Cardano’s Hoskinson Rejects Crypto Tribalism, Reveals Fresh Details on Massive ‘Glacier Drop’

According to BlockBeats, on May 15th, Bo Hines, Executive Director of the US Presidential Advisory Council on Digital Assets, stated in Consensus 2025 that Trump is expected to sign the stablecoin and market structure bill before the August congressional recess, although details are still being adjusted. He responded to the Trump family's involvement in cryptocurrency business by stating that the president's children are legal and compliant as private investors, and emphasized that 'the president cannot be bought off'. He also revealed that the White House is still committed to promoting strategic Bitcoin reserves. （CoinDesk）

According to The Block, trading platform eToro went public on NASDAQ on Wednesday, with its stock price rising by 29%. Prior to this, the company conducted an expanded initial public offering at a price of $52 per share. According to Yahoo Finance data, the company's stock code is ETO, closing at $67, providing cryptocurrency and stock trading services. EToro announced on Tuesday that the issuance includes approximately 11.9 million Class A common shares, of which about half will be sold by the company and the remainder will be sold by existing shareholders. Goldman Sachs, Jefferies, UBS Investment Bank, and Citigroup led the underwriting, with Deutsche Bank Securities, Cantor, and Bank of America Securities also participating.

According to The Block, Democratic members of the US House of Representatives have officially requested the Treasury Department to submit a report on suspicious financial activities related to the Trump family's cryptocurrency project, World Liberty Financial (WLF), and its associated Meme coin. The focus of the investigation includes the correlation between the $75 million investment in WLF by Sun Yuchen, founder of TRON, and the SEC's suspension of litigation, the compliance of the use of WLF stablecoin USD1 in Binance's $2 billion transaction, and the potential transfer of benefits for Trump Meme coin holders invited to attend the presidential dinner. This investigation also involves the political action committee supported by Musk and the Republican fundraising platform WinRed. Democratic Congressman Ritchie Torres proposed legislation last week to prohibit the President and members of Congress from profiting from Meme coins. Senators Elizabeth Warren and others have called for a review of Trump's relationship with Binance. The Ministry of Finance has not yet responded to this.

According to Bloomberg, Brian Armstrong, CEO of Coinbase Global Inc., stated on Bloomberg TV on Wednesday that the company is still monitoring merger opportunities after reaching an agreement earlier this month to acquire derivatives exchange Deribit for $2.9 billion. He pointed out that the company has a strong balance sheet and as a listed company, it has working capital available for mergers and acquisitions. However, it will choose carefully and seek the right timing to act. Armstrong specifically mentioned that the company pays special attention to the international market, targeting companies whose ideas align and can drive the development and growth of Coinbase products. When asked if Coinbase would consider acquiring stablecoin issuer Circle (with whom Coinbase had previously reached a revenue sharing agreement), he responded that "there is no news to announce today".

JUST IN: Twitter Founder Jack Dorsey says "small businesses can be their own bank" using Bitcoin.