Jack Dorsey's Block faces scrutiny from federal authorities over non-compliant crypto services — link | tl;dr

U.S. spot Bitcoin ETFs recorded $563.7m outflows on Wednesday, largest daily net outflows ever — link | tl;dr

BlackRock sees sovereign wealth funds, pensions coming to Bitcoin ETFs — link | tl;dr

Hong Kong Bitcoin & Ether ETFs saw $292m in assets on Day One — EricBalchunas

The current BTC price is the average purchase price of the Spot Bitcoin ETF buyers, ~$57K to ~$58K — link

Coinbase Q1 revenue $1.64b (estimated $1.32b) — link | tl;dr

Jack Dorsey’s Block says it will buy Bitcoin every month with 10% of its Bitcoin-related gross profit until the end of 2024 — link | tl;dr

U.S. Bitcoin ETF saw $36.7m net outflows. Only $GBTC was negative today — link

In Q1 2024, venture capitalists invested $2.49bn (+29% QoQ) into crypto and blockchain-focused companies across 603 deals (+68% QoQ).

This was the first rise in both capital invested and deal count in 3 quarters, perhaps signaling that Q4 2023 was the “bottom,” However, sustained and larger increases are needed to confirm this trend — link

Grayscale (GBTC) Daily BTC Flows: +63.1m, first inflow since ETF conversion — link

US spot Bitcoin ETFs saw a +$378.5m net inflows today — link

SEC issues Robinhood Crypto with Wells Notice, citing alleged securities violations — link | tl;dr

SEC delays Invesco & Galaxy spot Ethereum ETF — link

U.S. spot Bitcoin ETFs saw +$217.3m net inflows this Monday. Second consecutive inflow day for $GBTC — link

Revolut launches standalone crypto trading platform for UK retail customers — link | tl;dr

Digital asset investment products saw outflows for the fourth consecutive week totalling $251m. This week marked the first week to see any measurable outflows from the newly issued ETFs in the US.

Spot ETFs in Hong Kong saw $307m inflows in the first week of trading — link

98% of FTX creditors will receive at least 118% of their approved claims in cash within 60 days after the effective date.

Other creditors to receive 100% of allowed claims plus billions in compensation for time value of their investments — link | bbg

Crypto trading firm Wintermute to provide liquidity for Hong Kong Bitcoin and Ether ETFs — link | tl;dr

SEC argues $2 billion penalty against Ripple is needed, slams $10 million counterproposal — link | tl;dr