Crypto

Trading was briefly halted for the Peter Thiel-backed crypto exchange as shares rallied well above its IPO price.

First Vlad Tenev blew up the brokerage industry’s fee model. Now, thanks in part to his full-on crypto embrace, he has increased his fortune sixfold to $6 billion as he embarks on a global financial services takeover with tokenized stocks, AI-powered investing and a bid to own the rails of the looming $124 trillion generational wealth transfer.

The Senate advanced regulations for stablecoins earlier this week, following support from the broader crypto industry.

Crypto is riding high once again, but investors still need to be careful about where they put their money.

Sydney startup Relume is the AI website creator behind www.gettrumpmemes.com, the official domain for President Trump’s controversial $Trump meme coin.

Separately, shares of Trump’s other publicly traded eponymous entity, Trump Media & Technology Group, dropped more than 10% in the first day of trading following Trump’s inauguration.

The president-elect’s latest venture into crypto comes just days before his inauguration.

The tech companies have delisted apps developed by a Cambodian company accused of running a multi-billion dollar market for illicit fraud services on Telegram.

Disgraced former crypto billionaire Sam Bankman Fried is serving a 25-year sentence in New York City’s Metropolitan Detention Center. He’s learning about such things as sports gambling and a drug called “deuce,” and he badly misses his teddy bear Manfred.

Coinbase’s Brian Armstrong created one of crypto’s central players, a fee-gushing monster that holds more than a tenth of all the Bitcoin ever minted. But now, in the cause of “decentralization,” he’s pursuing a new path.