CoinQuest

Hong Kong Bitcoin, Ether ETFs Erase Two Weeks of Inflow in Single Day 👀 Hong Kong's Bitcoin and Ether ETFs saw their largest-ever net outflow on Monday, totaling $32.7 million. This wiped out gains since their launch less than two weeks ago. ChinaAMC's Bitcoin fund recorded the largest outflow of $15.5 million, while Ether ETFs also experienced net outflows totaling $6.6 million.

dYdX founder to step down as CEO, taking chairman role The founder of dYdX, Antonio Juliano, will step down as CEO of the crypto platform. Juliano shared his plans in an official blog post, detailing his transition to the positions of chairman and president of the company. His successor as CEO will be Ivo Crnkovic-Rubsamen, who served as the operating partner of dYdX. “I realized I didn’t actually have to run my own company. I am and will always be the founder of dYdX.”

Lookonchain Reports: Two Dormant Wallets Transfer 1,000 BTC ($60.9M) After 10.7 Years ! 🔥

Mark Cuban: SEC could tank Biden’s re-election chances as Trump embraces crypto Billionaire Mark Cuban is concerned about President Joe Biden’s chances of re-election and blaming the U.S. Securities and Exchange Commission (SEC). In a May 10 post on X, Cuban — a minority stakeholder of the Dallas Mavericks — criticized SEC chair Gary Gensler’s regulatory approach toward the crypto industry. And if the 2024 U.S. presidential election goes to former, and twice-impeached President Donald Trump, the SEC could bear the blame, he says. “If [Biden] loses, there is a good change you will be able to thank Gary Gensler,” Cuban says. See below.

Cardano Founder: President Joe Biden is Trying Hard to 'Kill Crypto' 💸 Charles Hoskinson, founder of Cardano, accused President Joe Biden's administration of trying to destroy the American cryptocurrency industry. Hoskinson criticized the government's actions, including restricted access to bank accounts and the SEC's regulatory approach. He claimed the White House is obstructing legislative processes, aiming to harm the industry. Hoskinson made these remarks in a video posted on May 9, expressing concern over the administration's impact on the crypto sector.

Scammer seeks victim’s Telegram to return stolen $68m Blockchain sleuth ZachXBT reported that the hacker believed to be behind the attack and the theft of $68 million in assets has decided to return the money to the victim. The attacker left a message in the Etherscan.io chat and asked for the victim’s Telegram to return 51 Ethereum (ETH).

What is Dexsport? In a nutshell, Dexsport is a decentralized Web3 betting platform that allows users to place bets on sports & e-sports matches using crypto. Why bet on Dexsoprt? 🔗 Multichain & multicoin support (BNB, Tron, etc.) 😌 User-friendly interface (start playing in two clicks) 🔒 Solid security (audited by Certik) 🎭 Complete user privacy (no KYC needed) 🤝 Strong community support (across many social media channels) In fact, to celebrate our fresh update… We’re doing an awesome giveaway right now! 🎁 If you fancy some cool rewards, you can join here 👇 🔗 Join The Giveaway 🔗 📌 Announcements 📌 Community 📌 Website P.S. The giveaway won’t last long! We’re wrapping up on May 20th!

FTX's Proposal for 'Billions in Compensation' Met with Mixed Reactions FTX's new proposal to repay victims of its 2022 collapse promises to reimburse all creditor claims plus "billions in compensation for the time value of their investments." The plan, subject to court approval, offers a 118% recovery to most creditors, but reimburses based on asset values at the time of FTX's bankruptcy, not current prices. FTX estimates the total distribution to creditors will be $14.5 to $16.3 billion.

MoonPay, BitPay partner to simplify crypto transactions 💸 MoonPay announced via social media that the partnership would enable easier and faster crypto sales, streamlining how users transfer cryptocurrency to their bank account or debit card. The integration aims to simplify the digital finance landscape and provide accessible payment solutions, potentially helping crypto users navigate and transact more efficiently.

Venture Capital Investment in Crypto Surpasses $1B for Second Consecutive Month 💸 In April, the crypto venture capital funding exceeded $1 billion for the second consecutive month. This funding was spread across 161 investment rounds, slightly lower than the $1.09 billion from 186 rounds in March, according to RootData. These consecutive months above $1 billion mark the first time since October-November 2022 that the industry has seen such sustained high funding levels.