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

Foundry Digital plans to launch a Zcash mining pool next month, catering to institutions lacking infrastructure for Zcash transactions. The move aims to provide shared resources for earning the privacy-focused cryptocurrency, with round-the-clock tech support and auditable payouts.

The Crypto Partner Program by Mastercard unites over 85 crypto companies and financial institutions, recognizing the practical applications of digital assets in areas like cross-border remittances and business transfers. Partners include industry giants like Binance, Ripple, and PayPal, aiming to integrate digital assets into global commerce flows.

Stephen Gregory has been appointed as the new CEO of Binance.US, replacing Norman Reed. With a background in compliance and leadership roles at various crypto exchanges, Gregory aims to guide the company through its next phase of growth and innovation in the evolving U.S. crypto exchange landscape.

Brera Holdings, also known as Solmate, is repositioning to focus on being a Solana infrastructure company in Abu Dhabi, leading to a 19% drop in SLMT shares. The firm will divest from soccer clubs in Mozambique and Mongolia to fund its new strategy.

Ghana's SEC has approved 11 companies to participate in a regulatory sandbox for testing cryptocurrency and digital asset services under the Virtual Asset Service Providers Act. The program will last 12 months, allowing companies to refine their services and potentially transition to a full license.

The U.S. Justice Department is investigating Iran's potential use of Binance to evade sanctions, with officials seeking interviews and evidence. Binance has denied direct transactions with sanctioned entities, stating it uncovered financial activity linked to Iran after investigation.

Stablecoins are being criticized by ABA members as a potential threat to the economy, with concerns raised about deposit flight and lending stress. The Clarity Act, aimed at regulating cryptocurrencies, faces obstacles despite Trump's support for the industry.

Bitcoin dipped below $70,000 due to the International Energy Agency's proposal for a historic release of strategic oil reserves to combat rising crude prices. The market intervention, if adopted, could impact broader financial markets and cryptocurrency trading sentiment.

Federal prosecutors in Massachusetts are pursuing a civil forfeiture action to reclaim $3.4 million in USDT linked to a crypto fraud and money laundering scheme. Victims were lured into investing in an Ethereum opportunity supposedly backed by physical gold, only to have their funds converted and moved into unhosted wallets.

Bitcoin traders are anticipating a 14% price increase to $80,000 by June, despite geopolitical tensions. Strategy recently bought $1.3 billion worth of Bitcoin, signaling confidence in the market's future stability.