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Alex Labs freezes $3.9M of exploited funds sent to CEXs after hack

The team behind the Bitcoin layer-2 developer has successfully frozen some exploited crypto after the attacker tried to cash out by sending funds to exchanges.

Crypto Biz: Galaxy, CoinShares Q1 results, ETFs on the blockchain, and more

This week’s Crypto Biz features Galaxy Digital and CoinShares earning results, Franklin Templeton’s CEO betting on blockchain, Polymarket’s funding raise, and a leadership transition at dYdX.

Blockchain gaming investments reached nearly $1B in April

The investment figures come alongside a record high 2.9 million daily unique active wallets (dUAW) for the month.

Ethereum price rallies above $3.1K after unexpected regulatory victory

ETH price hit $3,100, backed by a favorable court ruling and increased network activity.

Tornado Cash founder sent to prison, DeFi’s EU struggles: Finance Redefined

The Tornado Cash developer has been detained in the Netherlands since August 2022 after the United States government blacklisted Tornado Cash.

US Treasury strategy would tighten virtual asset regulations, increase AI use

The Treasury’s fight against illicit finance will focus on better regulations, greater enforcement and AI.

Price analysis 5/17: BTC, ETH, BNB, SOL, XRP, TON, DOGE, ADA, AVAX, SHIB

Bitcoin price aims to break its range resistance and hit a new all-time high. Will altcoins follow?

Proton Mail exposing activist's info showed the limits of encryption

An April report revealed that Proton Mail assisted Spanish police with locating one of its users, leading to questions about its guarantees of privacy.

Tether mints another $1B — Last time, it helped Bitcoin climb to $73K

Bitcoin has flipped its old resistance into support as USDT’s market cap continues to grow rapidly in 2024.

Kraken considers dropping USDT in Europe ahead of new regulations

With new regulations in Europe set to enforce strict limits on transactions and reserve requirements, Kraken is assessing its stablecoin listings.

Crypto firms rally behind FIT21 bill approaching US House floor vote

Lawmakers expect to vote on a bill clarifying how regulators handle digital assets by June after a majority in both chambers passed a resolution against an SEC crypto rule.

Dolce & Gabbana faces class-action lawsuit after alleged NFT delivery delay

The suit alleges that delays in delivery caused purchased NFTs to lose 97% of their value.

Bitcoin preps ‘golden cross,’ which last sparked 170% BTC price gains

Bitcoin is dishing out the bull signals on lower timeframes, but can BTC price action overcome key resistance?

Is onboarding too hard? Crypto adoption still faces major obstacles

Progress has been made in streamlining the Web3 onboarding process, but the flood of mainstream users has not yet arrived.

Binance-backed Magic Square IDO platform to democratize retail investor access

IDO launchpads are becoming a popular way to raise funds for projects, with some IDOs reaching nearly half a billion dollars.

How to trade crypto in the UK using Revolut X

Uncover the step-by-step process for moving fiat from the Revolut banking app into the Revolut X application and trading cryptocurrencies.

Sony warns 700 AI devs, music streaming companies on content misuse

Sony cracks down on AI developers like OpenAI and Microsoft with a letter that prohibits them from using its content to train or develop commercial AI systems.

Binance exec denied bail in Nigeria money laundering trial

Head prosecutor Ekele Iheanacho objected to bail by highlighting Gambaryan’s questionable attempt to get a new passport, allegedly due to a stolen previous one.

Over 80% of recent Binance token listings are bleeding red

Most of the newly launched tokens function as “exit liquidity” for insiders capitalizing on the lack of retail access due to their high initial fully diluted valuation.

Binance helps Taiwan solve $6.2M crypto fraud

Working with Binance, Taiwan prosecutors pieced together the evidence, resulting in the indictment of nine individuals for financial crimes, including money laundering and fraud.

Notorious Pink Drainer retires after hitting $85M theft milestone

Pink Drainer, infamous for aiding in crypto thefts, shut down operations after amassing over $85 million in stolen assets.

Hong Kong digital yuan pilot lacks P2P capabilities

While Hong Kong residents can sign up for a digital yuan wallet with a phone number, the CBDC is currently restricted to cross-border transactions and cannot be used for person-to-person transfers within Hong Kong.

Turkey proposes aligning crypto legislation with international standards

The draft law aims to govern crypto asset service providers, crypto asset platform operations, crypto asset storage, and crypto asset buying, selling and transfer transactions.

Bitcoin ETF volumes hit 7-week high as BTC price nears $67K

Bitcoin ETFs see daily volumes of nearly $6 billion in a return to levels not seen since late March, with BTC price hitting new May highs.

Bitcoin bridge XLink resurrection underway post $10M hack

XLink faced a security breach involving almost $10 million, with $4.3 million recovered thanks to a friendly neighborhood white hat hacker.

Bitcoin analysis mostly ‘noise,’ a $70K breakout is what matters

Another Bitcoin break above $70,000 will be a significant signal for traders but until it happens, analysis is “pretty futile,” according to Mati Greenspan.

Reddit shares jump after-hours on OpenAI data-sharing deal

Reddit said the deal allows OpenAI’s tools to “better understand and showcase Reddit content” and sees the AI firm back new features on the social platform.

Altcoins a ‘relatively huge’ risk as days of big returns are gone, say analysts

Altcoins have “tactical opportunities” but not the massive gains seen in previous cycles, says 10xResearch head of research Markus Thielen.

DTCC, Chainlink complete fund data tokenization pilot with U.S. banks

The pilot program tested a method of bringing traditional finance fund data onto blockchains with big banks JPMorgan and BNY Mellon also involved.

Memecoin launcher pump.fun claims ex-employee behind $1.9M exploit

Pump.fun said its smart contracts are safe and impacted users will receive “100% of the liquidity” that it previously had within the next 24 hours.

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