Crypto Firm Galaxy Digital Plots Nasdaq Launch on May 16

Movement Labs suspended co-founder Rushi Manche amid a governance probe after Rentech dumped 66 million MOVE tokens. The Foundation believed it was contracting Web3Port for liquidity, but Rentech misrepresented its role.

The U.S. Treasury Department's FinCEN proposed actions to sever Cambodia-based Huione Group from the U.S. financial system due to alleged money laundering activities, including processing $4 billion in illicit proceeds. The proposed rule aims to restrict Huione's access to correspondent banking, hindering money laundering capabilities.

Rep. Lance Gooden from Texas is proposing to install crypto ATMs in federal buildings to support the financial needs of a diverse consumer base. Gooden believes this initiative aligns with President Trump's vision of U.S. dominance in blockchain and crypto innovation.

Kraken's routine job interview turned into an intelligence-gathering operation after suspicions arose about a North Korean operative. The candidate used fake identities, coaching, and digital deception, highlighting the need for vigilance against state-sponsored infiltration attempts.

The Black Mirror Experience introduces the Black Mirror token, utilizing the KOR Protocol to track user behavior and assign reputation scores through a virtual assistant named Iris. Participants can earn tokens by engaging with decentralized communities and maintaining high social scores.

Canary Capital has filed for the first exchange-traded fund tied to SEI, the Sei layer-1 blockchain token, with a focus on staking for additional yield. The ETF aims to provide exposure to SEI's price and earn more tokens through staking. SEI is ranked 85th by market cap and recently traded at slightly over $0.225.

Eric Trump cited "woke cancel culture" targeting his family as the reason for his interest in cryptocurrency, following banks canceling their accounts due to political reasons. He expressed his belief in the future of crypto and criticized the traditional financial system's shortcomings.

Strategy, formerly MicroStrategy, reported a $16.49 per common share decline in Q1 2025 due to Bitcoin's price drop, resulting in a $5.9 billion loss on its Bitcoin holdings. The company plans a $21 billion common stock equity offering to fund future Bitcoin purchases.

Avraham “Avi” Eisenberg, the Mango Markets exploiter, was sentenced to 52 months in prison for possessing child sexual exploitation material, not for the $110 million crypto theft. The judge emphasized the importance of a prison sentence for deterring the distribution of such material.

Myriad's prediction markets offer users a chance to wager on various events, such as Michael Saylor's Bitcoin purchases or Jerome Powell's potential departure from the Fed chair position. Predictors can cash in on their knowledge by following real-time indicators and odds.