Solana (SOL) price dipped 2.4% to $176.88 on Saturday, May 24, 2025, after briefly overtaking Binance Coin (BNB) as the 5th-ranked cryptocurrency on Friday. The move above $181 proved short-lived, as memecoin-driven volatility swept bearish headwinds toward SOL markets following a controversial dinner involving U.S. President Donald Trump. Can Solana price reclaim bullish momentum and target $210, or is a deeper correction looming? Solana Tumbles as Trump Memecoin Sparks Market Controversy Solana (SOL) rode a bullish wave to this week to hit news peaks above $185 on Friday, fueled by rising network activity and growing institutional demand. The SOL price breakout to $186 marked a new 60-day high, and lifted its market cap above the $95 billion mark, briefly surpassing Binance Coin (BNB) to securing 5th spot among top ranked crypto assets. Solana Price Action, May 24, 2025 | Source: Coingecko However, the euphoria faded after Trump’s memecoin dinner event… Read More at Coingape.com
The UK is planning to enact new crypto regulations, hoping to grow the domestic Web3 industry while protecting consumers. It will develop new policies in dialogue with US counterparts, including Scott Bessent.
However, the community has reacted with skepticism, as the Treasury emphasized its continued willingness to crack down on bad actors. Regardless of what lessons Britain takes from the US, it doesn’t seem interested in laissez-faire regulation.
In this environment, the UK’s own plans to reform crypto regulation bear similarities and differences:
“Through our Plan for Change, we are making Britain the best place in the world to innovate — and the safest place for consumers. Robust rules around crypto will boost investor confidence, support the growth of Fintech and protect people across the UK,” Rachel Reeves, Chancellor of the Exchequer, claimed.
The Treasury publicized several documents proposing some of the changes that may happen in UK crypto regulation. These changes are heavily influenced by US cooperation; Reeves personally met with Treasury Secretary Scott Bessent.
She also announced an upcoming UK – US Financial Regulatory Working Group to further coordinate policy goals. However, the Treasury’s messaging on UK crypto regulation has a decided focus on fighting bad actors.
In other words, the British Treasury seems to support pro-industry development without a laissez-faire attitude, which has prompted some community skepticism.
“Sad because it’s actually true. The UK can barely operate the basics, yet they want to lead the digital era? Delusional!” claimed The Crypto Professor in response to derisive social media statements about British crypto reform.
Still, it may be too early to count Britain out just yet. The government will publish an actionable plan to update crypto regulation in the UK by July, giving it plenty of time to set policy.
A lot could change in that time, especially if it’s coordinating with counterparts in the US. At the moment, it’s too soon to predict the outcome.
A Bitcoin Suisse board member has proposed that the Swiss central bank consider adding Bitcoin to its reserves. The suggestion highlights the potential advantages of including the cryptocurrency in the country’s financial strategy. By diversifying its assets, the Swiss central bank could benefit from Bitcoin’s growth, reinforcing Switzerland’s role as a pioneer in adopting digital assets. This proposal reflects the increasing interest in Bitcoin as a reliable store of value.
The post Bitcoin Suisse Board Member Urges Swiss Central Bank to Hold Bitcoin appeared first on Coinpedia Fintech News
A Bitcoin Suisse board member has proposed that the Swiss central bank consider adding Bitcoin to its reserves. The suggestion highlights the potential advantages of including the cryptocurrency in the country’s financial strategy. By diversifying its assets, the Swiss central bank could benefit from Bitcoin’s growth, reinforcing Switzerland’s role as a pioneer in adopting digital …
World (formerly Worldcoin) suffered a legal blow in Kenya after the High Court ruled that its biometric data collection practices violated constitutional privacy rights.
The court’s decision marks a landmark victory for digital rights advocates in the country and beyond and comes amid growing global scrutiny of the controversial crypto and identity project.
Kenyan High Court Slams Sam Altman’s World Over Privacy Violations
In a judgment delivered on Monday, Justice Aburili Roselyne granted a judicial review application filed by Kenya’s Katiba Institute. The court ordered the Worldcoin Foundation and its agents to terminate all biometric data processing.
The court also ruled that all previously collected data from Kenyan users should be permanently deleted.
“An order of prohibition [is issued] restraining Worldcoin Foundation and its agents from further processing, collecting or dealing in Biometric data without undertaking (or using an inadequate) Data Protection Impact Assessment… or using consent obtained by inducement of a cryptocurrency — Worldcoin,” Katiba Institute reported, citing the ruling.
The judge issued a certiorari order, effectively quashing World’s decision to collect and process such data in Kenya. She cited violations of Kenya’s Data Protection Act, 2019.
A third order of mandamus compels the foundation to delete all biometric data obtained within seven days permanently. The court called out Worldcoin for breaching the law in this regard. The Data Protection Commissioner will supervise the implementation of the order.
“High Court orders Worldcoin to delete biometric data collected in Kenya within 7 days,” local media reported.
High Court orders Worldcoin to delete all biometric data of Kenyans unlawfully collected using its orb, under the supervision of the Office of the Data Protection Commissioner pic.twitter.com/A6AiSSr1HD
ICJ Kenya, committed to protecting and promoting human rights, reiterated the news in a post. It highlighted the court’s determination that constitutional rights, especially the right to privacy, must be upheld even in the digital age.
“The Court affirmed that Worldcoin commenced data collection without valid consent from the Office of the Data Protection Commissioner (ODPC) and without conducting the required DPIA, in breach of Sections 25, 26, 29, 30, and 31 of the Data Protection Act, 2019,” wrote ICJ Kenya
This break comes nearly two years after the Katiba Institute filed the case in August 2023. The organization, which promotes the implementation of Kenya’s Constitution, challenged Worldcoin’s data collection practices.
Constitutional lawyer Joshua Malidzo Nyawa, who spearheaded the prosecution, did not immediately respond to BeInCrypto’s request for comment.
Worldcoin Collecting Biometric Data From Kenyans
In hindsight, the data collection process was controversial. As it happened, Worldcoin offered Kenyans $50 worth of WLD tokens per person. In exchange, they had to volunteer to scan their irises using the Orb device, effectively signing away their biometric data.
The institute argued that this inducement compromised the legitimacy of user consent. Specifically, it failed to meet Kenya’s legal thresholds for data protection.
“The owner of Worldcoin, Sam Altman, is banned from collecting this data in his home country, the US, why do we allow him in Kenya,” parliament majority leader Kimani Ichung’wah said.
The ruling is likely to reverberate across jurisdictions where World operates. Similar concerns have already led to regulatory suspensions in Indonesia. As BeInCrypto reported, authorities halted Worldcoin’s activities over potential violations of data protection laws.
Despite this growing resistance, the project is pushing forward in the US. It recently launched in six cities, including Atlanta, Los Angeles, and San Francisco.
These legal developments had a swift impact on investor sentiment. Worldcoin’s native token (WLD) dropped nearly 10% in the past 24 hours. According to BeInCrypto price data, WLD was trading at $0.88 as of this writing.
