Market
Adoption
Justin Sun aims to get TRON adopted as legal tender in 5 nations by 2023
Sun said that getting TRON adopted as legal tender across countries could boost the cryptocurrency's usage and cause its value to increase.
Crime
N. Korean hackers launder $27.18M ETH stolen in Harmony Bridge attack
The Lazarus Group, which is responsible for the hack, previously moved over $60 million of the stolen funds on Jan. 13.
Regulation
Elizabeth Warren urges stricter regulation, says solution to crypto fraud begins with the SEC
Senator Warren said that the crypto industry is 'scared' of a strong SEC and is, therefore, spending millions lobbying to escape oversight.
Bankruptcy
FTX creditors include Google, Meta, Circle, Genesis, govt. agencies
The impact of the FTX meltdown has outstripped the crypto ecosystem and leeched into the mainstream tech industry and beyond.
DeFi
Injective launches $150M fund backed by Pantera, Jump Crypto
The fund aims to accelerate DeFi adoption by providing support to founders building within Injective and the Cosmos ecosystem.
Legal
Arizona senator keeps pushing to make Bitcoin legal tender
If approved, the bill would allow Arizona residents to transact and pay taxes with BTC. A similar bill was first introduced in January 2022.
Bankruptcy
Core Scientific raised $500M from BlackRock, Apollo and others
Core Scientific also received over $50 million from these institutional investors in DIP loans to continue operations during bankruptcy proceedings.
Bankruptcy
Genesis creditors launch class action lawsuit against DCG, Barry Silbert
The lawsuit alleges that Genesis violated the Securities Act and seeks to hold DCG and Silbert liable as "control persons."
Bankruptcy
Unredacted BlockFi financials show over $1.2B link to FTX, Alameda
The uncensored documents show that nearly half of BlockFi's unadjusted assets are linked to FTX and Alameda — more than previously disclosed.
Exchanges
Binance mixes user funds with B-Token collateral by ‘mistake’
Binance has stored a significant amount of reserves for its B-Tokens in an exchange cold wallet containing user funds.
Bankruptcy
BlockFi plans to sell $160M worth of BTC miner-backed loans
The price of BTC mining rigs fell nearly 85% over the past year, causing some loans to become under-collateralized.
Bankruptcy
Genesis aims to close a deal with creditors
Genesis has "confidence" it can resolve disputes with creditors this week. The lender is looking to exit bankruptcy by May 19.