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An early Ethereum holder transferred 52,170 ETH valued at $120.61 million after 3 years of dormancy

Deep Tide TechFlow news, May 09, according to on-chain analytics platform Lookonchain (@lookonchain) monitoring, an early Ethereum holder, after being dormant for 3 years, transferred all 52,170 ETH to a new wallet 4 hours ago, worth approximately $120.61 million. Data shows that this address withdrew 42,572 ETH from Kraken 6 years ago when the ETH … Read more

Kraken’s Etana fraud suit targets CEO Russell

Kraken’s Etana fraud case alleges a Ponzi-like scheme diverted more than $25m in client funds. Kraken’s Etana fraud case alleges a Ponzi-like scheme diverted more than $25m in client funds. Kraken’s parent company Payward filed a second amended complaint on…

Largest Swiss Bank Loads Up on Strategy (MSTR)

UBS Group, the largest bank in Switzerland with $6.6 trillion in assets, has significantly accelerated its pivot into the digital asset ecosystem, solidifying a massive $1.12 billion position in MicroStrategy (MSTR).

British sprinter CJ Ujah charged with fraud in cryptocurrency scam conspiracy

According to DeepTrend TechFlow News on May 8, British police reported that UK sprinter CJ Ujah has been listed among 10 suspects indicted in a cryptocurrency fraud case, charged with conspiracy to commit fraud. Police stated that the individuals involved are suspected of being part of an organized crime ring, impersonating police officers and cryptocurrency … Read more

Analysis: Despite ongoing ethical controversies, stablecoin protocols have given new life to crypto legislation.

PANews reported on May 9th that, according to The Block, the chances of comprehensive crypto legislation moving forward have significantly increased after Senators Angela Alsobrooks and Thom Tillis reached a compromise on stablecoin rewards. Kristin Smith, president of the Solana Policy Institute, stated that she previously estimated the bill’s passage probability at around 20% to … Read more

BlackRock plans to launch two tokenized money market funds for stablecoin holders.

PANews reported on May 9th, citing Bloomberg, that BlackRock is planning to launch two tokenized money market funds targeting stablecoin holders, rather than traditional bank account customers. One is the digital equity class of BlackRock Select Treasury Liquidity Fund, investing in securities maturing within 93 days, such as cash and U.S. Treasuries, and will be … Read more