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

Tencent Cloud’s deepfake creation service can analyze and train itself on three-minute videos and 100 voice clips to produce a convincing deepfake video within 24 hours. Source: https://cointelegraph.com/news/tencent-cloud-to-reportedly-offer-deepfake-creation-tool-at-145

Internal reviews of the supervision of Silicon Valley Bank and Signature Bank have been released, showing weaknesses on the part of the banks’ regulators as well as management. Source: …

It’s unclear what the Bureau was searching for in the home of the former co-CEO of FTX Digital Markets, who worked closely with Sam Bankman-Fried. Source: https://cointelegraph.com/news/former-ftx-exec-ryan-salame-s-home-searched-by-fbi-report