Global

According to Glassnode's recent newsletter "The Week On-Chain" dated May 7, Ethereum's Ether (ETH) has demonstrated comparatively weaker performance in this market cycle when compared to Bitcoin (BTC), which is currently priced at $62,988.

Arch Labs has secured a $7 million investment to develop a Bitcoin-native application platform.

At the time of reporting, Bitcoin's value stands at $61,512, experiencing a 1.4% decrease over the past 24 hours. Despite this decline, Bitcoin continues to attract significant attention from analysts and investors.

FTX has revealed a fresh repayment proposal as part of its ongoing bankruptcy proceedings, aiming to fully settle debts owed to creditors.

Harvest Global Investments, the firm behind the introduction of Hong Kong's first Bitcoin and Ethereum ETFs, is planning to extend these investment vehicles to mainland Chinese investors through the Hong Kong Stock Connect.

Canada's financial regulator, FINTRAC, has fined Binance, the world's largest cryptocurrency exchange, a hefty sum of 6 million Canadian dollars, approximately $4.4 million USD.