May 2023 - Crypto News And Market Updates

BlackRock-themed Bitcoin illustration with gold and market elements, representing institutional views on Bitcoin’s long-term value.

Ran Neuner Dumps Altcoins for Bitcoin, Predicts BTC Will Surpass Gold as Global Safe Haven

May 18, 2023 Gonzalo

Ran Neuner liquidates his altcoins, calling Bitcoin the next global safe haven that could surpass gold and dominate the next crypto bull market.

Wormhole Launches $50 Million Cross-Chain Ecosystem Fund to Support Web3 Startups

May 18, 2023 Gonzalo

Wormhole launches a $50M fund with Borderless Capital to back Web3 startups building cross-chain apps and tools across multiple blockchain ecosystems.

Illustration showing Bitcoin price going down, with a Bear in front, showing FUD of the crowd

Why This Bitcoin Cycle Is Different: Analyst Warns Against Blind Faith in Past Recoveries

May 18, 2023 Gonzalo

Bitcoin’s past recoveries may not repeat, warns Dan Ashmore, as the crypto faces its first real test amid global rate hikes and a cooling stock market.

Illustration visualizing DeFi growth alongside AI-driven analytics and blockchain data.

CFTC Chair Says DeFi Platforms Offering Derivatives Must Register Under U.S. Law

May 18, 2023 Gonzalo

CFTC chairman Rostin Behnam says DeFi platforms offering derivatives to U.S. users must register with the agency, signaling stronger crypto regulation ahead.

Blockchain

Subversive Capital Shuts Down Metaverse ETF ‘PUNK’ After 30% Loss, Shifts Focus to AI

May 18, 2023 Gonzalo

Subversive Capital is closing its PUNK Metaverse ETF after a 30% decline, shifting focus to AI as investor interest in the metaverse continues to fade

Illustration featuring XRP branding with market data visuals, symbolizing price movement and trading activity.

Ripple Acquires Swiss Digital Asset Custody Firm Metaco as XRP Price Climbs

May 18, 2023 Gonzalo

Ripple acquires Swiss custody provider Metaco, expanding into institutional digital asset services as XRP price jumps 5.5% following the news.

Visual illustrating an FTX-related acquisition lawsuit, highlighting legal action, clawback claims, and corporate dispute themes.

FTX Sues Sam Bankman-Fried and Executives Over $220M Embed Acquisition

May 18, 2023 Gonzalo

FTX sues Sam Bankman-Fried and former executives over the $220M Embed deal, claiming fraud, lack of due diligence, and misuse of customer funds.

Illustration representing Aster protocol visibility and potential integration with Coinbase ecosystem.

Coinbase Sparks Speculation with Countdown Timer — PEPE Listing or Coinbase One?

May 18, 2023 Gonzalo

Coinbase posts a cryptic countdown timer, igniting speculation about a PEPE listing or Coinbase One launch as the crypto community debates possible outcomes.

EU Council Gives Final Approval to Landmark MiCA Crypto Regulation

May 18, 2023 Gonzalo

The EU Council finalizes MiCA, setting the first unified crypto regulation across Europe, addressing investor protection, AML, and market stability.

Grayscale says SEC staff suggest Filecoin is a security

May 18, 2023 Gonzalo

Grayscale challenges the SEC’s claim that Filecoin is a security, saying it will defend its legal position after regulators requested a withdrawal of its trust filing.