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Liquid Staking Derivatives See 110,000 ETH Inflow Over 12 Days

[May 29, 2024 9:14 AM] While liquid staking protocols experienced a brief period of withdrawals, the past 12 days have seen liquid staking derivatives (LSDs) platforms gain 110,000 ether valued at $417.59 million. Swell Experiences Decline as Lido and Others See ETH…

Bank of Israel Launches Digital Shekel Challenge

[May 28, 2024 10:21 PM] The Bank of Israel has announced the Digital Shekel Challenge, inviting various entities — private companies, public sector organizations, and academic institutions — to participate in the digital shekel’s experimental environment. The…

US Jury Convicts Two in $8M Crypto-Linked Dark Web Drug Scheme

[May 28, 2024 8:28 PM] A federal jury in Salt Lake City convicted Oluwole Adegboruwa and Enrique Isong, foreign nationals, of multiple drug-related charges. From 2016 to 2019, they generated over $8 million in cryptocurrency, including bitcoin and ethereum. Adegboruwa…

Tokyo-Listed Metaplanet to Buy Additional Bitcoin for Its Treasury

[May 28, 2024 6:41 PM] Metaplanet, a publicly traded corporation listed on the Tokyo Stock Exchange, announced on Tuesday that its board of directors passed a resolution to purchase an additional 250 million yen (approximately $1.6 million) worth of bitcoin. For BTC held…

UK Digital Bank Blocks Clients From Performing Crypto Transactions

[May 28, 2024 12:30 PM] The London-based digital bank Kroo has barred its clients from engaging in cryptocurrency transactions, joining other U.K.-based banks in this decision. The bank cites the increasing cases of online fraud incidents involving cryptocurrencies as the…