Legal
Kraken spotlights SEC inability to identify ‘investments contract’ in digital assets
Kraken argued against the SEC’s expansive view on digital assets.
Oluwapelumi Adejumo 2 min read 
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Oluwapelumi Adejumo 2 min read 
Bankruptcy
BlockFi to shut down web platform, turn to Coinbase as distribution partner
Coinbase could also distribute funds that BlockFi receives from FTX.
Adoption
Robinhood CEO says SEC unwilling to facilitate crypto industry despite ‘good faith’
Tenev told CNBC that Robinhood met with the SEC 16 times in an effort to register and comply with rules, but the regulator was unwilling to engage.
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Memecoins
Former President Donald Trump-related memecoin lead market following new crypto promises
Trump shifts stance on crypto, plans to accept digital asset donations for 2024 campaign.
Exchanges
Binance accused of firing whistleblower for internal market manipulation report
Binance faces allegations of dismissing its market surveillance head after he reported potential manipulation by major client, despite the exchange's claims of strict surveillance and zero tolerance for abuse.
Legal
SEC delays crypto wallet provider Exodus’ NYSE American listing amid ongoing scrutiny
The company said it was disappointed with the financial regulator's decision.
Mining
Core Scientific reports $210.7 million in Q1 net income, 2,825 BTC production
The company plans to shift 500 megawatts of its infrastructure to high-power computing.
Earnings
Robinhood crypto trading volume up 224% YoY to $36 billion in Q1
The company also reported record revenues of $618 million for the quarter.
Regulation
Biden administration to veto overturning of controversial SEC crypto rules
The controversial SEC bulletin impacts banks' ability to work with crypto.