Daily recap — May 7

Lead stories

The Russian State Duma committee has approved in the first reading a bill introducing criminal liability for illegal mining.

JPMorgan Chase and Mastercard completed the first cross-border transfer of tokenized U.S. government bonds through the XRP Ledger network.

TrustedVolumes was hacked for $5,900,000.

BNY Mellon, one of the world’s largest custodian banks, is entering Abu Dhabi with crypto custody services.

Aave manually liquidated the rsETH positions of the KelpDAO hacker.

Bullish sentiment around Bitcoin has reached its highest level in 4 months — according to Santiment, social media now sees 1.37 bullish comments for every bearish one.

Core Scientific sold $208,000,000 worth of Bitcoin in Q1, continuing its transition from mining toward AI infrastructure.

Amid BTC’s growth, capital is once again actively flowing into centralized exchanges — the combined net inflow across major CEXs exceeded $2 billion.

Vitalik Buterin proposed creating separate “layers” for different types of data on Ethereum so the network does not store everything in one massive shared structure.

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