Tether invests in CitiPay.io to venture into Eastern Europe, leveraging its financial strength and blockchain to enhance digital transaction efficiency and security, marking a strategic expansion into new markets.
The crypto market plummeted, shedding over $140 billion as Bitcoin, Ethereum, and other major cryptocurrencies fell sharply due to hawkish Federal Reserve comments and regulatory crackdowns, signaling a sensitive market reaction to macroeconomic changes.
The Celsius Network’s token, CEL, soared by 370% after the company decided to burn 94% of its supply, removing 652.2 million tokens, which significantly increased its market cap and trading volume.
The Starknet Foundation’s $5 million Seed Grant Program aims to fund 200 projects, offering up to $25,000 each, mainly focusing on blockchain games and DeFi platforms, to spur innovation in the blockchain sector.
On May 7, 2024, the Bitcoin ETF sector experienced a $15.64 million net outflow, with Grayscale’s fund seeing $29 million withdrawn, highlighting significant shifts in crypto market sentiment and investor agility.
Mash, an innovator in Bitcoin Lightning Network infrastructure, will close on May 17, 2024, despite raising $6 million in June 2022, to reassess its unique “pay-as-you-enjoy” model for online content monetization.
Mastercard, in collaboration with top US banks like Citigroup and JPMorgan Chase, is pioneering tokenized asset settlements using shared-ledger technology to transform cross-border transactions, aiming for enhanced efficiency and reduced fraud.
The recent partnership between Ethena and Bybit has sparked a significant price surge in the ENA token, now valued at $1.0 with a 4% increase, boosting its market cap to $1.37 billion.
The U.S. DOJ charges Dmitry Khoroshev, leader of LockBit ransomware, offering a $10 million reward for information leading to his capture, highlighting a major effort against cybercrime.
In a notable market development, the cryptocurrency ENA experienced a 17.46% price increase, reaching $0.9012, following Bybit’s integration of the USDe stablecoin into the Ethena ecosystem, showcasing the growing impact of synthetic assets in DeFi.
Apple’s launched M4 chip executes up to 38 trillion operations per second, a 50% speed increase over the M2, offering unprecedented efficiency in AI and cryptocurrency tasks on the latest iPad Pro tablets.
In September 2023, Grayscale Investments withdrew its application for a futures Ethereum ETF, sparking discussions in the crypto community and highlighting the regulatory challenges of crypto financial products in the U.S.
SEC Chairman Gary Gensler calls for improved investor information on digital assets, highlighting classification concerns and the SEC’s commitment to regulatory compliance, amid the extended review of Ethereum-based spot ETFs until July 2024.
FTX proposes to repay clients up to $16.3 billion, potentially marking a first in crypto history by offering up to 118% of initial investments back, aiming to benefit 98% of its clients within 60 days of court approval.
