Crypto
Bankruptcy
BlockFi to shut down web platform, turn to Coinbase as distribution partner
Coinbase could also distribute funds that BlockFi receives from FTX.
Mining
Marathon reports record $337.2 million net income in Q1 2024
The company also saw record quarterly revenue of $165.2 million.
ETF
US Bancorp, Rothschild firm disclose spot Bitcoin ETF purchases of roughly $20 million in Q1
Institutional investment in spot Bitcoin ETFs continues to grow as companies file their 13F forms for the first quarter.
Mining
Core Scientific reports $210.7 million in Q1 net income, 2,825 BTC production
The company plans to shift 500 megawatts of its infrastructure to high-power computing.
Earnings
Robinhood crypto trading volume up 224% YoY to $36 billion in Q1
The company also reported record revenues of $618 million for the quarter.
Regulation
Biden administration to veto overturning of controversial SEC crypto rules
The controversial SEC bulletin impacts banks' ability to work with crypto.
Crypto
NYSE Arca withdraws Grayscale’s futures ETH ETF 19-b4 filing
The withdrawn filing could prevent challenges to the SEC over ETH spot ETFs.
Crypto
Susquehanna discloses $1.3 billion in spot Bitcoin ETF investments
The firm mainly holds GBTC, which makes up $1.1 billion of the total.
Crypto
Vitalk Buterin drafts EIP-7702 to enhance externally owned accounts
The standard is an alternative to EIP-3074 and would allow for transaction batching, fee sponsorship, and wallet privileges.
Crypto
Hightower Advisors, SouthState Bank disclose investments in spot Bitcoin ETFs
Hightower has invested $68 million, while SouthState Bank has invested $577,000 in several spot BTC ETFs.
Regulation
The Digital Chamber slams SEC for issuing Wells Notice against Robinhood
The industry group expresseed "disappointment and concern."
ETF
GBTC breaks 16-week outflow streak with $63 million inflow on May 3
Net inflows since January remain high at $17.5 billion.