After the hardware wallet Ledger launched a key recovery service and caused controversy, its competitor GridPlus announced that it will open source the firmware of all its encrypted wallets in the third quarter of this year to propose transparency.

Treasury members in the House of Commons have called on the British government to abandon plans to regulate cryptocurrencies as a financial service and instead regulate them as gambling. It said the Financial Conduct Authority's proposal to regulate the crypto industry could have a "halo effect", giving the impression that crypto is "safer than it is" and could entice people to put money into speculative markets they should avoid.

Bitcoin technology and financial services company River has raised $35 million in a Series B round led by investment firm Kingsway Capital, with participation from billionaire investor Peter Thiel. Other investors in the new funding round include Cygni, Goldcrest and Valor Equity Partners. River last raised $12 million in a Series A round in 2021.

James Ho, head of Animoca Ventures, the investment arm of Animoca Brands, revealed in an interview that Animoca Ventures is currently exploring raising a second early-stage venture fund, adding that some "major Japanese game console makers" have expressed interest.

The recovery of funds from customers and creditors of bankrupt crypto lender BlockFi will depend largely on the company’s claims against its commercial counterparties, including FTX and Alameda. It is reported that BlockFi froze about $355 million in cryptocurrencies on FTX and provided another $671 million in loans to Alameda Research, FTX's trading arm, adding up to more than a billion dollars.

According to Bloomberg's latest Markets Live Pulse survey, if the U.S. hits its debt ceiling, gold, U.S. Treasuries and Bitcoin will be investors' top three preferred assets, more popular than the U.S. dollar, Japanese yen, Swiss franc and other assets. 51.7% of professional investors and 45.7% of retail investors are more willing to buy gold, 14% of professional investors and 15.1% of retail investors are more willing to buy government bonds, and 7.8% of professional investors and 11.3% of retail investors are more willing to buy gold. Willing to buy Bitcoin. The time frame of the survey was from May 8 to May 12, with 637 respondents worldwide.

Santiment, an encryption analysis company, tweeted that we did not conduct any airdrops, please do not click on any unofficial links. One of the connected apps appears to have been compromised and we have removed the threat and any unauthorized tweets. The team reminded users who visited the phishing site not to disclose private keys and revoked any access to affected wallets.

According to documents on the official website of the US Securities and Exchange Commission (SEC), the total compensation of Coinbase CEO Brian Armstrong in 2022 is approximately US$7.47 million, the total compensation of Chief Financial Officer Alesia Haas is US$11.97 million, and the total compensation of Chief Operating Officer and President Emilie Choi is 23.5 million US dollars, former chief product officer Surojit Chatterjee total compensation of 20.73 million US dollars, chief legal officer Paul Grewal total compensation of 7.47 million US dollars.

Affected by regulatory factors and industry developments, Bakkt, an encryption exchange under Intercontinental Exchange, delisted a variety of digital assets on a large scale, including Aave (AAVE), Avalanche (AVAX), Bancor Network Token (BNT), Basic Attention Token (BAT ), Chainlink (LINK), Chiliz (CHZ), Compound Token (COMP), Cosmos (ATOM), Curve DAO (CRV), Enjin Coin (ENJ), Fantom (FTM), Filecoin (FIL), GALA (GALA), The Graph (GRT), Internet Computer (ICP), Loopring (LRC), Maker DAO (MKR), Republic (REN), Stellar (XLM), Sushiswap (SUSHI), Synthetix (SNX), Texos (XTZ) and Uniswap ( UNI). A spokesperson for the exchange said that following the completion of the acquisition of Apex Crypto, we decided to delist some tokens from the platform as part of the exchange’s regular token listing review process. In November last year, Bakkt agreed to acquire Apex Crypto, and the transaction was completed on April 1. Under the terms of the agreement, Bakkt will acquire Apex Crypto for up to $200 million. Bakkt paid an initial $55 million and will pay up to $145 million in Bakkt stock depending on Apex's financial performance in 2025.