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

On May 15th, U.S. spot Bitcoin ETFs saw +$303m net inflows — link

CME plans to launch spot Bitcoin trading — link | archive

Morgan Stanley discloses US spot Bitcoin ETF holdings worth over $270 million in filing — link | tl;dr

According to 13F reporting, 937 professional firms were invested in U.S. spot Bitcoin ETFs as of March 31. In comparison, gold ETFs had 95 professional firms invested in their first quarter.

Retail owns a majority of the float. Professional investors held exposure of $11.06bn by the end of Q1, representing 18.7% of the BTC ETF AUM — link

US Senate passes measure withdrawing SEC accounting bulletin — link | tl;dr

Failed crypto firm Genesis won approval to repay creditors 3 billion, defeating challenge by parent DCG — link | archive

On May 17th, U.S. spot Bitcoin ETFs saw +$221.4m net inflows — link

Gemini Earn to begin returning customers' crypto by end of month as court approves Genesis bankruptcy — link | tl;dr

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