Author: Tony Pearce
Bitcoin Lost 8% of its Value Last Month
Reading Time: < 1 minuteBitcoin experienced a loss of 8% in May, marking a decrease of 64% from the beginning of the year.
Bybit Leaves the Canadian Market
Reading Time: < 1 minuteBybit has made the difficult decision to stop providing its services and products in the Canadian market.
Tenet and LayerZero Team Up to Enhance Omnichain Adoption of LSDs
Reading Time: < 1 minuteTenet has just entered into a partnership with blockchain messaging protocol LayerZero.
Genesis and Crypto Exchange Gemini Dispute SEC Lawsuit Against Joint Earn Program
Reading Time: < 1 minuteGenesis Global Holdco and Gemini have filed a motion to dismiss the SEC lawsuit against their joint Earn program.
EU: Companies Must Disclose Regulatory Status of Cryptocurrencies
Reading Time: < 1 minuteThe ESMA has recently reminded investment firms to lay out the regulatory status of their products, specifically emphasizing digital assets, amid the pending adoption of applicable laws.
Binance Freezes $4.4M in Crypto at Request of US Authorities
Reading Time: < 1 minuteUS and other authorities have imposed sanctions against the Lazarus group, the most extensive cybercrime organization.
Ripple Says it Bought Bitstamp to Diversify its Business
Reading Time: < 1 minuteMonica Long, the president of fintech company Ripple, has stated that the acquisition of a stake in crypto exchange Bitstamp will assist in Ripple’s expansion of its global presence and venturing beyond payments.
Synthetix Founder Proposes 12 Suggestions to Improve Project
Reading Time: < 1 minuteKain Warwick, the founder of the Synthetix DeFi platform, has proposed twelve new suggestions in his blog to bring the project to the next level of development.
Core Scientific Asks Court to Extend Restructuring Until September
Reading Time: < 1 minuteCore Scientific has submitted a revised plan of reorganization for approval to the bankruptcy court, scheduled through to September 20 2023.
ARK Invest: The US Will Lose Leading Position in Crypto Industry
Reading Time: < 1 minuteThe United States is at risk of losing its leading position in the cryptocurrency industry to the likes of the UAE, South Korea, Australia and Switzerland.
Robert Kiyosaki Recommends Buying BTC and Gold
Reading Time: < 1 minuteRobert Kiyosaki has shared his plans for further investments in gold and Bitcoin, citing them as the safest assets to hold amid an approaching global economic crisis.
STEPN Adds Apple Pay Payments
Reading Time: < 1 minuteThe developers of the M2E project STEPN have added the possibility of direct Apple Pay payment for users of iOS devices when purchasing NFT Sneakers.
US Senator Cynthia Lummis Is Against Imposing Taxes on Crypto Miners
Reading Time: < 1 minuteCynthia Lummis, a Republican Senator, has spoken out against the proposed cryptocurrency mining tax proposed by the Joe Biden administration.
BitDAO to Merge with Mantle and Rebrand Itself
Reading Time: < 1 minuteBitDAO has announced a merger with the L2 project Mantle Network.
Binance Australia Halts Australian Dollar Deposits
Reading Time: < 1 minuteThe Australian division of Binance has suspended deposits in local dollars due to an issue with its payment provider, the PayID AUD instant bank transfer service.
Eco-miner Soluna Attracts $14M in Latest Funding Round
Reading Time: < 1 minuteSoluna Holdings, a green data center provider for mining, has raised $14 million in investment from Navitas Global, according to a press release.
Cryptocurrency Exchange OKX to Add Support for BTC’s Ordinals
Reading Time: < 1 minuteOver the next two weeks, OKX will be introducing new features that will enable customers to buy, sell, and trade Ordinals and BRC-20 tokens through a crypto exchange wallet.
Bitcoin Startup River Financial Attracts $35M in Funding Round
Reading Time: < 1 minuteRiver Financial, a Bitcoin-focused startup based in Columbus, Ohio, has raised $35M in a Series B funding round led by Kingsway Capital.
North Korean Hackers Steal $720M in Digital Assets from Japanese Investors
Reading Time: < 1 minuteJapanese investors were among those who were most affected by the North Korean hackers, having lost over $720 million of virtual currencies since 2017.
Changpeng Zhao Plans to Reduce its Control Over Binance.US
Reading Time: < 1 minuteBinance.US and founder Changpeng Zhao are seeking to reduce Zhao’s stake in the platform due to tight scrutiny from US regulators.
US Crypto Companies Are Moving to Bermuda Due to US Regulatory Environment
Reading Time: < 1 minuteThe increasingly stringent regulatory environment in the United States has prompted crypto companies to seek out jurisdictions with friendlier digital asset frameworks.
FDIC Proposes Major Banks Pay Billions to Restore Failure Fund
Reading Time: < 1 minuteThe FDIC proposed that banks with more than $5 billion in assets pay a 0.125% “special assessment” fee on uninsured deposits.
USDC Issuer Increases Share of Treasury Bills Due to Risks of US Default
Reading Time: < 1 minuteCircle has revised its stablecoin collateral structure to include short T-Bills, in an effort to protect against the potential of a US technical default.
Hong Kong Will Allow Crypto Exchanges to Serve Local Investors
Reading Time: < 1 minuteStarting June 1st, Hong Kong will begin to operate a mechanism for licensing cryptocurrency exchanges, allowing investors to buy and sell virtual currencies.
Mining Firm Hut 8 Mined 132 BTC Last Month
Reading Time: < 1 minuteHut 8 Mining, a Canadian mining company, has reported that it had mined 132 BTC in April, bringing its total reserve of BTC to 9,265.
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Lido Staked Ether 
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