Happy Thursday!

The global crypto market cap is $1.14 trillion, with a 24-hour volume of $28.97 billion. The price of Bitcoin is $26,825.57, and BTC market dominance is 46.1%. The price of Ethereum is $1,861.64, and ETH market dominance is 19.8%. The best-performing sector is Cannabis, which gained 65%. The Crypto Fear & Greed Index is currently Neutral (52).

Top News

Gate.io denies rumors of withdrawal issues following Multichain’s unrelated crisis

Arkham Intel and other high-profile accounts likely spurred those rumors.

Bware Labs Launches $INFRA Token

Bware Labs launched their INFRA token on May 30, 2023, at 10:00AM UTC. The launch of INFRA reaffirms the company’s mission to make high API performance possible within a decentralized Web3 infrastructure.

Blast, Bware Labs’ API platform, is on the path to achieving decentralization and becoming permissionless by enabling any blockchain node that can maintain the required level of quality to register within the protocol. Earning INFRA tokens will encourage operators to run full nodes on all of the Blast supported chains, leading to node stability, a better reallocation of unused resources, cutting down on energy use, and lower infrastructure costs. By leveraging INFRA through staking, by becoming node operators, or through delegations, Bware Labs community members gain the ability to contribute to the network's growth, hold a share in its rewards, and shape its future direction.

The total supply of $INFRA tokens has been deployed on Ethereum, and then it will be partially bridged to the Avalanche Chain through the Avalanche Bridge.

Follow INFRA’s path to decentralization from listing day 1!

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Disclaimer: This is a sponsored post brought to you by Bware Labs.

Multichain unable to contact CEO, has no access to project servers

The project has experienced issues and transaction delays over the past week.

US court says IRS has legal authority to access Coinbase users’ trading data

The court stated trading records at Coinbase are akin to financial records at a bank and cannot be protected under constitutional rights.

Latest Insights

• Yesterday saw the largest one-day Bitcoin transfer from miners to an exchange in two years

• Bitcoin outshines oil on increase in value since 2010

• Bitcoin suffers worst month since November 2022, while Ethereum holds steady

• Asia’s Bitcoin supply continues to increase during bear market

More News

TD Cowen shutters digital assets unit

The investment bank, which launched its digital assets services last year, was acquired by TD Bank Group in March.

Jimbos Protocol turns to law enforcement after hacker ignores $800K bounty

The DeFi project has contacted the Department of Homeland Services (DHS).

NFL players union unable to collect $41.8M in NFT-related revenue

Sources familiar with the dealings said the missing revenue is linked to the NFTs launched in collaboration with the NFL throughout 2021 and 2022.

Crypto scams and exploits in May led to $60M loss: CertiK

Crypto scams in May pushed the total amount stolen in the industry close to $500 million year-to-date.

Binance layoffs – CZ refutes bear market struggles

CZ commented that Binance remains profitable and is always looking to hire talented workers.