The decentralized computing network Acurast will start the token sale on CoinList at 1:00 am (Beijing time) on May 16, and the tokens will be 100% unlocked. Acurast uses smartphones to build a decentralized computing platform, and more than 65,000 devices have been connected. The total sales volume is 60 million ACUs, with a unit price of $0.09 and an estimated value of $90 million. The "bottom-up" distribution mechanism is adopted to give priority to small buyers. The sale is not open to specific regions such as the United States and Canada.

The U.S. Senate rejected the GENIUS Act, a stablecoin regulatory framework bill, by a vote of 48 to 49, due to the collective opposition of the Democrats, who said that the Trump family's involvement in cryptocurrencies posed a corruption risk. Although the Republicans held a majority, they did not reach the 60-vote procedural threshold.

Coinbase released its Q1 2025 financial report, with revenue of US$2.034 billion, lower than the expected US$2.12 billion; earnings per share of US$0.24, far lower than the market expectation of US$1.93.

The charges include commodity fraud and manipulating the price of the platform token CEL. In addition, he must pay $48 million and confiscate nine assets, and must go to jail no later than September 12 this year.

Coinbase executives said the company has agreed to acquire Deribit, the world's largest Bitcoin and Ethereum options trading platform, for about $2.9 billion. The deal still needs regulatory approval, and Coinbase will also take over Deribit's operating license in Dubai.

While developing Botanix, we kept asking ourselves a question: Can a system built on top of Bitcoin really be called a sidechain or layer 2 (L2)?

Security company SlowMist said on the X platform that Ethereum's Pectra upgrade (EIP-7702) is now live - this is a major leap forward, but new features also bring new risks. Here are the things users, wallet providers, developers and exchanges should pay attention to:

Strategy (formerly MicroStrategy) will release the Bitcoin Standard Model 2025 to help enterprises adopt Bitcoin.

Harsh Bharwani, CEO of Jetking, an Indian listed company, said that it is raising billions of dollars to buy 18,000 BTC. According to the video he shared, the CEO of Jetking said: "In the next six months, we plan to raise funds and expand the scale to about 180 bitcoins. In the next year, we will reach a scale of about 1,800 bitcoins. And finally, around 2030, using the various tools and resources available to us, we will reach a scale of about 18,000 bitcoins."

Emarat, the UAE’s state-owned oil giant, has announced a strategic partnership with Crypto.com to launch cryptocurrency payment services at gas stations - a first in the Middle East and North Africa (MENA) region. In the first phase, the service will be enabled at 10 Emaar gas stations, with plans to gradually expand to its entire network. As part of this partnership, we also launched the Emarat×Crypto.com co-branded service station on Al Wasl Road in Dubai - the first flagship station of its kind in the world under Project Landmark, which introduced a gas station naming rights model.

On May 7, Oregon Governor Tina Kotek signed Senate Bill 167 (SB 167), which updates the state's business regulations to the Uniform Commercial Code (UCC) and explicitly includes provisions related to digital assets. The new bill introduces UCC Article 12 to establish a legal framework for cryptocurrencies, tokenized records, and electronic currencies, and amends UCC Article 9 to allow digital assets to be used as collateral in mortgage transactions. In addition, the bill recognizes the legal validity of electronic records, electronic signatures, and hybrid transactions to support the development of digital commerce. The new regulations include transitional provisions to ensure that transactions before the bill takes effect remain legally valid and give existing security interests a one-year compliance grace period.