From Meta’s renewed curiosity in getting into crypto to CZ confirming a submitting for presidential pardon, here’s a roundup of the highest crypto tales you’ll have missed.
Meta, the mother or father firm of social media apps Fb, Instagram, and Threads, is quietly re-entering the crypto area three years after abandoning its high-profile Libra mission, which was derailed by political backlash. The corporate is now exploring the usage of stablecoins, that are cryptocurrencies pegged to conventional belongings just like the U.S. greenback, for cross-border payouts.
It has employed Ginger Baker, a veteran within the monetary know-how trade with ties to the Stellar Improvement Basis, as vice chairman of product to information this initiative.
Discussions with a number of crypto infrastructure companies are nonetheless in early phases, with Meta reportedly aiming to make use of stablecoins to scale back transaction prices, significantly for creators on platforms like Instagram.
Transfer-to-Earn Sport Sweat Unveils AI Agent
Transfer-to-earn app Sweat introduced Mia, a brand new AI agent designed to help customers with each health and crypto-related duties.
Built-in into the Sweat Pockets app, Mia affords a conversational interface that helps customers navigate options like incomes and swapping $SWEAT throughout a number of supported blockchains.
The AI assistant is powered by Close to Protocol’s AI infrastructure and is a part of Sweat’s broader push to simplify consumer engagement with web3 applied sciences. Sweat’s plans on having an AI agent have been introduced as early as the primary quarter of the yr.
Quick for “Motion in Motion,” Mia is predicted to exchange clunky interfaces and tutorials with intuitive chat-based steering tailor-made to particular person exercise and preferences. Customers can ask questions in plain language and obtain personalised help, together with health solutions and monetary suggestions.
USDT Launches on Kaia, Integrates on LINE
Tether launched its dollar-pegged stablecoin, $USDT, natively on the Kaia community by a partnership with the key blockchain and LINE NEXT .
The mixing allows LINE’s 196 million month-to-month customers to make use of $USDT for in-app funds, cross-border transfers, and decentralized finance actions straight throughout the LINE Messenger surroundings by the messaging app’s Mini Dapp Ecosystem and self-custodial wallets.
In a press release, the companies concerned famous that the collaboration positions Kaia and LINE NEXT as a key gateway for U.S. dollar-backed stablecoins within the area, streamlining fiat-to-digital asset entry and accelerating stablecoin-powered web3 providers.
Celsius Founder Sentenced to 12 Years in Jail
Alexander Mashinsky, the founder and former CEO of Celsius Community, was sentenced to 12 years in jail after being convicted of defrauding prospects by falsely assuring them their crypto deposits have been secure whereas secretly making dangerous and uncollateralized bets.
U.S.District Choose John Koeltl described the crimes as “extraordinarily severe,” noting that Mashinsky personally gained over $45 million whereas many purchasers misplaced all the things.
Prosecutors known as Mashinsky a predator who “preyed on hope,” deceiving customers from the outset to lure of their life financial savings beneath the promise of stability and excessive returns. Regardless of his emotional apology in court docket, the decide emphasised the lasting hurt achieved to 1000’s of victims, a few of whom by no means lived to see justice served.
CZ Confirms He Utilized for Presidential Pardon
Crypto trade large Binance’s co-founder and former CEO, Changpeng Zhao, confirmed that he has formally utilized for a presidential pardon from U.S. President Donald Trump.
Talking on the Farohk Radio podcast, Zhao mentioned the choice to use got here after media stories in March 2025 recommended that he was pursuing a pardon and concerned in enterprise talks linked to the Trump household, which have been the claims he beforehand denied.
Zhao served a four-month jail sentence in 2024 after pleading responsible to failing to take care of an efficient anti-money laundering program at Binance, leading to a $50 million wonderful and a $4.3 billion settlement with U.S. authorities.
This text is revealed on BitPinas: Crypto News You May Have Missed | May 10, 2025
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