Trading
Bankruptcy
Bankrupt FTX sues Sam Bankman-Fried for $71M to recover ‘political capital’ payments
FTX stated that its former CEO, SBF, pursued the transactions for his benefit.
Featured
Dormant Ethereum whale stirs, sending $116M worth of ETH to Kraken
Blockchain analyst Lookonchain reported that the whale received all of its assets from Ethereum Genesis's block.
CBDCs
Russia could begin digital rubles testing as early as next month
The Western superpowers sanction on Russia has hastened its efforts for financial independce.
Regulation
ASIC cancels FTX Australia’s license amid escalating crypto regulation
Australian regulators have lately increased efforts to regulate the cryptocurrency industry.
Politics
Presidential candidate RFK Jr. proposes backing US dollar with Bitcoin
Robert Kennedy said his government would exempt Bitcoin from capital gain taxes to incentivize ventures to build in the United States.
Regulation
US lawmaker urges SEC to rethink crypto regulation following landmark XRP ruling
Rep. Ritchie Torres stated that the SEC needed to focus its enforcement actions on the crypto industry's bad actors.
Investments
Web3 projects see 78% drop in VC investments as crypto funding falls
Crypto funding has crashed to the lowest point since the fourth quarter of 2020.
Tokenization
Reddit’s MOON cryptocurrency surges 200% after platform’s terms of service tweak
Reddit changed its term of service to allow community points to be traded.
Exchanges
Coinbase Earn still risks being labeled as security, warns Berenberg’s analyst
Berenberg's analyst argued that Coinbase staking pause in four US states highlights the regulatory risk associated with the product.
Exchanges
Binance cuts employee benefits; hints at more layoffs as profits decline
Binance CEO Changpeng Zhao tweeted that the exchange was still hiring despite making contradicting statements to employees.
Exchanges
National Australia Bank blocks millions in crypto transactions citing scam concerns
NAB said it has introduced new measures aimed at better protecting its customers from scams.
Tokenization
Ripple eyes US bank partnerships following SEC victory, as XRP volume surpasses Bitcoin
Ripple believes the legal clarity provided by its recent win against SEC could open doors for institutional interest in XRP.
