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Donald Trump criticizes banks over stalled Senate crypto bill and stablecoin yields
On Tuesday, United States President Donald Trump criticized banks for blocking progress on the Senate’s crypto market structure legislation over restrictions on stablecoin yield payments. He warned that attempts to undermine the GENIUS Act and delay the CLARITY Act are unacceptable, and urged banks to reach an agreement with the crypto industry. Lawmakers and industry groups remain divided over whether the bill should ban all stablecoin yield, leaving the legislation stalled in the Senate.
Selezionato
STABLE
STABLE-2.25%
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Core Scientific stock slips as Q4 2025 revenue drops 16% and misses Wall Street forecast
On Monday, Core Scientific shares closed lower after the Bitcoin mining and AI compute firm reported fourth-quarter revenue of $79.8 million, a 16% year-over-year decline that fell short of the $90.4 million analyst estimate. The company posted net income of $216 million driven by a $330.3 million non-cash fair value gain, while adjusted EBITDA showed a $42.7 million loss and crypto mining revenue dropped to $42.2 million. Rival miner Riot Platforms also missed quarterly revenue expectations, reporting $152.8 million in Q4 sales, up 7% from the prior year.
BTC
BTC+7.17%
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Uniswap and Hayden Adams win dismissal of class action over alleged rug pull tokens
On a Monday ruling, Manhattan federal judge Katherine Polk Failla dismissed with prejudice a class action that tried to hold Uniswap Labs and its founder Hayden Adams liable for scam tokens allegedly involved in rug pulls and pump-and-dump schemes on the protocol. The suit, originally filed in April 2022 and amended in May after an earlier dismissal, failed to show Uniswap knew of or substantially assisted fraud by third-party token issuers.
UNI
UNI+2.39%
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2-23
Elliptic flags five crypto exchanges aiding Russia's sanctions evasion
In a report published on Saturday, blockchain analytics firm Elliptic said five platforms—Bitpapa, ABCeX, Exmo, Rapira and Aifory Pro—are facilitating ruble-to-crypto conversions used by sanctioned Russian entities. Elliptic linked the network's rise to the March takedown of Garantex's website and highlighted flows including at least $11 billion at ABCeX, $19.5 million tied to Exmo, and $72 million involving Rapira.
2-23
2-18
Nevada sues Kalshi in state court after Ninth Circuit clears path for regulator action
The state of Nevada has filed a civil enforcement lawsuit against prediction market firm Kalshi in state court after the U.S. Court of Appeals for the Ninth Circuit denied Kalshi's request to block state regulatory action. Kalshi is seeking to move the case to federal court, arguing it falls under the exclusive jurisdiction of the Commodity Futures Trading Commission, while Nevada's gaming regulator claims the firm offers unlicensed sports wagering in violation of state law. The dispute follows a cease-and-desist order issued last year that led to earlier federal court proceedings over Kalshi's sports event contracts.
2-18
2-18
eToro stock jumps 20% as crypto revenue drives stronger-than-expected Q4 2025 earnings
Trading platform eToro saw its shares close 20.4% higher at $33.07 on Tuesday after posting a fourth-quarter 2025 earnings beat, with results largely powered by its crypto business. The firm reported Q4 net income of $68.7 million, earnings per share of $0.71 and revenue of $3.87 billion, most of which came from $3.59 billion in crypto-related revenue, while full-year figures also showed solid growth.
2-18