Crypto News. May 8, 2025

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DeFi

The U.S. OCC has confirmed that banks can provide crypto custody and execution services, including buying, selling, settlement, trade execution, and tax reporting, as long as they comply with relevant laws.

U.S. Federal Reserve held interest rates steady at 4.25%–4.50%, citing economic uncertainty and aligning with a wait-and-see approach as inflation stabilizes and growth slows

Ethereum completed its Pectra upgrade yesterday at epoch 364032 (6:05 a.m. ET), enhancing staking, user experience, validator operations, and scalability—its most significant update since the 2022 Merge.

Coinbase to buy ETH/BTC Options Exchange Derbit for $2.9B

Stripe introduced Stablecoin Financial account for on/off ramp of crypto accessible to 101 countries built on ETH

Zksync is now fully EVM equivalent

Polygon Agglayer gets a new addition, Polygon CDK OP stack, thanks to OP stack being open sourced, builders can now build OP Stack chains, with zk tech without 15% tax, or seven-day delays.