Crypto News Weekly Recap 📰

Paradigm
Paradigm
Published in
2 min readMay 14, 2024

--

7th May — 14th May

▫️ Robinhood received a Wells Notice from the SEC.

▫️ President Biden plans to veto congressional disapproval of SEC Staff Accounting Bulletin 121.

▫️ Hong Kong formed an industry community to develop wholesale CBDC and tokenization.

▫️ Japan’s Metaplanet adopts bitcoin as a reserve asset amid yen slump.

▫️ China busts a $295 million underground bank that used crypto to convert foreign currencies.

▫️ Colombian President allegedly accepted $500,000 in illicit crypto donations for the 2022 campaign.

▫️ Canadian financial regulator fines Binance 6 million CAD over money laundering violations.

▫️ Ethereum developers target Ease of Crypto wallets with their new standard, EIP-3074.

▫️ Vitalik Buterin proposed EIP-7702, aiming to refine account abstraction.

▫️ Bitcoin worth over $60 million moved for the first time in 10 years.

▫️ Bloom experiences a $600k exploit on Blast related to rebasing yield, with 90% of funds recovered.

▫️ Victim of a $71 million ‘address poisoning’ attack recovers funds following negotiations.

▫️ Fantasy .top (CryptoTwitter fantasy sports game) accounts for 50% of mainnet NFT volume.

▫️ Tokenize. it Crowdinvesting introduces security tokens for German limited liability companies.

▫️ BlackRock-backed Securitize applies for Arbitrum RWA incentives.

▫️ Zora acquires mint. fun.

▫️ ShapeShift founder Erik Voorhees launches generative AI platform Venice.

▫️ Synthetix founder Kain Warwick launches Infinex.

▫️ DexGuru, rebranded as Guru Network, unveils its new plans.

▫️ Mode, an L2 network developed on the OP stack, begins distribution of 550M tokens.

▫️ Crypto super PACs raise $102M for the 2024 US elections.

▫️ Botanix Labs raises $8.5M in funds to build a Bitcoin-native DeFi ecosystem.

▫️ Bitcoin-native application platform Arch raises $7 million led by Multicoin Capital.

▫️ Arcium closes a $5.5M strategic funding round to develop a “confidential computing” network.

▫️ ZKM secures $5M in funds ahead of the launch of its L2 network.

▫️ The Starknet Foundation launches a $5M grants program.

--

--