This week, we cover:

  • White House proposes a 30% tax on crypto mining operations, aiming to generate up to $3.5 billion in revenue over a decade.
  • Bhutan’s Druk Holding & Investments (DHI) and Jihan Wu’s Bitdeer Technologies plan to jointly raise up to $500 million for a carbon-free crypto mining fund.
  • The Blockchain Association relocates from New York to Washington, D.C., following the ban on certain types of cryptocurrency mining in New York.
  • New evidence supporting the idea that crypto is the target of an Operation Chokepoint 2.0 emerges.
  • Coinbase beats analysts’ estimates in its Q1 earnings report.
  • Coinbase faces two legal complaints, one alleging violation of Illinois’ Biometric Information Privacy Act (BIPA) and the other accusing top executives of making over $1 billion through non-disclosure of negative information.
  • Coinbase launches its international exchange, Coinbase International Exchange, allowing international users to trade perpetual futures.
  • Ex-OpenSea executive, Nate Chastain, was found guilty of money laundering and wire fraud, facing up to 40 years in prison.
  • Former Celsius Network CEO, Alex Mashinsky, files a motion to dismiss New York State’s complaint alleging securities fraud.
  • Crypto exchange Poloniex agrees to pay a $7.5 million fine to settle a civil liability lawsuit concerning apparent sanctions violations.
  • Tron founder Justin Sun reverses a $56 million trueUSD (TUSD) transfer to Binance’s Launchpool after a warning from Binance CEO Changpeng Zhao.
  • Layer-1 blockchain Sui launches its mainnet.
  • NFT marketplace Blur launches a new protocol called Blend to boost liquidity of NFTs.
  • Dubai’s Virtual Assets Regulatory Authority (VARA) issues a written reprimand to Three Arrows Capital founders Su Zhu and Kyle Davies for operating their new digital-asset exchange OPNX without the required local license.
  • Former Coinbase CTO Balaji Srinivasan prematurely settles his bet that Bitcoin would reach $1 million within 90 days, donating $1.5 million to three different organizations.