Crypto
Regulation
EU watchdog warns of high concentration in crypto markets, notes minimal euro usage
According to ESMA, the industry is dominated by a handful of cryptocurrencies, exchanges and fiat currencies.
Crypto
Independent financial advisors start disclosing Bitcoin exposure via ETFs
Signal Advisors and Wedmont Private Capital are the latest independent financial advisors to disclose investments in IBIT and FBTC.
Adoption
One-fifth of young Americans invest in crypto, with Gen Z shunning traditional assets
Crypto rivals stocks and real estate among the youngest generations.
Regulation
US senator claims Biden administration uses crypto as ‘scapegoat’ to mask failures in halting illicit finance
Senator Tim Scott said the focus on crypto misses the "elephant in the room" because the conversation about illicit financing is "far larger than digital assets."
Adoption
Only 1% of consumers still think Bitcoin is a passing ‘fad’
Deutsche Bank's latest crypto survey revealed a slow yet noticeable shift in consumer attitudes toward bitcoin and cryptocurrencies at large.
CBDCs
Swiss central bank believes retail CBDCs could destabilize financial system
The Swiss National Bank believes that the disadvantages of a retail CBDC likely outweigh any benefits, and introducing them could have "far-reaching consequences" on financial stability.
ETF
BlackRock and Fidelity’s Bitcoin ETFs make history with record streak of inflows
The two spot Bitcoin ETFs have recorded inflows every single day since their launch 59 trading days ago.
Legal
Tornado Cash developer gets help in court from blockchain advocacy groups
Three groups have supported a motion to dimiss charges against Roman Storm.
Legal
Jury finds Do Kwon, Terraform Labs liable for multi-billion dollar fraud
The SEC emphasized that the verdict holds both parties accountable for a "massive crypto fraud" that caused "devastating losses for investors."
Legal
Coinbase stands strong in consumer lawsuit as case is revived post-appeal
A date-related error means that the case must resume even though a past dismissal largely favored Coinbase.
Analysis
Crypto VC investments increased 38% in first quarter breaking 2 year trend
Investments rose in Q1 2024 but have yet to return to their late 2021 peak.
AI
ChatGPT enterprise users grow 4x to 600k in less than a year
Enterprise usership has quadrupled since January.