American Bitcoin, Linked to Eric Trump, to Merge With Gryphon Digital Mining in Q3

A class action lawsuit against Caitlyn Jenner and Sophia Hutchins was dismissed by a California federal judge due to lack of evidence showing how the token purchases were conducted in the U.S. The lead plaintiff, Lee Greenfield, has until May 23 to file a new complaint with stronger evidence.

Andrew Charlton has been appointed as Assistant Minister for Science, Technology, and the Digital Economy in Australia, in addition to his role as Cabinet Secretary. The government aims to regulate digital assets and modernize the tech sector, aligning with global standards like the EU’s MiCA and Singapore’s Payment Services Act.

Ethereum surged 40% last week, reaching $2,500, driven by easing trade tensions and a network upgrade. Analysts believe future gains hinge on stronger fundamentals, despite recent profit-taking. The market optimism was influenced by positive political developments, with traditional equities also seeing gains.

New York Mayor Eric Adams aims to position the city as a global crypto hub, hosting a crypto summit on May 20. He emphasized blockchain's potential for financial inclusion and the city's growing role in crypto innovation, seeking collaboration between public officials and private sector innovators.

Following the announcement by the S&P 500 that Coinbase's stock will be added to its index on May 19, COIN shares surged 8% in after-hours trading, reaching $225 per share. This move comes as Coinbase is set to replace Discover Financial Services on the S&P 500 index.

SEC Commissioner Caroline Crenshaw questions the agency's focus on promoting blockchain technology for traditional finance firms, suggesting it may lead to picking winners and losers in the industry. She argues that delays in settlement on Wall Street provide key benefits, such as flexibility and security measures.

Nakamoto Holdings and KindlyMD have formed a new Bitcoin treasury, raising $710 million through private investment and convertible notes. The merger aims to accelerate Bitcoin adoption globally, with David Bailey as the CEO. KindlyMD, a healthcare firm, will maintain its focus on combating the opioid crisis.

CIC Digital LLC and Fight Fight Fight LLC organized a dinner where 220 crypto investors could dine with US president Donald Trump by purchasing his personal crypto coin. The investors were selected based on their TRUMP coin holdings and spending between the announcement and the deadline.

Anchorage Digital has announced the acquisition of stablecoin issuer Mountain Protocol to enhance institutional stablecoin support. The move aims to integrate Mountain's technology and team into Anchorage's operations pending regulatory approval. Stablecoins are gaining importance in the digital economy, with a potential market growth to trillions of dollars.