Market
Exchanges
WSJ reports CZ stepping down as BNB token whipsaws with Binance near DOJ settlement deal
BNB's value soared to nearly $270 ahead of the news before falling to $240.
Mining
Phoenix Group IPO raises $370M, signaling investor confidence in Middle Eastern crypto economy
The miner said its raise was 22 times the projected amount.
Stablecoins
Tether billion-dollar deposit in UK bank sparks legal showdown: FT
Tether's financial management practices has faced scrutiny from the authorities.
Layer-2
Blast Layer-2 network launch draws both interest and criticism over potential yield model
The blockchain network was backed by venture capital Paradigm.
Technology
Fantom Foundation awards $1.7M to researcher for uncovering potential $170M exploit
Fantom said the vulnerability would have allowed malicious players to mint FTM token on Ethereum.
Exchanges
Kraken vows to ‘vigorously defend’ SEC lawsuit amid Congressional support
Kraken's co-founder Jesse Powell described the financial regulator as an "extortionist."
AI
Interim OpenAI CEO Emmett Shear announces investigation as staff revolts against board
New leadership approach at OpenAI: Emmett Shear's 30-day plan aims to mend the rifts following staff backlash.
Stablecoins
Tether, OKX collaborate with DOJ to seize record $225M in illicit USDT funds
The frozen USDT represents the the largest-ever freeze of USDT in history.
Exchanges
Japan’s Osaka Digital Exchange to kick off security token trading with Ichigo’s real estate assets
Ichigo will reportedly sell about $20 million worth of securities backed by property investments.
ETF
Spot ETF optimism fuels record eight-week streak of crypto ETP net inflows
Bitcoin's inflows since September represent about 3.4% of its total asset under management
Tokenization
AI tokens surge 9% amid OpenAI leadership saga
AI tokens The Graph, Fetch, SingularityNET post average return of 45% during the past 30 days.
AI
Sam Altman to join new Microsoft AI research team as Twitch founder takes over OpenAI
Twitch former CEO Emmett Shear will replace Altman at OpenAI.