Digital Asset Treasuries
Stablecoins
Tether mints $1 billion USDT on Ethereum amid ETF anticipation
Market observers said this substantial minting activity would be used to provide liquidity for the market.
Crime
Inferno Drainer resumes operations, claims $250 million stolen from crypto users
The scam group said it is resuming operations due to increased demands and exit of other competitors.
Legal
SEC: Ripple’s bid to hide financial data in remedies briefing ‘unlawful’
The SEC argued that the information Ripple is looking to conceal ought to be made public.
Technology
First decentralized Web3 funding parachain Polimec goes live on Polkadot
Polimec's first evaluation will feature Apillon, a Web3 infrastructure platform for developers.
Technology
Potential US TikTok buyer plans to decentralize TikTok, could relay on Polkadot parachain
Frank McCourt wants to revamp TikTok into a platform focused on protecting users' data.
Crypto
Crypto investment inflows soar to $932 million after favorable CPI report
Grayscale's GBTC sees a rare week of inflow, while Ethereum crypto products continue their bearish run.
Bankruptcy
Gemini to return 97% of frozen assets in-kind to Earn users by month’s end
Gemini Earn users have had their assets frozen since November 2022.
Crime
Former Solana-based Pump.fun employee arrested after $1.9 million crypto exploit
The attacker advised the community to withdraw their assets from Pump.fun, while threatening further legal action.
Tokenization
Notcoin donates $7 million in tokens to Telegram and its founder Pavel Durov
Notcoin's NOT token was airdropped to the community on May 16.
Legal
Nigerian court denies bail to Binance executive, intensifying crypto industry tensions
Stakeholders warn that the continued detention of Binance executives in Nigeria could cause reputational damage for the country.
Technology
Hong Kong pilots first-ever digital yuan payment system for cross-border transactions
The Digital Yuan pilot scheme does not support peer-to-peer transactions.
Hacks
Infamous crypto scam service Pink Drainer shuts down after netting $85 million
Over the past year, three of the most popular "scam-as-a-service" provider has quit operations.