Jesse Coghlan

Twenty One Capital’s major backer, Tether, has proposed a three-way merger to combine the Bitcoin treasury company with the Bitcoin services firm Strike and Bitcoin mining company Elektron Energy.

Senator Thom Tillis says he’ll push the Senate Banking Committee to schedule a long-delayed markup on a crypto market structure bill to advance the legislation.

CryptoQuant says Bitcoin could see months of price declines, as its April rally was spurred by futures trading while spot demand declined, a setup that historically carries “meaningful downside risk.”

Rapper Iggy Azalea is facing a class lawsuit over her memecoin, Mother Iggy, with investors claiming promotions of real-world use and business integrations for the token never materialized.

The crypto-focused arm of venture capital firm Andreessen Horowitz has raised $2.2 billion for its fifth fund dedicated to backing crypto projects.

DoorDash and Meta’s stablecoin trials could spur other major companies into adopting them, which would massively scale their value, says Bitwise’s Matt Hougan.

Coinbase Misses Estimates on Q1 Revenue, $400M Loss

Senate Banking Committee members have filed more than 100 amendments to a key crypto bill, with a leaked list showing issues ranging from stablecoins to software developers and ethics.

NYDIG’s Greg Cipolaro says the Senate could pass a long-awaited crypto bill as late as August and that if it doesn’t, the legislation is at risk as Congress winds up for the midterms.

The Ethereum Foundation has seen two more resignations in a string of high-profile departures that have brought the total to at least eight this year.