tl;dr
1. JPMorgan CEO Jamie Dimon thinks there could be a global recession and he puts the chances at 65%. Because of this he thinks the Fed should hold off on rate cuts until beyond June2. Unizen, a DeFi protocol, suffers a $2 million hack, highlighting security vulnerabilities in DeFi platforms and the ...
1. JPMorgan CEO Jamie Dimon thinks there could be a global recession and he puts the chances at 65%. Because of this he thinks the Fed should hold off on rate cuts until beyond June
2. Unizen, a DeFi protocol, suffers a $2 million hack, highlighting security vulnerabilities in DeFi platforms and the need for enhanced security measures to protect investors.
3. Bitcoin Developers Establish BRC-20 Standard: Bitcoin developers unite to establish the Layer 1 Foundation, overseeing the BRC-20 token standard, aiming to maintain simplicity, safety, and decentralized governance in Bitcoin's protocol.
4. Two senior Binance executives are detained in Nigeria over a $26 billion dispute involving untraceable funds, raising concerns about financial crime and regulatory compliance in the cryptocurrency industry.
5. The Thai SEC allows high-net-worth individuals and institutional investors to invest in crypto ETFs, marking a shift in regulatory stance and opening opportunities for institutional involvement in the digital asset market.
6. Grayscale Bitcoin Trust experiences massive outflows, while the crypto market capitalization reaches $2.85T, driven by Bitcoin's record high price and increased institutional investment.
7. Mastercard has recently unveiled its new product, Web3 Payment Services, aiming to revolutionize the way consumers make online transactions using cryptocurrencies.
8. Solend expands to the Sui Network, showcasing the potential for interoperability and scalability in DeFi platforms, while leveraging Sui's security and efficiency.
9. Poland's crypto regulator KNF gains significant authority to block crypto accounts and freeze funds for 96 hours in suspected criminal activities, drawing mixed reactions from investors and aligning with EU regulations.
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