An Ethereum user used Aave’s V2 lending platform by depositing 7.5 million USDC as collateral.
Meme Coin BOB Tanks 45% After Elon Musk Calls its Twitter Bot Account a ‘Scam’
Musk had previously engaged with the Bob token bot several times, aiding a value rise.
Which altcoins will survive the SEC crackdown? Bitcoin OG explains
Bitcoin OG and educator Dan Held points out which crypto assets are most likely to avoid the ongoing SEC crackdown.
Sweat Economy DAO votes to repurpose $10M of idle tokens
The move-to-earn platform had 2 billion $SWEAT tokens locked up in inactive user accounts which the community has voted to be returned to a governance contract.
Crypto Exchange OKX Burns $258M of OKB Tokens in Record Move
OKX periodically buys back and burns the tokens to gradually reduce their supply on the open market.
SEC lawsuits squeeze net worths of Coinbase and Binance CEOs
Brian Armstrong and CZ have seen respective net worth losses of 11.8% and 5.1% since the SEC sued Coinbase and Binance.
Grinding out a living: Can blockchain games really offer a sustainable income?
Blockchain gaming executives believe the law has not yet caught up with the concept of earning a living through gaming.
Taurus deploys on Polygon blockchain for asset tokenization and custody
Taurus raised $65 million in a funding round three months ago. Its clients can now issue digital securities automatically.
Circle to launch ‘official version’ of USDC natively on Arbitrum
USDC stablecoin developer Circle will replace the current version of its token with one running natively on the Arbitrum network.
A House Bill Would Make It Harder for the SEC to Argue Crypto Tokens Are Securities
The five-page, bipartisan Securities Clarity Act by Representatives Tom Emmer and Darren Soto would significantly reduce uncertainty for both crypto investors and issuers, write Bain Capital Crypto’s Tuongvy Le and Khurram Dara.
Shiba Inu-Themed Floki Sees Trading Volume Surge Amid China Plans
Floki prices rallied on Sunday amid a bitcoin-led market push and bets on the token’s “China narrative.”
Binance suspends deposits for bridged tokens, seeks clarity from Multichain team
Transactions on the Multichain protocol have been delayed across multiple cross-chain bridges without a clear explanation.
Tornado Cash’s TORN Token Up 10% as Attacker Submits Proposal to Undo Attack
The proposal would revert Tornado Cash’s governance back to token holders, but not everyone in the community agrees that it’s a benevolent plan.
Airdrops are great, but be aware of the risks
Airdrops can be a great way to engage communities, but they also come with risks — from Sybil attacks to potential regulatory liability.
Bakkt delists majority of tokens from recently acquired Apex Crypto platform
The delisting included major tokens used in DeFi; the company said it was following “up-to-date regulatory guidance.”
Terra Luna crash anniversary: Community reflects on the lessons learned
The Terra Luna crash anniversary sparks reflections on the importance of liquidity, transparency and user protection in the crypto industry.
Ethereum validators earn a record $46M as staking rewards rate surges
Ethereum’s staking rewards hit a record 8.6% post-Merge, with validators earning $46 million in the first week of May, citing the memecoin craze responsible.
Private equity tokens aim to bring greater liquidity, transparency and accessibility
Despite a few reservations, tokenization stands to streamline the way retail and institutional investors can access the private equity market.
Defending against SEC to cost Ripple $200M, CEO Brad Garlinghouse says
Ripple CEO reveals $200 million spent on defending SEC lawsuit as he laments about U.S. crypto regulation and politics-first policy, advising entrepreneurs to avoid starting in the U.S.
Digitalization won’t displace commercial bank money any time soon: Moody’s
Even as digitalization increases, the commercial bank’s place in the economy is solid and will be supported by some new forms of money, the credit rating agency said.