Crypto
Regulation
SEC deems Filecoin a security, asks Grayscale to withdraw trust registration
The FIL token briefly lost 3% of its value before recovering almost entirely.
Legal
Citadel Securities says ex-employees launched crypto firm with stolen trade secrets
The company has filed a lawsuit against two former employees.
Bankruptcy
Celsius could sell assets to top bidder Fahrenheit as auction concludes
The latest bids are hundreds of millions of dollars greater than past bids.
Analysis
Long-term Bitcoin holders sell nearly 50K BTC – marking 2023 high
Long-term Bitcoin (BTC) holders sold almost 50,000 BTC on May 15, setting a record for the amount of Bitcoin sold this year.
Wallets
Ledger calls itself a “self-custody maxi,” says recovery service is optional
Ledger executives defend the optional Recover feature, assuring users of data safety and self-custody principles, while questions about security risks and compensation conditions linger.
Crime
Vietnam court sentences two men to life in prison over $1.5M crypto theft
Fourteen other individuals involved in the plot received lesser sentences.
AI
OpenAI CEO Sam Altman calls for AI to be regulated during Senate hearing
Sam Altman appeared before lawmakers to discuss artificial intelligence.
Analysis
Digital asset investment products see outflows for 4th consecutive week totaling $200M
The trend of outflows in digital asset investment products persisted for the fourth consecutive week, with Bitcoin seeing the largest outflows.
Adoption
BNY Mellon focusing on digital assets sans crypto, deems tokenization ‘next wave of securitization’
A top executive said that cryptocurrency is just one aspect of digital assets.
Regulation
SEC files to reduce LBRY’s multi-million dollar fine to $111K
The regulator originally wanted to impose a $22 million fine on the project.
Regulation
Bakkt to delist two-thirds of supported tokens
The company will end support for 25 of the 36 assets it once supported.
Outage
Ethereum experienced a 2nd finalization delay but has since recovered
The blockchain once again failed to fully process transactions for a short time.