Coinbase CEO Brian Armstrong called the quarter a “turning point” for the company as it worked towards a more “financially disciplined” firm. Source: https://cointelegraph.com/news/coinbase-share-price-spikes-7-9-as-q1-results-beat-expectations

Security researchers at Meta said “bad actors” have flocked to generative AI because it’s the latest tech to capture “people’s imagination and excitement.” Source: https://cointelegraph.com/news/chatgpt-and-ai-the-newest-vector-for-malware-meta-security-team

A whopping 35.8% of the world’s largest crypto projects haven’t uploaded a single blog post in 2023. Source: https://cointelegraph.com/news/36-of-the-top-1-000-crypto-projects-went-silent-on-blogging-this-year

The IMF’s Kristalina Georgieva said wholesale CBDCs, on the other hand, have “fairly little space for undesirable surprises.” Source: https://cointelegraph.com/news/retail-cbdcs-bring-unknown-consequences-to-financial-system-imf-director

The former Coinbase exec settled the high profile wager 45 days ahead of time but remains convinced that a “fiat crisis” is inevitable. Source: https://cointelegraph.com/news/balaji-pays-out-his-crazy-1m-bitcoin-bet-97-under-price-target

The investment bank downgraded Coinbase stock to “Neutral” amid the exchange’s ongoing battle with U.S. regulators. Source: https://cointelegraph.com/news/coinbase-stock-will-be-weighed-down-until-us-rules-are-clear-citi

The one-time income tax benefit helped the firm reach a profit of $94 million in the first quarter of 2023. Source: https://cointelegraph.com/news/microstrategy-s-bitcoin-conviction-strong-as-it-returns-to-profit-in-q1-ceo

Ordinals have been a controversial topic within the Bitcoin community but crypto investment firm Grayscale says there’s two main reasons to be optimistic. Source: https://cointelegraph.com/news/2-reasons-why-bitcoin-ordinals-are-positive-for-the-btc-grayscale

Genesis is starting a 30-day meditation with its key creditors as its bankruptcy proceedings are close to hitting the four-month mark. Source: https://cointelegraph.com/news/gemini-supportive-of-genesis-mediation-but-frustrated-over-pacing

Cross River is yet to admit nor deny the allegations that it “engaged in the unsafe or unsound banking practices” related to its lending activity in 2021. Source: https://cointelegraph.com/news/fdic-alleges-cross-river-engaged-in-unsafe-lending-practices