Business
BitGo has signed a term sheet to acquire Prime Trust, a crypto infrastructure provider that had clients including FTX, Binance.US, and Celsius.
Regulation
The SEC’s habit of naming tokens as securities in lawsuits in which the token issuers are not named as defendants is “not fair,” according to Davis Polk partner Robert Cohen.
Another former CFTC commissioner joins another crypto firm as Heath Tarbert becomes Circle’s new chief legal officer.
Bitcoin
Amid escalating regulatory tension, Dorsey ignites a heated debate by claiming ETH is a security.
SEC targets Binance and Coinbase: Jake Chervinsky provides a nuanced perspective on the lawsuits — and the future of crypto regulation.
Commonwealth Bank will decline or hold payments to crypto exchanges to protect customers from scam risks.
DeFi
The Arbitrum ecosystem, which has $2.21 billion in total value locked, was briefly halted on Wednesday.
Galaxy Digital’s Mike Novogratz says the firm is looking at how fast it can move people outside the United States.
Crypto exchange Binance’s acquisition of GoPax is on pause as regulators examine the SEC’s lawsuit against Binance, according to a local media report.
The SEC filed for a temporary restraining order to ‘ensure the safety of customer assets.’