AI Hallucination Sparks Song Lyrics Lawsuit
@Anthropic ordered to address claims of citing an AI-generated article in a $75M copyright lawsuit by major music publishers. #Update #Legal (+4) ↘
Decrypt News
Decrypt.co is a leading digital media platform founded in 2018, dedicated to bringing clarity to the complex world of cryptocurrencies, blockchain technology, and Web3. Through unbiased reporting, in-depth features, and educational guides, Decrypt empowers readers to navigate the rapidly evolving decentralized landscape with confidence. The publication’s commitment to journalistic integrity and accessible storytelling has positioned it as a trusted source for both newcomers and seasoned enthusiasts seeking to stay informed in the ever-changing realm of digital assets.
Narco-Terrorism Charges for Cartel Bosses
Pedro Inzunza Noriega and son indicted in California for narco-terrorism; $5.5M in stablecoins linked to fentanyl traced by @Chainalysis #Breaking #Legal (+9) ↗
Crypto Fraud Scandal Ex-Cred Execs Guilty
Former @Cred executives Daniel Schatt and Joseph Podulka plead guilty to wire fraud conspiracy, facing up to 72 months in prison for misleading customers in $150M crypto fraud. #Breaking #Legal (-9) ↘
Crypto Partnership FalconX Joins Standard Chartered
@FalconXNetwork partners with @StanChart to enhance crypto services for institutional investors, starting in Singapore and expanding to the U.S. and Middle East #Update #Crypto (+3) ↗
Crypto Threats Rise Paris Kidnapping Attempt
A crypto executive’s daughter and grandson were targeted in a Paris kidnapping attempt, marking the sixth crypto-linked attack in France this year. #Update #Crypto (+6) ↘
Bitcoin Surges as US Yields Rise
The 10-year Treasury yield rose to 4.5%, impacting $BTC’s long-term institutional case as it trades below its January high of $104,000. #Update #Crypto $BTC (+3) ↗
Bitcoin ETFs Surge Past $41 Billion
Bitcoin ETFs in the U.S. have reached an all-time high with over $41 billion in net inflows, reversing recent outflows amid renewed investor interest. #Update #ETF $BTC (+6) ↗
Galaxy Digital Faces $295M Q1 Loss
@GalaxyDigital reported a $295 million Q1 loss ahead of its Nasdaq listing, despite a 38% revenue increase to $12.9 billion. #Update #Crypto (+3) ↘
Crypto Oversight Tightened in Jammu Kashmir
India’s Financial Intelligence Unit mandates crypto exchanges to monitor transactions from Jammu and Kashmir for potential terror financing via private wallets, focusing on privacy coins like $XMR and $ZEC. #Update #Crypto $XMR (-4) ↘
Bitcoin Steady Amid US Inflation Report
Bitcoin remains steady at $103,798 as US inflation slows to 2.3% in April; Fed maintains rates amid trade deal with China. #Update #Crypto $BTC (0) →
DNS Attack Hits Curve Finance Site
@CurveFinance’s website suffered a DNS attack, redirecting users to a malicious site. User funds remain safe; smart contracts were not compromised. #Breaking #Security $CRV (-8) ↘
Crypto: Arizona Governor Vetoes Two Bills
Arizona Governor Katie Hobbs vetoed SB 1024 and SB 1373, while signing HB 2387 to regulate crypto ATMs with strict compliance measures. #Update #Legal $BTC (-3) ↘
Bitcoin Investment: Microcap Firm’s Bold $300M Move
@GDCultureGroup plans to raise $300M for $BTC and Trump Coin, despite Nasdaq delisting warning over financial shortfalls. Shares closed at $2.51 after a sharp fall. #Update #Crypto $BTC (-4) ↘
Caitlyn Jenner Meme Coin Lawsuit Dismissed
A U.S. judge dismissed a lawsuit against Caitlyn Jenner over meme coins, citing lack of jurisdiction; plaintiff Lee Greenfield has until May 23 to amend the complaint. #Update #Legal $JENNER (-3) ↘