Solving Lightning’s ‘Inbound Liquidity’ Problem Is Focus of New Layer 2 Bitcoin Protocol, Ark

The new protocol’s 24-year-old creator says Lightning’s inbound liquidity requirement - requiring users to commit funds to the protocol even when they're just receiving payments – “doesn’t make any sense.”

• 2023-06-02
• Lightning Network Bitcoin Cash Ark

U.S. Adds 339K Jobs in May, Blowing Through Estimates for 195K; Bitcoin Steady at $27K

Continued strong gains in monthly employment figures have added to the Fed's case for rate hikes.

• 2023-06-02
• Bureau of Labor Statistics BLS Federal Open Market Committee

Elon Musk accused of insider trading (again) to rake in $124 million from Dogecoin sales by temporarily changing Twitter logo to a Shiba Inu

The latest amendment to a June 2022 lawsuit alleges two wallets controlled by Musk sold 1.4 billion Dogecoin when he used his social network to deliberately pump the price.

• 2023-06-02
• Elon Musk Twitter Dogecoin price

Crypto insurer Evertas authorized to offer largest single crypto insurance policy

London-based Arch Insurance International has authorized cryptocurrency insurer Evertas to increase the coverage limit for a single policy to $420 million for custodians or exchanges in what the U.S firm said is the highest in the industry. Currently only 2-3% of global cryptoassets are believed to be insured, Evertas said. "This is the single largest policy that can be approved from one insurance company," Evertas chief executive officer J. Gdanski told Reuters.

• 2023-06-02
• insurance company Arch Insurance International London insurer

Crypto Investors Lost $54M to Rugpulls, Scams in May: Blockchain Security Firm De.Fi

May saw fewer exploits than April, suggesting better security practices among crypto users and developers.

• 2023-06-02
• smart contract

First Mover Americas: Bitcoin Bounces Back to $27K Ahead of Jobs Report

The latest price moves in bitcoin (BTC) and crypto markets in context for June 2, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

• 2023-06-02
• jobs report Derivatives Exchange market capitalization

Cathedra Bitcoin to Deploy Crypto Miners at 360 Mining's Texas Site

Cathedra will pay $55 per megawatt hour of power used plus 10% of gross bitcoin mined at the site.

• 2023-06-02
• Cathedra bitcoin miners

Solana’s NFT sales dive as Bitcoin Ordinals surge

A significant drop in Solana’s monthly NFT sales coincides with a boom in Bitcoin NFTs. Experts believe Bitcoin could soon challenge Ethereum’s dominance in the market.

• 2023-06-02
• NFT Bitcoin

Bitcoin Miners Are Probably Selling Their Output at the $28K Level: Matrixport

Miners are being forced to liquidate any new bitcoin mined as margins have narrowed in recent weeks, the report said.

• 2023-06-02
• bitcoin miners Matrixport bitcoin miner

Dogecoin Investors’ Class Action Lawsuit Now Accuses Elon Musk of Insider Trading

The amended lawsuit now alleges Elon Musk has engaged in market manipulation and securities fraud related to Dogecoin.

• 2023-06-02
• Elon Musk Dogecoin DOGE