Crypto News Weekly Recap 📰

7th May – 21st May

▫️ Number of new Bitcoin wallets drops to lowest level since 2018.

▫️ US Senate voted to repeal anti-crypto SEC Staff Accounting Bulletin 121, allowing banks to offer crypto custody.

▫️ SEC filings suggest ETH might be considered a security in ETF denials.

▫️ Morgan Stanley discloses over $270M worth of US spot bitcoin ETF holdings.

▫️ Wisconsin Investment Board reveals $163M in spot Bitcoin ETFs.

▫️ Sonne Finance faces a $20M exploit, pausing its markets on Optimism.

▫️ Alex Lab loses $4.3M in a hack, offering a 10% bounty for stolen funds.

▫️ Pump. fun identifies a $1.9M exploiter as a former employee.

▫️ BlockTower Capital’s main hedge fund compromised in an attack.

▫️ Two brothers arrested for attacking Ethereum, stealing $25M in cryptocurrency.

▫️ Tornado Cash developer Alex Pertsev sentenced to 64 months in prison for money laundering.

▫️ North Korea-linked group launders $147M in crypto using Tornado Cash.

▫️ Hong Kong launches personal e-CNY wallets for local users.

▫️ Kraken considers ending Tether support in the EU.

▫️ Vitalik Buterin drafts EIP-7706, proposing a new calldata gas type.

▫️ Buterin addresses threats to Ethereum’s decentralization in a blog post.

▫️ Ethereum Protocol Fellowship cohort 5 applications open.

▫️ EF Q1 grantees share $11M in funding.

▫️ MakerDAO founder says fully decentralized 'PureDai' will launch in a few years.

▫️ PancakeSwap offers to pay off interface fees for Uniswap users.

▫️ Lens Network to migrate to zkSync.

▫️ LayerZero Labs’ CEO says up to 100,000 addresses have self-reported as airdrop sybils.

▫️ Polymarket, a prediction market platform, closes a $45M funding round.

▫️ Animoca Brands leads a $7M round for gaming platform Param Labs.

▫️ Shogun, an intent-centric DeFi protocol, announces a $6.9M seed funding round.

▫️ Zeta Markets, a Solana DEX, secures $5M in a token round.

▫️ Zest raises $3.5M in funding, led by Tim Draper.