Coinbase, the world’s third-largest cryptocurrency exchange by volume, is launching the Coinbase Bitcoin Yield Fund on May 1, aiming to offer Bitcoin (BTC) exposure for institutional investors outside the US. The fund targets an annual net return of 4% to 8% on Bitcoin holdings, according to an April 28 blog post by Coinbase. “To address…
Aave, a decentralized finance (DeFi) protocol, has reached a new record of funds onchain, according to data from DefiLlama. In an X post, Aave said it topped $40.3 billion in total value locked (TVL) on May 12. Onchain data reveals that Aave v3, the latest version of the protocol, has approximately $40 billion in TVL. Aave…
Pinterest recently agreed to pay $34.7 million to settle a lawsuit from an early adviser who claimed she had co-created the platform without compensation. Christine Martinez, 44, who was a friend of Ben Silbermann and Paul Sciarra, two of Pinterest’s three co-founders, sued the company in 2021 for breach of implied contract, idea theft, unjust…
Oregon Attorney General Dan Rayfield is planning a lawsuit against crypto exchange Coinbase, alleging the company is selling unregistered securities to residents of the US state, after the United States Securities and Exchange Commission’s (SEC) dropped its federal case against the exchange. According to Coinbase’s chief legal officer, Paul Grewal, the lawsuit is an exact…
The Open Network (TON), an independent layer-1 Blockchain that has a symbiotic relationship with the Telegram messaging platform, experienced a brief outage that halted block production on June 1 before functionality was restored. TON’s development team announced the issue at 12:51:00 UTC and restored network functionality approximately 40 minutes after the outage was identified. TON…
Milan menswear may have lost a fair few major runway shows, but the Italian fashion capital was still crammed with dynamic presentations this weekend: Ralph Lauren, Brioni, Corneliani and Church’s. Ralph Lauren: Classy cocktails, nattily nautical Ralph Lauren Purple Label Spring 2026 – Courtesy of Ralph Lauren First prize for the smoothest presentation, and cocktails,…
May 8, 2025; Anaheim, California, USA; Los Angeles Angels left fielder Taylor Ward (3) wears a Fireman helmet after hitting a two-run home run in the first inning against the Toronto Blue Jays at Angel Stadium. Mandatory Credit: Kirby Lee-Imagn Images Daulton Varsho finished a triple shy of hitting for the cycle, leading the Toronto…
Mar 25, 2025; Sacramento, California, USA; Oklahoma City Thunder guard Shai Gilgeous-Alexander (2) reacts after making a layup against the Sacramento Kings in the fourth quarter at the Golden 1 Center. Mandatory Credit: Cary Edmondson-Imagn Images For much of the season, Oklahoma City Thunder star Shai Gilgeous-Alexander has downplayed his team’s accomplishments, even as the…
Bitcoin markets could be in for another prolonged period of consolidation if there isn’t more buying pressure this week, says analyst Willy Woo. The strength of Bitcoin’s (BTC) run from $75,000 on April 7 to its all-time high just below $112,000 on May 22 “is starting to break down,” Woo wrote to X on May…
Coinbase has been hit with a flood of lawsuits after it recently disclosed its user data was breached, with users accusing the crypto exchange of mishandling the incident. At least six lawsuits were filed against Coinbase between May 15 and May 16, which all made various claims that the exchange failed to keep stringent security…
