Crypto
Hacks
ParaSpace hack in retrospect: $5M rescued, large withdrawals time-locked, hacker wants fees back
The affected cryptocurrency project ultimately lost no significant funds.
Adoption
Microsoft Edge is testing a built-in crypto wallet
The web browser may soon support Ethereum and other digital assets.
Bankruptcy
Silicon Valley Bank parent firm files for bankruptcy protection
Though Silicon Valley Bank has failed, SVB Securities and Capital still operate.
DeFi
Maker passes first vote to increase U.S. Treasury bond holdings to $1.25B
An executive vote is required before the change is deployed to the DAI protocol.
Scams
Scam warning: Circle phishing campaign promises fake USDC DeFi swap
The scam attempts to capitalize on USDC's post-depeg recovery.
Banking
Federal Reserve says FedNow will go live in July
The service has been said to address the same issues as a potential CBDC — set to launch the FedNow payment system in July.
Crime
SEC charges Trump-connected Chinese businessman Guo Wengui over ‘H-Coin’
The Chinese billionaire's crypto scheme was also known as "Himalaya Coin."
Crime
DOJ shuts down ChipMixer over $3B of cryptocurrency money laundering
Officials also charged one individual, Minh Quốc Nguyễn, in connection to the case.
Banking
Anchorage Digital lays off 20% of staff as other crypto-friendly banks shutdown
The federally charted bank is cutting staff due to regulatory uncertainties, according to a Bloomberg report.
Bankruptcy
NY regulators say Signature Bank closure unrelated to cryptocurrency
The New York State Department of Financial Services said that its closure of Signature Bank was unrelated to the bank's crypto ties.
Analysis
Bitcoin briefly breaches $26.4k only to tumble as prices fall again
Bitcoin's short-lived gains — which broke multiple resistance levels — represented a seven-month high before falling.
Regulation
SEC, DOJ investigating Silicon Valley Bank: WSJ
Two U.S. regulators have begun an early investigation into the failed Silicon Valley Bank, according to the WSJ.