ALSO: CoinDesk columnist Daniel Kuhn considers the European Parliament’s passage of crypto rules, which come as U.S. regulatory agencies seem to be backtracking in their efforts to find an effective regulatory approach.
Bitcoin Tumbles Below $28K on Coinbase Before Rallying
BTC’s price dipped to the lowest level since April 9. Ether also dropped, albeit less severely.
Crypto Stocks Post Large Losses as Bitcoin Price Slides towards $28K
Bitcoin miners were hardest hit on Thursday.
NFT Marketplaces Sales, Users Drop to Lows Not Seen Since 2021, Dune Data Shows
According to multiple dashboards compiled by researchers on analytics platform Dune, OpenSea and Blur are experiencing notable losses in daily users and sales.
Crypto Lending Protocol MakerDAO Approves Transferring a Maximum of $500M in USDC to Coinbase Custody for 2.6% Yield
The maneuver is part of MakerDAO’s earlier decision to move up to $1.6 billion of USDC stablecoins to Coinbase’s custody arm.
U.S. SEC Warns Advisers They Need to Know Crypto Before Recommending to Clients
The U.S. Securities and Exchange Commission (SEC) is advising brokers and investment advisers that they need to use heightened scrutiny when it comes to making crypto recommendations to ensure the risky products are in the best interests of their clients, the agency said in a new bulletin.
Web3 Security Startup Shield Raises $2.1M in Pre-Seed Funding
The company, a member of a16z’s Crypto Startup School, aims to create a security standard across Web3 projects through its API, Discord Bot and certification program.
Bitcoin’s Move Below 20-DMA Possible Short-Term Bearish Signal, Analysts Say
The world’s largest cryptocurrency by market value traded at a 10-day low and slipped below the 20-day moving average.
Crypto Exchange Coinbase Receives License to Operate in Bermuda
Coinbase (COIN) has obtained a license to offer its services in Bermuda as part of its international expansion efforts, the firm announced in a blog post on Wednesday.
Terraform Labs Co-Founder Do Kwon Faces Montenegro Indictment: Bloomberg
Prosecutors have sought to extend the detention period for Kwon along with his chief financial officer Han Chang-joon
Metropolitan Commercial Bank Is Almost Done Exiting Crypto Business
Metropolitan Commercial Bank is close to done with its exit from the cryptocurrency market with only $278.5 million in crypto-related deposits left, according to a filing with the Securities and Exchange Commission (SEC) from April 18.
CFTC Adviser Chris Perkins Says U.S. Risks Falling Behind in Crypto
Perkins, who is president of crypto VC CoinFund, published a set of 10 regulatory principles that form the basis of his advocacy role with the CFTC.
CoinFund Leads $8M Round for Decentralized Database Firm Tableland
The fundraise comes ahead of the network’s mainnet launch early next year.
1inch, Aggregator of Decentralized Crypto Exchanges, to Launch on Ethereum Rollup zkSync Era
The decentralized-exchange (DEX) aggregator, which nabbed $175 million in a 2021 series B funding round, is one of the biggest protocols yet to launch on a zero-knowledge EVM (zkEVM).
Ethereum Name Service to Work With MoonPay to Build Fiat On-Ramp
The partnership will create the ability for people to purchase .eth domain names with fiat currency for the first time.
Crypto Trading Firm Wintermute Plugs Into CoinRoutes Smart-Order Routing System
CoinRoutes won a patent in February for a “cryptocurrency smart-order router” designed to help trading firms reduce the costs of storing large reams of historical data.
DeFi-Focused Layer 1 Berachain Raises $42M Series A at $420.69M Valuation
The round was led by Polychain Capital and included participation from venture capital firms Hack VC, dao5, Tribe Capital, Shima Capital and Robot Ventures.
Decentralized Exchange Bancor Starts On-Chain Trading Platform Carbon
The platform allows users to create a single concentrated liquidity position that buys and sells in specific price ranges.
Staking Provider P2P.org Raises $23M From Big-Name Investors to Drive Institutional Offering
The investment comes from Web3 investor Jump Crypto, crypto exchange Bybit and digital asset bank Sygnum.
Blockchain Infrastructure Provider 0x Rolls Out New Suite of APIs
0x announced that its new platform is aimed at providing developers the tools to build financial products on crypto rails.