Epic Games Alum Mike Seavers Will Join Web3 Giant Yuga Labs as CTO

Mike Seavers will join the home of Bored Ape Yacht Club on May 22.Source

DeFi Protocol 0VIX Loses Nearly $2M in Flash-Loan Exploit

Decentralized finance (DeFi) protocol 0VIX has lost $2 million in a flash loan exploit, according to on-chain data.Source

ECB Probes Decentralized Settlement for Wholesale Financial Markets

Euro regulators are looking again at their centralized settlement systems in seeking to keep pace with digital innovation as they explore central bank digital currencies.Source

Long-Term Bitcoin Holders Are Profitable for First Time in 11 Months, Blockchain Data Shows

Bitcoin’s long-term holder spent output profitability ratio (LTH-SOPR) shows coins moved onchain that have a lifespan of at least 155 days or higher are being sold at profit. That suggests the bitcoin bear may be behind us.Source

Binance Japan Will Start Operations After June

The world’s largest crypto exchange acquired Sakura Exchange BitCoin last November.Source

Argo Blockchain Slumps to Full-Year Loss on Bitcoin Price Slide

The crypto mining company is in a stronger position now, interim CEO El-Bakly saidSource

South African Mirror Trading’s CEO Fined $3.4B by U.S. in Bitcoin Forex Fraud Case

The founder of bitcoin pool operator MTI was charged with fraud last year for running an unlicensed commodity pool scheme.Source

Hong Kong Regulator Reminds Local Banks There Is No Ban on Crypto Firms

Crypto companies have complained that opening bank accounts in the jurisdiction is difficult.Source

Zcash’s Latest Software Release Goes Live

The new release, version 5.5.0, is part of an effort to “deliver a solid and reliable user experience.”Source

First Mover Asia: Bitcoin Holds Steady Above $29K as Investors Look Toward Next FOMC Meeting

ALSO: William Shatner, Star Trek’s Captain Kirk, releases an NFT collection and touts the potential of crypto in an entertaining half-hour discussion at CoinDesk’s Consensus 2023 conference.Source