Two Lawyers Walk Into A Bar... And Out of the SEC

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A new legal update for you Scrollers: CZ is looking at serving 3 years according to a recent announcement. Plus, multiple SEC lawyers have resigned due to issues in a crypto case; BlackRock is making moves with tokenization and their money market funds; and much much more. Just Keep on Scrolling for the best headlines and articles!

• United States prosecutors say former Binance CEO, Changpeng Zhao, should be sentenced to 3 years (CT)

• SEC is seeking a $5.3B fine against Do Kwon/Terraform Labs (CD)

• BRICS is in discussion to develop its own stablecoin (WG)

• Bitcoin advocates have made a petition for Swiss Central Bank to add BTC to its balance sheet (BM)

• 72% of locals hold BTC in the UAE as they lead the crypto adoption (WG)

• Bitcoin network fees soar as runes are here (TD)

• Federal district court judge rules that multiple SEC lawyers abused power in DEBT Box case leading to lawyers resigning (WG)

• Lightspeed Faction and Galaxy lead $15M round for wallet infrastructure startup, Turnkey (CD)

• Centrifuge raises new round of funding of $15M (M)

• Shiba Inu raised $12M to develop a new L3 blockchain (TB)

• Zeus Network scores $8M from OKX, Mechanism Capital, and Solana co-founder Yakovenko (FSME)

• Othentic raises $4M seed round for web3 orchestration layer (NFTG)

• Zeko Labs closes $3M funding round led by UOB Venture, YBB Capital, and Signum Capital for building defi solutions (FSME)

• Inference Labs reels in $2.3M pre-seed for web3 x AI (BK)

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• Binance exec who escaped Nigeria has been found in Kenya (CD)

• Philippines SEC demands Binance to be removed from mobile application stores (CT)

• Thailand to block access to unauthorized crypto platforms (CD)

• Ripple rejects $1.95B fine in final judgement (CD)

• Blockchain Association and crypto activist group sue SEC over dealer rule (M)

• Binance sued in Canada for securities law violation (M)

• Venezuela looks to Tether to bypass sanctions (CD)

• Venezuela is considering implementing crypto for crude & oil trade (WG)

President Biden wants to kill the Bitcoin Mining industry

• Hedgey suffers $44M hack (TD)

• Cosmos bug could have put $150M at risk (M)

• AI trading platform, YIEDL, suffers exploit with hackers taking $157k (CN)

• North Korea’s Lazarus Group estimated to have hacked $2.4B of crypto since 2020, and favorite exploit has been revealed (CTM)

• Hackers leaked El Salvador’s state Bitcoin wallet (CT)

• Millions in forgotten crypto lies dormant on bridges (TD)

• BlackRock announces it’s partnership with Securitize to tokenize a Money Market Fund on Ethereum (LI)

• Ethereum ETF decisions delayed again and unlikely in Q2 (BLOCK)

• Justin Sun reportedly scooped $890M in ETH (CP)

• Hong Kong Bitcoin and Ethereum ETFs to begin trading next week (WG)

• Hut 8 received a buy rating from banking firm benchmark (TB)

• IMF states that Bitcoin is a necessary asset for preserving wealth & savings tool (CS)

• Mining revenue peaked at $107M on halving day (CT)

• Archax to tokenize money market fund with BlackRock on Hedera (ARX)

• Tether partners with Telegram to bring payments to 900M users (TD)

• Paypal and EnergyWeb partner for crypto miners to go green (TB)

• BlackRock holds $18B worth of Bitcoin, and 60k more BTC than MicroStrategy (@BitcoinMagazine)

• None of Tesla’s $711M of Bitcoin was sold in Q1 (WG)

• Bitcoin miners to shift their focus to AI post halving (CD)

• Bitcoin is officially in DeFi summer (TB)

• Dangers of new crypto users rushing into defi (CT)

• A rumored and unconfirmed 1% Wealth Tax aimed at owners with portfolios of digital assets valued at $500k or more has been confirmed to be FALSE (BIN)

• Tokenomics, utility, and adoption metrics of unicorn blockchain company, Safe (@danftz)

• What to know ahead of Coinbase Q1 Earnings Report (@CryptoSnow_IO)

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