Bitcoin, Ether Nurse Losses as U.S. Stagflation Fears Grip Market

The crypto market is balancing the threat of stagflation against a liquidity injection from the Treasury General Account (TGA), and the launch of Hong Kong’s bitcoin ETFs.Source

Japan’s Embrace of Web3 Uncertain as Ruling Party Under Threat

Liberal Democratic Party leader and Prime Minister Fumio Kishida once called Web3 a “new form of capitalism,” but he faces a party leadership election in September.Source

Protocol Village: Natix, Crowdsourced Camera Network With Web3 Incentives, Secures $9.6M

The latest in blockchain tech upgrades, funding announcements and deals. For the period of April 25-May 1.Source

DOJ Disputes Roman Storm’s Characterization of Tornado Cash Operations in New Filing

The U.S. Department of Justice rebuffed Roman Storm’s motion to dismiss criminal charges against him late Friday.Source

Bitcoin Chops Around $64K, With Japanese Yen’s Tumble Maybe Signaling ‘Currency Turmoil,’ Analyst Says

The yen’s volatile episode may spread to other fiat currencies as U.S. rate cuts remain elusive amid sticky inflation, which could drive investors to gold and bitcoin, Noelle Acheson said in an interview.Source

Warren Rival for Senate Race John Deaton Argues for Coinbase in SEC Challenge

Lawyer-turned-politician John Deaton further reinforced his credentials as an outspoken crypto ally on Friday, filing a friend-of-the-court brief in Coinbase Inc.’s (COIN) effort to get a higher U.S. court to rule on a central question about when a digital token qualifies as a security.Source

Custodia Bank Appeals Court Loss in Fed Master Account Lawsuit

Custodia, a Wyoming-based aspiring crypto bank, filed a notice of appeal against a court ruling that affirmed the Federal Reserve’s rejection of its bid for a master account and membership.Source

Warren Flags Crypto Ties to Child Sexual Abuse in Letter to DOJ, Homeland Security

Leading crypto critic U.S. Sen. Elizabeth Warren (D-Mass.) has asked U.S. Attorney General Merrick Garland what tools the federal government needs to crack down on the use of digital assets to perpetrate child sexual exploitation, according to a letter she sent to the top U.S. law-enforcement official.Source

DePIN for the Win: Spreading the Benefits of the Gig Economy

Community protocol networks that coordinate hardware-based services with tokens promise an upgrade in efficiency and fairness, says Ivo Entchev, a partner at Youbi Capital.Source