The industry was rocked this week by the shocking news of former FTX CEO and crypto prodigy, Sam Bankman-Fried, being sentenced to 25 years behind bars.
Ethereum
Fidelity, a renowned asset management firm, has boldly presented a proposal to the SEC for a game-changing Ethereum ETF with staking capabilities, Inspired by the triumph of the first spot Bitcoin ETF.
Consensys, the parent company of the popular self-custody wallet MetaMask, has passionately appealed to the SEC to approve this groundbreaking ETF, highlighting Ethereum’s robust security features.
Technology
HSBC Hong Kong has made history as the pioneer in offering tokenized RWA. Gold tokens are now available for retail investors in Hong Kong, opening up a whole new realm of investment opportunities.
Polygon is back with a bang, announcing the revival of its zero-knowledge Ethereum Virtual Machine (zkEVM) mainnet beta, after a brief setback due to technical difficulties with its blockchain sequencer.
Business
KuCoin refuses to back down in the midst of legal battles with regulatory agencies. In a bold move, they are unleashing a massive $10 million crypto drop to keep their loyal customers on board.
Tether, the mastermind behind the popular USDT stablecoin, is setting its sights on the future. With a laser focus on artificial intelligence, they are positioning themselves as pioneers of innovation in the crypto world.
According to experts at Bernstein, BlackRock’s upcoming launch of a tokenized fund will do more than just shake up the market. It will also bring legitimacy to public blockchains like Ethereum.
Security
Prisma Finance, a leading DeFi protocol, has been rocked by a daring $11.6 million hack. The hacker is claiming to be a ‘whitehat rescuer’, leaving the industry in a state of shock and suspicion.
The infamous developer behind the $62 million Munchables hack has made a surprising turn. After initially stealing the funds, the rogue hacker has now returned them without asking for a single penny.
CBDC
The global bank messaging system has just revealed the results of its second test phase for its groundbreaking CBDC solution. And the best part? It aced the test after a thrilling six-month trial period.
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Regulation
- British Columbia’s authorities have launched their third Unexplained Wealth Order, this time honing in on the co-founder of the now-defunct Quadriga CX crypto exchange.
- In a shocking turn of events, Sam Bankman-Fried, the former CEO of FTX, a once-promising cryptocurrency platform, has been handed a 25-year prison sentence for his involvement in seven counts of fraud and conspiracy.
- The Securities and Exchange Commission (SEC) has emerged victorious in its legal battle against Coinbase, as a judge has rejected the latter’s attempt to dismiss the case. This is a major win for the SEC and a blow to Coinbase’s defense.
- Portugal’s CNPD Puts Worldcoin on Hold for Biometric Data Collection on Citizens for 3 Months
- Legal Battle Begins: Terraform Labs’ Former CEO Absent in SEC Case Due to Arrest and Extradition
- Philippines’ Financial Watchdog Cracks Down on Binance’s Unlicensed Operations, Threatens Ban
- Ripple’s legal battle against the SEC heats up as the regulatory body demands a staggering $2 billion in fines and penalties, posing a major threat to the future of the cryptocurrency giant.
- The European Union takes a firm stance against money laundering with the implementation of strict laws, cracking down on anonymous crypto transactions made through hosted wallets.