Regulation
Legal
Bankrupt Genesis alleges Gemini contributed to ‘run on the bank’ with $689M withdrawals
The two firms have been involved in an extensive legal battle during the past year.
Bankruptcy
Bankrupt Mt. Gox repayment plan seemingly set in motion nearly a decade after hack
Emails show claimants to begin receiving payments following postponed repayments plan due to legal issues and other reasons previously.
Analysis
Binance-induced market rout wipes more than $200M from crypto traders
Binance agreed to a $4 billion settlement with the U.S. authorities.
AI
Sam Altman to return as OpenAI CEO after dramatic board overhaul
OpenAI had been enmeshed in a leadership crisis over the past week.
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.
