May 2023 - Crypto News And Market Updates

Tether cuts $4.5B in bank exposure, Ripple wins court motion, Ledger sparks backlash, and Worldcoin enters advanced talks for $100M funding.

Bitcoin’s next move may define its trend as it retests the 200-day MA. A breakout could spark a rally, while failure risks a drop to $25k.

As Pepe loses momentum, Copium and AiDoge emerge as new favorites, showing explosive growth and strong investor interest amid a bearish market.

Vietnam court sentences two men to life in prison and 14 others to up to 19 years for kidnapping and stealing $1.5 million worth of Bitcoin.

Aave V2 users on Polygon can’t access $110 million in assets due to a contract bug. Developers say funds are safe and a governance fix is underway.

Ripple CLO Stuart Alderoty says a new Supreme Court ruling supports Ripple’s argument that the Howey Test should adapt to modern crypto cases.

FTX is suing former executives and Embed insiders to recover $240M, alleging its overpriced acquisition was rushed and lacked proper due diligence.

Sotheby’s sold NFTs from Three Arrows Capital’s collection for $2.48 million, including works from Fidenza, Ringers, and Cryptopunks.

Fidelity will remain in crypto but avoid promoting Bitcoin due to volatility and regulation concerns, says Managing Director Christian Staub.

Bitcoin Ordinals minting fees hit $38.2 million, rising 700% in one month as text-based inscriptions dominate and BRC-20 tokens expand.