Stablecoins
ETF
JPMorgan to support Bitcoin buying despite Jamie Dimon’s ongoing skepticism
JP Morgan CEO Jamie Dimon revealed the bank will offer Bitcoin, but he is still "not a fan" of the flagship cryptocurrency.
Analysis
Bitcoin stalls near record highs amid derivative pressures but breakout potential remains
Bitcoin reaches all-time low in volatility compared to gold as derivatives keep the price between $100k and $105k.
Adoption
Basel Medical Group to add $1B in Bitcoin to treasury amid falling share prices
BMGL’s share performance contrasts with the typical market reaction to corporate Bitcoin acquisitions.
Crime
Paraguay law enforcement thwarts crypto miner heist, deports arrested suspects
Three of the individuals caught were deported while the remaining is under custody after being hospitalized in critical condition.
ETF
Abu Dhabi sovereign wealth fund Mubadala expands Bitcoin exposure via IBIT while Wisconsin fund exits crypto ETF
The Mubadala Investment Company acquired over 491,000 shares of spot Bitcoin ETF IBIT during the first quarter, despite the slide below $90,000.
Stablecoins
Institutions double down on stablecoins as trust reaches all-time highs – Fireblocks
Fireblocks noted in a recent report that institutions are quickly overcoming uncertainty regarding stablecoins.
Bankruptcy
FTX creditors poised to receive $5B by May 30 in latest distribution round
The second round of repayments is over four times larger than the first $1.2 billion round in February.
Legal
Court denies SEC, Ripple settlement motion after finding procedural misstep
Despite the denial, the ruling is not a substantive rejection, and both parties could refile the motion seeking relief under the right rule.
Scams
How an insider-led breach sparked a costly scam at Coinbase
Amid the recently revealed Coinbase data breach incident, Wang explained how exploiters used a social engineering scam to profit $7 million.
Earnings
Bitfarms financial income falls 82% YoY, magnifying net loss to $35.9M
Revaluating warrant liabilities tied to Bitfarms' 2023 private placement primarily drove the $9.3 million year-over-year drop in financial income.
Adoption
Bitwise CIO expects surge in crypto ETP allocations by year-end, foresees 5% portfolio norm
Bitwise CIO Matt Hougan foresees a trillion-dollar future for crypto ETPs as institutional interest rises and allocations climb.
Legal
Former front-runner for CFTC chair role resigns to lead Blockchain Association
Mersinger was the top contender along with Brian Quintenz to be the new CFTC chair, before the nomination of the latter to the role.
