Legal
DAOs
TronDAO to initiate a 3 billion withdrawal to guard TRX’s value
The DAO explained that the withdrawal will help "safeguard the overall blockchain industy and crypto market."
Adoption
CAR’s president remains unfazed by the crypto market downturn
The president of Central African Republic hints at his continued support for bitcoin in a tweet despite the negative state of the crypto market.
Banking
Tether claps back at rumors surrounding its commercial paper portfolio
Tether stated that commercial papers constitute less than 25% of USDT’s backing, adding that it does not have lending exposures to Celsius and Three Arrows Capital.
Crime
CipherTrace report shows a decline in illicit activity in the crypto ecosystem
CipherTrace reported that crypto crimes has reduced and the crypto ecosystem has grown exponentially in recent years.
Partnerships
Binance partners with Splyt to offer users ride-hailing services on its platform
The partnership will give users access to ride-hailing services and a chance to pay for the services in cryptocurrency.
Stablecoins
Fears of another Terra-UST implosion simmer as Tron’s USDD stablecoin loses dollar peg
Tron's USDD stablecoin loses dollar peg amid extreme downturn in the crypto market. Fears looms as to its possible crash
Exchanges
Binance announces withdrawal of support for anonymous Litecoin transactions
Binance withdraws support for Litecoin transactions where the sender's address and transaction details can't be verified. They warn that it could result in loss of funds.
Partnerships
Resorts World Las Vegas, Theta Labs partner on composite NFTs offering luxury experiences
Resorts World Las Vegas and Theta Labs' partnership will see them release two packages of composite NFTs that will offer luxury experiences.