- President Donald Trump found himself at the center of a cryptocurrency scandal: his token $TRUMP and the company World Liberty Financial raised $148 million from investors, including foreign nationals. Simultaneously, under his administration, investigations by the SEC and DOJ into crypto figures, including Justin Sun, were reportedly halted — raising concerns about ethics and national security.
- Crypto investor John Woeltz has been charged with kidnapping and torturing an Italian tourist in New York City to gain access to a bitcoin wallet password. The victim was held for two weeks, subjected to abuse, and managed to escape on May 23.
- Major U.S. banks — including JPMorgan and Bank of America — are in early talks to launch a joint stablecoin, aiming to compete with cryptocurrencies and improve cross-border payments. The initiative depends on regulatory approval and client demand.
- New York City Mayor Eric Adams and crypto investors are calling for the relaxation of BitLicense regulations, claiming they hinder innovation. Adams proposed creating the city’s first Digital Asset Advisory Council.
- Google launched AI Mode, a new Gemini 2.5-powered search experience that delivers answers in dialogue format. This could reduce traffic to websites like Reddit — whose stock fell 5% after the announcement.
- At Google I/O 2025, the company introduced SynthID Detector, a tool designed to identify AI-generated content produced using Google platforms, increasing transparency in generative media.
- The Bezos Earth Fund announced 24 initial grantees for its AI for Climate and Nature Grand Challenge, distributing $100 million in funding to projects using AI to address environmental challenges.
- In the UK, demand for home robots is rising: 1 in 10 households now use robot vacuum cleaners, and 1 in 7 plan to buy one in 2025 — particularly among people aged 25–34.
Crypto Digest from MINE.exchange (May 19–25)
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