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Tornado Cash crypto mixer developer gets 64 months in prison

A monochrome image of Tornado Cash developer Alexey Persev layered with a Dutch flag
Dutch court convicts Tornado Cash creator for aiding in crypto crimes.

Forkast+ Exclusive perspectives and analysis

Rune Christensen

MakerDAO’s Christensen wants to make DAOs fun again. He’s not alone.

Projects are rethinking how to make DAOs more fun and less disappointing.
Dubai skyline

From Silicon Valley to Sand Dunes: Why Indian crypto firms eye Dubai expansion

Indian crypto companies flock to Dubai, escaping high local taxes and finding solace in the emirate’s favorable regulatory environment.

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Circle

USDC issuer Circle plans US move ahead of IPO

Circle Internet Financial Ltd. is relocating its headquarters to the U.S. in preparation for a potential IPO.
Bitcoin | Bitcoin, Ether rise; Deutsche Bank to provide crypto custody services | Markets, BTC, ETH, SEC, Inflation

Bitcoin rises as inflation eases

Bitcoin’s value climbs after April CPI data suggests a slowdown in inflation, potentially influencing Federal Reserve interest rate decisions.
Coinbase logo on a computer screen with a stack of crypto coins

Coinbase outage hampers Bitcoin trading amid price swings

Crypto exchange Coinbase suffers a major outage, affecting traders during Bitcoin volatility.
A PEPE-themed samurai cartoon cutting a cartoon bear with a candlestick sword

PEPE hits record high as Gamestop meme trading returns

The value of PEPE cryptocurrency soars as Roaring Kitty returns to put GME back on the meme trading map.
Bitcoin | Bitcoin, Ether tread water; U.S. equities slide with mega-cap tech giants leading the declines | Markets, BTC, ETH, Binance, Price

Bitcoin Runes etching revenue plummets for miners

Runes etching on Bitcoin network drops drastically, affecting miners’ income.
Gamers stand to win NFTs

DMarket tops NFT charts but loses three-day streak above US$900,000

DMarket tops daily NFT sales despite recording less sales than the previous day.
Sydney

OKX launches crypto trading in Australia

Global crypto exchange OKX begins offering trading services in Australia, including spot and derivatives.
CryptoPunks

CryptoPunks leads daily NFT sales with over US$1.39 million

CryptoPunks tops daily NFT sales, Ethereum blockchain sees significant activity, and DMarket maintains strong buyer engagement.
Bitcoin | Bitcoin, Ether flat; MicroStrategy adds to Bitcoin holdings | Markets, BTC, ETH, Price, MicroStrategy

NodeMonkes leads NFT sales with US$876K in a day, CryptoPunks drops off top 10

NodeMonkes snatches the top spot from CryptoPunks, ending a two-day streak of leading the market.
CryptoPunks

CryptoPunks leads NFT sales for the second straight day

The iconic CryptoPunks collection tops daily NFT sales, but this isn’t enough to keep Ethereum above Bitcoin.
Chainalysis v3

Chainalysis sets up Dubai HQ, bolsters UAE’s crypto ambitions

Blockchain analytics firm Chainalysis has launched its regional headquarters in Dubai, advancing the UAE’s goal to be a top cryptocurrency hub.
FTX logo

FTX outlines plan to repay creditors in full with interest

FTX Trading Ltd. proposes a strategy to settle over US$14 billion in debts, aiming to fully compensate creditors.
Ethereum

CryptoPunks, BAYC lead NFT daily sales, put Ethereum on top

CryptoPunks collection outperformed other NFTs in daily sales, as Ethereum led all blockchains.
Zynga's free Sugartown Oras NFTs spotlight the power of mystery in the digital asset realm as prices surge on speculation.

DMarket opens week as top NFT in daily sales

DMarket tops daily NFT sales with over US$842,000.
Binance

Binance CEO calls for release of executives detained in Nigeria

Binance CEO demands freedom for compliance officer held on illegal transaction charges in Nigeria.
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Apple boss Tim Cook says he owns cryptocurrency

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An unmissable weekly round up of the biggest stories in emerging tech from an Asian perspective, featuring commentary from Forkast Editor-in-Chief Angie Lau. Check out recent editions.