Micah Zimmerman

6 days ago | crypto.news | Micah Zimmerman

Share Synthetix has launched a new liquidity initiative aimed at stabilizing its algorithmic stablecoin sUSD, which has been trading well below its intended $1 peg. The “sUSD 420 Pool,” Announced by founder Kain Warwick on X, the pool will reward participants with 5 million SNX tokens over 12 months in an attempt to curb the effects of the ongoing depeg. sUSD dropped to $0.8224 as of April 18, up over 7% in 24 hours, according to CoinGecko. It was trading as low as $0.63.

6 days ago | crypto.news | Micah Zimmerman

Share Kraken has introduced a new asset class to its derivatives platform in an effort to expand past crypto. The exchange announced the launch of forex perpetual futures (FX perps) with initial support for EUR/USD and GBP/USD trading pairs. Forex perpetual futures are a form of derivative contract enabling traders to speculate on the price changes of foreign exchange (forex) currencies, offering the advantage of no expiration date.

6 days ago | crypto.news | Micah Zimmerman

Share Brazil’s federal court has sentenced three members of the collapsed crypto scheme Braiscompany to a combined 171 years in prison, marking one of the country’s harshest penalties in a financial fraud case. Joel Ferreira de Souza, identified as the main operator of the pyramid scheme, was sentenced to 128 years, 5 months, and 28 days in prison after being convicted on 11 counts of money laundering, according to local reporting.

6 days ago | crypto.news | Micah Zimmerman

Share The Oregon Attorney General filed a lawsuit against Coinbase that echoes the SEC’s lawsuit from 2023. The lawsuit, just like the SEC’s prior suit, alleges that the cryptocurrency exchange operated as an unregistered securities platform and offered staking services without appropriate registration, according to Coinbase. This state-level action comes shortly after the U.S. Securities and Exchange Commission dismissed its federal lawsuit against Coinbase in February 2025.

6 days ago | crypto.news | Micah Zimmerman

Share Ivan Soto-Wright urged Congress in an open letter to ensure fair competition between state and federal stablecoin issuers in upcoming legislation. The MoonPay CEO voiced support for preserving state regulatory authority over stablecoin issuers, urging Congress to adopt key amendments proposed by the Conference of State Bank Supervisors to the GENIUS and STABLE Acts.