Stably introduces #USD, the first Bitcoin network stablecoin

https://cryptoslate.com/stably-introduces-usd-the-first-bitcoin-based-stablecoin/

Trezor sales soar 900% amid Ledger’s seed recovery controversy

Trezor said a remote seed phrase extraction is impossible on its hardware wallets, adding that it would never implemented.

https://cryptoslate.com/trezor-sales-soar-900-amid-ledgers-seed-recovery-controversy/

EU watchdog does not deem crypto link to TradFi 'significant' to pose systemic risk yet

The ESRB made the statement in its latest report on the "systemic implications" of crypto and the policy options to deal with them.

https://cryptoslate.com/eu-risk-watchdog-does-not-deem-crypto-link-to-tradfi-significant-to-pose-systemic-risk-yet/

Sam Altman’s Worldcoin raises $115M in Series C round

Unraveling the $115 million Series C funding for Worldcoin and the debate surrounding its iris-scanning identity verification method.

https://cryptoslate.com/sam-altmans-worldcoin-raises-115m-in-series-c-round/

Morgan DF Fintoch goes radio silent after rugging $31.6M

Morgan DF Fintoch's $31.6 million exit scam exposes fake CEO, false claims, and triggers a warning from Singapore's watchdog.

https://cryptoslate.com/morgan-df-fintoch-goes-radio-silent-after-rugging-31-6m/

Algorand Foundation CEO says 'we don't think about price'

Algorand Foundation CEO Staci Warden addressed difficult questions regarding price, regulatory pressure, and security.

https://cryptoslate.com/algorand-foundation-ceo-says-we-dont-think-about-price/

Blockchain.com CEO says there's never been 'as high a chance' of US default, while Tether CTO considers it unlikely

Executives from both firms have commented on the looming debt default.

https://cryptoslate.com/blockchain-com-ceo-says-theres-never-been-as-high-a-chance-of-us-default-while-tether-cto-considers-it-unlikely/

Circle CEO says that AI bots are transacting USDC, creating wallets

Jeremy Allaire said that his firm is "already hearing" about AI applications.

https://cryptoslate.com/circle-ceo-says-that-ai-bots-are-transacting-usdc-creating-wallets/

DCG shutters TradeBlock institutional trading platform

One of DCG's institutional services is closing by the end of May due to a tough crypto market and regulatory landscape.

https://cryptoslate.com/dcg-shutters-tradeblock-institutional-trading-platform/

SpritzCard: The Ultimate Solution for Real-World Crypto Payments

#PR

https://cryptoslate.com/press-releases/spritzcard-the-ultimate-solution-for-real-world-crypto-payments/

Unbanked shuts down crypto services, says US regulations prevented fundraising

The card and trading service has urged users to withdraw all balances.

https://cryptoslate.com/unbanked-shuts-down-crypto-services-says-us-regulations-blocked-funding/

US Congressmen urge SEC to keep definition of ‘qualified custodian’ unchanged

The Congressmen say limiting the definition could adversely affect investor protection and market competition, particularly in respect of digital asset custodians.

https://cryptoslate.com/us-congressmen-urge-sec-to-keep-definition-of-qualified-custodian-unchanged/

Second largest Bitcoin withdraw from exchanges this year

Large whale from Huobi withdrew roughly $300M worth of Bitcoin

https://cryptoslate.com/insights/second-largest-bitcoin-withdraw-from-exchanges-this-year/

Hex market cap loses $4 billion in a week

Hex's market cap dropped to as low as $2.41 billion on May 25 from a peak of $6.62 billion, according to CryptoSlate's data.

https://cryptoslate.com/hex-market-cap-loses-4-billion-in-a-week/

Bitcoin, altcoins stand tall despite options expiry pressure

Massive $3B notional value expected on June options expiry, with a max pain price of $24,000

https://cryptoslate.com/insights/bitcoin-altcoins-stand-tall-despite-options-expiry-pressure/

McCormack slams Worldcoin, saying ‘Bitcoin is world coin’

Worldcoin ramps up its development efforts drawing a fresh wave of criticism centered around its Orwellian vision.

https://cryptoslate.com/mccormack-slams-worldcoin-saying-bitcoin-is-world-coin/

New Strategic Partnership: DWF Labs to Secure Long-Term Support for GensoKishi Ecosystem

#PR

https://cryptoslate.com/press-releases/new-strategic-partnership-dwf-labs-to-secure-long-term-support-for-gensokishi-ecosystem/

XRP, Litecoin leads flat market as Bitcoin maintains $26k: CryptoSlate wMarket Update

The wMarket Update condenses the most important price movements in the crypto markets, published 8:30 ET on weekdays.

https://cryptoslate.com/xrp-litecoin-leads-flat-market-as-bitcoin-maintains-26k-cryptoslate-wmarket-update/

Market anticipates 25-basis point rate hike in June

PCE inflation surges beyond expectations, fueling forecasts of new rate hikes

https://cryptoslate.com/insights/market-anticipates-25-basis-point-rate-hike-in-june/

Insights: US Treasury General Account dwindles to critical levels with less than $50B remaining

Pressure builds as the US Treasury General Account balance drops to perilous lows.

https://cryptoslate.com/insights/us-treasury-general-account-dwindles-to-critical-levels-with-less-than-50b-remaining/