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Key points:Bitcoin exchange 100-day average netflows are at their most negative since the start of the current bull market in 2023.Exchange balances continue to plumb new multiyear lows.Whales are particularly active buyers this month, while retail shows classic “panic selling.”Bitcoin (BTC) exchanges are evoking the end of the 2022 crypto bear market as user inflows dry up this year.Data from onchain analytics platform CryptoQuant reveals exchanges’ average net flows hitting two-year records.Bitcoin analysis eyes “reaccumulation of assets”Bitcoin may be trading significantly higher than at the start of 2023, but demand for BTC among exchange users is reminiscent of the start…

FNT Crypto is a crypto-as-a-service platform that helps fintechs and Web3 startups launch modular, white-label crypto apps with wallets, exchanges, compliance tools and branded interfaces.Cryptocurrencies are traded around the clock, stored in millions of wallets, and discussed in policy circles. Yet, using crypto in everyday life remains surprisingly challenging.Much of this disconnect stems from infrastructure. The tools that support crypto adoption — such as wallets, exchanges, cards and compliance systems — are often too technical for the average user or too fragmented for businesses. Moreover, many traditional banks lack the means to verify crypto transactions or protect customers from illicit…

Shaquille O’Neal has settled with investors who claim losses from the collapse of cryptocurrency exchange FTX, according to an April 23 filing in the US District Court for the Southern District of Florida.The settlement amount remains confidential, with terms expected to be disclosed after investors formally request preliminary court approval, according to court documents.O’Neal and other celebrities and athletes were accused of promoting FTX and allegedly contributing to investor losses by endorsing the now-bankrupt exchange.Source: Court ListenerThe case is part of a broader multidistrict litigation effort, where investors are seeking up to $21 billion in damages from FTX insiders, advisers…

Awin and its clients enjoyed a night of success yesterday evening at the Global Performance Marketing Awards in London. The team beat off some fierce competition at the annual ceremony and took home a record haul of 5 awards across a variety of categories, markets and sectors.    The full list of award wins on the night was as follows:  Best Use of Social Commerce – Nike   Best Affiliate & Partnership Strategy (LATAM) – Stanley   Best Performance PR Campaign – Tomahawk Shades + Today’s Business  Best Affiliate & Partnership Strategy (Europe) – SharkNinja + Perfmaker   And our very own Lee Metters…

Adobe on Thursday launched the latest iteration of its Firefly family of image generation AI models, a model for generating vectors, and a redesigned web app that houses all its AI models, plus some from its competitors. There’s also a mobile app for Firefly in the works. The new Firefly Image Model 4, Adobe says, improves on its predecessors in terms of quality, speed, and the amount of control over the structure and style of outputs, camera angles, and zoom. It can generate images in resolutions up to 2K. There’s also a tweaked, more capable version of this model called…

For years, websites included information about what kind of crawlers were not allowed on their site with a robots.txt file. Adobe, which wants to create a similar standard for images, has added a tool to content credentials with an intention to give them a bit more control over what is used to train AI models. Convincing AI companies to actually adhere to Adobe’s standard may be the primary challenge, especially considering AI crawlers are already known to ignore requests in the robots.txt file. Content credentials are information in a media file’s metadata used to identify authenticity and ownership. It’s a…

Decentralized exchange (DEX) KiloEx said it will compensate traders and stakers hurt by a $7.5 million exploit that temporarily shut down the platform earlier in April.In an April 24 announcement, KiloEx said traders who had positions open while the platform was suspended would get full compensation if their losses increased or profits decreased. The platform said it would pay the difference. KiloEx urged traders to close their positions immediately once the platform resumes operations, as delaying could affect their profit and losses, which may then impact the compensation amount. “Please close your position as soon as possible after the platform resumes.…

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CNN  —  About six months after he was elected head of the Catholic Church, Pope Francis made a surprising admission. A Jesuit priest was interviewing Francis when he departed from a pre-approved list of questions and asked Francis, referring to him by his birth name, “Who is Jorge Mario Bergoglio?” Francis stared at the fellow Jesuit in silence before answering. “I am a sinner,” Francis said in the 2013 interview. “This is the most accurate definition. It is not a figure of speech, a literary genre. I am a sinner.” When Francis DeBernardo, executive director of New Ways Ministry, a…