- Blockworks, a crypto media company, has completed a $12 million funding round with a valuation of $135 million, with 10T Holdings leading the investment.
- The company behind the NFT project Pudgy Penguins has raised $9 million in funding, with 1kx leading the investment.
- PayPal’s cryptocurrency holdings in the first quarter of 2023 surged to nearly $1 billion, a 56% increase.
- Former Coinbase product manager Ishan Wahi has been sentenced to two years in prison on charges of insider trading.
- Grayscale has formed the Grayscale Funds Trust and submitted ETF applications related to Ethereum and Bitcoin.
- Ernst & Young has announced that QuadrigaCX, which has been bankrupt, will begin temporary allocations for some of its users.
- DCG has issued a statement on Genesis mediation, stating that all parties have signed a 30-day mediation period and are discussing development with capital providers.
- Galaxy Digital has reported a net income of $134 million for the first quarter.
- Cipher Mining has purchased 11,000 A1346 mining machines from Canaan.
- Meta has stated that by 2035, the metaverse could bring in $36 trillion in global GDP each year.
- British media giant BBC has submitted trademark applications related to NFTs for “Doctor Who”.