Regulation
Bankruptcy
Grayscale, DCG stand against Genesis plan to liquidate $1.6 billion in trust shares
DCG, the parent company of the bankrupt lender, contended that Genesis's motives for selling the assets lacked merit.
Legal
Court orders Elon Musk to testify in SEC inquiry over Twitter acquisition
The SEC is investigating whether Musk violated federal securities law during his 2022 Twitter purchase.
Exchanges
Short-term custodial crypto accounts soar 250% with Bitcoin ETF hype
Bitget reported a notable shift in investor behavior toward the short-term utilization of crypto custodial wallets.
Bankruptcy
Former SEC chief criticizes NBA handling of controversial crypto partnerships
The NBA is being sued for its marketing partnerships with the defunct crypto lender Voyager Digital.
Crypto
Ethereum restaking protocol EigenLayer TVL surges amid rising ETH staking
Nearly 2% of Ethereum's circulating supply have been restaked via the EigenLayer.
Crypto
Bitcoin’s climb past $46,000 triggers $123 million in liquidation for crypto traders
BTC's improved price propelled it into the top 10 global assets by market capitalization.
DeFi
Starknet-based zkLend announces ZEND token, reveals ambitious 2024 roadmap
zkLend said its planned features would help imporve the protocol user experience and adoption.
Mining
Australian Bitcoin miner Iris sets 20 EH/s hash rate target as US mining falters
The miner's ambitious hash rate goal would place it at the top spot in the Bitcoin mining industry.
Legal
Ripple requests deadline extension, citing voluminous SEC document demands
Ripple and SEC legal saga drags on with new document production twist.
DeFi
DeFi ecosystem rebounds to 18-month high of $60 billion in assets, signaling investor confidence resurgence
DeFi TVL have increased by 68% since November 2023 thanks to the improved market conditions.
Bankruptcy
Genesis’ bankruptcy plan faces pushback from parent company DCG over creditor payouts
Digital Currency Group claimed that some 'influential creditors controlling the UCC and Ad Hoc Group' pressured Genesis into its bankruptcy plan.
Technology
Chainlink’s LINK token hits five-month high in exchange balance amid $75 million inflow
Chainlink's price has been on the ascendancy since the beginning of the year, up by arond 25%.
