Crypto
Regulation
Coinbase sets up advisory council including US lawmakers, private strategists
The company's new Global Advisory Council aims to address the regulatory landscape.
Exchanges
Binance halting operations in Canada
Canadian securities regulators began to introduce new rules earlier this year.
AI
MakerDAO plots AI governance “endgame”
The plan will also see the project introduce tokens with a new brand.
Outage
Ethereum failed to finalize transactions for 25 minutes but avoided full outage
Transactions were only partially processed for a period of 25 minutes.
AI
Meta announces generative AI-powered product suite for ads
The Facebook parent company announced the new tech at a New York event.
Culture
Elon Musk hires Twitter’s next CEO; former Meta COO a potential candidate
Rumors suggest that ex-Meta COO Sheryl Sandberg could lead the firm.
Bankruptcy
BlockFi receives permission to return $297M to certain customers
A judge ruled that funds in wallets, but not interest accounts, belong to users.
Bankruptcy
Silvergate Bank to cut 230 staff as it winds down
The firm will retain just 80 employees, and it plans to cut staff three more times.
Bankruptcy
Bittrex to receive 250 BTC loan valued at $7M to start bankruptcy case
A later request could bring the loan's total value up to $19 million.
Mining
Marathon sees $51M revenue, 74% YOY increase in Bitcoin output in Q1
The mining firm's CEO said this year is starting strong after a "tumultuous 2022."
Stablecoins
Circle reserves no longer contain US Treasuries that mature after June
CEO Jeremy Allaire said that this protects Circle against a U.S. debt default.
Earnings
Robinhood saw $38M in crypto transaction revenue in Q1 2023
Robinhood saw total transaction revenue grow 11% despite a 1% drop in crypto revenue.