✅ We started this week at $63,700 and closed at the same level, but in the interval we managed to fall to the local bottom in a sharp drop to $56.8k, let's hope we don't have to return there again 😅

Weekly news digest:

💎 Crypto

🔸 Someone lost $68 million worth of WBTC by sending crypto to the wrong address

🔸 Renzo $REZ airdrop is live and claimable 🪂

🔸 LayerZero has announced that snapshot #1 for airdrop was taken on the 1st of May. The team also announced sybil hunt

🔸 Drift protocol announced airdrop

🔸 EigenLayer reveals plan for its EIGEN token airdrop

🔸 Friendtech $FRIEND airdrop is live now, the token is now claimable inside the app 

🏦 Crypto exchanges

🔸 Bitfinex supposedly suffered a database breach, but the CTO says it's fake

🔸 Coinbase faces class action suit asserting tokens are securities

🔸 Russian crypto exchange Beribit froze all withdrawals for its users ❄️

🔸 Binance has been slapped with a new class-action lawsuit in Canada 

💵 Finances and Economy

🔸 The Reserve Bank of Zimbabwe has introduced Zimbabwe Gold, or the ZiG, in paper and coin form that will replace the Zimbabwean dollar

🔸 Tether (USDT issuer) netted $4.52 billion in Q1 profit

🔸 Apple increased its cash dividend by 4% and authorized an additional program to buy back $110 billion of stock 🍏

🔸 Russian crypto exchange Beribit froze all withdrawals for its users

⚖️ Law and Order

🔸 Changpeng Zhao was sentenced to 4 months in prison

🔸 The Russian Parliament proposed to ban the organization and advertising of crypto circulation 🚫

🔸 A judge has granted a motion authorizing FTX debtors to enter a $450-million settlement agreement with bankrupt firm Voyager Digital

 🗣 Personalities

🔸 A solo Bitcoin miner solved a block alone and earned a $218,544 reward

🔸 Jack Dorsey said Block will flip 10% of its gross profit made off its Bitcoin products into buying BTC

#TrendingTopic: #CryptoWatchMay2024