Huione Group, a Cambodian conglomerate linked to the largest illicit online marketplace, could be cut off from the U.S. financial system under a new Treasury proposal. According to a May 1 announcement from the U.S. Department of the Treasury’s Financial…

U.S. Treasury moves to block Huione Group over crypto laundering claims

Senator Lummis stated that President Donald Trump supports her plan to buy 1 
million BTC.

Senator Lummis claims Trump supports 1M Bitcoin strategic reserve bill

Google is bringing zero-knowledge proofs to Google Wallet, allowing users to 
verify their age on websites without revealing personal details like 
birthdates. The privacy-enhancing feature marks a major step in making 
cryptographic identity tools more accessible—and more invisible—for everyday 
users.…

‘Privacy shouldn’t be a luxury’: Google adds ZKPs to Wallet for age checks

XYO Network has onboarded more than 10 million nodes to its decentralized 
physical infrastructure network (DePIN), co-founder Markus Levin told 
Cointelegraph in an interview.
The nodes mostly comprise human users who provide data in exchange for rewards 
via the network&#8217;s mobile application, COIN. &#8220;The vast majority of our 10 
million nodes are mobile users, but some are IoT devices like smart speakers,&#8221; 
Levin told Cointelegraph.
Approximately 80% of XYO&#8217;s users are non-crypto natives who are participating 
in Web3 for the first time, he added.
They include truckers, rideshare drivers, delivery people, and nurses among 
others, Levin said, adding that &#8220;95% convert after onboarding through the COIN 
app.&#8221;
_XYO launched a layer-1 blockchain network in January. Source:__XYO_
 _**Related:**__**DePIN XYO launches on Solana**_
## **DePIN Tokenomics**
In exchange for data, XYO awards its users points that are redeemable for its 
native XYO token, as well as &#8220;BTC, ETH or even gift cards,&#8221; he said.
In October 2024, XYO bridged its native token to Solana (SOL) in a bid to 
reach more users. The XYO token has a market capitalization of roughly $180 
million as of May 2, according to data from CoinMarketCap.
XYO earns revenue by collecting and validating data in sectors ranging from 
real-world assets (RWAs) to gaming. It then uses a portion of that income to 
buy back XYO.
In January, XYO launched its layer-1 blockchain, which collates real-world 
data from across XYO&#8217;s nodes onto a public ledger.
The network&#8217;s validators stake XYO and earn rewards denominated in XL1, the 
network&#8217;s newly-launched gas token.
_XYO has a market capitalization of around $180 million. 
Source:__CoinMarketCap_
DePINs are blockchain protocols aimed at decentralizing real-world 
infrastructure and systems, including communications networks, data 
warehouses, energy markets, and more.
They are among Web3&#8217;s &#8220;next big use case[s],&#8221; with the potential to onboard &#8220;a 
significant number of new users to the crypto space,&#8221; according to a September 
2024 report by MV Global, a Web3 investing firm.
According to MV Global, the DePIN ecosystem comprises upward of 1,000 projects 
and represents roughly $50 billion in total market capitalization.
_**Magazine: **__**10 crypto theories that missed as badly as &#8216;Peter Todd is 
Satoshi&#8217;**_

XYO Network tops 10M DePIN nodes — Co-founder

The U.S. economy added a higher-than-expected 177,000 jobs in April, sparking 
a rally in traditional markets as bitcoin climbed closer to $98K. Strong 
Employment Figures Push Bitcoin Toward $98K Threshold The U.S. Department of 
Labor surprised bearish economists when it published its highly anticipated 
jobs report on Friday, showing a stronger-than-expected 177,000 jobs added to 
[…]

Bitcoin Eyes $98K as Strong Jobs Report Buoys Markets

Bitcoin’s price is approaching major resistance zones while funding rates flip 
increasingly positive—an indication that long exposure is building up. But is 
this bullish pressure sustainable, or a sign of overheating? Bitcoin’s (BTC) 
current price movement is testing a key…