Technology
Stablecoins
USDT supply surpasses $150 billion as stablecoins outpace mainstream giants Visa, PayPal
USDT now dominates 63% of the stablecoin market cap as traditional payment giants fall behind in transfer volumes.
Analysis
Bitcoin’s rise above $100K buoyed by institutional inflows and macro tailwinds – Bitfinex
Bitcoin's realized cap surge and declining unrealized losses highlight investor conviction and market stability amid macroeconomic shifts.
Memecoins
Pumpfun launches creator rewards, $7M potential based on April volume
Pump.fun and PumpSwap volumes combined surpassed $14.6 billion last month amid memecoin ressurgence.
Regulation
BlackRock meets SEC Crypto Task Force to discuss tokenization, ETP rules
The meeting followed another encounter on April 1 where BlackRock also discussed staking and ETP rules, but now added tokenization.
ETF
Spot Bitcoin ETFs set lifetime flow record at $40.3B as price recovers
BlackRock's IBIT dominated 92% of the net flows from April 7 to May 8, favored by the "beta with a side of Bitcoin" pattern.
Exchanges
Democrat Senators urge Treasury, DOJ to probe Trump’s crypto ties to Binance
The letter mentions the relation of USD1, from Trump-endorsed World Liberty Financial, with MGX's US$ 2 billion investment on Binance.
Stablecoins
Meta exploring stablecoins for cross-border payouts in renewed crypto push
The initiative will allegedly handle cross-border payouts and have use cases like creator payouts through Instagram.
Earnings
Coinbase Q1 revenues up 40% YoY to $2 billion, while net income down
The decline in net profit is directly related with the crypto market downturn during the first quarter.
Legal
SEC files to settle lawsuit with Ripple, execs over civil penalty dispute
The SEC filing virtually concludes the long-standing legal battle with Ripple, although additional steps are required to ultimately extinguish the lawsuit.
Regulation
SEC’s crypto task force lead criticizes ETF approval process, highlights need for patience
The "Crypto Mom" also urged for patience from market participants as “a lot is going on” over the agency.
Legal
Former Celsius CEO Alex Mashinsky receives 12 years in prison over fraud scheme
The sentencing closes the federal prosecution chapter, but Mashinsky still faces bankruptcy and related civil litigation.
Legislation
GENIUS Act stalls in Senate, lawmakers eye new proposal next week
A 49-48 vote denied the motion to invoke cloture and consider the stablecoin regulation bill for approval.