US lawmakers introduce bill to suspend crypto mixer transactions

US lawmakers have proposed a new bill that aims to temporarily prevent financial institutions from engaging in transactions involving funds that have been through crypto mixers. Congressman Sean Casten (IL-06) introduced the... Read more »

NYSE Arca withdraws Grayscale’s futures ETH ETF 19-b4 filing

The US SEC reported a critical Grayscale withdrawal on May 7 that could have broad implications for spot Ethereum ETFs. Specifically, NYSE Arca withdrew a 19-b4 filing containing a proposed rule change... Read more »

Polkadot developer proposes inflation upgrade to enhance transparency

Polkadot developer Kian Paimani has proposed a flexible inflation upgrade for the network to address the issues tied to the blockchain’s inflation logic. According to the proposal’s GitHub document, the Polkadot relay... Read more »

Hightower Advisors, SouthState Bank disclose investments in spot Bitcoin ETFs

Hightower Advisors disclosed a $68 million investment in spot Bitcoin ETFs in a May 6 filing. The 13F filing indicates that the firm holds 709,956 shares of Grayscale’s GBTC worth $44.8 million,... Read more »

Crypto phishing attacks plummet in April, reaching a yearly low of $38 million

Phishing attacks within the crypto industry decreased 46% to $38 million in April, the lowest amount this year, according to the security firm Scam Sniffer. Notably, this aligns with CertiK’s finding that... Read more »

Six Coinbase customers claim the exchange is violating securities laws in new lawsuit

Six Coinbase customers filed a new class-action lawsuit against crypto exchange Coinbase Global, two subsidiaries — Coinbase, Inc. and Coinbase Asset Management, LLC. — and its CEO, Brian Armstrong, on May 5.... Read more »

The rise of Bitcoin ETFs and future market implications

The following is a guest post from Shane Neagle. Regardless of an asset’s fundamentals, its value is governed by one underlying feature – market liquidity. Is it easy for the wider public... Read more »

BTC-e crypto exchange operator pleads guilty to money laundering in the U.S.

Alexander Vinnik, a Russian national who operated the crypto exchange BTC-e, pled guilty to charges of money laundering conspiracy in the US on May 3, according to a Bloomberg report. BTC-e was... Read more »

DOJ charges three Cred execs over $783 million in customer fund losses

On May 3, the US DOJ announced charges against former executives of Cred, a bankrupt crypto lending and investing firm. Authorities alleged that the three accused individuals — Cred co-owner and former... Read more »

Crypto market unsure as Maxine Waters nominates Kristin Johnson for key Treasury position

Rep. Maxine Waters, a ranking member in the US House Committee on Financial Services, has proposed the nomination of Ms. Kristin Johnson, a current Commissioner of the US Commodity Futures Trading Commission... Read more »
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