Chris Murithi

6 days ago | cryptotale.org | Chris Murithi

Ripple will pay $50 million to settle the SEC case over alleged unregistered XRP sales. The SEC will return over $75 million from escrow funds to Ripple after court approval. The agreement ends a multi-year legal dispute and avoids further appeals from both parties. The U.S. Securities and Exchange Commission has moved to settle its long-running legal case against Ripple Labs. The agency filed a motion on May 8 requesting that a federal court in Manhattan approve the terms of the agreement.

6 days ago | cryptotale.org | Chris Murithi

Meta is exploring stablecoin integration to lower costs for platform-based creator payouts. The company may adopt a multi-token approach, including USDT and USDC stablecoin support. Talks follow Meta’s crypto reentry as U.S. policy warms toward stablecoin innovation. Taking an innovative step, Meta has proposed to integrate stablecoin payments into its platforms, marking a possible return to digital assets after shelving its earlier Diem project.

1 week ago | cryptotale.org | Chris Murithi

The Federal Reserve retained interest rates at 4.25%–4.5% amid rising economic uncertainty. Labor market conditions remain strong while inflation stays above the Fed’s 2% long-term target. The Fed warned of higher risks to both employment and inflation amid global trade tensions. The U.S. Federal Reserve has decided to keep interest rates steady, maintaining the federal funds rate between 4.25% and 4.5% amid ongoing concerns over inflation and economic uncertainty.

1 week ago | cryptotale.org | Chris Murithi

Arizona becomes the second U.S. state to legalize a crypto reserve for unclaimed digital assets. HB 2749 allows the state to retain crypto in native form and earn staking rewards or airdrops. Governor Hobbs signed the bill days after vetoing a broader proposal to invest public funds in crypto. Arizona has officially become the second U.S. state to pass a cryptocurrency reserve bill into law. On Wednesday, Governor Katie Hobbs signed House Bill 2749.

1 week ago | cryptotale.org | Chris Murithi

The CFTC has dropped its appeal, allowing Kalshi to legally offer political prediction markets. A federal judge ruled the CFTC overstepped in blocking Kalshi’s event contract offerings. Kalshi now plans market expansion after securing a legal win for prediction trading platforms.