ChainGPT AI News

The North Carolina House has passed a bill allowing the state treasury to explore investing in cryptocurrencies and blockchain technology. This move signifies a shift towards modernizing public finance. The bill also establishes a Digital Assets Strategic Task Force to assess risks and opportunities in crypto investments, promote economic growth, and collaborate with local universities. With bipartisan support, the House approved the Blockchain and Digital Asset Investment Act, enabling investme

Meteora, a DeFi platform on Solana, plans to allocate 25% of its MET token supply for Liquidity Rewards and TGE Reserve. The community is mostly positive about the proposal, but concerns about liquidity sufficiency at launch have been raised. The proposal includes a 20% allocation for Liquidity Rewards Reserve to incentivize liquidity providers post-TGE. Additionally, a 5% allocation is proposed for the TGE Reserve. Users have expressed mixed opinions on the adequacy of these allocations, with s

Claynosaurz, known for its NFTs on Solana, is now venturing into Sui blockchain. CEO Andrew Pelekis shared plans for new launches in collectibles, gaming, and community interactions at Token2049’s Sui Basecamp. Utilizing Walrus Protocol for backend support, Claynosaurz aims to leverage Sui's technology for seamless entertainment experiences. While original NFTs remain on Solana, future expansions will be on Sui, starting with an achievements system rewarding user engagement. Popkins, a new speci

US President Donald Trump recently suggested families reduce gift-giving this year due to tariffs. Small businesses, like Mischief Toy Store, are suing Trump over his tariff plan. Trump's power to impose tariffs is not directly from the Constitution but delegated by Congress. The Reciprocal Trade Agreement Act of 1934 allowed presidents to set tariff rates through agreements. Trump's unilateral tariffs, based on the International Emergency Economic Powers Act, have faced legal challenges. States

Refunds and chargebacks are common in traditional payment systems, but stablecoin transactions lack these protections. Circle's Refund Protocol aims to address this gap by providing a structured, tamper-proof way to handle disputes. Unlike traditional methods, stablecoin payments are generally irreversible, making payers hesitant to use them for daily purchases. The protocol limits the arbiter's powers to dispute resolution, ensuring transparency and non-custodial control over funds. By predefin

The European Union is preparing to implement extensive Anti-Money Laundering (AML) regulations that will prohibit privacy-preserving tokens and anonymous cryptocurrency accounts starting in 2027. The new Anti-Money Laundering Regulation (AMLR) will forbid credit institutions, financial institutions, and crypto asset service providers from maintaining anonymous accounts or dealing with privacy-preserving cryptocurrencies like Monero and Zcash. The AMLR's Article 79 outlines strict bans on anonymo

The evolution of the crypto space has led to the expansion of blockchain applications beyond digital currencies and NFTs. Spacecoin CEO Stuart Gardner, founder Tae Oh, and Humanity Protocol founder Terrence Kwok discussed how blockchain is enhancing industries like digital identity verification and telecommunications. Projects are utilizing blockchain to tackle challenges in different sectors, from AI verification to providing internet access in developing nations. As AI advances, the risk of AI

The official Black Mirror token transforms social credit into a crypto game, where users can earn cryptocurrency by allowing an AI named Iris to track their online activities. This interactive experience, developed on KOR Protocol with support from Animoca Brands, Niantic Labs, and Avalanche, mirrors the show's themes of surveillance and social control. Iris monitors user behavior, assigns reputation scores, and determines access and rewards within the Black Mirror universe. The Black Mirror tok

In recent crypto news, the US Treasury has taken action against the Huione Group for its involvement in crypto-related crimes, Coinbase is stopping trading of the MOVE token, and Morgan Stanley is planning to introduce crypto trading on its E*Trade platform by 2026. The Huione Group, based in Cambodia, is accused of aiding North Korea's Lazarus Group in laundering crypto funds. The US Treasury proposed blocking the group from the US banking system, citing illicit activities totaling billions of

Kraken has finalized the purchase of futures trading platform NinjaTrader and revealed a 19% rise in first-quarter revenues to $471.7 million. The acquisition of NinjaTrader aims to provide US customers access to traditional derivatives, aligning with Kraken's goal to broaden its services. NinjaTrader, a registered Futures Commission Merchant, recently introduced trading for over 11,000 stocks and ETFs to select US clients. This deal, considered the largest between a crypto and traditional finan

The US Treasury Department is moving to block the Cambodia-based Huione Group from accessing the American banking system, accusing them of aiding North Korea's Lazarus Group in laundering cryptocurrency. FinCEN proposed a ban on US financial institutions from dealing with Huione Group due to their association with cybercriminals. Despite not having direct accounts with US banks, Huione Group has ties to foreign firms that do. The Treasury alleges that Huione Group has laundered over $4 billion i

Bitcoin mining company Riot Platforms reported its highest-ever quarterly revenue of $161.4 million, exceeding Wall Street estimates by 1%. Despite the record revenue, the company still posted a net loss of $296,367 in the first quarter of 2025. This loss was attributed to a nearly doubled mining cost of $43,808 per Bitcoin, compared to $23,034 in the same period last year. The increase in mining costs was primarily due to the block subsidy halving event and a 41% rise in the global network hash

Sky, a decentralized finance (DeFi) lending platform, has proposed a significant upgrade by replacing its governance token from Maker to Sky (SKY) and enabling staking. The proposal, shared on Sky's DAO forum, aims to transition from MKR to SKY as the governance token by mid-May. Co-founder Rune Christensen views this as a crucial step for faster adoption by exchanges. The proposal also includes penalties for delayed upgrades from MKR to SKY, with a focus on enabling SKY staking and rewarding US

Online discussions surrounding memecoins have surged this year, attracting attention after a previous decline in sentiment. According to Santiment, talks about Bitcoin and layer-1 protocols peaked during recent market volatility caused by tariffs. However, the focus has now shifted to high market cap memecoins. Santiment's Brian Quinlivan noted a rise in discussions about these risky tokens, indicating a shift towards speculative trading rather than calculated investments. The overall crypto mar

Investment firm dao5 has secured $222 million in funding for its second fund, aiming to cultivate institutional interest in cryptocurrencies. With total assets under management reaching $550 million, dao5 plans to focus on stablecoin networks, state-sovereign artificial intelligence, and public onchain infrastructure. The surge in institutional investors entering the digital assets market follows regulatory changes and endorsements by U.S. President Donald Trump. As the industry evolves, dao5 is

A Texas congressman has suggested the installation of cryptocurrency ATMs in federal buildings across the US. Rep. Lance Gooden believes that these ATMs would serve as educational tools and showcase advancements in financial technology. He has urged the General Services Administration (GSA) to explore the necessary guidelines for this initiative, aligning it with President Trump's objectives. Gooden, who has no investments in cryptocurrency, proposed this idea amidst discussions in the Senate ab

Coinbase will stop trading the MOVE token, Morgan Stanley aims to launch crypto trading on E*Trade by 2026, and Worldcoin has debuted in the US. Coinbase announced the suspension of MOVE token trading due to failure to meet listing standards, leading to a 14.5% price drop. Morgan Stanley plans to list cryptocurrencies on E*Trade in 2026, exploring partnerships with crypto firms. Worldcoin, now World, introduced its crypto token WLD in the US, offering a digital identity verification service usin

Crypto exchange Coinbase has announced the suspension of trading for the Movement Network token (MOVE), the native cryptocurrency of the Movement layer-2 blockchain protocol, developed by Movement Labs. The suspension, effective May 15, was prompted by MOVE's failure to meet Coinbase's listing standards. The MOVE token experienced a 14.5% price decline in the last 24 hours. The decision follows a third-party review initiated by the Movement Network Foundation regarding an agreement between Movem

Animoca Brands, led by Omar Elissar, is delving into real-world tokenized assets, AI projects, and the gaming sector for investment and development. Elissar highlighted stablecoins, real-world asset tokenization, AI and crypto convergence, decentralized science, and Web3 gaming as areas of interest. Gaming is integral to the company's identity, with Animoca Brands being a prominent crypto-native venture capital firm. The company recently collaborated on a Hong Kong dollar stablecoin project and

Despite the potential influence of 2 million pro-crypto voters in the Australian Federal Election, crypto has not been a focal point. Both major parties, ALP and Liberal, are now pledging to implement crypto regulations in consultation with the industry after years of inaction. The Libertarian Party has proposed a Bitcoin policy, while the Greens and One Nation have differing stances. The ALP government, despite delays, is showing a shift towards recognizing the economic potential of digital ass