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First Mover Asia: Crypto's Rotating Profits

[May 16, 2023 7:08 PM]

DLT-Powered Financial Markets Could Save $100B Per Year, TradFi Study Says

[May 16, 2023 5:01 PM] The Global Financial Markets Association called for regulators to be more open to the tech underpinning cryptocurrency

UK Lawmaker Group Clashes With Treasury Over Treating Unbacked Crypto as Gambling

[May 16, 2023 5:01 PM] The U.K. Treasury Committee seemingly opposed the government’s proposal to recognize crypto as regulated financial activities.

SEC Can't Seal Docs Tied to Hinman's Ether Speech, Judge in Ripple Suit Rules

[May 16, 2023 4:25 PM] The SEC and Ripple have sparred for months over a set of documents related to Bill Hinman's 2018 speech on securities law and ether.

Lightning Labs Releases 'Better' Version of Token Minting on Bitcoin After BRC-20s Clog System

[May 16, 2023 3:50 PM] The project formerly known as "Taro" has been rebranded "Taproot Assets" after Lightning Labs was hit with a trademark infringement lawsuit. The new offering comes with a "core set of features to bitcoinize the dollar," according to the firm.

Bitcoin Slides Below $27K as Investors Eye Debt Ceiling Negotiations

[May 16, 2023 3:21 PM] Treasury Secretary Janet Yellen warned the U.S. could breach its debt limit by June 1, potentially setting off a recession in the event of default.

Balancer Might Arbitrage Itself to Rescue Inverse Finance’s Frozen Crypto

[May 16, 2023 1:40 PM] Automated market maker Balancer is working with a trio of DeFi protocols to rescue crypto frozen since Euler's massive hack.

Surge in Ordinal Inscriptions Ignites Exponential Growth in BRC20 Token Economy

[May 16, 2023 1:30 PM] Over the past four days, there has been a surge in Ordinal inscriptions, and as a result, the BRC20 token economy has experienced significant growth with over 10,000 additional coins. The current value of the BRC20 token economy now stands at…

Ledger Bats Back Criticism of New Wallet Recovery Service

[May 16, 2023 12:30 PM] “You’re saying this is not what customers want. Actually, this is what future customers want,” said Ledeger CEO Pascal Gauthier.

Bitcoin’s Ordinal Inscriptions Surpass 7 Million Mark, Fueling the Trend’s Unstoppable Momentum

[May 16, 2023 11:30 AM] On May 15, 2023, the number of Ordinal inscriptions surpassed the 7 million mark and as of 9:00 a.m. Eastern Time on Tuesday morning, 7,204,882 Ordinal inscriptions have been added to the Bitcoin blockchain. Miners have collected 1,324 bitcoin in…

Optimism, Scaling Solution for Ethereum, Sets June Date for Biggest Ever Upgrade, ‘Bedrock’

[May 16, 2023 11:11 AM] The Bedrock hard fork, proposed earlier this year and approved by the Optimism community in April, is supposed to bring a “new level of modularity, simplicity and Ethereum equivalence.”

Origin Protocol Enters Competitive Ether Yield Market With OETH Offering

[May 16, 2023 10:00 AM] OETH is a yield-bearing, ether-pegged token, offering an easy way to maximize yield from ETH staking using protocols such as Curve Finance.

Bitcoin Miner Cormint Raises $30M Series A to Build Texas Data Center

[May 16, 2023 9:19 AM] Executives of Nasdaq-listed semiconductor firm Silicon Laboratories participated in the round.

Okx Introduces New Ordinals Marketplace Amid Bitcoin Inscription and BRC20 Buzz

[May 16, 2023 8:30 AM] On Tuesday, the crypto firm Okx announced the launch of a new Ordinals marketplace. The platform is accessible via the Okx Wallet and will enable users to mint and trade Ordinal inscriptions and BRC20 tokens. While the Ordinals marketplace is still…

Crypto Wallet Bitski Taps Hardware Wallet Ledger To Make Web3 More Secure

[May 16, 2023 8:00 AM] The browser-extension wallet is integrating support for Ledger to help users navigate decentralized applications while keeping their assets safe.

Bitcoin Financial Services Provider River Announces $35 Million Series B Fundraising Round

[May 16, 2023 7:50 AM] Bitcoin technology and financial services company, River, has announced a successful $35 million equity round in its Series B fundraising effort. Led by Kingsway Capital, the round also saw participation from notable investors such as Peter Thiel…

Peter Thiel Backs Bitcoin Startup River in $35M Round

[May 16, 2023 7:38 AM] The Series B round for the Bitcoin financial services provider was led by Kingsway Capital.

Bitcoin Miner Marathon Digital-Linked Startup Auradine Raises $81M

[May 16, 2023 7:36 AM] The Bitcoin miner backed the web infrastructure startup, and CEO Fred Thiel sits on the board.

Bitcoin's Realized Price on Cusp of Flashing Major Bullish Signal

[May 16, 2023 7:06 AM] Bitcoin's realized price looks set to cross above the average on-chain acquisition price of long-term holders, indicating a prolonged bullish period ahead.

Asymmetry, ‘ETF’ for Liquid Staking Tokens, Raises $3M Round From Ecco Capital, Ankr and Others

[May 16, 2023 7:00 AM] The crypto project’s safETH token represents a basket of liquid staking tokens from Lido, Rocketpool and Frax.

Endaoment Expands Web3 Charitable Fundraising Efforts With GlobalGiving Partnership

[May 16, 2023 7:00 AM] This partnership has tripled the number of verified charitable organizations willing to accept digital assets.

Red Beard Ventures Closes $25M Funding Round With Animoca Brands, Others

[May 16, 2023 7:00 AM] The Web3 venture capital firm hopes to support early-stage DeFi and Web3 gaming projects and is also launching a tokenomics accelerator.

Justin Sun Says Huobi Founder Li Lin's Brother Acquired HT Token for Free and Cashed Out

[May 16, 2023 4:51 AM] Tron founder blockchain and Huobi stakeholder Justin Sun has lodged a series of accusations against the brother of Huobi founder Li Lin, alleging that he acquired Huobi's native token (HT) "abnormally" at zero cost and sold it for "huge amounts of…

Blockfi Announces Self-Liquidation Plan After Failed Attempts to Sell Company

[May 16, 2023 4:00 AM] The now-defunct crypto lender Blockfi has recently filed a court document outlining its plans to liquidate the company. The firm has come to the realization that selling the company would not be beneficial to its creditors. As a result, Blockfi has…

Bitcoin-Ether Correlation Weakest Since 2021, Hints at Regime Change in Crypto Market

[May 16, 2023 3:03 AM] As Ethereum has shifted from PoW to PoS, the economics of supply and demand underlying the two cryptocurrencies will continue to diverge, one observers said.

EU’s Crypto Legal Framework Inches Towards Law With Finance Ministers’ Sign-Off

[May 16, 2023 2:28 AM] The landmark Markets in Crypto Assets regulation was given final approval by the EU’s Council, which also agreed a new law for sharing data on crypto tax holdings.

The New Crypto Cycle Will Be About Ether Yields: Bernstein

[May 16, 2023 2:04 AM] Ether staking trends following the Shanghai upgrade have beaten expectations, the report said.

One Million Individual Wallets Now Hold a Whole Bitcoin

[May 16, 2023 1:57 AM] The bump comes as transactional activity on Bitcoin has surged in the past few weeks.

Token of Layer-1 Blockchain Kava Surges 40% Ahead of Mainnet Upgrade

[May 16, 2023 1:21 AM] The change improves transaction speed and aims to beef up security on the platform, Kava says.

BlockFi Creditors Say Crypto Lender Was a Victim of Bad Management

[May 16, 2023 1:08 AM] The creditors committee said in a court filing that BlockFi was pressing a “false case narrative” by portraying itself as a victim, and more blame should be placed on its management.