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A bankruptcy court has granted approval for Genesis Global, a bankrupt cryptocurrency lender, to distribute approximately $3 billion in cash and cryptocurrency to its creditors.

Despite widespread skepticism from crypto analysts and the larger crypto community regarding the approval of spot Ether exchange-traded funds (ETF) by the United States Securities and Exchange Commission (SEC), some analysts are suggesting that there might be room for a surprise.

In April, investments in blockchain gaming reached an impressive $988 million, marking the highest figure since January 2021. Additionally, the number of Daily Unique Active Wallets (DUAW) surged to a record 2.9 million for blockchain gaming in April alone.

In the past 24 hours, Bitcoin has continued its recent upward trend, reaching its highest price in over a month at just over $67,400. Ethereum has also joined the rally, breaking through the significant resistance level of $3,000 and surging above $3,100.

Param Labs, a gaming infrastructure developer based in the UAE, has secured a significant investment of $7 million to bolster the development of their Web3 gaming ecosystem.

An Australian man has admitted to participating in promoting cryptocurrency lending services for the now-defunct crypto exchange BitConnect, which gained notoriety as an alleged Ponzi scheme and ceased operations in 2018 amid accusations of defrauding victims of over $2.4 billion.

In a Brooklyn federal court session on Thursday, Thomas John Sfraga, who is known by his crypto alias "TJ Stone," entered a plea of guilty to wire fraud charges. Sfraga admitted to defrauding over a dozen victims, amassing a total of more than $1.3 million through his illicit activities.

Since 2023, the cryptocurrency industry has broken records by donating a staggering $94 million to political causes in a bid to support governance favorable to crypto.

The memecoin sector has experienced remarkable growth, outpacing other areas in the cryptocurrency market. Recent data from Artemis indicates a staggering 114% year-to-date increase.

The memecoin market, fueled by social media buzz and celebrity endorsements, continues to be a vibrant (and sometimes volatile) space.

Token 2049 Singapore boasts a stellar reputation for attracting the biggest names in the crypto and blockchain space. From industry veterans and leading VCs to innovative project founders and tech pioneers, the event offers a unique opportunity to connect with the minds shaping the future of Web3.

The vibrant city of Marrakech, Morocco, gears up to host the second edition of GITEX Africa, the continent's leading technology and startup event. Taking place from May 29th to 31st, 2024, GITEX Africa 2024 promises to be a landmark event, showcasing cutting-edge innovations and fostering critical dialogue on Africa's digital transformation journey.