Analysis
Crypto
Bitcoin falls back to $59k after bulls fail to sustain momentum
The broader US stock market mirrored the crypto market's movements, with the tech-heavy Nasdaq reversing the gains recorded earlier in the day.
Culture
Oasys partners with Japanese TradFi giant SBI Holdings to push blockchain gaming
Oasys and SBI Holdings aim to expand blockchain technology use cases in Asia's booming gaming industry.
Legal
NFL Players Association sues DraftKings for $65M over Reignmakers NFT dispute
The lawsuit alleges that DraftKings breached its licensing agreement with the NFLPA by terminating payments owed under the contract.
Regulation
Democrat lawmaker blasts SEC’s ‘blatant abuse of power’ over crypto enforcement
Congressman Wiley Nickel emphasized that collaborative and transparent regulation is key to protecting consumers without hindering innovation.
Adoption
Japanese Prime Minister reaffirms strong support for Web3 industry
Japan's recent regulatory reforms aim to create a fertile environment for Web3 and blockchain innovation.
Crypto
Telegram community condemns Pavel Durov’s arrest in open letter, calls it violation of human rights
The #FreeDurov community's letter called Durov's arrest a direct attack on freedom of expression and privacy principles.
Crypto
Bitcoin crashes over 6% to $58k before attempting recovery
The majority of the losses were recorded in less than an hour after Bitcoin lost the key $61,000 support level.
Exchanges
WazirX CEO advises withdrawals amid ownership dispute and hack aftermath
Nischal Shetty advises users to withdraw INR amid ownership dispute and recent $235 million hack.
Exchanges
US government disputes ex-FTX exec Ryan Salame’s bid to undo guilty plea
Salame's defense argued that during his plea negotiations, prosecutors implied they would not continue investigating Bond, his partner, for her role in the same activities.
Legal
French prosecutors charge Telegram CEO Pavel Durov with complicity in child exploitation, drug trafficking
Telegram has officially denied the charges against the Telegram founder Pavel Durov and the platform.
Technology
Vitalik Buterin praises Polymarket as platform smashes growth records
Despite the praise and growth, many have criticized the platform for treading too close to traditional gambling.
Legal
Blockchain industry pushes back against SEC’s sweeping audit trail regulations
The brief argues that the CAT poses unique privacy and security related risks for digital asset transactions.