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Welcome to the Crypto Scroll. web3, defi, and crypto news in just one quick scroll. We do the homework so you don't have to.

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How are we feeling this morning!? Are we Bullish? Bearish? Don’t worry - token prices can’t decide either! Keep on Scrolling to learn more about RFK & Donald Trump’s bullish views of crypto; Multi-billion dollar withdrawals from exchanges; A $300M hack 😅; and so much more 🔥

• Candidate RFK says BTC can help solve US debt crisis (TD)

• Coinbase says the SEC is trying to destroy the crypto industry (BLOCK)

• Tether acquires $100M stake in BTC miner Bitdeer (B)

• Musk did not talk with Trump about crypto but here is his take on digital assets (M)

• $2.53B in BTC withdrawal stuns exchanges (I)

• Matter Labs takes scrutiny for web3 community for filing to trademark ZK (DT)

• Bitcoin touches $70k early this morning with Ether hovering $3.8k

• Certik, a blockchain security solutions provider, creates Certik Ventures to back security-first blockchain startups (CDLY)

• A16Z donates another $25M to crypto PAC (TB)

• Farcaster seals $150M for web3 social media (NFTP)

• ARPA Network raises $6M from Laser Digital, Defiance Capital, Animoca Ventures, and others (FSME)

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• Biden vetoes major crypto custody bill for institutions (Y)

• Crypto firms must provide timely customer service says New York regulator (P)

• Hong Kong kicks out unlicensed crypto exchanges (M)

• Hong Kong officials to fully promote digital assets, web3, and more (S)

• SEC proposes cross-border Sandbox for US and UK crypto industries (TD)

• Cassidy Warren demand update on efforts to combat illicit use of crypto in drug markets (CS)

• Paraguay shuts down illegal Bitcoin mining farm with 2,700+ miners connected to nations power grid (N.B)

• Nigeria’s interest in Bitcoin grows even with regulatory restrictions (CT)

• Japanese crypto exchange DMM suffers $305M hack (CD)

• Web3 gaming token GALA crashes last week after $240M exploit (TD)

• May sees $42.6M of crypto hack losses across the board (NM)

• Frax Finance X account hacked - potentially an inside job (CS)

• The missing CryptoQueen that scammed $4.5B with fake crypto is still being investigated (BBC)

• $3B+ Ether has been removed from centralized exchanges since ETFs were approved (CT)

• Ethereum’s Pectra upgrade is projected to hit mainnet Q1 2025 (@gakonst)

• ARK and 21 Shares are no longer partnering for planned spot ETH ETF (BLOCK)

• Singapore bank DBS says it is not an ETH whale (D)

• Why can ETH not break $4K (CT)

• FTX bankruptcy fees have topped $500M (TB)

• Pudgy Penguins to release mobile game in 2025 (TB)

• Crypto market braces for $875M token unlocks in June (CT)

• Uniswap token takes a hit after protocol upgrade proposal gets delayed (CD)

• Binance founder CZ began his 4 month sentence (CNBC)

• Ripple CEO says XRP, SOL, and ADA ETFs are likely to follow next year (N.B)

• Nearly leaving Coinbase to creating it’s L2, Base: Jesse Pollak’s story (ZORA)

• How developers are paving the way for web3 (M)

• How blockchain will change your understanding of the internet (M)

• How to protect intellectual property in web3 (CT)

• Latin America crypto updates (N.B)

• Embedded payment rails and verifiable digital identities impact on advertising (@AlanaDLevin)

• A beginner’s guide to decentralized finance (DeFi) (n26)

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