zkSync-Based DEX Merlin Drained of $1M During Public Token Sale Despite ‘Audit’
The project garnered hype among Crypto Twitter users for its attractive yield offered on deposits.Source
First Mover Asia: Bitcoin Breaks Its Losing Streak in Late Tuesday Rally
ALSO: CoinDesk’s Pete Pachal and Daniel Kuhn outline important themes at Consensus 2023 conference, which opens Wednesday in Austin, Texas.Source
NY Fed Policy Change Could Squash Stablecoin Issuer Circle’s Hope for Fed Access
Funds structured as stablecoin issuer Circle’s Blackrock-managed USDC reserve fund “generally will be deemed ineligible” for the New York Federal Reserve’s reverse repurchase program under the new rules.Source
Bitcoin Regains $28K Amid Mildly Encouraging Tech Earnings, Liquidation of Short Positions
BTC climbed Tuesday afternoon as Google and Microsoft’s first-quarter earnings surpassed expectations. Both equities and Treasury yields were down on Tuesday, however.Source
FTX’s LedgerX Derivatives Exchange Sold to Miami International Holdings in Bankruptcy Auction
FTX.US last purchased Ledger Holdings, the parent company of LedgerX, for $298 million in October 2021, according to audited financial documents viewed by CoinDesk.Source
Former Signature Bank Crypto Payments Chief, 4 of His Team Join Fortress Trust
Joseph Seibert, formerly head of its digital assets at Signature Bank, has brought over part of his risk and compliance team and a blockchain payments specialist.Source
Alejandro Navia: Building the Future of Tokenized Media
The co-founder and president of news site nft now, a speaker at this year’s Consensus, discusses why Web3 has a mental health problem and the future of tokenized media.Source
Pepe Coin’s Top Bull Also Has Millions in Shiba Inu, but Holdings Suggest Risk for Traders
Millions worth of pepe tokens are held by a small number of wallets, with one such wallet seemingly a memecoin bull.Source
Gibraltar Court Orders Crypto Wallet Freezes as Investigators Probe Failed Trader Globix: FT
A Gibraltar court has ordered Binance, Crypto.com, Bitstamp and Kraken to freeze wallets or identify owners linked to the collapsed crypto trader.Source
Bitcoin’s 50-Day Moving Average in Focus for Crypto Analysts After 11% Price Pullback
A break below the average would call into question the bull market’s strength, one analyst said.Source