98% of FTX creditors will receive at least 118% of their approved claims in cash within 60 days after the effective date.

Other creditors to receive 100% of allowed claims plus billions in compensation for time value of their investments — link | bbg

Crypto trading firm Wintermute to provide liquidity for Hong Kong Bitcoin and Ether ETFs — link | tl;dr

SEC argues $2 billion penalty against Ripple is needed, slams $10 million counterproposal — link | tl;dr

Coinbase saw trade volume in Q1 more than doubled to $312 billion, with institutional volume increasing faster than retail, accounting for 82% share of the total — link

House votes to erase SEC crypto policy while President Biden vows veto — link | tl;dr

Binance surveillance team found DWF Labs engaged in market manipulation, sources say — link | the block | tl;dr

Grayscale parent Digital Currency Group reports $229M revenue for Q1 — link | tl;dr

BlockFi secures crypto withdrawal continuity through Coinbase — link

Binance, KuCoin win registration with India's Financial Intelligence Unit  — link | tl;dr

DOJ taps FRA over Sullivan & Cromwell for Binance's 3-year monitorship — link | tl;dr

Coinbase can't force the SEC to write new rules, appeals court rules — link | tl;dr

Digital asset investment products saw inflows for the first time in five weeks totalling $130m.

Regionally, the US saw the majority of inflows totalling $135m, with incumbent Grayscale seeing the lowest weekly outflows since January — link

CFTC issues order against crypto prime brokerage firm "Falcon Labs" for illegally providing U.S. customers access to digital asset derivatives trading platforms — cftc | theblock

Tornado Cash developer Alexey Pertsev found guilty of money laundering and sentenced to 64 months in prison by Dutch court — link | tl;dr

State of Wisconsin Investment Board bought $99m of iShares Bitcoin ETF — sec | coindesk

Bitcoin’s 90-day correlation with US equities rose to 0.17 last week, after reaching a multi-year low of just 0.01 in March.

Overall, Bitcoin’s correlation with risk assets remains well below its bull market highs of over 0.6 — link

Vanguard said set to name Bitcoin-friendly ex-BlackRock exec as CEO: WSJ — link | tl;dr

Crypto investment firm BlockTower Capital suffers losses in hack — link | archive

Yesterday, U.S. spot Bitcoin ETFs saw $100.5m net inflows — link

Millennium Management, Izzy Englander's fund, holds nearly $2 billion in spot Bitcoin ETF shares, 3% of their $64b fund; Paul Singer’s Elliott also among Bitcoin ETF holders — link | tl;dr |@EricBalchunas