Analysis
Crypto
Larry Fink ‘very bullish’ on Bitcoin after IBIT’s record-breaking performance
IBIT's record breaking performance has made BlackRock CEO Larry Fink "very bullish" about its long-term viability.
ETF
Fidelity files registration statement for Ethereum ETF despite regulatory uncertainty
Fidelity's actions, alongside those of other firms aiming to introduce spot ether ETFs, illustrate the growing interest in integrating digital assets into traditional financial products.
Adoption
Mike Novogratz says ‘boomer’ wealth will drive Bitcoin adoption to new highs
Novogratz believes that the influx of new money into Bitcoin combined with several macro factors could lead to unprecedented adoption.
Exchanges
KuCoin assures users funds are safe after US levies criminal charges
The indictment accuses KuCoin and its founders of bypassing the Bank Secrecy Act and operating an unlicensed money-transmitting business.
Legal
SEC begins multi-billion dollar fraud trial against Terraform Labs, Do Kwon
The SEC accuses Terraform Labs and Kwon of conducting a multi-billion dollar crypto asset securities fraud.
Crypto
Bitcoin ETFs become hottest product in BlackRock, Fidelity’s repertoire of funds
IBIT and FBTC have accounted for more than half of the year-to-date net flows for both companies in less than 50 days of trading.
Crypto
Cathie Wood doubles down on $1.5 million Bitcoin as institutional exposure looms
With major financial institutions yet to fully embrace Bitcoin, Wood anticipates further upward momentum in its value.
Technology
Worldcoin Foundation makes ORB software open-source
The move is part of the Foundation's efforts to be more transparent about its biometric data collection process.
Adoption
Estonia passes legislation to regulate crypto service providers
Estonia has passed new legislation which will impose new regulations on crypto companies and bring them under FSA supervision.
Hacks
New gaming token on Blast exploited for $4.6 million – white hat hacker involved
The exploit may have been conducted by a white hat hacker who is currently in touch with the Super Sushi Samurai team.
Macro
Bitcoin rebounds to $68k after Fed decides to maintain rates as expected
The central bank also reaffirmed its intention to cut rates during 2024, driving the odds of a June cut to 70%.
Bankruptcy
Celsius looks to recover $2 billion withdrawn by 2% of accounts during its collapse
The initiative is part of its reorganization plan and targets individual accounts that withdrew more than $100,000 before its collapse.