This week, we cover:

  1. Sam Bankman-Fried’s unfolding legal conundrum, as U.S. prosecutors proceed with charges against the former FTX CEO, turning to the Bahamian government for critical insight.
  2. FTX’s intensified scrutiny, with a battle in the U.S. Third Circuit Court of Appeals over the appointment of an independent examiner for the bankrupt exchange.
  3. Binance’s alleged workforce cuts, with rumors of 20% layoffs sparking concerns over the company’s stability amidst regulatory scrutiny and a shrinking market share.
  4. Multichain’s disarray, as the CEO of the extensive bridging protocol goes missing amidst technical problems, triggering speculation and anxiety within the crypto community.
  5. Gemini and Genesis Global Capital’s efforts to dismiss an SEC lawsuit, filed for selling unregistered securities through Gemini’s ‘Earn’ program, causing a stir in the regulatory landscape.
  6. Crypto mining’s sigh of relief as President Joe Biden’s proposed 30% excise tax is swept away in a debt ceiling deal, potentially sparking new interest in the sector.
  7. A potential surge in DAI’s Savings Rate, with MakerDAO contemplating a significant increase that could transform the DeFi landscape.
  8. Tornado Cash’s governance issues, as an anonymous group reversed its control over the decentralized autonomous organization (DAO), leaving the crypto community in suspense.
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