Latest Crypto News & Market Updates

Kevin Warsh sworn in as Fed chair at White House

Kevin Warsh was sworn in as Fed chair on Friday as Bitcoin trades near $77,400.Warsh took the oath from Supreme Court Justice Clarence Thomas at a White House ceremony, succeeding Jerome Powell.The Senate confirmed Warsh 54-45, with only Democrat John Fetterman crossing party lines to support the nomination.Bitcoin held near $77,400 as traders had largely priced in the leadership transition ahead of Warshs first FOMC meeting in June.　　Kevin Warsh was sworn in as the 17th Federal Reserve chair at a White House ceremony on Friday, becoming the first Fed leader to take the oath at the executive mansion since Alan Greenspan in 1987. Supreme Court Justice Clarence Thomas administered the oath.　　Warsh, 56, succeeds Jerome Powell, who held the position since 2018 and will remain on the Fed board as a governor until 2028. The Senate had confirmed Warsh on May 13 in a narrow 54-45 vote, with Democratic Senator John Fetterman as the only crossover.　　What Warshs arrival means for crypto markets　　“Our mandate at the Fed is to promote price stability and maximum employment,” Warsh said after being sworn in. “When we pursue those aims with wisdom and clarity, independence and resolve, inflation can be lower, growth stronger, real take-home pay

05-23Industry

The agentic CFO in your pocket

The next wave of financial disruption is not arriving as a better app or a cheaper brokerage built on decades-old infrastructure. It is a complete overhaul of the legacy system of rent-seeking middlemen and inefficient rails, ushered in by three forces converging at once: stablecoins as always-on digital cash, the tokenization of real-world assets from stocks to bonds to real estate, and autonomous AI agents capable of managing money. Together, they are about to put a turbo-charged CFO in every investors pocket.　　For generations, sophisticated treasury management has been the exclusive province of institutions and the ultra-wealthy. Large asset managers employ teams whose sole function is to ensure that not a single dollar sits idle, that every security generates income, and that every vote reflects their values. Retail investors have never had access to anything comparable. That is about to change.　　Think of it as your own digital treasury agent: always on, never sleeping, executing your preferences with perfect fidelity. Your agent monitors your real-time cash flows and sweeps idle balances into yield-bearing instruments that reflect actual market rates. It manages your stablecoins and tokenized securities, lending them out to generate passive income, as institutions have for years. It votes your shares

05-23Industry

Ripple backs Squids $6M cross-chain round

Ripple joined a $6M funding round for cross-chain infrastructure platform Squid.North Island Ventures led the $6M strategic round, with Ripple, Dialectic, and Borderless also participating.Squid has routed over $6 billion in volume through more than 4 million transactions since its January 2023 launch.The new funding brings Squids total raised to $13.5 million and will fund consumer-facing product expansion.　　Cross-chain platform Squid raised $6 million in strategic funding to build new consumer-facing products that simplify how users move assets across blockchains. North Island Ventures led the round, with Ripple, Dialectic, Borderless, Scenius Capital, Altos, and Arche Capital also participating.　　Angel investors including Axelar co-founder Georgios Vlachos, Enso Finance founder Connor Howe, and Constructive founder Dan Lynch joined as well. Squids pseudonymous co-founder Fig declined to disclose the valuation or round structure.　　What Squid does and why Ripple invested　　“The vision is to make directly accessing whatever you need in crypto as simple as the cross-chain swaps Squid already handles today,” Fig told The Block.　　Squid‘s application allows users to move assets across fundamentally different blockchain ecosystems, including Bitcoin, Ethereum, Solana, Cosmos, and the XRP Ledger, in a single transaction. Squid serves as the official bridge partner for the XRP Ledger and operates a validator on the

05-23Industry

Kevin Warsh Takes Fed Chair Oath as FOMC Gives Unanimous Backing

Tech　　Kevin Warsh Takes Fed Chair Oath as FOMC Gives Unanimous Backing　　Kevin Warsh took the oath of office as chairman and a member of the Federal Reserve Board on May 22, completing the transition from Jerome Powell, whose chair term concluded on May 15. The Federal Reserve Board named Powell chair pro tempore pending Warsh‘s swearing-in. President Donald Trump nominated Warsh on March 4, and the Federal Open Market Committee (FOMC) selected him as its chairman on May 22, placing him at the head of the central bank’s rate-setting panel.　　Warsh was confirmed by the United States Senate as a Board member on May 12. Senators confirmed him as chairman on May 13. His term as chairman runs through May 21, 2030, while his Board term extends through January 31, 2040. The Federal Reserve announced:　　“Kevin Warsh on Friday took the oath of office as chairman and a member of the Board of Governors of the Federal Reserve System.”　　“Also on Friday, the Federal Open Market Committee unanimously selected Warsh as its chairman,” the Fed said.　　He now leads the Federal Open Market Committee, the Federal Reserve panel responsible for setting benchmark U.S. interest rates and directing monetary policy operations. The role places him at

05-23Industry

Kalshi, Polymarket lose 2 state gambling appeals

Kalshi and Polymarket lost bids to block gambling cases in Nevada and Washington.A Ninth Circuit panel denied emergency motions from both platforms to halt state-level gambling enforcement actions.The judges ruled that federal derivatives oversight does not automatically shield prediction markets from state gaming laws.The decision deepens a growing legal split over whether sports event contracts are federally regulated swaps or gambling products.　　A three-judge Ninth Circuit panel denied emergency motions from both Kalshi and Polymarket to block lower court rulings, sending gambling enforcement cases in Nevada and Washington back to state courts. The orders came down on Thursday.　　The judges concluded that raising a defense under the Commodity Exchange Act does not create federal jurisdiction that would move the cases out of state courts. “The CEA preemption defense is an affirmative defense, which cannot by itself give rise to federal question jurisdiction,” the panel wrote.　　Why this matters for prediction market regulation　　The court also rejected Polymarket‘s argument that it was operating under federal direction through its compliance with CFTC oversight requirements. “Polymarket’s actions merely demonstrate its own compliance with federal law, which cannot alone show that it is acting under a federal officer,” the judges stated.　　Nevada‘s cases center on both platforms’ lack of

05-23Industry

Claude Expands Compliance Tools with 28 New Integrations

Anthropic, the AI company behind the Claude family of language models, has announced the addition of 28 security and compliance tool integrations, expanding its enterprise capabilities. The new integrations, powered by the Claude Compliance API, allow IT and security teams to monitor and govern Claude usage as they do other enterprise applications.　　This move targets enterprise users increasingly relying on AI tools for sensitive workflows. By integrating with platforms like Cloudflare, Microsoft Purview, CrowdStrike, and Palo Alto Networks, Claude aims to provide a unified view of user activity and data, bolstering security and compliance across industries. These partnerships span key enterprise categories, including data loss prevention (DLP), identity management, and security information and event management (SIEM).　　What the Compliance API Offers　　The Claude Compliance API empowers organizations with programmatic access to two key data streams:Conversation Content: Admins can apply existing security, monitoring, and data loss prevention policies to Claudes enterprise features, such as chats, uploaded files, and projects.Activity Events: Logs of user logins, admin actions, and configuration changes provide a comprehensive view of how Claude is being used across the organization.　　For enterprises already using platforms like Datadog, Netskope, or Proofpoint, integrating Claude is as simple as connecting the API to their existing dashboards.

05-23Industry

The agentic CFO in your pocket

The next wave of financial disruption is not arriving as a better app or a cheaper brokerage built on decades-old infrastructure. It is a complete overhaul of the legacy system of rent-seeking middlemen and inefficient rails, ushered in by three forces converging at once: stablecoins as always-on digital cash, the tokenization of real-world assets from stocks to bonds to real estate, and autonomous AI agents capable of managing money. Together, they are about to put a turbo-charged CFO in every investors pocket.　　For generations, sophisticated treasury management has been the exclusive province of institutions and the ultra-wealthy. Large asset managers employ teams whose sole function is to ensure that not a single dollar sits idle, that every security generates income, and that every vote reflects their values. Retail investors have never had access to anything comparable. That is about to change.　　Think of it as your own digital treasury agent: always on, never sleeping, executing your preferences with perfect fidelity. Your agent monitors your real-time cash flows and sweeps idle balances into yield-bearing instruments that reflect actual market rates. It manages your stablecoins and tokenized securities, lending them out to generate passive income, as institutions have for years. It votes your shares

05-23Industry

How Jeremy Sturdivant spent the 10,000 Bitcoin pizza fortune

Jeremy Sturdivant, the 19 year old who received 10,000 Bitcoin for two pizzas in May 2010, spent almost all of it long before BTC crossed even $1, let alone todays five figure levels.In 2010, 10,000 BTC was worth about $40 to $41 and bought two Papa Johns pizzas for Laszlo Hanyecz in Jacksonville.Sturdivant later said he spent the coins on travel and goods as Bitcoins price climbed from fractions of a cent to under $1.At Bitcoins November 2021 peak near $69,000, that same 10,000 BTC would have been worth around $690 million.　　Jeremy Sturdivant, known as “jercos” on the Bitcointalk forum, was the counterparty to Laszlo Hanyeczs now legendary 10,000 BTC pizza purchase on May 22, 2010.　　How did Jeremy Sturdivant end up with 10,000 BTC for pizza？　　The deal that turned into Bitcoin Pizza Day began on the Bitcointalk forum on May 18, 2010, when Florida programmer Laszlo Hanyecz offered 10,000 BTC to anyone willing to get him “a couple of pizzas” delivered to his home.　　Four days later Hanyecz posted, “I just want to report that I successfully traded 10,000 bitcoins for pizza. Thanks jercos!” confirming that forum user Jeremy “jercos” Sturdivant had stepped in, paid for two large Papa Johns pizzas

05-23Industry

Ripple backs Squids $6M cross-chain round

Ripple joined a $6M funding round for cross-chain infrastructure platform Squid.North Island Ventures led the $6M strategic round, with Ripple, Dialectic, and Borderless also participating.Squid has routed over $6 billion in volume through more than 4 million transactions since its January 2023 launch.The new funding brings Squids total raised to $13.5 million and will fund consumer-facing product expansion.　　Cross-chain platform Squid raised $6 million in strategic funding to build new consumer-facing products that simplify how users move assets across blockchains. North Island Ventures led the round, with Ripple, Dialectic, Borderless, Scenius Capital, Altos, and Arche Capital also participating.　　Angel investors including Axelar co-founder Georgios Vlachos, Enso Finance founder Connor Howe, and Constructive founder Dan Lynch joined as well. Squids pseudonymous co-founder Fig declined to disclose the valuation or round structure.　　What Squid does and why Ripple invested　　“The vision is to make directly accessing whatever you need in crypto as simple as the cross-chain swaps Squid already handles today,” Fig told The Block.　　Squid‘s application allows users to move assets across fundamentally different blockchain ecosystems, including Bitcoin, Ethereum, Solana, Cosmos, and the XRP Ledger, in a single transaction. Squid serves as the official bridge partner for the XRP Ledger and operates a validator on the

05-23Industry

Kevin Warsh Takes Fed Chair Oath as FOMC Gives Unanimous Backing

Tech　　Kevin Warsh Takes Fed Chair Oath as FOMC Gives Unanimous Backing　　Kevin Warsh took the oath of office as chairman and a member of the Federal Reserve Board on May 22, completing the transition from Jerome Powell, whose chair term concluded on May 15. The Federal Reserve Board named Powell chair pro tempore pending Warsh‘s swearing-in. President Donald Trump nominated Warsh on March 4, and the Federal Open Market Committee (FOMC) selected him as its chairman on May 22, placing him at the head of the central bank’s rate-setting panel.　　Warsh was confirmed by the United States Senate as a Board member on May 12. Senators confirmed him as chairman on May 13. His term as chairman runs through May 21, 2030, while his Board term extends through January 31, 2040. The Federal Reserve announced:　　“Kevin Warsh on Friday took the oath of office as chairman and a member of the Board of Governors of the Federal Reserve System.”　　“Also on Friday, the Federal Open Market Committee unanimously selected Warsh as its chairman,” the Fed said.　　He now leads the Federal Open Market Committee, the Federal Reserve panel responsible for setting benchmark U.S. interest rates and directing monetary policy operations. The role places him at

05-23Industry