the Global OTC Scene

Known for its expertise in cryptocurrency custody, BitGo has announced the launch of its global OTC trading platform, stirring up rumors of an IPO scheduled before year’s end.

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Senate Appoints Howard Lutnick as Secretary of Commerce

Senate Appoints Howard Lutnick as Secretary of Commerce

The Senate, voting 51-45, has confirmed Howard Lutnick as the 41st Secretary of Commerce. He is set to lead efforts in stimulating economic growth, fostering job creation, and advancing innovative policies that reflect the ministry’s foundational principles.

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Cardex Users Hit with $400K Loss Over Developer Glitch

Cardex Users Hit with $400K Loss Over Developer Glitch

The Cardex app, running on the L2 Abstract blockchain and developed by Igloo—Pudgy Penguins’ parent company—suffered a $400,000 hit when a private key was leaked.

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SEC Approves Filing for Bitwise’s Spot XRP ETF

SEC Approves Filing for Bitwise’s Spot XRP ETF

On February 18, the U.S. Securities and Exchange Commission (SEC) formally accepted Bitwise’s application for a spot XRP ETF, marking the start of a closely watched regulatory process.

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Dave Portnoy Cashes in $258K on a Meme Coin, Then Sees It Crash 90%

Dave Portnoy Cashes in $258K on a Meme Coin, Then Sees It Crash 90%

American businessman Dave Portnoy earned around $258,000 by launching his own meme coin, GREED, on Solana—but ultimately watched its value plummet 90%.

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FTX Launches Refunds—First Payouts Set to Arrive

FTX Launches Refunds—First Payouts Set to Arrive

After more than two years of waiting, FTX customers are finally beginning to receive their payouts.

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Strategy Heralds a ~$2 Billion Note Offering

Strategy Heralds a ~$2 Billion Note Offering

Formerly Microstrategy, Strategy has announced a private placement of convertible senior bonds valued at roughly $2 billion—a move that may signal a new phase in its strategy to increase bitcoin exposure.

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Solana Trader Naseem Scores $109 Million by Sniping the TRUMP Meme Coin

Solana Trader Naseem Scores $109 Million by Sniping the TRUMP Meme Coin

Reports confirm that the prominent trader Naseem pocketed approximately $109 million on the TRUMP meme coin, all thanks to his precise sniper trading strategy.

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Monad Announces Public Testnet Launch for February 19

Monad Announces Public Testnet Launch for February 19

Monad, a Layer 1 blockchain utilizing parallel execution, will launch its public testnet on February 19, introducing a new approach to high-performance blockchain processing.

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Hyperliquid’s HyperEVM Goes Live on Mainnet

Hyperliquid’s HyperEVM Goes Live on Mainnet

With HyperEVM now live on mainnet, Hyperliquid is setting the stage for a more efficient, scalable, and interoperable DeFi ecosystem—a move that could reshape the future of on-chain financial infrastructure.

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Robinhood Sets Sights on Singapore’s Crypto Market

Robinhood Sets Sights on Singapore’s Crypto Market

U.S. fintech giant Robinhood is taking the next step in its crypto expansion, planning to enter Singapore through Bitstamp’s existing licenses, following its acquisition of the European exchange in 2024.

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Musk’s DOGE to Overhaul SEC Operations

Musk’s DOGE to Overhaul SEC Operations

The Department of Government Efficiency (DOGE), led by Elon Musk, is launching an in-depth review of the SEC, with an eye on restructuring its operations. But is this about optimization—or something more?

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Why Is Crypto Stuck? QCP Analysts Break Down the Market

Why Is Crypto Stuck? QCP Analysts Break Down the Market

QCP Group’s February 17 analysis reveals a cautious market, where investors are holding off on major moves as they await regulatory clarity. Will this calm last?

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Standard Chartered and Animoca Drive Stablecoin Adoption in Hong Kong

Standard Chartered and Animoca Drive Stablecoin Adoption in Hong Kong

A new regulated stablecoin is on the horizon as Standard Chartered, Animoca, and HKT announce a joint venture to launch a Hong Kong dollar-backed digital asset. The partnership aligns with the city’s growing push toward crypto innovation.

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Zora Network Reviewed: A Testnet Guide

Zora Network Reviewed: A Testnet Guide

Are sky-high Ethereum fees getting you down? The folks at Zora have come up with an alternative, introducing their Layer 2 solution with lower transaction fees. This article will walk you through how to get involved with the project and earn some rewards.