President Trump's Solana Meme Coin Just Skyrocketed—Here's Why

KRAKacquisition Corp., a SPAC backed by Kraken, aims to acquire a target worth up to $10 billion. The company is exploring opportunities in sectors like stablecoins, tokenization, DeFi, and payments, reflecting the growing interest in crypto-related firms.

Billionaire investor Stanley Druckenmiller believes stablecoins will be the backbone of the financial system in the future due to their efficiency and cost-effectiveness. He expressed skepticism towards the rest of the crypto industry, calling it a solution looking for a problem.

The crypto lobby has already spent $271 million on the 2026 midterms, with more attack ads expected against political hopefuls. Stand With Crypto labeled Juliana Stratton as "strongly against crypto" after a PAC dumped $7 million in attack ads against her.

Eskom is considering selling excess daytime electricity to Bitcoin mining companies due to increased solar power usage, leaving them with surplus energy during daylight hours. This move aims to monetize unused capacity and generate revenue from power that might otherwise go to waste.

The U.S. Treasury Department sanctioned individuals and entities involved in a North Korean scheme that funneled millions to Pyongyang's weapons programs. The scheme, generating $800 million in 2024 alone, used deceptive IT workers to infiltrate American companies and steal sensitive data.

MoonPay integrated Ledger hardware wallet signing into its CLI wallet for MoonPay Agents to address security challenges posed by autonomous crypto trading tools. Users can now verify and sign transactions using a Ledger device, ensuring private keys remain secure.

The Ethereum Foundation released a 38-page document outlining its philosophy and commitment to Ethereum's decentralization and self-sovereignty. The document emphasizes principles like censorship resistance, open source, privacy, and security as essential for Ethereum's development and success.

PIP Labs, the company behind Story Protocol, has reduced its workforce by 10%, including full-time employees and contractors, to focus on AI opportunities. The layoffs come after the company's $80 million Series B funding round in 2024 led by Andreessen Horowitz.

Circle's USDC has surpassed Tether's USDT in adjusted transaction volumes, leading Mizuho to raise its price target for the stablecoin issuer to $120. Analysts predict USDC's market cap to reach $139 billion by 2027, reflecting its growing use cases and activity trends.