U.S. spot bitcoin exchange-traded funds returned to net inflows totaling $116.8 million last week following four consecutive weeks of outflows.The shift was mirrored by global crypto investment products attracting $130 million in net inflows — including the U.S. spot bitcoin ETFs.

Synthetix founder Kain Warwick rolled out Infinex.Infinex abstracts barriers like wallet setup, asset bridging and gas feesInfinex aims to reduce the common barriers associated with decentralized finance.

Analysts at Bernstein suggested that bitcoin’s “flattish” price action can be good for miners — when economics are driven by competitive hash-rate wars.The analysts said they don’t anticipate any significant drawdown here and expect the bitcoin price to remain range-bound before breaking out to the upside.

Bitcoin posted an uptick on Monday morning as traders await two U.S. inflation prints this week.The inflation data could assist in determining whether and when the Federal Reserve might decrease borrowing costs in 2024.

A stack of 1,000 BTC — currently worth $62.8 million — was suddenly moved yesterday after more than 10 years of dormancy.The transfers were made via two wallet addresses, moving 500 BTC each in close proximity.

Layer 3 Degen Chain is experiencing operational downtime.The network stopped at block #15524774 and has not produced a block for over 11 hours.

Metaplanet, a publicly listed investment firm, announced today that it has adopted bitcoin as its strategic reserve asset.Japan has been facing fiscal challenges, which led the yen to fall to a 34-year-low last month.

Chinese police arrested six suspects allegedly involved in using cryptocurrency to facilitate illegal foreign exchange operations between the Chinese yuan and the South Korean won.The transactions involved amounted to 2.14 billion yuan ($295.8 million), the police said.

Luca Netz, CEO of Pudgy Penguins, announced that over one million Pudgy Penguin plush toys have been sold in a video touting recent retail partnerships, including Hot Topic, Target, and speciality retailers across the globe. 

The Runes protocol, which launched on Bitcoin three weeks ago following its halving event, generated $135 million in fees over its first week, but activity has since fallen dramatically. May 10th was the lowest activity day on Runes by several measures, including new mints and new wallets, blockchain data show, in an early test for the new protocol. 

The U.S. Third Circuit Court of Appeals has ruled against Coinbase’s in the agency’s bid to force the SEC to write a new regulatory system for crypto “from the ground up,” instead finding that current regulations are sufficient and not “unworkable,” as Coinbase claims. “They simply rehash the fallacy that registration as is is ‘workable,’” Coinbase’s top lawyer said. 

Blockchain data shows that the victim of a $71 million address poisoning attack last week has recovered nearly all available funds when accounting for the changes in crypto prices. Blockchain cybersecurity firm Match Systems and the Cryptex exchange participated in the recovery negotiations, according to a press release. 

ArkInvest/21 Shares included a staking component in a previous filing, but that appeared to have been removed in an amended filing posted on Friday. 

For billionaire Mark Cuban, how cryptocurrency has been regulated will impact voters in the 2024 presidential election. Cuban also noted that “crypto is a mainstay with younger and independent voters.”

Last month, Coinbase filed a so-called interlocutory appeal following a judge’s decision to allow a lawsuit involving the SEC and the platform to proceed without being dismissed.The SEC argued on Friday that a court should not allow Coinbase to appeal.