Market
Tokenization
Filecoin Foundation rejects SEC’s classification of FIL as security
Filecoin Foundation described the blockchain network as "a decentralized, peer-to-peer network for storing files."
Tokenization
BlackRock-labeled wallet nets $2.4M from PEPE
A wallet labeled BlackRock withdrew 1.27 trillion in PEPE tokens worth $1.98 million from Binance to four addresses on May 18.
Exchanges
Coinbase Cloud to run Chainlink node to advance smart contract connectivity
Coinbase Cloud already runs nodes and manages blockchain data infrastructure on several blockchain networks like Ethereum, etc.
Bankruptcy
FTX sues SBF, others over ‘worthless’ fintech company acquisition
FTX liquidators said no investor was willing to pay more than $1 million for the company less than four months after SBF acquired it.
Tokenization
Bitboy dumps eponymous crypto tokens after promising not to sell
Bitboy defended his sales, saying the BEN token has a new backer struggling to move funds through traditional accounts.
Exchanges
Binance Australia can’t process Australian Dollar fiat deposits
Several Binance subsidiaries are struggling to find new banking partners following increased regulatory scrutiny.
Regulation
Pakistan does not plan to legalize crypto trading
In 2018, the State Bank of Pakistan (SBP) said cryptocurrency was not a legal tender or backed by the government.
Exchanges
WazirX says Binance controls its WRX token
The WazirX team said Binance currently holds 580.7 million units (roughly $74.5 million) of locked and unlocked WRX tokens
Stablecoins
Tether USDT to strengthen reserves with Bitcoin purchase
Tether CTO Paolo Ardoino said Bitcoin "is the epitome of a sound and secure monetary system" due to its scarcity and decentralization.
Gaming
Axie Infinity AXS jumps 12% following app launch on Apple iOS
The Axie Infinity game would be available in selected Asian and Latin American countries like Argentina, Colombia, Peru, Malaysia, etc.
Regulation
Crypto advocacy group criticizes UK Treasury Committee recommendation to regulate crypto like gambling
CryptoUK said the U.K. Treasury Select Committee failed to "reflect the true nature, purpose and potential of the crypto industry,"
Legal
Ripple XRP rises 7% after judge denies SEC’s motion to seal Hinman documents
Ripple CEO Brad Garlinghouse described the judgment as another win for transparency. XRP grew 7% following the news.