Slana&#8217;s Sonic SVM has introduced a novel token burn mechanism, aimed a boosting liquidity and rewarding holders.

Solana’s Sonic SVM chain introduces new burn mechanism to boost liquidity

Despite a 54% drop, Pi Network price prediction remains surprisingly bullish. 
Can PI defy market doubt and rebound? Pi Network price takes a hit Pi Network 
(PI) has recorded a 54% decline in the past week, marking the steepest weekly…

Pi Network collapses 54% in a week — yet analysts predict 250% upside

Following a slew of companies last week revealing similar plans, Digiasia 
Corp. announced a commitment to establish a bitcoin treasury reserve, 
potentially raising up to $100 million to acquire BTC, as its shares surged 
93% by 1 p.m. ET on Monday. Digiasia Eyes $100 Million to Build Bitcoin 
Treasury The fintech firm Digiasia Corp. (Nasdaq: […]

Publicly Traded Fintech Firm Digiasia Plans $100M Bitcoin Treasury Reserve, Shares Nearly Double

In one of his first speeches since becoming chair of the US Securities and 
Exchange Commission (SEC) in April, Paul Atkins addressed some of the 
regulatory concerns around the cryptocurrency industry.
In prepared remarks for a May 19 speech, Atkins said it was a &#8220;new day&#8221; for 
the crypto industry under the current leadership of the SEC. He suggested that 
the financial regulator would be more open to &#8220;adapt to and accommodate new 
developments&#8221; while still abiding by its statutes.
&#8220;The crypto markets have been languishing in SEC limbo for years,&#8221; said 
Atkins, adding: 
&gt; &#8220;While I have directed Commission staff across our policy Divisions to begin 
&gt; drafting rule proposals related to crypto, the staff continue to &#8216;clear the 
&gt; brush&#8217; through staff-level statements.&#8221;
Even before Atkins stepped into the role of SEC chair, the commission&#8217;s 
actions under Donald Trump suggested that it would radically depart from the 
direction of former chair Gary Gensler. In 2025, the SEC has dropped several 
investigations and enforcement actions against crypto companies and issued 
guidance on memecoins and security tokens.
_**Related:**__**CFTC commissioner to leave agency on May 31**_
&#8220;As I begin my tenure as Chairman, I can tell you that we are getting back to 
our roots of promoting, rather than stifling, innovation,&#8221; said Atkins. &#8220;The 
markets innovate, and the SEC should not be in the business of telling them to 
stand still.&#8221;
## Looking to Congress for market structure
Atkins&#8217; remarks came as US lawmakers considered draft legislation to establish 
a regulatory structure for crypto markets. The proposed bill, moving through 
the House of Representatives, could clarify the roles the SEC and Commodity 
Futures Trading Commission (CFTC) have in overseeing and regulating digital 
assets.
Until the legislation passes Congress and is signed into law, the SEC&#8217;s rules 
and guidelines over crypto could face pushback from affected parties.
The SEC chair has given opening remarks and overseen the commission&#8217;s 
roundtable events, discussing regulatory issues surrounding digital assets and 
blockchain. The next event, scheduled for June 9, will cover decentralized 
finance.
_**Magazine:**__**SEC &#8216;s U-turn on crypto leaves key questions unanswered **_

Paul Atkins: 'Crypto markets have been languishing in SEC limbo'

Circle is exploring potential acquisitions, primarily by Coinbase, according 
to Fortune. Circle Internet Financial, the issuer of USDC (USDC), is moving 
forward with its planned initial public offering. But behind the scenes, the 
stablecoin firm has engaged in informal sale…

Circle considering sale to Coinbase or Ripple amid IPO: report

Moody’s is now the third credit rating agency to downgrade the country’s debt 
after Standard &amp; Poor’s in 2011 and Fitch in 2023. Moody’s U.S. Rating Cut 
Sends Bitcoin Back Above $105K The U.S. lost its perfect credit rating on 
Friday after rating agency Moody’s downgraded U.S. debt from “Aaa” to “Aa1,” 
citing concerns about […]