Bitcoin is down slightly at $19,854
Ethereum is down slightly at $1476
and Binance Coin down slightly at $275

EthPoW slides 60% after mainnet launches

Magna closes $15M funding round

FTX in the lead for Voyager's assets.

Investors add 74M to Valkyrie's holdings.

TrueLayer announces layoffs.

Links:

• A message from TrueLayer CEO | TrueLayer
• Magna Token Management Raises $15M in Seed Funding Led by Tiger Global and Tusk Venture Partners
• FTX Is in the Lead to Buy Crypto Lender Voyager Digital’s Assets Out of Bankruptcy: Source
• ETHPoW (ETHW) plunges over 60% a day after mainnet launch
• Valkyrie raises $73.6M for crypto-focused trusts

Bitcoin is up slightly at $20,996
Ethereum is up .5% at $1222
and Binance Coin is up .5% at $239

Harmony attacker moving funds

Two arrested after plotting to hold someone hostage for BTC in NY state.

Robinhood price jumps on rumors of FTX acquisition

Alan Howard's Geometry emerges from stealth

Yuga Labs files lawsuit over copycats

Kaiko raises 53M series B

Links:

• Sam Bankman-Fried’s FTX Is Seeking a Path to Buy Robinhood (HOOD) - Bloomberg
• Two charged for alleged plan to steal tens of millions of dollars in bitcoin from New York home
• Harmony 💙 on Twitter: "1/ We are aware the hacker has begun to move funds through Tornado Cash. The team is working with two highly reputable blockchain tracing and analysis partners, and collaborating with the FBI as part of an investigation into this criminal act. 🧵" / Twitter
• Crypto Data Company Kaiko Raises $53 Million During Market Rout - Bloomberg
• Alan Howard-Backed Cryptography Investor Geometry Emerges From Stealth
• The Bored Ape Gazette🍌 on Twitter: "https://t.co/ZgZEbk6lTC" / Twitter

Bitcoin is down slightly at $19,161
Ethereum is up slightly at $1000
and Binance Coin is down .5% at $202

Meta launches Avatar Store with Balenciaga, Prada and Thom Browne.

Decentraland DAO votes to give Decentraland Games a $1M grant in MANA.

FTX acquires Bitvo

Immutable launches 500M venture fund for web3

Links:

• Immutable Launches $500 Million Developer and Venture Investment Fund to Accelerate Adoption of Web3 Games and Projects
• FTX Acquires Alberta-Based Restricted Dealer to Expand Canadian Presence
• Meta is launching an avatar store, and designer clothes are the first products - The Verge
• Decentraland DAO votes to give Decentral Games $1 million grant

Bitcoin is down .5% at $20,938
Ethereum is down 1% at $1090
and Binance Coin is down 1% at $217

Elon Musk named in class action lawsuit over Dogecoin

Babel Finance suspends client withdrawals

3AC has been liquidated by FTX, Deribit and BitMEX according to the Block

Bitso passes $1B in crypto remittances

Circle announces euro-backed stablecoin

Bitcoin is down slightly at $29,623
Ethereum is down .5% at $1765
and Binance Coin is down .5% at $298

The Graph up 15%

Central African Republic announces plans to tokenize the country’s minerals.

FTX launches a licensed crypto exchange service in Japan

Binance Labs has lost two veteran employees

Ethereum mining revenues fell across the month of May

Bermuda is still building crypto destination despite downturn.

Links:

• Faustin-Archange Touadéra on Twitter: "The next step for us, the Central African Republic is the democratization & tokenization of resources, a new chapter with tremendous possibilities. This #vision & strategy will open unique #opportunities for #investors #worldwide. #CAR #RCA https://t.co/v7mzlsUeTw" / Twitter
• FTX Launches FTX Japan to Service Japanese Market
• Binance Labs loses top two executives
• May by the numbers: A look at crypto exchange volumes, open interest, and miner revenue
• Bermuda Doubles Down on Crypto Despite Recent Market Turmoil - WSJ

Bitcoin is up slightly at $38,701
Ethereum is up 1% at $2,580
and Binance Coin is up .5% at $379

Metis up 19%

Prolific DeFi developer Andre Cronje has wrapped up his time in DeFi causing ex-projects to slide.

FTX announces launch into Europe

Binance restores service in Europe

The Philippines central bank is launching a CBCD research effort.

Brantley Millegan to stay on as a director of the ENS foundation after a vote to oust him fails.

Links:

• ENS proposal: [EP6.1] [Social] Removal of Brantly Millegan as Director of The ENS Foundation
• Dozens of Tokens Tumble as Prolific Developer Andre Cronje Calls It Quits
• FTX Continues Global Expansion with the Establishment of FTX Europe
• Binance Fully Reopens EUR and GBP Bank Transfer via SEPA and Faster Payments | Binance Support
• Philippines central bank to launch CBDC research effort

Bitcoin is down slightly at $38,633
Ethereum is up slightly at $2,789
and Binance Coin is up slightly at $384

Quant Network, up 16%

The FSCA regulator in South Africa issues warnings on FTX and Bybit.

MicroStrategy picks up another $25M in bitcoin.

NFT collector Larry Lawliet scammed — loses $2.7M.

FTX is acquiring Japanese exchange Liquid.

Links:

• Acquisition of Liquid by FTX
• larrylawliet.eth on Twitter: "I lost all my apes and mutants just now, any one bought it??? pls touch me! https://t.co/AN5IMt2ntu" / Twitter
• Microstrategy 8-K
• South African Regulator Issues Warning on FTX, Bybit

Bitcoin is up slightly at $42,243
Ethereum is up slightly at $3,225
and Binance Coin up .5% at $475

Secret Network, up 20%

Brazil’s Rio De Janeiro is moving to allocate 1% of its treasury reserves to BTC

Short traders lose big on Elon Musk's Tesla taking Dogecoin for merch.

Crypto Exchange FTX sets up $2B fund

Gap is dropping a NFT collection on the Tezos blockchain

Visa and ConsenSys developing new infrastructure to support the rollout of CBDCs

Links:

• Gap Launches Gamified Collectible NFT Experience to Activate Community, Creativity and Self-Expressi | Gap Inc.
• Rio de Janeiro mayor plans to invest 1% of the city's treasury in bitcoin
• Crypto Exchange FTX Sets Up $2 Billion Venture Fund - WSJ
• Dogecoin Surge Sees Short Traders Lose $8M After Tesla Store Addition
• Envisioning a future of central bank digital currencies for everyone ever | Visa

Bitcoin is down .5% at $49,299
Ethereum is down .5% at $4,213
and Binance Coin is down .5% at $573

Terra, up 27%
Gala up 20%
Polygon up 16%

BitMart was exploited for over $150M

SEC chairperson Gary Gensler coy in response to Senator Pat Toomey’s follow-up questions.

FTX CEO Sam Bankman-Fried is looking to raise a total of $1.5 billion for FTX.US.

Links:

• Crypto exchange BitMart confirms hack resulting in loss of $150 million in crypto
• Gensler hedges on classifying cryptocurrencies as securities in response to Senator's questions
• FTX to Seek $1.5B in New Funding Round at $32B Valuation: Report

Bitcoin is down slightly at $63,316
Ethereum is down slightly at $4,118
and Binance Coin is down slightly at $491

Moon river up 22%
OKB up 18%
Thorchain up 18%

Greenidge Generation Holdings to acquire South Carolina location, considers Texas plots.

FTX raises $420,690,000 in their series B-1.

Bored Ape #8585 (a crowned, mutated ape with trippy fur) sells for a record 696.969ETH ($2.7M)

Worldcoin makes waves with its Orb rollout.

Links:

• Crowned Bored Ape with trippy fur sells for record $2.7 million
• FTX Raises $420,690,000
• Greenidge announcement
• This Startup Wants to Scan Your Eyes With a Silver Orb for Cryptocurrency

Bitcoin is down 1% at $42,474
Ethereum is down 1% at $2,906
and Cardano is down 1.5% at $2.34

Harmony up 25%
Fantom up 22%
Tezos up 20%

Pat Toomey, senator in Pennsylvania called china’s crackdown on crypto "a big opportunity for the U.S".

Sparkpool, The world's largest Ethereum mining pool has said it will stop providing services to miners based in mainland China

FTX is preparing for a HQ move from long-standing Hong Kong to the Bahamas

FTX signed long-term sponsorship deals with the F1 team Mercedes-AMG Petronas.

Coach and GQ China are setting up to launch NFTs on Ethereum via ZK rollups.

Links:

• FTX signs sponsorship deal with top F1 team Mercedes-AMG Petronas
• Senator Pat Toomey on Twitter: "China’s authoritarian crackdown on crypto, including #Bitcoin, is a big opportunity for the U.S. It’s also a reminder of our huge structural advantage over China." / Twitter
• SBF on Twitter: "1) We're really excited to be setting up @FTX_Official's headquarters in The Bahamas! a) The Bahamas is one of the few places to set up a comprehensive framework for crypto; FTX is registered b) The Bahamas has emerged from COVID lively, safe, and without quarantine" / Twitter
• The world's largest Ethereum mining pool says it will no longer serve Chinese miners
• Coach and GQ China Arm to Launch NFTs on Ethereum — CoinDesk

Bitcoin is up slightly at $46,435
Ethereum is up slightly at $3,412
and Cardano is down slightly at $2.49

Tezos up 30%
Luna up 28%
Avalanche up 15%

Mastercard acquires crypto tracing firm ciphertrace

A bug on OpenSea destroys $100k worth of NFTs.

Steph Curry joins Tom Brady as an FTX ambassador.

La Liga partners with Sorare as first top soccer league to offer NFTs of all the players.

The Algorand foundation launches $300M DeFi innovation fund

Links:

• OpenSea bug destroys $100,000 worth of NFTs, including historical ENS name
• CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
• LaLiga partners with Sorare to enter the world of NFTs
• Mastercard Acquires CipherTrace to Enhance Crypto Capabilities | Business Wire
• Algorand Foundation Launches $300 Million USD Viridis Fund to Support DeFi Innovation | Algorand Foundation

Bitcoin is down 1% at $34,120
Ethereum is down 1% at $2,126
and Binance Coin is down 1% at $296

Augur up 33%
Alice up 24%
Theta Network up 15%

Binance US is considering an IPO says leader CZ

FTX has lowered the limits on leverage trading from 101x to 20x

A hacker stole $76,000 in rune tokens with clever bait and switch.

GlobalX filed for a Bitcoin ETF this week.

Bitcoin is down 2.5% at $30,900
Ethereum is down 2.5% at $1,743
and Binance Coin is down 2.5% at $270

Celo up 42%

Jay Z is set to auction an NFT based on his album Reasonable Doubt.

Gemini pledges to offset 350k tons of bitcoin-related carbon emissions

Authorities in Iran have seized 7000 crypto miners.

Visa is set to acquire the Swedish open banking firm Tink

Links:

• JAY-Z Auctioning Reasonable Doubt NFT at Sotheby’s | Pitchfork
• Iran seizes 7,000 cryptocurrency computer miners, largest haul to date | Reuters
• Gemini Offsets Bitcoin Carbon Emissions, Launches Gemini Green
• Visa To Acquire European Open Banking Platform Tink | Business Wire

Bitcoin is up slightly at $36,032
Ethereum is up slightly at $2,709
and Binance Coin is up .5% at $391

Enzyme finance up 25%
Kyber network up 17%

The president of El Salvador is moving to recognize Bitcoin as legal tender within the country.

FTX is paying $210 million to rename the most-valuable pro esports team from TSM to TSM FTX.

Texas governor Greg Abbott signed a law to create a legal framework for cryptocurrencies and blockchain

Second Digital Yuan test in Beijing.

Links:

• Beijing to give away over $6 million in latest digital yuan test
• A Pro E-Sports Team Is Getting $210 Million to Change Its Name - The New York Times
• Greg Abbott on Twitter: "Blockchain is a booming industry that Texas needs to be involved in. I just signed a law for Texas to create a master plan for expanding the blockchain industry in Texas. #Blockchain #Bitcoin #cryptocurrency https://t.co/bMKXxxYooe" / Twitter
• President of El Salvador Says He’s Submitting Bill to Make Bitcoin Legal Tender - CoinDesk

Bitcoin is down .5% at $56,494
Ethereum is up slightly at $2000
and Binance Coin is down .5% at 396.50

Enjin Coin up 40%
PancakeSwap up 16%
IOTA up 15%

Coinbase's Q1 results

Plaid announces $425M Series D.

FTXxMiami Heat partnership official.

Hut8 to raise $400M on TSE.

Links:

• HEAT Inks Partnership Deal With FTX.us | Miami Heat
• Plaid announces $425 million raise following failed Visa merger
• Coinbase reports an estimated $1.8 billion in total revenue for Q1 2021
• Bitcoin mining firm Hut 8 files to raise nearly $400 million in Canada

Bitcoin is up 7.5% at $14,887
Ethereum is up 5% at $403
and XRP is up 1.5% at 24 cents

Top gainers in the last 24 hours:
Hedge Trade up 32%

Bitcoin to test $15k

DeFi fee mistake costs user $9k.

EN+ partners with BitRiver for joint mining venture.

Sam Bankman Fried, FTX CEO/Founder a top contributor to Biden2020.

Nearing Ethereum 2.0 launch date.

Links:

• eth2 quick update no. 19 | Ethereum Foundation Blog
• FTX founder Sam Bankman-Fried is among Joe Biden’s top contributors with more than $5M in donation - The Block
• Russian Hydropower Giant Opens Bitcoin Mining Farm - CoinDesk
• Help needed! I payed 23.5172 ETH ($9500) for $120 Uniswap transaction by mistake : ethtrader

Bitcoin is up 3% at $10,300
Ethereum is up 5.5% at $356
and XRP is up 1% at 24 cents

Top gainers in the last 24 hours:
SushiSwap up 50%
Yearn Finance up 34%
BNB up 20%

Chef Nomi abdicates - forks over control to FTX CEO Sam Bankman-Fried

Swerve has crosses 380 million in total value within 12 hours of launch

Brazil’s central bank president Roberto Neto says that the country will have a CBDC in 2022.

Craig Wright’s ongoing trial has been moved to january 2021

Bitcoin is down slightly at 9,129
Ethereum is up slightly at $206
and XRP is up slightly at 20 cents

Top gainers in the last 24 hours:
Theta token up 19%
Electroneum up 18%
and Digibyte up 16%

The Litecoin foundation and Atari have formed a new partnernership.

Iranian president Hassan Rouhani has calls on the government for a renewed national approach to crypto.

Canaan reported a net loss of $5.6 million for the first quarter of 2020.

FTX(.)us went live at the end of this week.

Links:

• FTX.US goes live, CEO says the crypto exchange has 'tons of liquidity' to offer - The Block
• Iranian President Calls for National Crypto Mining Strategy - CoinDesk
• Litecoin and Atari team up in anticipation of the Atari Token's launch - The Block
• Canaan Reports $5.6M Loss in Q1 Despite Bitcoin Miner Price Cut - CoinDesk

Bitcoin is down half a percent at $7,156
XRP is down 1% at 19 cents
and Ethereum is down half a percent at $127

Top gainers in the last 24 hours:
Counterparty, up 13%

Eight congressmen have asked the IRS to clarify crypto tax rules around airdrops and forks.

The french financial markets authority has granted its first approval for an ICO.

Binance has invested in crypto derivatives platform FTX.

The SEC has settled charges against an ICO issuer and levied a $250k fine.

Blockchain (dot) com has added support for the british pound sterling.

Links:

• SEC settles charges against ICO issuer, imposes $250k fine - The Block
• As Brexit looms, Blockchain.com’s crypto exchange adds support for GBP, with UK Faster Payments Scheme - The Block
• French regulator grants its first approval for an initial coin offering - The Block
• US Lawmakers Ask IRS to Clarify Crypto Tax Rules Around Airdrops, Forks in New Letter - CoinDesk
• Binance Invests Undisclosed Sum in Crypto Derivatives Platform FTX - CoinDesk