Newsletter May 20, 2024

Notorious Pink Drainer Retires After Helping Exploiters Wipe $75M From Crypto Industry

Pink Drainer is retiring after helping hackers and scammers in their wallet-draining exploits that resulted in $75 million in crypto losses.

Nigerian Court Denies Bail For Binance Executive Gambaryan

Tigran Gambaryan, Binance's compliance chief, has been denied bail following nearly three months of being under Nigerian custody.

Morgan Stanley Holds Nearly $270M Worth Of Grayscale's Spot Bitcoin ETF

Morgan Stanley is the latest traditional financial institution to disclose that it holds millions worth of spot Bitcoin ETF after several big-name institutions revealed their massive holdings.

Bitcoin And Crypto Price Review - Another Myth Gets Busted?

Bitcoin enthusiasts always have myths to defend the digital currency and its peers. One of the myths held in the early days was that Bitcoin is a hedge against inflation, as it isn't subject to the manipulation of central governments.

Bitcoin And Bonds Rally, As Stock Momentum Stalls On Profit-taking — What Is Next

The digital currency traded close to the $70,000 mark after crossing the $60,000 mark a week earlier. It was up 2.3% for the week, on solid interest from the newly established ETFs, the prospects of lower interest rates, and a tighter supply on the upcoming halving in April.

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