Terraform, Do Kwon Agree in Principle to Settle Fraud Case With SEC: Court Filing
Do Kwon is currently out on bail in Montenegro, awaiting extradition to either the U.S. or South Korea.
Financial
A16z Boosts Crypto’s Election Fund by Another $25M to Seek Friendly Congress
After Ripple’s similar addition, which put the industry’s political action committees over the $100M mark this week, the additional $25M pushes the political influence into rare territory.
NYDFS Issues New Crypto Firm Guidance for Consumer Complaints
The regulator wants digital asset providers to include policies which cover response and resolution monitoring and reporting.
Ether Spot ETFs to See Much Lower Demand Than Bitcoin Versions, JPMorgan Says
Ether spot ETFs could attract as much as $3 billion of net inflows this year, the report said.
Bitcoin Staking Project Babylon Raises $70M Led by Paradigm
The funding round included contributions from Polychain Capital and the venture arm of crypto exchange and CoinDesk parent company Bullish
Crypto Hacks, Rug Pulls Led to $473M Worth of Losses in 2024: Immunefi
The figures show a decrease in hacking activity since 2022 and 2023.
Ether Put-Call Ratio Hits One-Year High, Hints at Bullish Bias Despite Pause in Rally
The uptick signals a bullish outlook, according to Wintermute.
First Mover Americas: Crypto in the Red Ahead of Friday’s U.S. Inflation Data
The latest price moves in crypto markets in context for May 30, 2024.
Bitcoin Traders Warn of Pullback as U.S. Inflation Data Looms; Dogecoin Leads Majors Slide
Crypto markets are expected to remain shaky ahead of Friday’s U.S. inflation report, one trading desk said.
Singapore’s Largest Bank DBS Is an Ether Whale With Nearly $650M in ETH: Nansen
The addresses supposedly owned by DBS has already made $200 million on its ether holdings, according to Nansen.