Crypto
Bankruptcy
Anthropic founders block Saudi Arabia from buying FTX-owned stake
FTX is selling the stake as part of its bankruptcy proceedings to repay its creditors, who lost billions due to its collapse.
Adoption
BlackRock sees Bitcoin as integral part of financial system – little interest in other crypto
Mitchnick said that BlackRock expects Bitcoin to become an integral part of the financial system in the coming decade.
AI
UN adopts global AI resolution to ensure ‘safe, secure and trustworthy’ AI advancement
The UN General Assembly believes it is paramount that AI is developed in a sustainable manner that does not threaten human rights.
Analysis
Bitcoin sees dramatic slide below $65K over four hours
Bitcoin had only slightly recovered above the $65,000 mark as of press time, with downward pressure remaining in the market.
Adoption
Coinbase secures CFTC approval to list Dogecoin futures
Each of the three tokens experienced above-average price gains following the news.
Regulation
US Lawmakers believe crypto regulation could become law by Election Day
Congressman McHenry and Senator Lummis both see crypto regulations passing into law sometime this year.
Analysis
Solana drops over 15% in a single day, giving up most of its weekly gains
As of press time, SOL was trading at roughly $174 as of press time with a market cap of approximately $77 billion.
Bankruptcy
Genesis and Gemini’s Earn program closure leads to $2 billion settlement offer for affected users
Genesis asked a bankruptcy court to approve a settlement in principle, while Gemini submitted a statement in support of the plan.
Regulation
UK FCA to recover $8 million in costs via fees placed on stablecoin issuers, custodians
The regulator mainly plans to recover £6.2 million ($7.9 million) related to new stablecoin regulations and a wider regime
Legal
Court sanctions SEC, orders it to cover legal fees in DEBT Box case
Additionally, the agency can no longer refile the case to pursue it further.
AI
SEC chair Gensler condemns ‘AI washing’ after regulatory action against 2 companies
AI washing is the practice of making false claims about the use of AI technology in the financial industry.
Exchanges
OKX removes USDT pairs in Europe as new stablecoin regulations loom
Rumors suggest the exchange is delisting the pairs because Tether is not allowed to issue a stablecoin under EU's upcoming MiCA rules.