First Mover Asia: Bitcoin at $28.6K Remains Unstirred by Binance Temporary Withdrawal Pause
PLUS: Bitcoin maximalists find Ordinals annoying. But they are a good thing for the network in the long run.Source
Bitcoin Network Congestion Causes Binance to Pause Withdrawals
The world’s biggest crypto exchange has now resumed withdrawals, but problems continue to linger for the bitcoin protocol.Source
U.S. Justice Department Investigating Binance For Russia-Related Sanctions Violations: Bloomberg
The United States Justice Department’s national security division is conducting an inquiry into whether Binance allowed the violation of U.S. sanctions related to Russia’s invasion of Ukraine on its platform, according to a Bloomberg report.Source
Voyager Digital Plans to Liquidate Assets, Wind Down After Sale Dreams Crushed
Lawyers for Voyager Digital say the bankrupt crypto lender will self-liquidate its assets and wind down operations after failing to clinch a deal on a sale to either FTX US or Binance.US.Source
Aragon Fires Back at Activist Investors in Early Stages of DAO Governance Fight
After attempting to thwart what it called a “coordinated” attack on its town square, Aragon reiterated its “code is law” position.Source
Pepecoin’s Bewildering Rise Turned a Pittance Into an Almost 5,000,000% Meme Coin Profit
A pseudonymous crypto trader bought trillions of the meme coin three weeks ago on UniSwap for $263, and still holds about $9 million of PEPE after selling several million dollars worth, according to data from blockchain platform Arkham.Source
Coinbase Jumps 17% Post-Earnings; Analysts Praise Results but Worry About Regulatory Uncertainty
Coinbase (COIN) shares are up sharply after the company’s first quarter results topped analyst estimates on both revenue and loss per share.Source
Alibaba Says ‘Open Sesame’ to Web3
The Chinese tech giant is releasing a metaverse launchpad. Plus, Sports Illustrated announces an NFT ticketing platform.Source
Craig Wright Shows ‘Prima Facie Evidence’ of Contemptuous Conduct, U.S. Judge Says
The computer scientist who claims to be Satoshi Nakamoto is still engaged in a $143 million dispute over bitcoin ownership.Source
New York Attorney General Seeks New Crypto Powers for State Regulators
The bill follows legal suits pursued by Letitia James in connection to crypto companies like Celsius, CoinEx and Nexo.Source