Senator Elizabeth Warren requested the postponement of the bill on stablecoins due to the alleged high level of corruption surrounding the Trump family's USD1 WLFI stablecoin project.
Riot Platforms reports mixed results in Q1, with an increase in Bitcoin mining revenues
Riot Platforms released its financial results for the first quarter of the year this week, showing mixed performance. The company reported a 13% increase in revenue compared to the previous quarter, totaling $161.4 million — slightly above Wall Street estimates.
The highlight was the revenue from Bitcoin (BTC) mining, which doubled compared to the same period last year, reaching $142.9 million. This significant growth was driven by the appreciation of Bitcoin's price and improvements in the company's operations.
Arizona Governor Katie Hobbs vetoed the state's Bitcoin Strategic Reserve legislation after it was approved by the House and Senate. She called Bitcoin an "unproven investment". $BTC $XRP $SOL
🚨 SEC Ends Ripple Lawsuit After Admitting Lack of Clear Guidelines 🚨
After over three years of legal battles, the U.S. SEC has officially concluded its lawsuit against Ripple Labs. 🏛️💥 The SEC withdrew its appeal, admitting there were no clear guidelines for regulating cryptocurrencies! 🙌
Key Points:
🔓 Ripple Lawsuit Settled: SEC drops its case against Ripple after acknowledging unclear crypto regulations.
💰 Settlement: Ripple agrees to pay a $50M fine (down from $125M), with no admission of wrongdoing.
⚖️ Legal Precedent: This could pave the way for clearer crypto regulations in the U.S. going forward!
📈 XRP Price: XRP is trading at $2.19 (down 1.35% today), with an intraday high of $2.24! 🚀
Ripple's Victory: This is a huge win for the crypto community, signaling a shift towards more transparent and defined regulations. 🟢💥
$MSTR announces BTC yield of 13.7% and BTC gain of US$ 5.8 billion year-to-date, doubles the capital plan to US$ 42 billion in stocks and US$ 42 billion in fixed income to buy bitcoin and raises the BTC yield target from 15% to 25% and the BTC gain target from US$ 10 billion to US$ 15 billion for 2025.
Ripple, the company behind the cryptocurrency XRP, offered between US$ 4 and 5 billion to acquire Circle, the issuer of the stablecoin USDC, according to Bloomberg.
The offer was rejected as it was considered low, and Circle remains focused on its initial public offering (IPO) in the US.
However, rumors suggest that Brad Garlinghouse, CEO of Ripple, may have offered US$ 20 billion to acquire Circle, the issuer of the stablecoin USDC, according to rumors.