Bitcoin’s ‘Estimated Leverage Ratio’ Hits Lowest Since December 2021
The estimated ratio indicates how much leverage is used by traders on average, according to CryptoQuant.Source
DEX Merlin and CertiK Plan to Compensate $2M to Users Impacted in Rugpull
A rogue developer behind the hyped launch allegedly conducted the rugpull on Wednesday.Source
Bitcoin Volatility Hits Longs and Shorts as $175M Liquidated, $1B in Open Interest Wiped
Few leveraged futures traders were safe as bitcoin’s price movements impacted both longs and shorts.Source
First Mover Asia: Bitcoin Seesaws Wildly Before Settling Above $29K
ALSO: Writing about different sessions at Consensus 2023, CoinDesk columnist Daniel Kuhn considers the difficulty that the builders of decentralized finance (DeFi) and financial regulators are having in finding linguistic common ground.Source
Ex-a16z Engineering and Security Heavyweights to Start Crypto Custody Firm: Source
a16z’s former CTO, Riyaz Faizullabhoy, and former CISO Nassim Eddequiouaq have the blessing and seed backing of the venture capital giant, a person familiar with the plans said.Source
Crypto Innovation and Regulation Can Co-Exist, Top Industry Executives Agree
In a wide ranging conversation, four crypto industry senior executives discussed what’s next in the digital asset market’s evolution.Source
Bitcoin Could Be ‘Great’ Investment for IRA or 401K Plans
Retirement accounts offer tax-free crypto investing forever and provide an effective way to lower overall portfolio risk said ForUsAll CEO David RamirezSource
Bitcoin Whitepaper to Be Removed in Next Apple MacBook Update: Report
The ‘Easter egg’ went viral earlier this year, but won’t remain on Apple for long.Source
Ethereum’s Lifetime Energy Use Before the Merge Equaled Switzerland’s for a Year
If Bitcoin’s energy consumption can be thought of as a skyscraper, Ethereum’s energy use post-Merge, would be the size of a raspberry, according to University of Cambridge research.Source
Former Coinbase Employee Seeks to Limit Jail Term to 10 Months in Insider Trading Case
Ishan Wahi faces a sentencing hearing on May 9 after admitting he’d revealed details of forthcoming crypto listings to his brotherSource