Bitdeer to Raise $500M for Bhutan Crypto Mining Operations in Deal With Government

Bitdeer said the agreement marks “a crucial expansion into Asia” and expects fundraising efforts to commence this month.Source

Fed Preview: Crypto Observers Believe Bitcoin Rally May Stall if Powell Does not Signal End of Tightening

We expect that Chair Powell may shy away from being definitive when it comes to a pause which may disappoint the market, one crypto trader said.Source

Pepecoin Overtakes Dogecoin, Shiba Inu Trading Volumes as Early Buyers Take Profits

One trader infamously took on a 50% slippage for getting out of their pepe position.Source

BitFlyer USA Fined $1.2M by NYDFS for Not Meeting Cybersecurity Requirements

https://www.dfs.ny.gov/system/files/documents/2023/05/ea20230502_bitflyer_usa_inc.pdfSource

First Mover Asia: Bitcoin’s Kimchi Premium Has Narrowed, but the Korean Market Is Proving Resilient

ALSO: A crypto markets analyst suggests that the U.S. central bank may not be finished with interest rate hikes, even if it raises the rate on Wednesday as expected.Source

Binance, Coinbase Endure $700M in Staked Ether Outflows as Decentralized Liquid Staking Protocols Gain

Investors are ditching the centralized exchange giants to stake their ETH holdings on decentralized alternatives amid regulatory concerns, and as they chase higher rewards, crypto analysts say.Source

Bitcoin Climbs Above $28.5K as Investors Weigh Fresh Bank Woes, Cool Jobs Data

Ether also rose. Equity markets dropped, including stocks of two regional banks.Source

‘Bitcoin Request for Comment’ Tokens Surge to $137M in Market Value

The BRC-20 standard sounds like the popular ERC-20, but the two are different, with the former lacking the ability to interact with smart contracts.Source

Celsius Seeks to Merge UK, U.S. Entities Amid Allegations Distinction Was a ‘Sham’

Resolving the company’s murky corporate design could prove key to recoveries for customers and Series B investors.Source

First Mover Asia: Bitcoin Market Cap Is Surging, but a Retreat From $30K Continues

PLUS: Western crypto innovators with great ideas are eying the East for tech-embracing governments and fresh opportunities. A West-East partnership may be crypto’s model for the future, the co-founder of Taipei-based Woo Network, Jack Tan, writes.Source