Crypto News Weekly Recap
7th May – 21st May
1▫️ Number of new Bitcoin wallets drops to lowest level since 2018.
2▫️ US Senate voted to repeal anti-crypto SEC Staff Accounting Bulletin 121, allowing banks to offer crypto custody.
3▫️ SEC filings suggest ETH might be considered a security in ETF denials.
4▫️ Morgan Stanley discloses over $270M worth of US spot bitcoin ETF holdings.
5▫️ Wisconsin Investment Board reveals $163M in spot Bitcoin ETFs.
6▫️ Sonne Finance faces a $20M exploit, pausing its markets on Optimism.
7▫️ Alex Lab loses $4.3M in a hack, offering a 10% bounty for stolen funds.
8▫️ Pump. fun identifies a $1.9M exploiter as a former employee.
9▫️ BlockTower Capital’s main hedge fund compromised in an attack.
10▫️ Two brothers arrested for attacking Ethereum, stealing $25M in cryptocurrency.
11▫️ Tornado Cash developer Alex Pertsev sentenced to 64 months in prison for money laundering.
