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Source: Cointelegraph.com

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Bitcoin opens $63K futures gap as thin liquidity threatens BTC price
Bitcoin market participants are doubting the staying power of the ongoing BTC price relief bounce. Read full article
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What are tokenized commodities?
Tokenized commodities offer fractional ownership, portfolio diversification and investment accessibility across various asset classes. Read full article
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BTC-e founder pleads guilty in $9 billion laundering conspiracy
A federal district court judge will determine his sentence in accordance with the U.S. Sentencing Guidelines and other statutory factors. Read full article
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LayerZero tackles sybil activity with self-reporting mechanism
LayerZero Labs will enforce consequences for those who don’t self-report by May 17, 2024. Read full article
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Grayscale’s GBTC stops bleeding: First inflow since launch
Grayscale Investments' GBTC has seen its first day of inflows, following over $17.5 billion in outflows since the launch of Bitcoin ETFs in January. Read full article
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Former Cred execs face wire fraud and money laundering charges
After attending their initial court appearance on May 2, the former CEO and CFO of Cred must enter their plea on May 8. Read full article
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Coinbase's Base could make it the NVIDIA of DeFia
Coinbase's stock price has surged since the company's first-quarter earnings report. Will its Base offering be enough for investors to sustain the momentum? Read full article
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Crypto Biz: The Bitcoin summer, Avalanche integrates with Stripe, and more
This week’s Crypto Biz features the Lightning Network rollout on Coinbase, Avalanche integration with Stripe, MicroStrategy earning results and BlackRock’s new tokenized fund. Read full article
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Snowden goes after Bitcoin devs, Elon, and puppy killers in X flurry
His commentary touched on the zkSnacks shutdown, free speech, and the proper treatment of farm animals. Read full article
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Price analysis 5/3: BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA, AVAX, SHIB
Altcoins showed impressive double-digit gains after Bitcoin bulls successfully pulled BTC price back above the $61,000 level. Read full article
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Losses due to crypto hacks fall 67%, Bitcoin DeFi interest rises: Finance Redefined
The amount stolen through crypto hacks and the number of successful attacks sharply declined in April. Read full article
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SEC delays decision on 7RCC’s eco-friendly spot Bitcoin ETF
The U.S. SEC has extended its review period on a rule change that would allow the listing of 7RCC’s Spot Bitcoin and Carbon Credit Futures ETF to June 24, 2024. Read full article
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Australian court rules against Qoin issuer BPS Financial on 4 charges
Qoin still has a class-action suit pending against it in addition to the case brought by regulator ASIC. Read full article
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SEC will classify Ether as security, deny spot Ether ETFs — Michael Saylor
The MicroStrategy executive speculated that the SEC would consider Ether, BNB, Solana, XRP, and Cardano unregistered crypto asset securities. Read full article
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Bitcoin traders set six-figure price targets after BTC reclaims $61K
Analysts forecast a Bitcoin run above $100,000 now that BTC reclaimed the $61,000 level. Read full article
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CFTC Commissioner wants to create AI Fraud Task Force
Commissioner Kristin Johnson’s remarks came just a day after the CFTC appointed its first chief AI officer. Read full article
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Bitcoin enters 'a new era' as whales scoop up over 47K BTC during price pullback
Bitcoin whales have added over $2.9 billion worth of BTC, which helped it recover above the $60,000 mark, but can Bitcoin price close the week above $60,000? Read full article
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Venture capital pours $2.4B into crypto startups in early 2024
Investments in the first quarter were influenced by innovation in areas like restaking, modularity, Bitcoin layer-2 solutions, and macroeconomic factors. Read full article
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How to determine crypto cost basis for accurate tax filings
Calculating the cost basis of cryptocurrency for tax purposes involves considering purchase prices, transaction fees and events such as hard forks or staking rewards. Read full article
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Bitcoin price springs 5% to $62K as US jobs data boosts rate cut bets
Bitcoin bulls welcome some BTC price relief while whales get busy accumulating nearly 50,000 BTC at the local lows. Read full article
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USDC overtakes USDT: Compliance is key to stablecoin dominance
Tether’s USDT hegemony in the stablecoin market may shift as institutional investors chip into the crypto market. Read full article
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Trader loses $68M in address poisoning scam
The attack caused the unknown trader to lose over 97% of their crypto holdings. Read full article
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Vested crypto tokens worth over $3B to be unlocked in May
Sui, Pyth Network, Avalanche, Arbitrum and Aptos are set to release vested crypto tokens in May, according to data tracker Token Unlocks. Read full article
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Bitcoin and Ether options worth $2.4B set to expire today, max BTC pain at $61K
Data from the Debit exchange reveal that the put-to-call ratio for Bitcoin options contracts is currently at 0.50 with a maximum pain point at $61,000. Read full article
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Biggest Friend.tech whale dumps tokens as users struggle to claim airdrop
The largest Friend.tech whale has sold all his holdings, causing the new token to fall over 50% in value while other users are still unable to claim the airdrop. Read full article
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Community split on ENS petition against Unstoppable Domains patent
Some crypto community members argued against the petition, while others supported ENS’ move against Unstoppable Domains. Read full article
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Crypto exchanges to meet Nigerian SEC chief for regulatory talks
The meeting is anticipated to ignite positive changes that benefit all crypto stakeholders in Nigeria and on the international scene. Read full article
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ZKasino scam suspect arrested, $12.2M seized by Dutch authorities
Authorities seized $12.2 million worth of digital assets, real estate, and luxury cars during the arrest. Read full article
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UK gov't calls for action on AI copyright, market competition
The U.K. government is under pressure to increase AI oversight following a House of Lords report highlighting the need for stricter regulations for AI standards. Read full article
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Nigerian fintechs crack down on crypto, users face account blocks
The CBN's attitude to crypto has been inconsistent in recent years and the crackdown contradicts a decision taken in 2021 to facilitate crypto account opening. Read full article
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Bitcoin price is failing to break these 2 key resistance lines at $60K
Bitcoin bulls have “lots of work to do” as they attempt to claw back lost ground after two-month BTC price lows. Read full article
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The rise of the Chinese AI unicorns doing battle with OpenAI
Artificial intelligence startups aim to fill the gap in China as OpenAI’s ChatGPT became unavailable in the country. Read full article
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Bitcoin selling pressure to ease? M2 money supply flips positive
Crypto traders are pointing to the M2 money supply turning positive as a bullish signal for Bitcoin. Read full article
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EigenLayer to cough up around 28M more EIGEN after airdrop backlash
EigenLayer is handing out an extra 100 to 110 EIGEN to 280,000 qualifying wallet addresses after criticism over its first airdrop. Read full article
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Bitcoin bottom in, now headed for a ‘slow grind higher’ — Arthur Hayes
This week’s 12% Bitcoin retreat was a “well-needed market cleansing,” said the former BitMEX boss. Read full article
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Memecoins’ mass appeal makes it valuable to DEXs: Kain Warwick
Memes might be the “most simplistic connection” between financialization, tokenization and culture, says Kain Warwick. Read full article
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BTC price chart seen mirroring US spot Bitcoin ETF launch pattern
Bitcoin’s price chart looks similar to when spot Bitcoin ETFs were launched in the United States — suggesting a breakout soon, though there are some differences this time around. Read full article
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Former FTX exec Ryan Salame to give up $5.9M Bahamas property
Salame proposes to satisfy the debtors by transferring a residence he owns to FTX Digital Markets Ltd. Read full article
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US senators, FBI aren’t opposed to crypto privacy: Railgun contributor
Ethereum privacy protocol Railgun contributor Alan Scott Jr. says U.S. regulators and government agencies don’t get enough credit for genuinely “trying to understand” crypto. Read full article
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Jack Dorsey’s Block to use 10% of Bitcoin profit to buy BTC every month
Block, Inc. co-founder Jack Dorsey told shareholders its Bitcoin-buying plan during an earnings call, saying its an “investment in a future where economic empowerment is the norm.” Read full article
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Hong Kong Bitcoin ETF launch in ‘top 20%’, STRK scam suspect busted: Asia Express
The Hong Kong Bitcoin ETF launch was in the top 20% of launches, and 77% of local crypto holders still plan to invest: Asia Express. Read full article
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Crypto leaders should stop flirting with CBDCs
Cryptocurrency enthusiasts largely oppose CBDCs — but industry leaders including Consensys, Ripple and Stellar are throwing their weight behind them. Read full article
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Terraform claims SEC offered ‘no evidence’ for $4.7B in disgorgement
Lawyers for the firm claimed that any alleged losses caused by the platform’s or Do Kwon’s actions happened outside the United States, beyond the SEC’s authority in the civil case. Read full article
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Coinbase posts $1.2B net income in Q1, surpasses entire 2023 earnings
Coinbase Q1 earnings exceeded full-year 2023 results thanks to market conditions driven by new Bitcoin ETFs. Read full article
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Block, Inc. Q1 results top estimates, shares jump after-hours
Block’s first-quarter 2024 results beat Wall Street analyst estimates on earnings and revenue which saw its share price surge after the bell. Read full article
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Chainalysis will help Tether monitor secondary market for illicit activity
The blockchain analytics firm will provide tools to spot sanctioned and illicit activity and provide market information. Read full article
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US lawmakers warn of Iranian crypto miners threatening national security
According to Senators Elizabeth Warren and Angus King, the Iranian government has used funds from crypto mining to fund terrorist organizations. Read full article
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Binance Wallet announces support for Bitcoin Atomical ARC-20 assets
The Atomicals protocol provides a transparent, secure record of ownership and history for Bitcoin NFTs. Read full article
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Analysts expect Bitcoin price recovery after Fed leaves rates unchanged
Bitcoin price shows signs of a recovery, but analysts are uncertain whether the strongest part of the correction has passed. Read full article
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US lawmakers urge SEC to approve Bitcoin options trading
Representatives Mike Flood and Wiley Nickel urged the SEC's chair Gary Gensler to stop discriminating against Bitcoin funds in a letter. Read full article
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Pantera invests in TON with high expectations for Telegram’s future
The Telegram-TON hookup opens up a broad spectrum of Web3 opportunities for Telegram’s 900 million monthly users, Pantera Capital said. Read full article
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‘Mr. 100’ buys the Bitcoin dip for the first time since halving — Is the BTC bottom in?
Mr. 100, an entity previously identified as Upbit, has bought over $147 million worth of Bitcoin for the first time since the halving, suggesting an end to the current retracement. Read full article
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Nigerian court postpones money laundering trial of Binance and execs
A judge in Nigeria reportedly adjourned proceedings in a case against Binance and two executives until May 17 to allow lawyers to review certain documents. Read full article
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Pickup artists using AI, deep fake nudes outlawed, Rabbit R1 fail: AI Eye
Deep fake nudes to be outlawed in UK and Australia, pick up artists fake big live stream audiences to meet women, plus more news: AI Eye. Read full article
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Bitcoin price correction 'very common' if $56K lows hold — Peter Brandt
Bitcoin bulls see signs of the worst being over as a BTC price bounce gathers pace toward $60,000. Read full article
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Binance ties SAFU fund to USDC: Is the fund missing out on potential gains?
Binance has exchanged a diversified $1 billion crypto portfolio in SAFU funds into USD Coin. Read full article
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Nasdaq-listed mining firm Stronghold Digital Mining for sale?
Stronghold announced its first quarter results for 2024 and revealed that it is considering a range of options to increase shareholder value including selling the business. Read full article
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MoonPay expands crypto options with PayPal integration
MoonPay users in the U.S. can now buy and sell 110 different cryptocurrencies using PayPal transfers via wallet, bank transfers or debit cards. Read full article
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Stacks active accounts reach record high amid growing interest in Bitcoin DeFi
The growing interest in Runes and Bitcoin DeFi will drive more activity to layer-2 networks, according to Stacks’ product manager. Read full article
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Friend.tech v2 airdrop could introduce non-transferable token
Making the token non-transferable could force users to pay the 1.5% Friend.tech platform fee in an “ironic” shift from the platform’s non-venture capitalist approach. Read full article
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How to short Bitcoin on Binance and Coinbase
Shorting Bitcoin on Binance and Coinbase is akin to a high-stakes gamble where mastering margin trading and futures contracts is key to tilting the odds in your favor. Read full article
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Hundred Finance hacker moves stolen assets a year after $7M exploit
The hacker holds about $4.3 million in various crypto assets in their Ethereum wallet. Read full article
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Bitcoin post-halving price consolidation could last 2 months, says Bitfinex
The Bitcoin halving is widely expected to have a positive impact on the price of the preeminent cryptocurrency, but analysts expect volatile price consolidation in the short term. Read full article
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Hong Kong Bitcoin ETFs not enough to absorb US ETF selling pressure
Despite the excitement around the Hong Kong ETF debut, the inflows are only a fraction of the selling from the U.S. ETFs. Could Bitcoin price revisit the $50,000 mark next? Read full article
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Microsoft pours $2.2 billion into Malaysia for cloud and AI expansion
In its statement, Microsoft will collaborate with Malaysia to establish a national AI Center of Excellence and enhance cybersecurity capabilities. Read full article
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Indian enforcement agency collaborates with Binance to bust scam app
The law enforcement agency managed to track the funds linked to the E-Nugget scam app to different crypto exchanges and, with their help, seized over $10.5 million in crypto assets. Read full article
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LayerZero cross-chain interoperability protocol completes first airdrop snapshot
LayerZero’s ZRO perpetual futures contract is trading at $8.6 on Hyperliquid, the world's largest perps DEX, suggesting a potential $17 billion fully diluted valuation. Read full article
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Bitcoin dumps 'bull market excess' as daily ETF outflows pass $500M
BTC price action spooks ETF investors, data shows, but there is reason to believe that Bitcoin is seeing a broadly healthy correction. Read full article
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Bitcoin halving sees Bitfarms’ BTC mining earnings plummet
Bitfarms is actively working to triple its current hash rate capacity to 21 exahashes per second (EH/s) with a $240 million investment. Read full article
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FBI busts $43M crypto and Las Vegas hospitality Ponzi scheme
The FBI arrested a New York resident for defrauding investors of at least $43 million in a multi-year Ponzi scheme that included a Las Vegas hospitality business and crypto trading operation. Read full article
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Pike Finance clarifies ‘USDC vulnerability’ statement on $1.6M exploit
Pike highlighted that the exploit occurred due to their team’s inadequate integration of third-party technologies such as the CCTP or Gelato Network’s automation services. Read full article
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Nigeria’s Patricia Exchange CEO debunks closure rumors
Patricia CEO Fejiro Hanu said they are currently awaiting the prosecution and conviction of the other suspects involved. Read full article
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Arkansas bills reining in crypto miners heads for governor approval
Arkansas Governor Sarah Huckabee Sanders is expected to sign the bills into law which will regulate miners’ noise, water use and licensing. Read full article
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Synethix founder Kain Warwick targets mid-May launch for Infinex DEX
The Infinex front-end DEX is targeting a May 13 launch, pending a final vote from Synthetix’s governing council. Read full article
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Bitcoin’s dominance ‘likely peaked’ as altcoins ’start to wake up’ — Analyst
Bitcoin’s dominance in the crypto market is “now losing major support” and potentially has even “peaked” according to crypto analysts. Read full article
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Crypto firms among ‘greatest risks’ for money laundering in 2022-2023: UK govt
Crypto firms, wealth management companies, and retail and wholesale banking remain “particularly vulnerable” to financial crime, according to a U.K. Treasury report. Read full article
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DeFi lending giant Aave unveils V4 protocol overhaul
Aave Labs shared a proposal for the next version of its protocol, which included improvements to its stablecoin, GHO. Read full article
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Bitcoin 4% dip may ‘panic’ short-term holders as price falls below average cost
Bitcoin short-term holders are currently holding a 3% unrealized loss but it “isn’t the end of the world,” according to a crypto analyst. Read full article
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BlackRock’s Bitcoin ETF sees first outflow day as US ETFs notch record bleed
BlackRock’s IBIT saw around $37 million in outflows for the first time while the remaining spot Bitcoin ETFs collectively notched over $526.8 million in outflows. Read full article
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US probes Jack Dorsey’s Block, Inc. over financial transactions: Report
U.S. prosecutors are reportedly investigating the fintech firm after a whistleblower claimed it processed thousands of transactions for users from sanctioned countries and terrorist groups. Read full article
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MicroStrategy to launch Bitcoin-based decentralized ID solution
MicroStrategy has already built an application on “MicroStrategy Orange” — Orange For Outlook — which integrates digital signatures into emails to verify the identity of the sender. Read full article
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Bitcoin miner Riot Platforms reports record $211M Q1 net income
Riot’s net income was boosted by a 131% year-on-year increase in Bitcoin’s price despite the cryptocurrency becoming more difficult and expensive to mine. Read full article
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