Crypto
Legal
Custodia recruits distinguished solicitors in Federal Reserve case
The two solicitors formerly held government positions in the US and Virginia.
Legal
DOJ charges three Cred execs over $783 million in customer fund losses
Charges include conspiracy, wire fraud, and money laundering.
Regulation
SEC under Trump would ‘vigorously pursue’ crypto regulation – former regulator says
The agency could continue to define its jurisdiction over crypto.
Investments
Crypto firms raised $2.5 billion in Q1, representing 29% quarterly increase
Galaxy called the increase modest in light of recent market recovery.
Crypto
Saylor predicts SEC will designate Ethereum as a security and deny spot ETF applications this summer
Both matters have implications for companies working with ETH.
Mining
Mining firm Stronghold considering sale of company in latest financial report
The firm has a lower valuation than its peers despite increased earnings.
ETF
BNP Paribas disclosure IBIT purchase as BlackRock anticipates sovereign, pension funds to start buying Bitcoin ETFs
Meanwhile, BlackRock's top executive said the firm is seeing a resurgence in interest from sovereign wealth funds.
Hacks
Pike Finance admits to error following $1.7 million exploit, denies fault of USDC
The DeFi protocol backtracked earlier statements connecting the exploit of its platform to a USDC vulnerability.
Regulation
DOJ launches probe into Block’s compliance history following allegations of lapses
Federal prosecutors launched the probe after a former employee disclosed numerous lapses in the company's transaction monitoring systems.
Regulation
UK sharpens focus on crypto regulation in latest anti-money laundering report
The FCA dedicated a third of its AML/CTF taskforce to crypto from 2022 to 2023.
Tokenization
Celsius Network burns entirety of its CEL holdings, eliminating 94% of total supply
Bankruptcy filings previously raised the possibility of a token burn.
Legal
Roger Ver arrested in Spain after DOJ files tax fraud charges in the US
Ver allegedly sold and failed to report $240 million of BTC sales in 2017.