Markets
Circle CEO Blames US Crypto Crackdown for USDC Market Cap Drop
Circle CEO Jeremy Allaire says US regulators' crackdown on cryptocurrencies is a major factor in its stablecoin's USD Coin drop.Sherry CantwellNY Fed policy change could derail Circle's Fed payments rail goal
The New York Fed issued new rules for counterparties wishing to use its money market balancer, creating uncertainty about stablecoin issuer Circle's intentions to use the Fed's system.James DeanBelgian Crypto Platform Bit4You Suspends Operations After CoinLoan Cessation
Belgian cryptocurrency exchange Bit4You has suspended all operations, including withdrawals, amid an insolvency investigation of one of its main partners.Martha GrizzardKraken asks San Francisco court to intervene in IRS request
Cryptocurrency exchange Kraken is battling the IRS and its demands to turn over key exchange user information to the courts. The exchange dismissed the IRS request for customer information as an "unreasonable treasure hunt."Hallie GillCelsius Creditors Demand Transparency on 'Dubious' FTX Transactions
Celsius Creditors Claim Some FTX Users Engaged in Shady Transactions That Could Manipulate Celsius Prices, Tokens of 2022. Creditors are seeking the help of a bankruptcy judge to uncover the identities of the users in question.Sherry CantwellHong Kong Securities Regulator to Publish Crypto License Guidelines in May
Hong Kong's Securities and Futures Commission (SFC) will reportedly release guidelines for cryptocurrency trading licensing next month.Barry StidhamCircle CEO Warns of Aggressive and Accelerating De-Dollarization
Jeremy Allaire, CEO of stablecoin issuer Circle, said the US must implement stablecoin legislation and digitize the US dollar to ease the current “very active de-dollarization process” around the world.Craig GreenNew York Investment Bank Says 'Crypto Winter Is Over', Bullish on Coinbase's Outlook
Wainwright, an analyst from the well-known New York investment bank HC, announced the end of the "encryption winter".Christopher SmithMetaverse's positive Q1 performance dragged down by $4B loss in Metaverse unit
Meta's metaverse unit and Reality Labs lost nearly $4 billion, while the first quarter was strong for Mark Zuckerberg's social media empire, which ended up with a profit of $5.7 billion.Cornell RachelCertiK to Launch Compensation Program for $2M Merlin DEX Bug
Blockchain security firm CertiK is launching a compensation plan to cover $2 million lost during the public sale of decentralized exchange Merlin's MAGE token.Wayne IngramCFTC Proposes Reduced Anonymity to Manage Risk
US Commodity Futures Trading Commission (CFTC) Commissioner Christy Goldsmith Romero has proposed reducing the anonymity of cryptocurrencies as a means of managing risks associated with digital assets.Jerry McNeillRomania Joins Web3 Through National NFT Marketplace
Romania's National Informatics Research and Development Institute (ICI Bucharest) aims to drive Web3 adoption in the country by launching an in-house non-fungible token trading platform.Sherry CantwellVitalik Buterin Discusses Technology, Identity with Indian Yogi Sadhguru
Emerging technologies such as blockchain are ushering in a new era of human interaction with the digital world. It's an ever-evolving topic for thought leaders inside and outside the industry trying to predict how such technologies will enable changes in the human experience.Craig GreenSolana Labs' ChatGPT Plugin Allows AI to Fetch Blockchain Data
Solana Users will soon be able to interact with the network through an open-source plugin enabled on OpenAI's artificial intelligence (AI) chatbot, ChatGPT.Martha GrizzardMost creditors want Hodlnaut liquidated
Creditors of Singapore-based cryptocurrency lender Hodlnaut have reiterated their desire to liquidate the company, which has been under judicial administration since August 2022. Interim Judicial Manager (IJM) Aaron Loh Cheng Lee on the notification of the updated case.Jerry McNeillGoogle Cloud Expands Web3 Startup Program With 11 Blockchain Firms
Tech conglomerate Alphabet has expanded its Google for Startups cloud program.Sherry CantwellCoinbase's Base Network Gets OpenZeppelin Security Integration
The OpenZeppelin Defender smart contract security platform is now integrated with Coinbase's Base network, allowing Web3 application developers on Base to automate security tasks.Sherry CantwellGeorgian Vendors Get Crypto Payment Option Through New Partnership
Gate Pay, the cryptocurrency payment service provided by cryptocurrency exchange Gate.io, has partnered with CityPay.io, a Georgia-based startup specializing in crypto payments. The partnership will enable more than 600 merchants in Georgia to enjoy the benefits of crypto payments alternative for their products and services.Jerry McNeillMaple Finance Launches US Treasury Yield Pool
Blockchain-based institutional capital marketplace Maple Finance has launched a pool of US Treasury debt for non-US-accredited investors and entities.Hallie GillSolana Launches Emissions Dashboard to Improve Blockchain Carbon Footprint Transparency
The Solana Foundation, in partnership with data platform Trycarbonara, has announced the launch of a real-time tracking dashboard for measuring carbon emissions on the Solana blockchain.Cornell Rachel
