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Crypto Exchange Rain Hit by $14.8M Exploit: ZachXBT

[May 13, 2024 8:53 AM] Bahrain-based crypto exchange Rain fell victim to a $14.8 million exploit, according to blockchain sleuth ZachXBT.

DYdX Founder Antonio Juliano to Step Down as CEO of the Decentralized Exchange; Ivo Crnkovic-Rubsamen Takes Over

[May 13, 2024 8:16 AM] Juliano will become chairman and president of dYdX Trading.

Zest Raises $3.5M, Led by Tim Draper, for On-Chain Bitcoin Lending Using Stacks

[May 13, 2024 7:00 AM] The seed raise was led by billionaire investor Tim Draper with participation from Binance Labs, Flow Traders, Trust Machines and others.

Solana Meme Coins, GameStop Stock Rocket as 'Roaring Kitty' Returns on X

[May 13, 2024 6:50 AM] Stocks related to Keith Gill surged while opportunistic developers issued scores of meme coins on various blockchains to capitalize on the hype.

First Mover Americas: Bitcoin Fails to Hold $63K, May Remain Range-Bound

[May 13, 2024 6:02 AM] The latest price moves in bitcoin (BTC) and crypto markets in context for May 13, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

Bitcoin Mining Difficulty Slumped Last Week in Biggest Decline Since Crypto Winter: Bernstein

[May 13, 2024 5:57 AM] Lower cost miners have increased market share since the bitcoin halving event, the report said.

El Salvador Launches Website to Track $360M Bitcoin Treasury

[May 13, 2024 5:50 AM] El Salvador made history in 2021 by becoming the first country to adopt Bitcoin as a legal tender under the leadership of President Nayib Bukele. This groundbreaking decision has enabled significant financial improvements across the small Central…

Latam Insights: Illegal Crypto Crackdown in Argentina, Bancolombia Launches Crypto Exchange

[May 13, 2024 5:30 AM] Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Argentine authorities crack down on illegal crypto investment scam, Bancolombia launches cryptocurrency…

Bitcoin Below $60K Could Trigger 'Panic' Selling, Crypto Analyst Says

[May 13, 2024 4:52 AM] One trader said recent declines are likely related to miners' asset sell-offs and fears of tighter regulation of cryptocurrencies.

Chinese Police Bust $296M Illegal Crypto-Based Currency Operation: Report

[May 13, 2024 4:50 AM] Police in Panshi City, Jilin arrested six people for running an "underground bank."

Stablecoin Expansion Stalls Ahead of U.S. Inflation Data

[May 13, 2024 4:48 AM] Wednesday's U.S. CPI data is expected to show the cost of living likely increased 3.4% over the year in April, a moderation from March's 3.5%.

Custody Provider Liminal Wins Approval in Abu Dhabi as It Extends Expansion in Asia

[May 13, 2024 3:49 AM] Singapore-based Liminal won approval to operate as a regulated custodian, another sign of its expanding footprint in the APAC and MENA regions.

Metaplanet Makes Bitcoin a Reserve Asset as Japan’s Debt Mountain Grows

[May 13, 2024 12:07 AM] The announcement comes at a time when Japan's fiscal crisis is said to be playing out in the currency market.

Bitcoin Magazine CEO Discloses Links With Trump Campaign: “It’s Time for Bitcoin to Elect the Next President”

[May 12, 2024 12:31 PM] David Bailey, CEO of Bitcoin Magazine, has disclosed his nexus with the campaign of former President Donald Trump. Bailey and his team have advised Trump to develop a Bitcoin and crypto-friendly agenda, including signing a crypto-focused executive…

Erik Voorhees Unveils New AI Platform Promising Privacy and Unfiltered Free Speech

[May 10, 2024 3:36 PM] Erik Voorhees, founder of Shapeshift, has announced the debut of Venice, an artificial intelligence (AI) application that promises enhanced privacy and unrestricted free speech. Unlike mainstream AI services, Venice is designed to operate without…

SEC Rebuts Coinbase's Attempt to Get Appeals Court to Answer Key Crypto Question

[May 10, 2024 3:10 PM] Coinbase hasn't successfully argued that an appeals court needs to look at how securities regulations might apply to digital assets, the U.S. Securities and Exchange Commission (SEC) said Friday.

America's Largest Bank JPMorgan Chase Discloses Spot Bitcoin ETF Holdings: SEC Filing

[May 10, 2024 2:50 PM] JPMorgan Chase, the largest bank in America, has revealed exposure to spot Bitcoin Exchange-Traded Funds (ETFs) in a newly filed document with the Securities and Exchange Commission (SEC) today. Phoenix Trades The SEC filing by JPMorgan Chase…

U.S. House's McHenry Says Bill on Crypto Market Structure Will Get Floor Vote

[May 10, 2024 2:42 PM] The most comprehensive U.S. cryptocurrency legislation to so far make it through a congressional committee will get even further, with the entire House of Representatives set to vote on whether to approve it soon, according to Rep. Patrick McHenry…

Bitcoin Is In a 'Bore You to Death' Phase, but Bottom Could Be Close, Analysts Say

[May 10, 2024 2:26 PM] The current boring crypto market could last between one to six months, and the sentiment will be the most negative right before the turnaround, one hedge fund manager said.

DOJ Said to Snub Sullivan & Cromwell, Appoint Competitor to Coveted Binance Monitorship: Bloomberg

[May 10, 2024 1:11 PM] The Department of Justice (DOJ) has chosen a London-based consulting firm for a coveted three-year monitorship of Binance, according to a Friday report from Bloomberg citing anonymous sources.

EigenLayer Opens Claims for Airdrop of EIGEN Token, Though It's Non-Transferable

[May 10, 2024 11:12 AM] Perpetual futures markets price the fully diluted value of the token at around $15 billion.

GBTC’s Heavy Withdrawals Result in Net $11.3M Outflow in US Bitcoin ETFs

[May 10, 2024 10:34 AM] The U.S. spot bitcoin exchange-traded funds (ETFs) witnessed an outflow of $11.3 million during Thursday’s trading sessions, following an inflow of $11.5 million on Wednesday. Although the majority of funds experienced inflows on Thursday…

DOGE and NEAR Lead CoinDesk 20 Gainers: CoinDesk Indices Market Update

[May 10, 2024 10:32 AM] The Near Protocol's Near token has more than doubled in price in 2024.

Celo Community Ratifies Plan to Use Optimism's OP Stack for New Layer-2 Chain

[May 10, 2024 10:30 AM] The vote passed with overwhelming support, with 65 addresses representing 14.6 million CELO tokens signaling approval for the measure.

Jack Dorsey Says Bitcoin Price Will Go Beyond $1 Million in 2030

[May 10, 2024 10:26 AM] Dorsey, who led the social media platform from 2015 to 2021, developed a strong interest in crypto during that time and is now fully focused on the sector.

U.S. CFTC Proposes Ban on Political Event Contracts

[May 10, 2024 10:11 AM] The U.S. Commodity Futures Trading Commission (CFTC) proposed a formal rejection of event contracts that bet on the outcome of political activity in a vote on Friday, beginning an effort to wall off U.S. customers from platforms that allow the…

Wells Fargo, America's Third Largest Bank, Owns Spot Bitcoin ETFs: SEC Filing

[May 10, 2024 10:05 AM] In a recent filing with the Securities and Exchange Commission (SEC), Wells Fargo, one of the largest banks in the United States, disclosed its exposure to spot Bitcoin Exchange-Traded Funds (ETFs). JUST IN: Wells Fargo bank reveals it has spot�

Crypto Custody Tech Firm Fireblocks Unveils New York-Regulated Trust Company

[May 10, 2024 10:00 AM] Fireblocks is also convening a licensed and qualified crypto custodian partner program with a starting line up of custodians from the U.S., the United Arab Emirates, Britain, Singapore, Thailand and Australia.

Bitcoin's Modest Rally Cut Short, Price Tumbles Back Below $61K

[May 10, 2024 9:20 AM] Stagflationary U.S. economic data and hawkish remarks from a Fed speaker appeared to sour the bullish mood.

Private Jet Charter Service Candy Jets Now Accepts Bitcoin Payments

[May 10, 2024 8:43 AM] Candy Jets, a premier private jet charter service, has partnered with CoinCorner, a prominent Bitcoin services provider, to accept payments in Bitcoin for their luxury travel services, making them one of the first in the industry to embrace this…