CoinDesk

According to recent observations, as Web3 asset holders gain more experience and their digital asset portfolios become more sophisticated, there is a noticeable trend for them to transition their digital wealth to self-custody solutions. This shift suggests a growing preference for individuals to take control and manage their own digital assets rather than relying on third-party custodians.

U.S. Senator Elizabeth Warren, a prominent critic of cryptocurrency risks, has cautioned top military and financial officials about Iran's reliance on digital asset mining as a revenue source. This mining activity could potentially undermine the effectiveness of economic sanctions imposed on Iran.

MicroStrategy, a leading business intelligence company, has announced the development of a new application called 'Orange For Outlook'. This application integrates digital signatures into emails, enabling recipients to verify the identity of the sender. By incorporating this feature, MicroStrategy aims to enhance email security and prevent potential email spoofing or phishing attempts.

Private credit has emerged as a significant player in the crypto asset tokenization trend, with over $600 million worth of on-chain assets currently outstanding. This development highlights the growing adoption of blockchain technology in the financial sector, enabling the tokenization and trading of various asset classes on decentralized platforms.

According to reports, an interoperability protocol has announced that there will be a series of upcoming airdrops. No further details have been provided at this time regarding the specifics of these airdrops or the projects involved.

A mining company is evaluating various strategic alternatives, including the potential sale of the entire company or certain assets, as well as other potential transactions. The company has not provided further details at this time regarding the specific options under consideration or the timeline for any decisions.

Ironlight, a new venture led by former executives from major financial institutions, aims to establish itself as a leading ecosystem for tokenizing, listing, and trading real-world assets. The company is helmed by the former global head of trading at Schroeder and an adviser from the Abu Dhabi Investment Authority (ADIA), along with the former CEO of TD Bank serving as an adviser. Ironlight's goal is to facilitate the tokenization and trading of real-world assets, potentially disrupting traditional asset markets.

Mirror, a decentralized publishing platform, and Paragraphs, a competing Web3 publishing company, have announced a merger deal. Under the agreement, Mirror's team will continue operating as an independent entity focused solely on social media publishing within the Web3 ecosystem. The move is seen as a strategic consolidation in the rapidly evolving decentralized publishing space.

According to reports from various news outlets, the lawyer representing Binance, a major cryptocurrency exchange, has requested more time to examine the evidence in an ongoing legal case. The specific details of the case and the nature of the evidence were not disclosed.

This is a daily newsletter from CoinDesk providing analysis and context on the latest price movements and developments in the Bitcoin and cryptocurrency markets for May 2, 2024.