FTX Customers Anticipate Higher Recoveries as SpaceX Shares Soar

A new crypto-theft campaign, TrapDoor, targets developers with wallet keys, cloud credentials, and production access. The attack spreads across npm, PyPI, and Crates.io, disguising as developer tools to steal sensitive data.

The European Commission is considering taxing the gambling industry and other sectors to generate up to EUR 13.3 billion over seven years, part of the bloc's budget. This move follows a similar action taken in the United Kingdom last November, potentially impacting US tech firms.

OKX Ventures and Korea Investment & Securities will collectively invest KRW 160 billion ($106 million) for a 39.2% stake in South Korean exchange Coinone. The deal involves secondary share purchases and subscriptions for new shares, pending regulatory approval.

The Sui network faced a major outage due to a network stall, causing over five hours of downtime and counting. Engineers are working on a solution, with a fix being rolled out to validators.

FalconX has confidentially filed a draft S-1 registration statement with the SEC, taking the initial step towards a potential public listing. The California-based brokerage firm, serving institutional clients, is working with Cantor and other bankers for its IPO, expected by year-end.

Tether's USAT token saw a 540% growth in circulating supply and reserve assets in April, reaching $140.8 million and $141.2 million respectively. The CEO attributes this growth to increased institutional use and a positive policy environment.

Sequans Communications, a French semiconductor company, is winding down its Bitcoin treasury experiment after redeeming its convertible debt by selling BTC. The company once aimed to accumulate over 3,000 BTC as a "long-term reserve," but now plans to monetize its remaining 658 BTC.

According to a report by CryptoQuant, the balances of large Bitcoin holders, known as "whales," have been decreasing over the past year. This decline, along with a slowdown in accumulation by "dolphins," mirrors patterns seen in previous bear markets.

The Clarity Act, if passed, would legalize most crypto activity in the U.S. and set a new standard for global crypto regulation. It covers all cryptocurrencies, DeFi, and anti-money laundering measures, potentially impacting the global economy and institutional crypto adoption.

Hyperliquid's SPACEX-USDH perpetual contract experienced a drastic flash crash, dropping 45% in value within 30 minutes before partially recovering. The crash liquidated 405 users and wiped $1.51 million in notional value, revealing a lack of depth and liquidity in the market.