Market
Hacks
US claims North Korea’s ‘Lazarus Group’ responsible for Axie Infinity hack
Authorities in the US have blacklisted an Ethereum wallet containing over 100,000 units of the stolen funds.
Banking
Circle plans to apply for US Bank Charter soon, lauds the OCC for cooperation
Circle CEO Jeremy Allaire is hoping the firm's positive relationship with regulators will help its banking license application when it is finally filed.
Stablecoins
Tether plans to reduce commercial debt holdings in its reserve, goes live on Kusama
Tether has reiterated its plans to reduce its commercial debt paper holdings.
Regulation
Major crypto exchanges in India disable fiat deposits amid regulatory uncertainty
India's payment system operator, revealed that it did not know that crypto exchanges were using its services for their operations.
Merge
Ethereum’s Merge will no longer happen in June, new date unknown
Tim Beiko has advised Ethereum miners to stop buying new mining equipments.
Analysis
75% of Bitcoin wallets are in profit despite bearish market
Glassnode data shows that 75% of Bitcoin wallets are in profit, compared to only 50% during the 2018 bear market.
Legal
Ex-Ethereum dev given 5 year sentence over helping North Korea evade sanctions
Virgil Griffith was warned against attending a crypto conference in North Korea but he refused to heed the warning.
Rumors
Ethereum wallet buys $400K worth of tokens 24-hours before their Coinbase listing
An Ethereum wallet bought roughly $400,000 worth of tokens that were going to be listed on Coinbase before the company made the information public.
Adoption
New NASDAQ survey reveals that spot crypto ETF in high demand by financial advisors
A NASDAQ survey revealed that about 72% of active financial advisors in the industry would likely invest their client's assets in crypto.
Exchanges
Report: Coinbase is least risky crypto exchange to trade on
Increased regulatory scrutiny has forced crypto exchanges to take a more proactive approach to protecting their users, according to CryptoCompare.
Merge
Ethereum tests first mainnet shadow fork in anticipation of Proof-of-Stake
Ethereum's "shadow fork" has over two million wallets connected to it and has completed around 4 million transactions.
NFTs
Floyd Mayweather launches new NFT project despite shady past in crypto space
The boxer is known for promoting failed crypto projects such as Bored Bunny, EthereumMax, and others over the past years.