Author: James Wilson
Bitget said commitments for its OpenAI-linked preOPAI sale on IPO Prime passed $100 million before the subscription window closed on May 15 at 8:00 UTC. Summary Bitget said OpenAI-linked preOPAI commitments passed $100 million before the May 15 subscription deadline. Crypto.news earlier noted preOPAI offers OpenAI-linked exposure but does not represent direct company equity. Bitget’s own terms say OpenAI has not endorsed, approved or authorized the preOPAI product. The product gives eligible users exposure tied to OpenAI’s possible future public listing. The exchange listed preOPAI as the second project on IPO Prime. Earlier crypto.news coverage said the sale opened on…
Signal has warned that it may leave Canada if the country’s proposed lawful access bill forces the company to weaken its privacy tools. Summary Signal says it may leave Canada rather than weaken its end-to-end encryption promises to users. Bill C-22 remains in committee as lawmakers review lawful access powers and metadata rules. Meta, Apple and Windscribe have also raised privacy and security concerns over the proposal publicly. The warning came from Udbhav Tiwari, Signal’s vice president of strategy and global affairs. Tiwari said Signal “would rather pull out of the country” than break the privacy promises made to users.…
Dartmouth College’s endowment has disclosed about $14 million in crypto-linked ETF exposure, with new positions tied to Solana and Ethereum staking products added alongside its existing Bitcoin ETF holding. Summary Dartmouth added Solana ETF exposure as endowments keep testing regulated crypto access through public funds. The filing shows Bitcoin remains the largest crypto ETF position in Dartmouth’s reported public portfolio. Bitcoin ETF outflows added market caution, even as universities continue building selective digital asset exposure. The filing shows about $3.3 million in the Bitwise Solana Staking ETF, about $3.5 million in the Grayscale Ethereum Staking ETF and about $7.7 million…
The Tether freeze coalition known as T3 FCU has surpassed $450 million in blocked illicit USDT since launching in 2024. Summary T3 FCU, backed by Tether, TRON, and TRM Labs, intercepted 43.9% more illicit proceeds in 2025 than the year before, operating across 23 jurisdictions. The unit’s cases span drug trafficking, exchange hacks, North Korea-linked funds, terrorist financing, and kidnappings and extortion. FATF designated T3 FCU an invaluable law enforcement resource as TRM Labs estimated total illicit crypto flows reached a record $158 billion globally in 2025. The T3 Financial Crime Unit, a joint initiative backed by Tether, TRON, and…
SIREN price crashed 51.36% on May 14, closing at $0.5574 after opening above $1.14. Summary SIREN price collapsed 51.36% on the daily chart on May 14, closing at $0.5574 after hitting an intraday high of $1.1619. The daily MACD histogram is rolling over sharply, with the MACD line curling toward an imminent bearish crossover below the signal line. If $0.50 fails to hold as daily support, the next meaningful demand zone does not appear until the $0.13 to $0.15 range from the March crash. SIREN price dropped 51.36% on the daily chart on May 14, opening at $1.1455 and collapsing…
Cerebras IPO shares nearly doubled on their first day of trading, opening at $350 after pricing at $185 per share on Wednesday evening. Summary Cerebras raised $5.55 billion at $185 per share and opened Thursday at $350, the largest US tech IPO since Uber’s 2019 debut. The AI chipmaker carries a market capitalisation above $100 billion with OpenAI and Amazon Web Services as anchor customers. The debut is seen as a bellwether for a broader AI listing wave with OpenAI and SpaceX targeting later-year offerings in 2026. Cerebras IPO shares opened at $350 on Thursday on the Nasdaq under the…
The Clarity Act cleared the Senate Banking Committee 15 to 9 on Thursday, sending Bitcoin above $82,000 for the first time in weeks. Summary The Senate Banking Committee advanced the Clarity Act in a bipartisan 15 to 9 vote, with two Democrats crossing the aisle to back the bill. Bitcoin climbed above $82,000 following the committee vote before pulling back to around $81,500, up roughly 2.5% on the day. Unresolved ethics provisions and a 60-vote Senate floor threshold remain as the bill moves toward a full Senate vote ahead of May 21 recess. The Clarity Act advanced out of the…
Blockchain security firm Blockaid flagged an active smart contract exploit draining $132,700 from ShapeShift’s FOX Colony on Arbitrum. Summary The attacker targeted the executeMetaTransaction function in FOX Colony’s contracts, using a delegate call to redirect funds to a malicious contract. A second related exploit drained an additional $50,000 shortly after the initial attack, bringing total losses to approximately $182,700. Blockaid warned every Colony Network deployment exposing executeMetaTransaction on top of EtherRouter, across any chain, may face the same vector. Blockaid flagged the incident on X on May 13, identifying the attacker wallet at 0xeed236Afb6967f74099a0a6bf078BC6b865fbf28. FOX Colony is ShapeShift’s community governance…
Grove’s Basin liquidity network can supply up to $1 billion in daily stablecoin liquidity to support redemptions for tokenized U.S. Treasury funds. Summary Grove introduced a liquidity facility capable of providing up to $1 billion in daily stablecoin liquidity. The Basin network is designed to support instant redemptions for tokenized Treasury products including BlackRock’s BUIDL fund. The launch highlights growing institutional demand for tokenized real-world assets and on-chain liquidity infrastructure. Blockchain credit infrastructure company Grove has launched a liquidity network called Basin aimed at supporting instant redemptions for tokenized U.S. Treasury funds, marking another major step in the expansion of…
The CLARITY Act cleared the Senate Banking Committee 15-9 on May 14, advancing to a full Senate floor vote. Summary The Senate Banking Committee voted 15-9 on May 14 to advance the CLARITY Act, with Democrat Ruben Gallego of Arizona joining all 13 Republicans. Senator Elizabeth Warren called the bill “just not ready” and warned of weak anti-money laundering provisions and unresolved ethics language around officials who profit from crypto. The bill now needs 60 votes to clear a Senate floor vote, and the House must reconcile any differences before it reaches President Trump’s desk. The Senate Banking Committee voted…