Trading
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.
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On-chain sleuth Lookonchain reported that the bankrupt lender Celsius had withdrawn over 6000 ETH in April.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.
