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Source: Cointelegraph.com

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Binance ties SAFU fund to USDC: Is the fund missing out on potential gains?
Binance has exchanged a diversified $1 billion crypto portfolio in SAFU funds into USD Coin. Read full article
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Nasdaq-listed mining firm Stronghold Digital Mining for sale?
Stronghold announced its first quarter results for 2024 and revealed that it is considering a range of options to increase shareholder value including selling the business. Read full article
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MoonPay expands crypto options with PayPal integration
MoonPay users in the U.S. can now buy and sell 110 different cryptocurrencies using PayPal transfers via wallet, bank transfers or debit cards. Read full article
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Stacks active accounts reach record high amid growing interest in Bitcoin DeFi
The growing interest in Runes and Bitcoin DeFi will drive more activity to layer-2 networks, according to Stacks’ product manager. Read full article
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Friend.tech v2 airdrop could introduce non-transferable token
Making the token non-transferable could force users to pay the 1.5% Friend.tech platform fee in an “ironic” shift from the platform’s non-venture capitalist approach. Read full article
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How to short Bitcoin on Binance and Coinbase
Shorting Bitcoin on Binance and Coinbase is akin to a high-stakes gamble where mastering margin trading and futures contracts is key to tilting the odds in your favor. Read full article
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Hundred Finance hacker moves stolen assets a year after $7M exploit
The hacker holds about $4.3 million in various crypto assets in their Ethereum wallet. Read full article
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Bitcoin post-halving price consolidation could last 2 months, says Bitfinex
The Bitcoin halving is widely expected to have a positive impact on the price of the preeminent cryptocurrency, but analysts expect volatile price consolidation in the short term. Read full article
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Hong Kong Bitcoin ETFs not enough to absorb US ETF selling pressure
Despite the excitement around the Hong Kong ETF debut, the inflows are only a fraction of the selling from the U.S. ETFs. Could Bitcoin price revisit the $50,000 mark next? Read full article
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Microsoft pours $2.2 billion into Malaysia for cloud and AI expansion
In its statement, Microsoft will collaborate with Malaysia to establish a national AI Center of Excellence and enhance cybersecurity capabilities. Read full article
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Indian enforcement agency collaborates with Binance to bust scam app
The law enforcement agency managed to track the funds linked to the E-Nugget scam app to different crypto exchanges and, with their help, seized over $10.5 million in crypto assets. Read full article
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LayerZero cross-chain interoperability protocol completes first airdrop snapshot
LayerZero’s ZRO perpetual futures contract is trading at $8.6 on Hyperliquid, the world's largest perps DEX, suggesting a potential $17 billion fully diluted valuation. Read full article
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Bitcoin dumps 'bull market excess' as daily ETF outflows pass $500M
BTC price action spooks ETF investors, data shows, but there is reason to believe that Bitcoin is seeing a broadly healthy correction. Read full article
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Bitcoin halving sees Bitfarms’ BTC mining earnings plummet
Bitfarms is actively working to triple its current hash rate capacity to 21 exahashes per second (EH/s) with a $240 million investment. Read full article
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FBI busts $43M crypto and Las Vegas hospitality Ponzi scheme
The FBI arrested a New York resident for defrauding investors of at least $43 million in a multi-year Ponzi scheme that included a Las Vegas hospitality business and crypto trading operation. Read full article
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Pike Finance clarifies ‘USDC vulnerability’ statement on $1.6M exploit
Pike highlighted that the exploit occurred due to their team’s inadequate integration of third-party technologies such as the CCTP or Gelato Network’s automation services. Read full article
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Nigeria’s Patricia Exchange CEO debunks closure rumors
Patricia CEO Fejiro Hanu said they are currently awaiting the prosecution and conviction of the other suspects involved. Read full article
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Arkansas bills reining in crypto miners heads for governor approval
Arkansas Governor Sarah Huckabee Sanders is expected to sign the bills into law which will regulate miners’ noise, water use and licensing. Read full article
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Synethix founder Kain Warwick targets mid-May launch for Infinex DEX
The Infinex front-end DEX is targeting a May 13 launch, pending a final vote from Synthetix’s governing council. Read full article
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Bitcoin’s dominance ‘likely peaked’ as altcoins ’start to wake up’ — Analyst
Bitcoin’s dominance in the crypto market is “now losing major support” and potentially has even “peaked” according to crypto analysts. Read full article
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Crypto firms among ‘greatest risks’ for money laundering in 2022-2023: UK govt
Crypto firms, wealth management companies, and retail and wholesale banking remain “particularly vulnerable” to financial crime, according to a U.K. Treasury report. Read full article
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DeFi lending giant Aave unveils V4 protocol overhaul
Aave Labs shared a proposal for the next version of its protocol, which included improvements to its stablecoin, GHO. Read full article
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Bitcoin 4% dip may ‘panic’ short-term holders as price falls below average cost
Bitcoin short-term holders are currently holding a 3% unrealized loss but it “isn’t the end of the world,” according to a crypto analyst. Read full article
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BlackRock’s Bitcoin ETF sees first outflow day as US ETFs notch record bleed
BlackRock’s IBIT saw around $37 million in outflows for the first time while the remaining spot Bitcoin ETFs collectively notched over $526.8 million in outflows. Read full article
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US probes Jack Dorsey’s Block, Inc. over financial transactions: Report
U.S. prosecutors are reportedly investigating the fintech firm after a whistleblower claimed it processed thousands of transactions for users from sanctioned countries and terrorist groups. Read full article
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MicroStrategy to launch Bitcoin-based decentralized ID solution
MicroStrategy has already built an application on “MicroStrategy Orange” — Orange For Outlook — which integrates digital signatures into emails to verify the identity of the sender. Read full article
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Bitcoin miner Riot Platforms reports record $211M Q1 net income
Riot’s net income was boosted by a 131% year-on-year increase in Bitcoin’s price despite the cryptocurrency becoming more difficult and expensive to mine. Read full article
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States’ backlash against Binance.US continues with 6th license pulled
Oregon joins five other states that have delicensed Binance.US after former Binance CEO Changpeng Zhao pleaded guilty to felony charges. Read full article
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Bitcoin traders set $50K price target after BTC falls below key support level
Bitcoin’s prolonged correction is driven by a sharp decrease in demand for nearly all investor cohorts. Read full article
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Solana-to-Bitcoin cross-chain bridge aims for Q3 2024 launch
The ZPL-powered zBTC token will allow Bitcoin holders to engage with the Solana DeFi ecosystem. Read full article
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Proposed US bill wouldn’t allow taxing block rewards at acquisition
If incorporated into U.S. tax law, the bill would require block rewards from proof-of-work and proof-of-stake networks to be taxed when sold rather than when they were acquired. Read full article
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3 signs hint that Bitcoin price is nearing a bottom
The result of today’s Federal Reserve minutes, Bitcoin miners’ robustness and increasing stablecoin demand in China could be signs that BTC has bottomed. Read full article
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Jerome Powell’s pivot heralds a boring summer for Bitcoin
The Federal Reserve isn't sticking with the schedule of interest rate cuts it predicted earlier in the year. That makes navigating the market more challenging. Read full article
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Ankr expands Bitcoin liquid staking tokens to AI blockchain Talus
The Bitcoin LSTs can be used to power the Talus blockchain's virtual artificial intelligence assistants. Read full article
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Yuga Labs restructures again, EU touts metaverse health benefits: Nifty Newsletter
Yuga Labs CEO Greg Solano said intricate corporate processes muddied the company’s creative spirit. Read full article
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VC Roundup: Gaming investments surge 94% in Q124 as market rebounds
This edition of Cointelegraph’s VC Roundup highlights Tevaera, AVALON, Uncharted, Contango, and Movement Labs. Read full article
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Securitize raises $47M in strategic funding led by BlackRock
Crypto firms Aptos Labs, Paxos and Circle also took part in the funding that bodes well for the future of real-world asset tokenization. Read full article
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Changpeng Zhao gets 4 months, Sam Bankman-Fried gets 25 years — Why?
One former CEO went to trial and maintained his innocence, one admitted fault and turned himself in. Read full article
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Price analysis 5/1: BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA, AVAX, SHIB
Bitcoin’s drop to $56,500 crushed bullish traders’ sentiment and took a heavy toll on altcoin prices but are generational buying opportunities emerging? Read full article
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Meme coins: Betrayal of crypto’s ideals… or its true purpose?
Meme coin fans think “serious” crypto investors are mid-curving it. Serious crypto investors think meme coin fans are idiots. Read full article
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Bitcoin down 20%+ from all-time highs — Is BTC price headed to $50K?
While the current correction remains in line with historical price corrections, Bitcoin could briefly fall to the $50,000 mark after losing the average ETF inflow mark of $59,000. Read full article
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Figment takes over staking services for Dutch exchange Bitvavo
Institutional staking platform Figment will become Dutch exchange Bitvavo’s new staking infrastructure provider. Read full article
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FanSociety creator explains how NFTs can bring musicians and fans together
Fans want to journey alongside their favorite musicians as they explore their creativity and expand their catalog. FanSociety hopes to be the Web3 platform that makes this possible. Read full article
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Is Bitcoin price bouncing at 57K? Here's why these levels are key
Bitcoin is lingering near the $57,000 mark into FOMC, but is that the last the market will see when it comes to snap BTC price downside? Read full article
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Bitcoin L2s set to explode as Runes congest BTC network
High transaction fees and network congestion from the Runes protocol are increasing demand for Bitcoin layer-2 solutions. Read full article
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Tether nets record $4.52 billion profit in Q1 2024 — majority from Bitcoin and gold
The majority, or $3.52 billion of the profit, stemmed from the firm’s financial gains on Bitcoin and gold, while the additional $1 billion came from operating profits. Read full article
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Losses from crypto hacks plunge 67% in April to $60 million
The amount stolen through crypto hacks, along with the number of successful attacks, has seen a sharp decline in April. Read full article
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Chainlink to join Rapid Addition in building blockchain adapter for institutions
Chainlink Labs’ Vince Turcotte told Cointelegraph that they expect digitally-native institutions to be the first to adopt the integration. Read full article
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The reasons Bitcoin price is down 11% since the halving
Bitcoin’s current price action is “hardly a surprise” given the extraordinary bullish action leading up to the fourth halving. Read full article
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Extradition papers ready for Binance’s Anjarwalla, says INTERPOL Africa
The Interpol official did not confirm that Anjarwalla is currently held in Kenya but noted that the fleeing crypto executive was last seen in the country. Read full article
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Curve Finance awards dev $250k for finding reentrancy vulnerability
Curve Finance awarded cybersecurity researcher Marco Croc with its maximum bug bounty award of $250,000 after thoroughly investigating the security flaw. Read full article
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Chinese police capture StarkNet airdrop identity forger: Report
The suspect has claimed over 40,000 STRK tokens that belonged to victims before converting them to over 90,000 USDT. Read full article
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Pike Finance exploited for $1.6M in second incident in 3 days
A smart contract vulnerability led to nearly $2 million worth of lost funds within three days on Pike Finance, which is offering a 20% reward for the stolen assets. Read full article
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Boda boda blockchain boost: How tech is tracking Africa’s motorbike taxis
Nodle’s underlying blockchain infrastructure will enable real-time location data of motorcycle taxis in East Africa financed by Watu. Read full article
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Crypto veterans call out DOJ for targeting Roger Ver a decade after he left US
A majority of the crypto community criticized the US government for its indictment against Ver, and a few users called it a part of the larger anti-crypto stance of the Biden administration. Read full article
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Chinese police capture StarkNet airdrop identity forger: Report
The suspect has claimed over 40,000 STRK coins that belonged to victims, before converting them to over $90,000 USDT. Read full article
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Bitcoin price loses $60K support to hit 2-month lows
Bitcoin traders feel the sting of $160 million liquidations as BTC price returns to levels not seen since February. Read full article
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EigenLayer sees over 12,000 queued withdrawals. How far will TVL fall?
Mass withdrawals started on April 29, after EigenLayer's decision to ban U.S. and Canada-based participants from its upcoming airdrop. Read full article
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Nigeria restricts fintech onboarding to stop KYC-evading crypto investors
Nigerian fintech firms OPay, Kuda Bank, Moniepoint and PalmPay were directed to pause the creation of new accounts amid an ongoing audit of their KYC processes. Read full article
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What happens to lost Bitcoin?
Billions of dollars worth of Bitcoin are trapped in digital limbo. Discover the strange world of lost Bitcoin and what it means for the future of cryptocurrency. Read full article
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Changpeng Zhao’s 4-month sentence a ‘general deterrence,’ says lawyer
CZ’s charges are serious, justified, and “sent a message” to the industry that compliance “must be taken seriously,” says lawyer and RMIT lecturer Dr. Aaron Lane. Read full article
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XRP, SOL, and DOGE open interest falls combined 51% in the last month
Dogecoin’s open interest saw the steepest decline among the top ten cryptocurrencies by market cap, falling 64% since the start of April. Read full article
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Vitalik Buterin breaks down ‘Binius’ as a way to speed up zero-knowledge proofs
The Ethereum co-founder expects “many more improvements” in binary-field-based proving techniques in the months ahead. Read full article
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RWA protocols are closing in on $8B total value locked: Messari
The TVL across real-world asset tokenization protocols has surged almost 60% since February, says blockchain analytics firm Messari. Read full article
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Fantom bets on ‘safer memecoins’ with launch of $6.5M dev fund
Fantom Foundation CEO Michael Kong hopes the blockchain can “replicate the success” of its peers by getting in on the memecoin hype. Read full article
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‘Pretty ordinary stuff’ — Traders seem unfazed by Bitcoin correction
Crypto traders are stressing that the Bitcoin price correction is “exactly what the cycle needs” right now. Read full article
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‘No signs’ of Bitcoin miner capitulation despite plummeting revenue
CryptoQuant CEO Ki Young Ji said that despite a drop in Bitcoin mining revenues since the halving, Bitcoin miners haven’t shown any signs of capitulation. Read full article
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BlackRock's BUIDL becomes the world’s largest tokenized treasury fund
It took less than six weeks for the BlackRock USD Institutional Digital Liquidity Fund to surpass Franklin Templeton’s one year old tokenized treasury fund. Read full article
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Bitcoin’s ‘euphoria phase’ cools, but a BTC bottom could be near — Glassnode
Data suggests that newer investors are behind Bitcoin’s sell-off, but sell-side exhaustion will eventually mark BTC’s price bottom. Read full article
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US Court to hear proposed remedies from Terraform Labs, Do Kwon in May
The SEC proposed that Do Kwon and Terraform pay roughly $5.3 billion in disgorgement, prejudgment interest and civil penalties, while the firm’s team suggested only $1 million. Read full article
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CZ sentenced: A chronology of Binance’s legal battles in the US
Former Binance CEO Changpeng “CZ” Zhao was sentenced to four months in prison for violating U.S. money laundering laws. Read full article
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Physical version of gold-backed token replaces Zimbabwe dollar
The country has struggled with an unstable currency for years, but now it will have one backed by reserves three times larger than its issuance. Read full article
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Changpeng Zhao four-month prison sentence lighter than expected
Prosecutors initially sought to charge the former Binance executive with 36 months. Read full article
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Bitcoin DeFi ecosystem thrives despite market correction
The Bitcoin DApp ecosystem has been reinvigorated by the invention of native protocols such as Ordinals and Inscriptions last year. Read full article
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Bitcoin falls under $60K as BTC‘s futures premium drops to a 5-month low
Bitcoin price revisits recent lows as the BTC futures premium falls to a 5-month low. Is the bull market over? Read full article
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Ex-Binance CEO Changpeng Zhao sentenced to four months in prison
Changpeng Zhao, also known as CZ, pleaded guilty in November to violating U.S. money laundering laws and had been free to travel in the United States on a $175 million bond. Read full article
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US Justice Dept charges Roger Ver with tax fraud
Early crypto investor ‘Bitcoin Jesus’ faces extradition to the U.S. after being charged with evading nearly $50 million in taxes. Read full article
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Coinbase integrates Lightning Network for Bitcoin transactions
The integration brings instantaneous transfers on the layer-2 Lightning Network to the world’s biggest Bitcoin exchange. Read full article
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Hong Kong Bitcoin and Ether ETFs attract over $200M on day 1
The amount of assets under management remains muted compared to the billions of dollars attracted by U.S. spot Bitcoin ETFs in January. Read full article
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April sees $25M in exploits and scams, marking historical low ― Certik
Losses from hacks and scams reached their lowest level since 2022 when Certik first started recording the data, as flash loan attacks and private key hacks decreased. Read full article
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Bitcoin sells the news on Hong Kong ETF debut — Will BTC hold $60K?
Bitcoin could continue its decline below the $60,000 psychological mark after the debut of Hong Kong ETFs proved to be a sell-the-news event. Read full article
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Patrick McHenry accuses Gary Gensler of misleading US lawmakers over Ether
The chair of the U.S. House Financial Service Committee alluded to claims in Consensys’s recent lawsuit against the SEC, suggesting an investigation into Ether as a security. Read full article
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Web3 gaming won’t exist in 5 years, $656K for best crypto game pitch: Web3 Gamer
Crypto VCs reveal why last cycle’s games sucked, Mega Cricket League review, plus $656K up for grabs in crypto game Shark Tank: Web3 Gamer. Read full article
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Bitcoin sub-$60K levels in focus after daily crypto liquidations near $300M
Bitcoin bears are out in force with BTC price trajectory quickly headed back to $60,000. Read full article
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Is mysterious ΑΙ ‘gpt2-chatbot’ OpenAI's next upgrade in disguise?
A powerful new AI chatbot called “gpt2-chatbot” appears on LMSYS Chat and has sparked speculation whether it could be OpenAI's unreleased GPT-5 or a supercharged GPT-2. Read full article
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BlackRock’s Bitcoin ETF daily inflow on halt for 4 days
While some crypto observers are concerned about IBIT’s inflow halt, others say it’s more normal than the 71-day inflow streak it has recorded. Read full article
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London’s ‘Joe Rogan’ and crypto advocate Brian Rose makes bid for mayor
The former Wall Street and City of London banker is making his second bid to become mayor of London. Read full article
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Web3 gaming needs to shift from play-to-earn to 'play-and-earn' — Bitget
The industry could see a shift towards player-centric Web3 games this cycle, as Web2 founders enter the GameFi space, according to Bitget’s managing director Read full article
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Blockchain gaming firm Animoca Brands 'comes to Bitcoin'
Animoca’s move into Bitcoin involves the Opal Protocol and BLIF token, initiated by Animoca and Darewise. Read full article
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Safe token drops 42% after enabling transfers
Safe’s decentralized autonomous organization enabled token transferability on April 23 after achieving several milestones. Read full article
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Karak has 'good chance' of becoming next EigenLayer after EIGEN airdrop disappointment
EigenLayer’s decision to ban U.S. and Canada-based airdrop participants could lead to a mass exodus to other restaking protocols. So will Karak become the next EigenLayer? Read full article
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Dead protocol leaks crypto funds from hacked pool
Approximately $181,000 worth of crypto assets was drained from Yield Protocol’s strategic contracts present on the Arbitrum blockchain. Read full article
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Hong Kong Bitcoin and Ether ETFs have tough debut on first-day trading
Bitcoin and Ethereum spot ETFs began trading in Hong Kong, but day-one trading volumes were a fraction of those recorded in the United States in January 2024. Read full article
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Apple poaches Google AI staff, creates ‘secretive’ laboratory: Report
Apple has reportedly been luring experts from Google in its efforts to catch up with Big Tech companies in the race to develop and deploy high-level AI models. Read full article
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ZK systems will have their ChatGPT moment: Telos Foundation
Cointelegraph asked professionals working with zero-knowledge technology to get their insights on the current state of ZK. Read full article
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Ripple breaks ground in Japan, SBI Group to use XRPL for supply chain solutions
Ripple has partnered with HashKey DX to introduce XRP Ledger-based blockchain solutions to the Japanese market. Read full article
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Bitcoin price battles for $63K support amid warning bulls 'complacent'
Bitcoin ETFs hitting Hong Kong excite markets overnight, but overall BTC price conditions remain precarious, analysts say. Read full article
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How to buy Bitcoin in Malaysia
Learn how to safely purchase Bitcoin in Malaysia, exploring legal regulations, various purchasing methods and essential considerations for security and accessibility. Read full article
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New record: Bitcoin processes 1.6M confirmed payments in a day
The launch of Bitcoin Runes played an important role in the spike in the total number of transactions over the Bitcoin network. Read full article
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Elon Musk’s X to remove likes and reposts from timeline within ‘weeks’
Some believe the change could help cut down engagement-farming posts on the platform — something Crypto X may be all too familiar with. Read full article
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