Sam Altman's human verification crypto project World is launching in the US

Hottest crypto news: Sam Altman's World launches in the U.S., Ethena brings its synthetic stablecoins to TON, Metaplanet plans to establish a U.S. subsidiary and more

Good morning! Crypto is trading hotter than the desert heat of Dubai at TOKEN2049, with bitcoin back above $97,000 and green candles lighting up almost across the board.

The question is: are we so back, or is it time to sell in May and walk away?

In today's newsletter, Sam Altman's human verification crypto project World is launching in the U.S., Ethena brings its synthetic stablecoins to TON, Metaplanet plans to establish a U.S. subsidiary and more.

Meanwhile, Coinbase said it will suspend trading of Movement's token on May 15 amid the recent controversy surrounding "market maker abnormalities" — seeing MOVE plunge to a new all-time low.

Let's get started.

Sam Altman's World eyes U.S. rollout

World, previously known as Worldcoin, is launching in the United States. The project founded by OpenAI CEO Sam Altman enables users to verify their personhood via the crypto project's infamous eyeball-scanning Orbs to establish a World ID and earn WLD tokens.

Ethena brings its synthetic stablecoins to TON

Ethena Labs and the Ethena Foundation have partnered with the TON Foundation to introduce synthetic stablecoins USDe and sUSDe into TON's blockchain ecosystem, which is closely tied to the messaging app giant Telegram.

Metaplanet plans U.S. subsidiary, $250 million raise to accelerate bitcoin treasury strategy

Japanese investment firm Metaplanet plans to establish a wholly-owned U.S. subsidiary in Miami, Florida, this month as part of its ongoing global expansion strategy.

JPMorgan's blockchain unit expands into MENA with 8 major bank deals

JPMorgan's Kinexys blockchain platform has expanded its footprint in the Middle East and North Africa, securing partnerships with eight of the region's leading banks, including Qatar National Bank and Saudi National Bank, to power cross-border payments, treasury functions and transaction efficiency.

Eric Trump says crypto will leave big banks 'in the dust'

World Liberty Financial Web3 Ambassador Eric Trump said crypto will leave big banks "in the dust," claiming their refusal to innovate and their hostility toward political outsiders will lead to their downfall.

In the next 24 hours

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