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Latest headlines from Coindesk.

FalconX Settles With CFTC for $1.8M Over Failure to Register as Futures Commission Merchant

FalconX will pay $1.8 million to settle newly-announced charges from the Commodity Futures Trading Commission (CFTC) that the crypto trading firm violated commodities laws by failing to register as a ...

https://www.coindesk.com/policy/2024/05/13/falconx-settles-with-cftc-for-18m-over-failure-to-register-as-futures-commission-merchant/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Cautious Bitcoin Bounce to Face Inflation Data Hurdles Later This Week

The downtrend in inflation has stalled so far this year, putting in doubt the odds for any Fed rate cuts in 2024.

https://www.coindesk.com/markets/2024/05/13/cautious-bitcoin-bounce-to-face-inflation-data-hurdles-later-this-week/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

U.S. Senators Question Justice Department's Pursuit of Crypto Mixers

A bipartisan pair of U.S. senators is questioning Attorney General Merrick Garland about the "unprecedented interpretation" of law the Department of Justice (DOJ) is using to pursue cryptocurrency sof...

https://www.coindesk.com/policy/2024/05/13/us-senators-question-justice-departments-pursuit-of-crypto-mixers/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

‘We're Doing it, We Believe in it’: The Sandbox’s Nicola Sebastiani on Bringing Gaming to the Metaverse

The Chief Content Officer, who is speaking at Consensus this month, says 280,000 Sandbox users are now generating creating games and experiences on the platform.

https://www.coindesk.com/consensus-magazine/2024/05/13/were-doing-it-we-believe-in-it-the-sandboxs-nicola-sebastiani-on-bringing-gaming-to-the-metaverse/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Wolverine-Themed Meme Coins Flood Market Following RoaringKitty's Cryptic Post

A series of Wolverine-related meme coins has been minted on several networks after RoaringKitty, the personality behind the Gamestop meme stock frenzy, posted a video of the X-Men character on X.

https://www.coindesk.com/business/2024/05/13/wolverine-themed-meme-coins-flood-market-following-roaringkittys-cryptic-post/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

China's Digital Yuan Isn't Taking Off Despite State Employee Salary Trial: Report

Most of the early recipients immediately transfer the digital yuan balances to their bank accounts to spend as cash.

https://www.coindesk.com/policy/2024/05/13/chinas-digital-yuan-isnt-taking-off-despite-state-employee-salary-trial-report/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Crypto Exchange Rain Hit by $14.8M Exploit: ZachXBT

Bahrain-based crypto exchange Rain fell victim to a $14.8 million exploit, according to blockchain sleuth ZachXBT.

https://www.coindesk.com/business/2024/05/13/crypto-exchange-rain-hit-by-148m-exploit-zachxbt/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Bitcoin Miner Marathon In Talks With Kenya to Help With Its Green Energy Ambitions

Kenya's President William Ruto also wants to build a regulatory framework for crypto, with Marathon's help.

https://www.coindesk.com/business/2024/05/13/bitcoin-miner-marathon-in-talks-with-kenya-to-help-with-its-green-energy-ambitions/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

AI Agents Will Drive the Next Wave of Crypto Adoption

Crypto agents are here already and they will get more and more advanced until we use them to run our financial lives, says Luke Saunders, CTO at Delphi Labs.

https://www.coindesk.com/opinion/2024/05/13/ai-agents-will-drive-the-next-wave-of-crypto-adoption/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Trump and Biden Tied on Polymarket, Diverging From Polls

Other election contracts show a 35% chance of a Republican sweep of the presidency and both houses of Congress and a 27% chance Democrats control the Senate after the election.

https://www.coindesk.com/markets/2024/05/13/trump-and-biden-tied-on-polymarket-diverging-from-polls/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

DYdX Founder Antonio Juliano to Step Down as CEO of the Decentralized Exchange; Ivo Crnkovic-Rubsamen Takes Over

Juliano will become chairman and president of dYdX Trading.

https://www.coindesk.com/business/2024/05/13/dydx-founder-antonio-juliano-to-step-down-as-ceo-of-the-decentralized-exchange-ivo-crnkovic-rubsamen-takes-over/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

No, Hong Kong's Crypto ETFs Aren't Available in Mainland China

The Stock Exchange of Hong Kong (HKEX) confirmed they aren't available. Chinese authorities are wary that ETFs offer a way to bypass strict international capital controls.

https://www.coindesk.com/markets/2024/05/13/no-hong-kongs-crypto-etfs-arent-available-in-mainland-china/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

DeFi Gigabrain Tarun Chitra on ETH Staking, Restaking and Why ‘Financial Nihilism' Is a Real Consumer Product

The Gauntlet founder talks about the state of crypto ahead of Consensus 2024.

https://www.coindesk.com/opinion/2024/05/13/defi-gigabrain-tarun-chitra-on-eth-staking-restaking-and-why-financial-nihilism-is-a-real-consumer-product/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Zest Raises $3.5M, Led by Tim Draper, for On-Chain Bitcoin Lending Using Stacks

The seed raise was led by billionaire investor Tim Draper with participation from Binance Labs, Flow Traders, Trust Machines and others.

https://www.coindesk.com/business/2024/05/13/zest-raises-35m-led-by-tim-draper-for-on-chain-bitcoin-lending-using-stacks/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Solana Memes, GameStop Stock Jumps 44% in Premarket as 'Roaring Kitty' Returns on X

Stocks related to Keith Gill surged while opportunistic developers issued scores of meme coins on various blockchains to capitalize on the hype.

https://www.coindesk.com/markets/2024/05/13/solana-memes-gamestop-stock-jumps-44-in-premarket-as-roaring-kitty-returns-on-x/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Bitcoin Mining Difficulty Slumped Last Week in Biggest Decline Since Crypto Winter: Bernstein

Lower cost miners have increased market share since the bitcoin halving event, the report said.

https://www.coindesk.com/markets/2024/05/13/bitcoin-mining-difficulty-slumped-last-week-in-biggest-decline-since-crypto-winter-bernstein/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

First Mover Americas: Bitcoin Fails to Hold $63K, May Remain Range-Bound

The latest price moves in bitcoin (BTC) and crypto markets in context for May 13, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

https://www.coindesk.com/markets/2024/05/13/first-mover-americas-bitcoin-fails-to-hold-63k-may-remain-range-bound/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Chinese Police Bust $296M Illegal Crypto-Based Currency Operation: Report

Police in Panshi City, Jilin arrested six people for running an "underground bank."

https://www.coindesk.com/policy/2024/05/13/chinese-police-bust-296m-illegal-crypto-based-currency-operation-report/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Bitcoin Below $60K Could Trigger 'Panic' Selling, Crypto Analyst Says

One trader said recent declines are likely related to miners' asset sell-offs and fears of tighter regulation of cryptocurrencies.

https://www.coindesk.com/markets/2024/05/13/bitcoin-below-60k-could-trigger-panic-selling-crypto-analyst-says/?utm_medium=referral&utm_source=rss&utm_campaign=headlines