Former Celsius CEO Alex Mashinsky Sentenced to 12 Years for Deliberate Fraud and Manipulation

SEC Commissioner Caroline Crenshaw criticized the agency's settlement with Ripple Labs, stating it weakens crypto enforcement and harms investors. The settlement, which involves a $50 million payment, marks a shift in the SEC's approach to digital assets.

Bitcoin and altcoins surged due to expectations of interest rate cuts, renewed institutional demand, and a U.S.-U.K. trade deal. Despite the Fed's unchanged rates, markets anticipate a cut soon, with Bitcoin hitting $103,460.

Eurogroup President Paschal Donohoe discussed the EU's plan to expand AML regulation to include tracking cryptocurrency transfers. The new Anti-Money Laundering Regulation will require exchanges to identify users of self-hosted wallets.

U.S. District Judge K. Michael Moore dismissed most claims against celebrities sued for promoting collapsed crypto exchange FTX, stating investors failed to prove their knowledge of fraudulent activities. The lawsuit against celebrities could be amended, and claims of promoting unregistered securities remain active.

The SEC and Ripple Labs settled a lawsuit after four years, with Ripple and its executives agreeing to pay $50 million to the SEC. The settlement awaits approval from District Court Judge Analisa Torres, who previously ordered Ripple to pay a $125 million fine.

Dogecoin (DOGE) surged 14% in 24 hours, outpacing Bitcoin's gains, now trading at $0.195, up 36% for the month. Other meme coins like TRUMP, Fartcoin, and PEPE are also experiencing significant gains.

Binance founder Changpeng Zhao has begun the pardon application process after completing a money laundering sentence. He clarified that he is not exchanging Binance.US equity for a pardon, stating he has only recently started the legal procedure.

Coinbase reported a 10% decrease in total revenues for the first quarter of 2025, falling short of analyst expectations. The company's net income dropped by 94% compared to the previous quarter, with earnings per share shrinking significantly.

The rise of prediction markets has provided crypto participants with diverse opportunities to engage in real-time event predictions. Myriad, a prediction market, allows users to wager on the likelihood of events, such as Dogecoin's price surpassing $0.19. Notable markets include Dogecoin's price and the selection of the new pope.