The Index is out!

Meta's Threads, a new text-based platform, gains traction with 30 million sign-ups in 24 hours, prompting accusations of intellectual property theft.

+ We discuss Binance executives resigning, unexplained outflows from Multichain bridges, and the drop in crypto trading volume...

My latest blog tying up the loose ends of the Silk Road saga a decade on. The man behind the murder-for-hire scams has been indicted

https://eileenormsby.com/2023/05/19/tying-up-silk-roads-loose-ends-redandwhite/

HK is opening up digital assets - and digital asset derivatives - to the ordinary investor. HSBC, a banking juggernaut in Hong Kong, has begun offering its customers Bitcoin and Ethereum futures Exchange Traded Funds (ETFs).

https://www.theindex.media/p/hk-hsbc-etf-btc-eth-wtf

Technology can democratize access to information and opportunities, but we know it can also exacerbate power disparities; we are seeing the consolidation of control within a small technocratic elite.

https://www.theindex.media/p/the-technocratic-dilemma-democracy

The U.S. Securities and Exchange Commission has approved a leveraged Bitcoin futures exchange-traded fund (ETF) - to mixed reactions in the crypto and tradfi ecosystems 👀

https://www.theindex.media/p/high-wire-balancing-act-the-sec-on

By kindergarten, Buterin was devouring books meant for children thrice his age.

School, unfortunately, failed to satiate his intellectual appetite, leaving him to seek solace in a world constructed from mathematical problems, programming codes, and economic theories.

Breaking: Coinbase claims victory in landmark Supreme Court ruling! 📈

In a significant ruling, the US Supreme Court reinforced the power of companies to divert customer and employee disputes into arbitration

https://www.theindex.media/p/breaking-coinbase-claims-victory

BitGo Holdings initially intended to acquire 100% of the equity of Prime Core Technologies, the parent company of Prime Trust.

This move was expected to ensure business continuity and long-term stability for Prime Trust’s clients.

Spoiler alert - it hasn’t.

Ripple has received In-Principle Approval for a Major Payments Institution Licence from the Monetary Authority of Singapore (MAS), paving the way for regulated digital payment offerings. To date, MAS has granted fewer than 20 such approvals to crypto firms. 🇸🇬

Fed Chair Jerome Powell hints at a likely but gradual rise in interest rates. Describes the Fed's current strategy as 'wait-and-see', expecting upcoming inflation indicators to offer clearer direction. 👀

BREAKING.

"Gods Unchained," arguably the most popular web3 game, joins the Epic Games Store, marking a major step in bringing blockchain games to mainstream audiences. The move positions the game alongside traditional gaming giants and signals a promising future for web3 gaming.

Zora's commitment to fostering a "culture of creativity and community" is evident in its unique features, which include the ability to highlight trending NFT mints, add comments to mints, and customize user profiles.

Driving these responses to the challenges of DeFi is a community of innovators and visionaries.

These founders and thinkers are pushing the DeFi revolution forward, the individuals working tirelessly behind the scenes to actualize the promise of a decentralized financial future.

Reddit has started suspending the accounts of moderators from subreddits that are still on strike. Never thought I’d see a social media CEO screw the pooch harder than Elon but here we are.

Today in The Index 👀

The endgame? A single global platform for Central Bank Digital Currencies (CBDCs) to facilitate interoperable settlements.

https://www.theindex.media/p/the-imf-sets-its-sights-on-cbdcs