Finance News

Ether.fi Introduces Tokenized Assets and Portfolio-Backed Loans

Ether.fi expands its platform with tokenized asset trading, portfolio-backed loans, and fiat accounts, aiming to bridge traditional finance with DeFi. The new features, including tokenized stocks and metals, are available globally, with some regional restrictions.

Nigeria Implements New Crypto Tax Guidelines for Digital Asset Platforms

Nigeria has implemented new tax guidelines for virtual assets, requiring crypto platforms to collect and remit taxes, including some in digital tokens.

Ethereum Layer 2 TVL Declines to Two-Year Low

Total value locked in Ethereum Layer 2 networks has decreased to approximately $5 billion, a level last observed in 2023, reversing much of the growth from 2024.

Kraken Parent Company Payward Acquires Magic Labs Embedded Wallet Business

Payward, Kraken's parent company, has acquired Magic Labs' embedded wallet business, which will rebrand to Newton Labs and focus on its Newton Protocol for onchain finance.

Pavel Durov Warns of Potential Societal Collapse in France

Pavel Durov, the founder of Telegram, has raised alarms over France’s political future, warning that the country could experience a societal collapse if it continues it..

Pump.fun Faces Crisis Amid Social Media Suspension

Pump.fun, the controversial platform that allows users to create their own cryptocurrency, has recently been banned in the U.K. and is now facing additional setbacks as..

GameStop to Raise $1.75 Billion Through Convertible Notes Offering

GameStop, a popular gaming retailer and meme stock, has announced plans to raise $1.75 billion through a private offering of 0% convertible senior notes, set to expire ..

Trump and Musk’s Public Feud Shakes Both Traditional and Crypto Markets

A public dispute between President Donald Trump and Tesla CEO Elon Musk on June 5 sent shockwaves through both traditional markets and the cryptocurrency world. This dr..

Trump Media Plans Spot Bitcoin ETF Launch to Boost Crypto Presence

On June 4, 2025, Trump Media & Technology Group filed for a spot Bitcoin ETF named the “Truth Social Bitcoin ETF,” signaling an expansion of its crypto ambitions. This ..

GameStop Announces Acquisition of 4,710 Bitcoins Valued Over $500 Million

On May 28, 2025, GameStop, the well-known American retailer specializing in video games and electronics, confirmed it purchased 4,710 Bitcoins through a post on X. This..

Trump Media Plans Major $3 Billion Crypto Push

Trump Media is reportedly preparing a bold move into the cryptocurrency space, with plans to raise $3 billion to focus on Bitcoin investments. The raise will consist..

Tesla’s Bitcoin Holdings Surpass $1.25 Billion

According to Arkham Intelligence, Tesla’s Bitcoin assets are now valued at more than $1.25 billion. This solidifies both the electric car maker and Elon Musk as dedicat..

Over 50 Million Americans Choose Bitcoin Over Gold

More than 50 million Americans now own Bitcoin, overtaking those who hold gold as the preferred store of value. According to a recent report by River research, about 14..

Bitcoin Outshines Gold as Trade Tensions Ease

Bitcoin, often compared to "digital gold," has recently shown distinct behavior compared to its physical counterpart. While gold's price dropped to a monthly low on Wed..

India’s Trade Deal with Trump: A Double-Edged Sword

Key Highlights: India is close to finalizing a major trade agreement with the US under President Trump. The deal involves cutting import duties on pharmaceutical..

Revolut Doubles Profits to $1.3 Billion on Rapid User Growth and Crypto Trading Surge

Fintech giant Revolut has reported a record-breaking year, with its pre-tax profits doubling to £1 billion ($1.3 billion) in 2024. This growth was driven by a sharp inc..