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Coinbase screws up, Florida bans CBDCs, and Ordinals face controversy: Hodler’s Digest, May 7-13

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Calls for a boycott of Coinbase over memecoin controversy, Florida’s ban on CBDCs, and the effects of Bitcoin Ordinals on the BTC network.

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Coin Market

Surprise nonfarm payrolls print sends Bitcoin back below 80K

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The US economy added far more jobs than expected in August, pressuring Bitcoin lower as traders repriced the odds of a Federal Reserve rate cut this month.

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Coin Market

Pineapple Financial puts $1B in mortgage records on Injective

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The mortgage lender plans to bring more than $10 billion in historical loans onchain, turning thousands of mortgage files into blockchain-based records.

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Coin Market

FinCEN ties $13B in crypto scams to non-US operations

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The agency reported that “transnational criminal organizations” based in compounds in Southeast Asia were largely behind digital asset scams targeting US residents.

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