Analysis
CBDCs
South Korean central bank to launch CBDC pilot in 2024
Participants in the pilot program will be able to purchase goods using CBDC deposit tokens issued by commercial banks.
Adoption
UK approves tokenization of FCA-authorized investment funds
The UK intends to adopt tokenization in phases, with the initial stage allowing FCA authorized funds to implement the technology to improve efficiency, transparency, and competitiveness.
Exchanges
Crypto exchange HTX to resume services a day after suffering $13.6M hack
HTX vows full compensation for users, resumes operations after $13.6M security breach.
Legal
US DOJ files motion to block CZ’s return to UAE over flight risk concerns
The DOJ believes that CZ should be forced to stay in the U.S. stating he may not come back for sentencing if allowed to leave.
Partnerships
BBVA Switzerland selects Ripple-owned Metaco to power digital asset operations
BBVA Switzerland is the latest in a string of prestigious banks that have entered deals with Metaco in recent months.
Legal
Ripple CLO optimistic following Binance settlement, lambasts SEC’s ‘juvenile behavior’
Alderoty highlighted that there was no mention of "crypto securities" or the SEC in the lawsuit filed by the Department of Justice (DOJ) against Binance.
Mining
Celsius debtors to restructure defunct lender into Bitcoin miner instead of asset transfer
Celsius customers will own the new entity, which will be called Mining NewCo.
Legal
Binance faces historic penalty as DOJ settlement talks suggest over $4 billion
According to the report, the negotiation also raises the possibility of criminal charges against Binance founder Changpeng 'CZ' Zhao
Hacks
Poloniex confirms hackers identity, offers $10M white hat reward to return stolen funds
Justin Sun sent blockchain messages on the Ethereum network to the hacker's addresses and warned them to return the stolen funds for a reward or face legal action in multiple countries.
ETF
BitGo CEO expects further complications before a Bitcoin ETF can hit market
Belshe's optimism regarding the potential approval of a spot Bitcoin ETF was accompanied by a dose of realism, indicating that the path to approval might encounter additional hurdles.
Investments
Jump Trading spins off Wormhole amid strategic cutbacks, legal challenges
In the wake of a massive 2022 DeFi hack, Wormhole is separating from Jump Trading with key executives at the helm.
Politics
U.S. presidential hopeful Ramaswamy promises to rescind crypto regulations, reduce SEC powers if elected
Vivek Ramaswamy's 'Three Freedoms of Crypto' calls for slashing SEC staff by 75% and protecting coder rights.