Analysis
Regulation
Animoca doubles down on non-US market push after America’s ‘blockchain-hostile’ approach
Siu said the firm's strategy has been to primarily focus on non-U.S. markets due to the "blockchain-hostile" approach of regulators in the country.
Exchanges
SEC filings reveal testimony of former Binance.US CEOs
The filings contain portions of the testimony given by Catherine Coley and Brian Brooks about their experience in leading Binance.US and the main hurdles they faced in the job.
Regulation
Janet Yellen claims crypto industry needs ‘additional regulation’ to plug ‘holes’
Yellen said the U.S. regulatory system is more than equipped to handle the "inherent" risks of crypto but there are "holes in the system" that need to be plugged.
Crime
Do Kwon out on bail under house arrest after successful appeal
The next hearing in Do Kwon's case is slated for June 16 and authorities have been instructed to double check the veracity of his documents.
Adoption
JP Morgan eyes blockchain-tech to improve interbank dollar settlement in India
The blockchain-based settlement system will be launched in partnership with six of the largest banks in the country.
Adoption
Taurus links up with Polygon to tokenize real-world assets for TradFi
The integration will allow the Swiss firm to help traditional financial institutions tokenize any real-world asset and manage it in a fully automated process.
Legal
NFL players union unable to collect $41.8M in NFT-related revenue
Sources familiar with the dealings said the missing revenue is linked to the NFTs launched in collaboration with the NFL throughout 2021 and 2022.
Legal
US court says IRS has legal authority to access Coinbase users’ trading data
The court stated trading records at Coinbase are akin to financial records at a bank and cannot be protected under constitutional rights.
Exchanges
Bybit becomes latest crypto exchange to exit Canada
Bybit said Canadian nationals and residents of the country would no longer be able to open new accounts with the exchange starting May 31.
DeFi
Jimbos Protocol reaches out to on-chain investigators for help after $7.5M hack
Jimbos Protocol's native token crashed by approximately 40% to $0.19 from $0.31 after news of the hack broke.
Featured
PSYOP creator Ben.eth vows to refund victims after Steve Aoki hack leads to $170k in losses
Ben.eth unwittingly quote tweeted the post containing the phishing link thinking it was from the real Steve Aoki.
Crime
Morgan DF Fintoch goes radio silent after rugging $31.6M
Morgan DF Fintoch's $31.6 million exit scam exposes fake CEO, false claims, and triggers a warning from Singapore's watchdog.