What happened in Crypto in the last 12h:

- $BTC Touches 93.6K

- FTX Begins Repaying to Customers

- BNY Mellon Holds $13M $BTC ETFs

- SEC Acknowledges Bitwise Spot $XRP ETF Filing

- MSTR Announces Proposed $2B Private Offering

- Tether Co-Founder Launches Rival Stablecoin

- $CRV Founder is Developing New Product

- Grayscale Launches $PYTH Trust

- New 1B $USDT Minted

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• $BTC - Bitcoin took a big dip, touching 93.6K, but recovered to return to 95.6K. Bitcoin dominance is rebounding with relative altcoin weakness.

• FTX has begun repaying funds to customers with account balances of $50K or less. FTX also announced that repayments to customers over $50K will begin on May 30th.

• $BTC - Bank of New York Mellon held over $13M in $BTC ETFs at the end of the fourth quarter, including 115,108 shares of WisdomTree's BTCW ($11.87 M) and 25,309 shares of BlackRock's IBIT ($1.4M).

• $XRP - The SEC has acknowledged Bitwise's filing for a spot $XRP ETF.

• Michael Saylor announced that Strategy is announcing a proposed private offering of $2 billion of convertible Senior Notes. Strategy plans to use the proceeds from the offering for purposes including the acquisition of Bitcoin.

• Pi Protocol - Tether co-founder Collins is reportedly heading up Pi Protocol, which will use smart contracts to allow parties to mint the USP stablecoin in exchange for the yield-bearing USI token.

• Yield Basis - Curve Finance founder Michael Igorov is working on a new project, Yield Base, which aims to address impermanent losses. Yield Basis has raised $5M at a $50M token valuation, Egorov confirmed.

• $PYTH - Grayscale has introduced new crypto funds for $PYTH, accessible to accredited investors.

• $USDT - 1B $USDT were newly minted at the Tether Treasury.