In this weekly recap, we cover:
- FTX pursuing bankruptcy court’s nod for selling its $1.4 billion stake in Anthropic, strategizing financial recovery.
- Terraform Labs grappling with extradition challenges, as Han Chang-joon faces South Korea’s legal system, and Do Kwon’s extradition appeal sees success.
- Genesis seeking court approval for liquidating nearly $1.4 billion in Grayscale Bitcoin Trust shares amid its bankruptcy.
- SEC expanding ‘dealer’ rule to potentially include DeFi protocols, stirring up regulatory concerns in the crypto community.
- Prometheum taking the initiative to categorize ETH as a security in its custodial services, venturing into a regulatory gray area.
- Dymension’s native cryptocurrency DYM surging in value despite concerns over validator centralization and network stability.
- EigenLayer’s TVL soaring significantly following the unpausing of caps, reflecting growing interest in Ethereum restaking protocols.
