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Closer Ties Between Crypto Firms and the Banking System: What It Means for Banks

Elizabeth Warren and Tina Smith are asking for more investigation. •U.S. lawmakers have penned a letter pressing Federal Reserve Chairman Jerome Powell for information on American banks’ ties to crypto...
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Understanding the Microsoft-Activision Blizzard Acquisition and Its Impact on Gamers and the Metaverse

The FTC seems poised to stop Microsoft in its tracks •On Thursday, the Federal Trade Commission announced a lawsuit to block Microsoft from acquiring Activision Blizzard, developers of the Call of...
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Coinbase’s CEO Reports This Year Will See Less Profit Than Last Year

Well….duh. •Coinbase CEO Brian Armstrong predicts that the company will bring in only half as much revenue this year compared to last year, due to the bear market. • Last...
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Celsius ordered to return $44 million worthy of crypto to customers

•The U.S. bankruptcy judge responsible for the Celsius Network case has ordered the bankrupt crypto lender to return around $44 million worth of cryptocurrencies, which will impact customer funds that...
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Crypto Fraud Case Against Kim Kardashian Dropped

The reality star avoids a costly scandal •A judge in California has dismissed a lawsuit against Kim Kardashian and others for promoting crypto project EthereumMax. • The lawsuit was first...
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Democratic congressman Ritchie Torres is calling for an independent investigation into the SEC’s failure to prevent the collapse of crypto exchange FTX.

• In a letter addressed to the GAO, Torres criticizes SEC chair Gary Gensler for claiming exclusive regulatory dominion over crypto exchanges while simultaneously failing to meaningfully regulate them. •...
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Solana Serum replacement found in OpenBook

•Solana devs are rebuilding after Sam Bankman-Fried’s FTX exchange and Serum platform collapsed. • They are replacing Serum with OpenBook, and trying to plot a course for the future of...
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Warner Music Group Launches Web3 Music Platform While Winamp Joins 

New potential ways to earn in web3 for musicians •Warner Music Group is launching a web 3.0 music platform in collaboration with e-commerce platform builder LGND.io and Polygon. • The...
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Republican Madison Cawthorn Fined for promoting anti-president crypto

•Madison Cawthorn, a GOP congressman from North Carolina, has been fined by the House Ethics Committee for promoting a cryptocurrency in which he had invested $150,000. • The cryptocurrency in...
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Grayscale’s Troubles with Hedge Fund Fir Tree Capital

•Hedge fund Fir Tree Capital is suing Grayscale Investments over potential mismanagement and conflicts of interest at the firm’s flagship Bitcoin fund. • The lawsuit comes as Grayscale Bitcoin Trust’s...
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