SafeMoon's SFM Token Crashes by 50% Following Bankruptcy Filing

SPAR in Zug, Switzerland now accepts Bitcoin payments using the Lightning Network, facilitated by DFX Swiss's OpenCryptoPay solution. This move aligns with Switzerland's progressive stance on Bitcoin adoption, with cities like Zug and Lugano leading the way in integrating cryptocurrency into daily transactions.

Coinbase is being sued by Oregon for allegedly violating state securities law by promoting cryptocurrencies as unregistered securities, leading to significant losses for investors. Despite the SEC dropping a similar lawsuit against Coinbase, states like Oregon can still pursue legal action independently.

Magic Eden has launched Season 2 of its ME token rewards campaign, allowing users to stake ME tokens, trade NFTs, and link wallets to earn rewards based on staking power and trading volume per user. The rewards will be distributed to top participants in mid-August.

eXch, a privacy-focused crypto exchange, will cease operations on May 1 due to its alleged involvement in the $1.4 billion Bybit hack and facing potential charges related to money laundering and terrorism. The decision was influenced by a whistleblower from the DOJ providing substantial evidence.

Charles Hoskinson, co-founder of Ethereum turned Cardano creator, is engaging in politics to promote blockchain technology. He aims to establish sustainable policies for blockchain by interacting with lawmakers and regulators worldwide.

The creation of a Bitcoin Strategic Reserve by President Trump marks a significant milestone for Bitcoin, transitioning from a fringe technology to an official asset within the US economy. The executive order mandates converting existing bitcoin holdings into a fund without selling, acquired through criminal and civil asset forfeiture.

Investments in Auradine and ZenMEV led the surge in crypto and DeFi funding this week, defying concerns over Trump's trade war. Auradine secured $153 million in a Series C round, while ZenMEV received $140 million to redefine "Maximal Extractable Value."

The Synthetix protocol's sUSD stablecoin fell to a new low of $0.66 this week, raising concerns about its stability due to a month-long depegging trend. The recent volatility follows a major upgrade on March 7 that changed how debt is handled in the protocol.

Arizona is on the verge of approving two bills to establish a Bitcoin reserve and allow state investment in cryptocurrencies, but Governor Katie Hobbs threatens to veto them until other priorities are addressed. Similar crypto measures have failed in other states, including Oklahoma, Montana, North Dakota, and Wyoming.

The Lazarus Group, allegedly from North Korea, has expanded its crypto infiltration strategy using fake Zoom calls, stolen identities, and malware. Kenny Li, co-founder of Manta Network, was targeted in an elaborate Zoom phishing attempt by the group, showcasing their evolving tactics.