Crime
OneCoin co-founder Karl Sebastian Greenwood receives 20-year prison sentence
Greenwood will also be forced to forfeit $300 million of personal funds.
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Mike Dalton 2 min read 
Regulation
Gensler defends extensive rule-making record in congressional grilling
The SEC chair faced strong criticisms, particularly from Republican members of the Committee, on his record of regulation and enforcement after more than two years in office.
Adoption
Franklin Templeton applies for spot Bitcoin ETF, tapping Coinbase as custody institution
The SEC has yet to approve any spot Bitcoin ETF applications, but 2023 has seen several institutional asset managers try their hands.
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Macro
U.S. Treasury yield spread dips to historic lows signaling economic caution
Investor confidence dwindles as treasury yield spread dives.
Legal
Class action case against Bitfinex gets dismissed, marking another legal win
Bitfinex secures significant legal triumph as US court dismisses class action lawsuit.
Regulation
Despite industry objections, SEC’s Gensler continues to classify crypto as securities
Gensler doubles down on crypto regulations amidst industry backlash and legal setbacks.
Legal
SBF, US justice department wrangle over expert witness credibility
The two parties previously moved to dismiss each other witness list.
Legal
SBF may not testify in court as lawyers paint ‘altruist’ picture in jury questions
SBF's defense team hints at altruistic narrative in upcoming trial.
AI
Meta reportedly building new AI model to compete against OpenAI’s ChatGPT
The tech powerhouse is reportedly building new data centers and buying up NVIDIA chips in an effort to surpass its previous efforts and rival market frontrunners.
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Bankruptcy
FTX court filing reveals $7B in assets as firm aims to complete bankruptcy process by second quarter 2024
Bankruptcy
New Celsius 2.0 company board proposal released, led by former Algorand CEO
Legal
Rep. Tom Emmer says Gensler “abused his authority,” backs amendment to limit SEC’s crypto reach
Legal