Texas Bitcoin Bill, Kraken 24/7 Stock Trading, Banks’ Stablecoin Plan

The crypto world moves fast. Blink, and you might miss something big. That’s where we come in. With updates from StealthEX and CryptoDaily, we bring you the news that really matters. From token launches to market shifts, it’s all here—short, clear, and easy to follow. Whether you’re a beginner or a pro, this weekly recap keeps you in the know.

Texas Pushes to Add Bitcoin to State Treasury

Texas may soon become the third U.S. state to officially hold Bitcoin. A bill called SB 21 just cleared its second reading in the House with 105 lawmakers voting in favor and only 23 against. If it passes one more vote and gets the governor’s approval, it becomes law.

The bill proposes setting up a state Bitcoin reserve. If approved, Texas would buy and manage Bitcoin through its comptroller’s office. State funds could be used to operate the reserve, and the comptroller could buy, hold, and sell Bitcoin for the state.

The proposal doesn’t just focus on Bitcoin. It was updated to make it harder for other cryptocurrencies to qualify. Altcoins would now need to stay above a $500 billion market cap for two years straight to even be considered. That’s a high bar.

Other states have tried similar moves. Some, like Arizona, gave partial approval. Others, like Florida, couldn’t get the final votes. But Texas is now further along than most.

It’s a bold step toward putting digital money into government hands. Let’s see where it leads.

Kraken to Launch Round-the-Clock Trading for Top Tech Stocks

Kraken is getting ready to bring Apple, Tesla, and Nvidia stocks to the blockchain. The crypto exchange plans to roll out digital versions of these major companies’ shares. This will let people outside the U.S. trade them any time, day or night.

These new assets, called xStocks, will be backed 1:1 by real shares. That means each token reflects the actual value of the stock it represents. The trading will happen on the Solana blockchain, chosen for its speed and low costs.

At first, this service will be available only to users outside the U.S. Kraken plans to focus on Europe, Asia, Latin America, and Africa. No U.S. launch is scheduled due to unclear rules around tokenized securities.

The exchange won’t stop with just three companies. More than 50 tokenized stocks and ETFs are on the way. These include big names like the S&P 500 ETF and gold-backed funds.

Tokenized stocks work like regular shares but live on a blockchain. They can be traded all week, without waiting for markets to open. For global investors, that’s a major shift.

Kraken’s move could make traditional finance more flexible. It’s another sign that the line between crypto and Wall Street keeps getting thinner.

Ethereum’s message is clear: security isn’t just a feature. It’s the foundation of the future.

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Big U.S. Banks Quietly Plan Their Own Digital Dollar

Some of America’s biggest banks are meeting behind closed doors. The topic? A shared digital dollar. According to insiders, JPMorgan, Citigroup, Wells Fargo, and Bank of America are looking into launching a joint stablecoin.

These banks have stayed cautious about crypto for years. But now they see change coming fast. Tech firms and crypto startups are gaining ground in payments. Stablecoins, tied to the U.S. dollar, are already being used for fast, cheap transfers.

The fear? Losing control. If the banks don’t act, they risk being left behind.

The plan being discussed could include a shared infrastructure. That would let other banks join in later. Even regional banks might take part or create their own version to stay relevant.

This comes as the U.S. Senate advances the GENIUS Act. That bill could lay out clear rules for stablecoins. Former President Donald Trump has also voiced strong support for crypto, calling it a way to boost the dollar’s global power.

Nothing’s official yet. But the message is clear. The banks are moving—not to innovate, but to protect their turf. And this time, they might not wait until it’s too late.

Trump’s Crypto Gala Draws Celebrities and Controversy

Donald Trump hosted a dinner that’s got everyone talking—for all the wrong reasons. Held at his golf course near Washington DC, the event welcomed over 220 holders of the TRUMP memecoin. Among the guests were NBA star Lamar Odom and crypto mogul Justin Sun.

Odom shared his excitement on X before entering the gala. Sun, who leads the Tron blockchain, revealed he’s the largest holder of the TRUMP token. He thanked Trump for backing the crypto industry, calling it an honor to attend the dinner.

Trump didn’t hold back in his speech. He blasted the previous administration for making life hard on crypto firms, calling their actions a disgrace.

But not everyone was impressed. Lawmakers slammed the event. Senator Elizabeth Warren called it pure corruption. She accused Trump of using crypto to sell influence and warned that the dinner sent a dangerous message to foreign powers.

Other critics said Trump was putting national security at risk. They accused him of mixing politics, crypto, and personal gain.

The White House distanced itself from the event, saying it was held in Trump’s personal time. Still, the dinner has stirred concern on Capitol Hill. Regulators fear Trump’s crypto ties are complicating key policy talks.

Coinbase Hacker Taunts Investigator as Millions Are Laundered

A hacker tied to the Coinbase data breach has returned—and they’re making it personal. On May 22, the attacker sent a message on the Ethereum blockchain aimed at blockchain sleuth ZachXBT. The short insult, “L bozo,” came with a meme video and a fresh round of money laundering.

Right after the taunt, the hacker swapped $42.5 million worth of Bitcoin for Ethereum using Thorchain. Then they moved nearly 8,700 ETH to another wallet and turned most of it into the DAI stablecoin.

The wallet involved has been flagged by analysts and linked directly to the December 2023 Coinbase breach. That attack exposed sensitive data from more than 69,000 users. While passwords and crypto wallets remained safe, personal ID documents and emails were stolen.

The hacker had demanded a $20 million ransom. Coinbase refused, offering a reward instead for any tips that lead to an arrest. Now the attacker is laundering the money in public view.

Coinbase has responded by tightening security and creating a new support center in the U.S. The company says costs from the breach could hit $400 million. Meanwhile, the Department of Justice is digging into the case as pressure mounts to catch whoever’s behind it.

Fake Blockchain Startup Lands Founder in Deep Trouble

Jeremy Jordan-Jones is facing serious prison time. The man who claimed to run a promising blockchain company called Amalgam has now been charged with fraud. U.S. federal prosecutors say the startup was fake—and so were its big promises.

From 2021 to 2022, Jordan-Jones pitched Amalgam as a tech firm ready to shake up the market. He told investors about deals with major sports leagues and payment platforms. But those deals never existed.

Instead of building the company, he allegedly used investor money for himself. The charges say he lied about everything—from finances to fake bank balances. In one case, he claimed to have $18 million in a bank account that had already been closed.

Authorities believe he collected more than $1 million through lies. He even tried to get a corporate credit card using forged paperwork.

The list of charges is long: wire fraud, securities fraud, identity theft, and lying to banks. Each could mean years in prison. The Justice Department also wants to seize any property bought with the stolen money.

This case adds to growing concerns about scams in the crypto world. Regulators are watching more closely, especially as digital finance continues to grow with little oversight in place.

Argentina Shuts Down Crypto Scandal Probe, Sparking Outrage

Argentina’s president has ended the investigation into a failed crypto project tied to his own public support. On May 19, President Javier Milei signed a decree shutting down the task force that was looking into the Libra memecoin scandal.

The Libra token gained sudden attention last year after Milei endorsed it online. The hype pushed the coin’s price from nearly zero to $5. But it quickly crashed, wiping out around $250 million in investor money. Many saw it as a classic pump-and-dump scheme.

The now-dissolved investigative unit had been gathering evidence and tracking the roles of Milei and his sister. Official documents claim the group “completed its work,” but no results were shared. Opposition leaders are calling the move a cover-up.

A congressional committee also started its own review. But efforts stalled after top officials, including the justice minister, ignored court orders to appear. No answers have been given to the public.

Polls show public trust in the president has dropped sharply. Over half of Argentinians now say they don’t believe him. Milei insists he just shared information, not investment advice.

Still, the sudden end to the investigation has left many asking the same question—what are they trying to hide?

DOJ Investigates Coinbase Hack After $20M Ransom Demand

The U.S. Justice Department has launched a criminal probe into a cyberattack targeting Coinbase. The breach exposed sensitive internal files and data from a small portion of users. The attacker demanded $20 million to keep the information private.

Coinbase refused to pay. Instead, the company offered a $20 million reward for help catching the hacker. According to officials, the breach came to light on May 11, when the attacker contacted the exchange with proof of the stolen data.

About 1% of Coinbase’s users were affected. Exposed details included names, email addresses, and masked financial info. Passwords and wallets remained untouched.

Early findings point to insider bribery. Investigators believe someone working at an overseas support partner may have granted access to private systems in exchange for cash. This backdoor access allowed the attacker to steal both employee records and customer data.

Coinbase says it’s not under investigation. Instead, federal agents are focused on the people behind the attack. Security measures have since been tightened. New protocols, better background checks, and a U.S.-based support center are now in place.

Costs tied to the breach could reach $400 million. Still, Coinbase insists that user funds remain safe as authorities continue tracking the cybercriminals.

Senate Pushes Forward on U.S. Stablecoin Regulation

The U.S. Senate just took a major step toward regulating stablecoins. On Monday night, lawmakers voted 66–32 to move the GENIUS Act forward. If passed, it would become the country’s first law focused on digital assets tied to fiat currencies.

The bill has had strong support from both parties. Talks began back in March, with the Senate Banking Committee giving its approval. But political tension grew after former President Donald Trump’s name surfaced in crypto-related news.

To keep momentum, lawmakers rewrote parts of the bill over the weekend. Sixteen Democrats joined Republicans to push the measure through a key procedural vote.

Still, not all Democrats are on board. Senator Elizabeth Warren spoke out strongly against the bill. She warned it would make the crypto market riskier and accused Trump of using it for personal gain. In a heated exchange, Warren challenged fellow Democrat Kirsten Gillibrand, who supported the bill.

In the end, the motion passed with support from both sides. Even some moderate Democrats gave it the green light. Now the bill moves closer to a final vote.

If approved, it would lay out how stablecoins should be issued and overseen. Lawmakers are watching closely as crypto moves deeper into traditional finance.

This article is not supposed to provide financial advice. Digital assets are risky. Be sure to do your own research and consult your financial advisor before investing.

Tags: Bitcoin crypto hack crypto world CryptoDaily stablecoin