The assets include a loan portfolio, mining rigs and infrastrsucture and cryptocurrency worth as much as $2 billion. Source: https://www.coindesk.com/policy/2023/05/17/fahrenheit-consortium-is-lead-bidder-in-bankruptcy-auction-for-celsius-assets/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

A U.S. debt default would be bad for absolutely everything. Source: https://www.coindesk.com/consensus-magazine/2023/05/17/what-does-the-debt-limit-showdown-mean-for-bitcoin/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Crypto investors are attempting to capitalize on the latest wave of meme coin mania by tracking the movements of early pepecoin (PEPE) buyers. Source: https://www.coindesk.com/business/2023/05/17/investors-track-pepecoin-whales-to-cash-in-on-meme-coin-mania-as-wider-market-stagnates/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The pre-seed funding extension was led by Superscrypt, and Polygon was a prior investor. Source: https://www.coindesk.com/web3/2023/05/17/airstack-raises-over-7m-for-ai-backed-web3-developer-platform/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The latest price moves in bitcoin (BTC) and crypto markets in context for May 17, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the …

LMAX Digital and Zodia Custody are to provide institutional-grade trading infrastructure and custody to CoinShares. Source: https://www.coindesk.com/business/2023/05/17/stanchart-backed-zodia-and-lmax-digital-to-provide-coinshares-with-crypto-trading-infrastructure/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

NFT collections, targeted in new published guidelines, have been gaining popularity in China since the country prohibited the trading of cryptocurrencies. Source: https://www.coindesk.com/policy/2023/05/17/chinas-top-prosecution-agency-says-although-not-banned-nfts-have-crypto-like-attributes/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

100-odd companies could be registered in France as the just-agreed MiCA EU crypto legislation beds in, Financial Markets Authority officials said Source: https://www.coindesk.com/policy/2023/05/17/fleeing-us-crypto-firms-welcome-french-regulator-says/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Source: https://www.coindesk.com/markets/2023/05/17/first-mover-asia-cryptos-rotating-profits/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The Global Financial Markets Association called for regulators to be more open to the tech underpinning cryptocurrency Source: https://www.coindesk.com/policy/2023/05/16/embargo-dlt-powered-financial-markets-could-save-100b-per-year-tradfi-study-says/?utm_medium=referral&utm_source=rss&utm_campaign=headlines