Bankruptcy
SEC chair’s nod to a lawful FTX revival sparks FTT token’s 90% rally
SEC Chair Gary Gensler hinted that FTX could be revived under strict adherence to the law.
Oluwapelumi Adejumo 2 min read
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ETF
Grayscale inches closer to spot Bitcoin ETF with ‘constructive’ SEC dialogue
Grayscale CEO Michael Sonnenshein said there was no timeline for approval but that the firm and the SEC were in conversation.
Politics
Rep. Tom Emmer roasts Gary Gensler in fiery speech on the House floor
The Minnesota congressman called the SEC chair "ineffective and incompetent" while stressing Congress' authority to regulate digital assets.
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Regulation
‘Keep Your Coins Act’ comes to US Senate amid push for crypto self-custody
If the act is passed, it would prohibit federal agencies from enacting rules against self-hosted wallets.
Investments
Grayscale’s Chainlink Trust shares is trading 200% higher than LINK’s spot price
The value of Grayscale's Chainlink Trust (GLNK) is three times higher than the underlying asset it holds.
Stablecoins
Circle eyes IPO as USDC market dominance dips to two-year low
USDC's market dominance has recently reached its lowest level since 2021.
Regulation
Federal Reserve’s Michael Barr comments on stablecoin regulations, CBDCs
Barr suggested that Congress, not the Fed, should make rules for stablecoins.
AI
IBM invests $500M into AI venture fund
The IBM Enterprise AI Venture Fund will direct investments to a variety of startups focused on hastening generative AI technology.
Regulation
Half of CFTC’s enforcement cases in the last year involved digital assets
The agency reported that 47 of of the 96 actions in brought in the last year were crypto-related and focused on both well-known and obscure targets.
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Regulation
Acting OCC chief says tokenization holds immense promise, but crypto still risky
Exchanges
Investment firm involved in Celsius acquisition reportedly eyeing FTX
AI
Xbox partners with Inworld AI to build AI tools for game developers
Regulation
