Kraken cuts 150 staff amid AI efficiencies, potentially delaying IPO: Report
Kraken has cut 150 staff due to the rising use of AI, adding to more than 5,000 layoffs across the crypto sector so far this year, Bloomberg reports.
Reports suggest Iran is mulling Hormuz ‘insurance’ scheme, paid in Bitcoin
Screenshots of a website called “Hormuz Safe” have been circulating on social media, which offers “digital insurance” for ships passing through the Strait of Hormuz.
Surging oil prices have been driving Ether selling pressure: Tom Lee
Fundstrat’s Tom Lee pointed out an inverse correlation between crude and Ether as oil surged back to around $110 on Monday.
Senate crypto bill at risk beyond midterms if not passed by August: NYDIG
NYDIG’s Greg Cipolaro says the Senate’s crypto market structure bill is at risk of failing if it cannot clear a floor vote by August.
WETH markets return to normal operations on Aave amid rsETH recovery progress
Aave applied a temporary freeze to WETH as a precautionary safety measure in response to the exploit, alongside freezes on the rsETH and wrsETH reserves.
Analysts debate whether Bitcoin is in a ‘sell in May’ bear market setup
Some analysts argue that a comparatively broadened, institutionalized buyer base for crypto today may prevent a repeat of the drawdowns seen in May 2018 and May 2022.
Grayscale, VanEck amend US spot BNB ETF filings, stepping closer to a potential launch
The US securities regulator approved 21Shares’ Hyperliquid ETF last week, adding to a growing number of cryptocurrencies converted into ETF wrappers in the US.
Bernstein says Figure’s Q1 results shows uniqueness of blockchain marketplaces
Figure Technology Solutions latest quarterly results showed Bernstein analysts just how different it is from most balance sheet-based fintech lending platforms.
Saylor signals BTC buy as retail holders get push on STRC dividend vote
Michael Saylor signaled another Bitcoin buy on Sunday while urging retail investors to vote on a proxy measure enabling semi-monthly STRC dividend payouts.
SBI, Rakuten, Nomura line up to launch crypto investment trusts: Report
Japan’s biggest brokerages are racing to bring crypto investment trusts to retail investors, as regulators move to formally allow crypto-holding funds by 2028.