According to official data, within the 7 days ending on May 16th, Circle issued 1.8 billion USDC, redeemed 1.6 billion USDC, and the circulation increased by 200 million. The total circulation of USDC is 33.2 billion US dollars, and the reserve is 33.4 billion US dollars, of which 3.8 billion US dollars are in cash, and Circle Reserve Fund holds 29.6 billion US dollars.

Phoenix Group, a listed mining company and blockchain technology provider for Bitcoin, released its Q1 financial report, with the following main points:

The symbiotic relationship between AI and crypto is still in its nascent stages, according to tech execs.

As of May, AntPool and Foundry USA controlled more than 50% of Bitcoin's hash rate. That could become a problem for Bitcoin users in the near future.

Bybit CEO apologises for Notcoin listing woes, Hong Kong crypto ETFs dissapoint, China firm's profits surge 1100% after crypto buy

Progress has been made in streamlining the Web3 onboarding process, but the flood of mainstream users has not yet arrived.

CoreDAO announced in a post on X platform that the Core Foundation has launched a $5 million innovation fund. The fund is currently mainly targeting the Indian market and has established strategic partnerships with the Indian Institute of Technology Bombay and some top venture capital companies to support the development of innovative blockchain projects in the country. At present, the fund has opened project funding applications.

In a highly technical overview of an exploit that has since been patched, government prosecutors find that exploiting code is a crime. CoinDesk reached out to several experts in the Ethereum community to get their views on the case.

From the bear market until now Bitcoin has seen its dominance go from 38% all the way to now 53% pretty much in a straight line.

Everybody gets a stake.