‘WallStreetBets’ Themed Tokens Plummets 90% as Insider Dumps Treasury Holdings

WSB prices fell sharply as the apparent token sale by insiders led to token holders dumping holdings en masse.Source

Coinbase to Stop Issuing New Loans Via Coinbase Borrow

May 10 is the final day customers will be allowed to take out new loans through Coinbase Borrow.Source

First Mover Asia: Bitcoin Recovers From Fed Dip

PLUS: The Madlads hype appears to be over, although it hasn’t dragged down the price of Solana. Cryptos return to positive territory.Source

U.S. SEC Changes Its Mind on Officially Labeling Digital Assets

The U.S. Securities and Exchange Commission (SEC) took one small step backwards in regulating the crypto sector on Wednesday, when it deleted what would have been its first formal definition of “digital asset” from its latest hedge fund rule.Source

FTX Seeks to Claw Back Nearly $4B in Ongoing Bankruptcy Case

Bankrupt crypto exchange FTX wants to claw back nearly $4 billion in funds from similarly bankrupt Genesis Global Capital, the company said in a court filing Wednesday.Source

Bitcoin Rises as Latest Teetering U.S. Bank Sends Traders to Crypto Haven

The California-based regional lender is weighing strategic options, according to Bloomberg.Source

Allow Influencers to Promote Registered Crypto Firms, French Senators Say

Lawmakers in the French National Assembly are seeking to effectively ban promoting crypto on social media, but Senators appear to favor lighter restrictionsSource

Bitcoin Ordinals Surge to 3M Inscriptions, but Most Are Just Text

Over $8 million in fees have been paid to the network by inscription creators since their inception.Source

UK Set to Ban Cold Calls Selling Financial Products, Including Crypto

The reported value of U.K. cryptocurrency fraud climbed 32% to £226 million in the year ending in September 2022.Source

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