Florida Sen. Gruters proposes Bitcoin investment bill for state funds
Florida Senator Joe Gruters argued that the state “should have access to tools such as Bitcoin to protect against inflation.”
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BlockFi used customer money to buy $30M insurance, creditors claim
BlockFi said selling its cryptocurrency lending platform might not generate value for creditors. 332 Total views 10 Total shares Disgruntled creditors of the bankrupt cryptocurrency lending firm BlockFi have submitted a new court filing in response to the company’s latest restructuring plan.On May 12, BlockFi outlined its Chapter 11 reorganization plan in a filing with…

Atomic Wallet hack losses top $35M, on-chain sleuth reports
At least $35 million worth of crypto assets have been stolen from Atomic Wallet users since June 2, according to an analysis from on-chain sleuth ZachXBT. The five largest losses account for $17 million.According to Atomic Wallet on Twitter, the cause of the attack is being investigated. Reports have surfaced of tokens being lost, transaction…

Gensler hints Grayscale ruling forced SEC to take ‘new look’ at Bitcoin ETFs
The SEC chair could be softening his stance on Bitcoin ETFs following the Grayscale court victory, but if so, he hasn’t admitted it outright. U.S. Securities and Exchange Commission chair Gary Gensler has hinted that the regulator has been rethinking its approach to spot Bitcoin exchange-traded products following a recent Grayscale court decision.Speaking to CNBC

New XRP Ledger Foundation gets $6.5 million in donations from Ripple and others
The funds will be used to set up XRP Community Fund and improve XRP Ledger infrastructure The newly established XRP Ledger Foundation has raised $6.5 million from Ripple, Coil, and GateHub. This non-profit and open-organization was been set up with a goal to accelerate the development of the XRP ledger, the blockchain upon which the…

US gov’t $1.5T debt interest will be equal 3X Bitcoin market cap in 2023
Commentators believe that Bitcoin (BTC) bulls do not need to wait long for the United States to start printing money again.The latest analysis of U.S. macroeconomic data has led one market strategist to predict quantitative tightening (QT) ending to avoid a “catastrophic debt crisis.”Analyst: Fed will have “no choice” with rate cutsThe U.S. Federal Reserve…

Cardano DEX MuesliSwap to refund users after slippage confusion
The MuesliSwap team wants to refund users who have lost funds to high slippage due to the way the DEX’s matchmaker was set up. 203 Total views 8 Total shares The team behind the Cardano-based decentralized exchange MuesliSwap has made a decision to refund users that have been hit with high slippage over the past…

Citron no longer short on GME, cites ‘market’s irrationality’
The announcement comes shortly after GME stock rose above the $30 mark.

Bybit restructures executive team following $26M airdrop fiasco
Bybit confirmed internal role changes for several executives following a botched airdrop that affected 320,000 users and led to a $26 million compensation payout.