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Novogratz says LUNA tattoo is a constant reminder investing ‘requires humility’
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“Not going away” — Mike Novogratz says that despite being permanently humbled by the recent Terra collapse, the crypto industry will continue to grow.

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‘Grim Reapers’ financial crimes unit revived to investigate Terra collapse
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After over two years, the feared investigative and prosecutorial team has been reformed by the new President to look into the mess caused by Terraform Labs.

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$3B flows to Metaverse and Web3 gaming this month as A16z’s tips in $600M
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“GAMES FUND ONE” will invest in game studios, consumer apps and game infrastructure providers with a16z saying the industry has “solved many of the problems” ...

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Russia will inevitably legalize crypto payments says trade minister
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“The question is when this will happen, how it will happen and how it will be regulated. Now both the Central Bank and the government are actively engaged in ...

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Coinbase introduces Web3 functionality with hot wallet and dApp browser
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Select Coinbase users will access Ethereum dApps and NFTs via the Coinbase app The crypto exchange has also temporarily moved away from plans to triple staff ...

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SEC chair uses crypto enforcement in justification for FY2023 budget
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"We’re not trying to grow really significantly, but resources to grow at least six percent to grow our enforcement arm in this space," said Gary Gensler.

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Candidate supported by Bankman-Fried-linked PAC loses Oregon primary
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Record spending in a Democratic House primary could not give a political newcomer the boost he needed to overcome a local politician with a long career.

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Socios fan tokens rally 40%+ after Chiliz rolls out mainnet upgrade and token burn plan
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A new exchange listing, mainnet launch and competitive token burn mechanism led to a sharp rally in Socios fan tokens.

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Was Terra’s UST cataclysm the canary in the algorithmic stablecoin coal mine?
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After an earthquake, there are always aftershocks. The collapse of UST could be a sign that other stablecoins are also critically flawed.

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Price analysis 5/18: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, AVAX, SHIB
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Ailing stock markets continue to impact crypto prices and technical analysis suggests BTC is at risk of falling below its recent $25,500 low.

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Early polling from Terra vote indicates 91% are in favor of ‘rebirth’
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Despite the overwhelming approval of the proposal as of Wednesday, many Terra users on social media suggested the network burn its LUNA tokens.

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Bitcoin price drops under $29K as Walmart, Target stock lose most since 1987
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Shock earnings reports contributed to fresh market weakness, depriving Bitcoin and altcoins of any new gains.

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