Market
Tokenization
Lido anticipates ‘large withdrawals’ as users’ staked Ethereum withdrawal requests increase
Liquid staking protocol Lido said it has around 440,000 ETH in its buffers to "absorb" large-scale Ethereum withdrawal requests.
Exchanges
OKX follows Binance in enabling support for Bitcoin Ordinals
Besides supporting Ordinals, OKX said it would integrate the Bitcoin Lightning Network into its wallet for users.
Exchanges
Justin Sun accuses Huobi’s founder’s brother of freeloading on HT token
Huobi founder Li Lin reportedly promised to pay a 10-times compensation if Justin Sun's allegations are true.
Banking
SVB former CEO ties collapse to rumors, Fed Reserve’s interest rate hike
Becker described the Fed's interest hike as the "steepest rate increase over a 12-month period in almost 40 years."
Exchanges
Coinbase says SEC response reinforces concern about the regulator actions
The SEC wants the court to reject Coinbase's request for a new regulatory framework for the crypto industry.
Bankruptcy
Bankrupt lender BlockFi to liquidate lending platform
BlockFi said the amount its creditors will get depends on the outcome of its pending suit against bankrupt Alameda Research, FTX, others.
Tokenization
Lido rallies 12% as it enables staked Ethereum withdrawals
The Lido V2 upgrade would allow users of the decentralized staking protocol to withdraw locked staked ETH on the platform.
Legal
South Korea prosecutors investigating lawmaker’s crypto accounts
The South Korean lawmaker has denied violating any law, as no rule requires lawmakers to report their cryptocurrency transactions.
Bankruptcy
Bankrupt Celsius stake $57M worth of Ethereum: Arkham
On-chain sleuth Lookonchain reported that the bankrupt lender Celsius had withdrawn over 6000 ETH in April.
Crime
North Korean hackers steal $497M in crypto from US businesses
Since 2017, the North Korea-backed hackers stole $721 million from Japan — equating to 30% of their illicit wealth.
Regulation
US DOJ ramps up crypto scrutiny: targets crypto exchanges, DeFi hackers
The DOJ would crack down on crypto platforms like exchanges, mixers, and tumblers that enable malicious players to carry out their crimes.
Layer-2
Cardano’s hydra scaling solution goes live on mainnet as Ethereum gas fees surge
Cardano's hydra scaling solution will effectively reduce fees and improve transaction speed on the network.