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FTX Sues LayerZero Labs, Seeks To Reclaim $21M in Funds: Bankrupt cryptocurrency exchange FTX has taken legal action against cross-chain protocol LayerZero Labs, aiming to reclaim $21 million in funds.

👉Details: https://coinmarketcap.com/alexandria/article/ftx-sues-layerzero-labs-seeks-to-reclaim-dollar21m-in-funds

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Taiwan's FSC to Ban Unregistered Offshore Crypto Exchanges: Taiwan's FSC drafts guidelines for regulating virtual currencies.

👉Details: https://coinmarketcap.com/alexandria/article/taiwans-fsc-to-ban-unregistered-offshore-crypto-exchanges

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Southeast Asia Ride Hailing Super App Grab Launches Web3 Services to 35M Monthly Users: Popular ride-hailing super-app Grab has taken a leap into the world of web3, offering its users a range of blockchain-enabled features.

👉Details: https://coinmarketcap.com/alexandria/article/southeast-asia-ride-hailing-super-app-grab-launches-web3-services-to-35m-monthly-users

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Former FTX Exec Ryan Salame Pleads Guilty to Campaign Finance Violations, Forfeits $1.5 Billion: Former FTX executive Ryan Salame has pleaded guilty to criminal campaign finance violation charges in a Manhattan court.

👉Details: https://coinmarketcap.com/alexandria/article/former-ftx-exec-ryan-salame-pleads-guilty-to-campaign-finance-violations-forfeits-dollar15-billion

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China's Shandong Province Plans to Grow Metaverse Market to $20.5B by 2025
:
China's Shandong province has unveiled guidelines aimed at boosting the growth of its metaverse industry, as part of the country's broader blockchain-driven initiatives.

👉Details: https://coinmarketcap.com/alexandria/article/chinas-shandong-province-plans-to-grow-metaverse-market-to-dollar205b-by-2025

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DOJ Freezes Assets of Former Celsius CEO Alex Mashinsky Amid Fraud Charges: The Department of Justice (DOJ) has taken action to freeze the assets of former Celsius Network CEO, Alex Mashinsky, who is facing seven criminal charges related to cryptocurrency fraud.

👉Details: https://coinmarketcap.com/alexandria/article/doj-freezes-assets-of-former-celsius-ceo-alex-mashinsky-amid-fraud-charges

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Australia's Senate Rejects Crypto Regulation Bill, Calls for Further Consultations: Australia's Senate Economics Legislation Committee has rejected the "Digital Assets (Market Regulation) Bill 2023," which was introduced by opposition senator Andrew Bragg.

👉Details: https://coinmarketcap.com/alexandria/article/australias-senate-rejects-crypto-regulation-bill-calls-for-further-consultations

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MetaMask Adds Bank and Paypal Feature To Withdraw to Fiat
:
MetaMask, the world's leading hot wallet for cryptocurrencies, has unveiled a new feature that allows its users to convert their digital assets into fiat currency.

👉Details: https://coinmarketcap.com/alexandria/article/metamask-adds-bank-and-paypal-feature-to-withdraw-to-fiat

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Visa Expands USDC Stablecoin Settlements Using Solana
:
Payments giant Visa announced plans to expand its stablecoin settlement capabilities by utilizing the Solana blockchain.

👉Details: https://coinmarketcap.com/alexandria/article/visa-expands-usdc-stablecoin-settlements-using-solana

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CZ Sees Opportunity for Binance To Prove Its Strength, Says Company Is Ahead on Regulations
:
Changpeng Zhao, known as CZ, the CEO of Binance, has taken a defiant stance amidst the recent wave of regulatory scrutiny and media attention directed at his cryptocurrency exchange.

👉Details: https://coinmarketcap.com/alexandria/article/cz-sees-opportunity-for-binance-to-prove-its-strength-says-company-is-ahead-on-regulations

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Crypto Betting Platform Stake Exploited For $40M in Wallet Owned by Company
:
Stake, a prominent cryptocurrency betting platform, has fallen victim to an exploit resulting in the loss of approximately $40 million in funds, as reported by blockchain security experts.

👉Details: https://coinmarketcap.com/alexandria/article/crypto-betting-platform-stake-exploited-for-dollar40m-in-wallet-owned-by-company

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U.S. District Court Judge Labels Ether and Bitcoin as "Crypto Commodities" in Dismissal of Lawsuit Against Uniswap
:
U.S. District Court Judge Katherine Polk Failla dismissed a class-action lawsuit against Uniswap while referring to ETH and BTC as "crypto commodities."

👉Details: https://coinmarketcap.com/alexandria/article/us-district-court-judge-labels-ether-and-bitcoin-as-crypto-commodities-in-dismissal-of-lawsuit-against-uniswap

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BitBoy Ben Armstrong Faces Controversy and Removal From Own Company Amid Allegations: BJ Investment Holdings, the parent company of Hit Network and BitBoy Crypto, has made headlines by removing cryptocurrency influencer and YouTuber Ben Armstrong from the company.

👉Details: https://coinmarketcap.com/alexandria/article/bitboy-ben-armstrong-faces-controversy-and-removal-from-own-company-amid-allegations

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StarkWare Restores Access After Locking $550K of Funds From Outdated Wallets: Starkware, a decentralized layer-2 network for Ethereum scalability, has reversed its decision to lock users out of their outdated wallets containing approximately $550,000 worth of assets.

👉Details: https://coinmarketcap.com/alexandria/article/starkware-restores-access-after-locking-dollar550k-of-funds-from-outdated-wallets

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Binance Expands “Send Cash” Crypto-to-Bank Account Payment Solution in Latin America: Leading cryptocurrency exchange Binance is expanding its presence in Latin America.

👉Details: https://coinmarketcap.com/alexandria/article/binance-expands-send-cash-crypto-to-bank-account-payment-solution-in-latin-america

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Vitalik Buterin’s X Account Hacked, Attacker Stole Over $690K: Ethereum co-founder Vitalik Buterin has become the latest victim of a Twitter hack.

👉Details: https://coinmarketcap.com/alexandria/article/vitalik-buterins-x-account-hacked-attacker-stole-over-dollar690k

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CFTC Takes Action Against DeFi Protocols Opyn, ZeroEx and Deridex for Failing to Register Derivatives Trading Offerings: The United States Commodity Futures Trading Commission (CFTC) has initiated regulatory action against three decentralized finance (DeFi) protocols.

👉Details: https://coinmarketcap.com/alexandria/article/cftc-takes-action-against-defi-protocols-opyn-zeroex-and-deridex-for-failing-to-register-derivatives-trading-offerings

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North Korean Hacker Group Lazarus Steals $41M in Crypto From Stake: FBI: The FBI has announced that the Lazarus Group, a North Korean hacker organization, is responsible for a $41 million cryptocurrency theft from the cryptocurrency casino Stake.

👉Details: https://coinmarketcap.com/alexandria/article/north-korean-hacker-group-lazarus-steals-dollar41m-in-crypto-from-stake-fbi

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PUBG Developers Krafton Announces Cosmos-based Layer 1 Using USDC For Settlements
:
Krafton, the game development company renowned for its popular battle royale game PUBG: Battlegrounds, has announced plans to launch Settlus, a layer 1 blockchain utilizing the Cosmos SDK.

👉Details: https://coinmarketcap.com/alexandria/article/pubg-developers-krafton-announces-cosmos-based-layer-1-using-usdc-for-settlements

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22 Crypto Billionaires and 88,200 Crypto Millionaires Worldwide: Crypto Wealth Report: A recent report from Henley & Partners has shed light on Bitcoin and crypto billionaires and millionaires across the globe.

👉Details: https://coinmarketcap.com/alexandria/article/22-crypto-billionaires-and-88200-crypto-millionaires-worldwide-crypto-wealth-report

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Ark Invest and 21Shares Seeks SEC Approval for Groundbreaking Spot Ethereum ETF: Cathie Wood's Ark Invest is seeking approval to launch the US first spot Ethereum ETF. This development, filed with the Securities and Exchange Commission (SEC) on Wednesday.

👉Details: https://coinmarketcap.com/alexandria/article/ark-invest-and-21shares-seeks-sec-approval-for-groundbreaking-spot-ethereum-etf

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Coinbase’s L2 Base Hit With Outage, No Funds At Risk Says Team
:
Base, Coinbase's Ethereum Layer-2 network, faced a temporary outage lasting for half an hour on Tuesday, with a full resolution taking an additional 30 minutes.

👉Details: https://coinmarketcap.com/alexandria/article/coinbases-l2-base-hit-with-outage-no-funds-at-risk-says-team

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Major South Korean Hana Bank Partners With BitGo
:
Hana Bank, a major commercial bank in South Korea, has announced a strategic partnership with BitGo, a well-established crypto custody firm.

👉Details: https://coinmarketcap.com/alexandria/article/major-south-korean-hana-bank-partners-with-bitgo

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South Korea Plans Bill to Track and Freeze North Korean Crypto Assets Funding Weapons Programs
:
The South Korean government is reportedly preparing to introduce legislation aimed at tracking and freezing North Korean cryptocurrency.

👉Details: https://coinmarketcap.com/alexandria/article/south-korea-plans-bill-to-track-and-freeze-north-korean-crypto-assets-funding-weapons-programs

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Former MAS Chair and Finance Minister Who Called Crypto “Highly Risky” Elected as Singapore President
:
Tharman Shanmugaratnam, the former chair of the Monetary Authority of Singapore (MAS), has secured a resounding victory in Singapore's presidential election, garnering over 70% of the vote.

👉Details: https://coinmarketcap.com/alexandria/article/former-mas-chair-and-finance-minister-who-called-crypto-highly-risky-elected-as-singapore-president

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FTX Wallet Moves $10M in Crypto Assets to Ethereum Amid Sell-off Concerns
:
A wallet associated with the bankrupt cryptocurrency exchange FTX recently transferred $10 million worth of digital assets from the Solana network to Ethereum.

👉Details: https://coinmarketcap.com/alexandria/article/ftx-wallet-moves-dollar10m-in-crypto-assets-to-ethereum-amid-sell-off-concerns

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Binance Announces Phased Transition From BUSD, Supports Conversion to New Stablecoin FDUSD: The exchange revealed that it will gradually phase out its support for BUSD due to Paxos discontinuing the issuance of new BUSD tokens.

👉Details: https://coinmarketcap.com/alexandria/article/binance-announces-phased-transition-from-busd-supports-conversion-to-new-stablecoin-fdusd

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Coinbase Stock Surges 15% as Federal Judge Favors Grayscale in SEC Lawsuit: Coinbase's stock experienced a notable surge, climbing over 15%, following the recent federal court decision that favored Grayscale in its lawsuit against the SEC.

👉Details: https://coinmarketcap.com/alexandria/article/coinbase-stock-surges-15percent-as-federal-judge-favors-grayscale-in-sec-lawsuit

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Arkham: Robinhood Wallet Identified as Major Holder of Ethereum Worth $2.54B and Bitcoin Worth $3.3B: Cryptocurrency data tracking platform Arkham Intelligence has identified Robinhood as a significant holder of both Ethereum (ETH) and Bitcoin (BTC).

👉Details: https://coinmarketcap.com/alexandria/article/arkham-robinhood-wallet-identified-as-major-holder-of-ethereum-worth-dollar254b-and-bitcoin-worth-dollar33b

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DCG and Genesis Reached In-Principle Agreement on Creditors’ Claims: According to a document filed with the US bankruptcy court in the Southern District of New York, Digital Currency Group and Genesis Global's creditors have reached an in-principle agreement.

👉Details: https://coinmarketcap.com/alexandria/article/dcg-and-genesis-reached-in-principle-agreement-on-creditors-claims

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