Business
The fund will focus on Web3, AI and biotech investing.
A federal magistrate judge asked the SEC to narrow its request for information, denying a motion for the securities regulator to inspect Binance.US software.
Blockchain infrastructure and Web3 gaming remain areas of interest for investors despite the broader market chill.
The FTX bankruptcy estate seeks to recover millions of dollars worth of funds from SBF’s parents.
The trading platform said Monday that it was halting some trading amid a wider probe into whether the firm had misled the city’s public about its licensing and other issues.
Citi Token Services will allow institutional clients of the investment banking giant to send funds across borders quickly using smart contracts and blockchain technology.
Bitcoin
The largest cryptocurrency by market capitalization has risen more than 7% over the past week amid encouraging economic news from China and the reduced likelihood of an interest rate hike later this week. But one analyst doubts the rally’s staying power.
Researchers from the crypto exchange believe that there are several factors that will reduce the risk of market shocks when FTX eventually unloads its $3.4 billion worth of crypto.
Regulation
Senators Warren, Marshall, Manchin and Graham announced an expanded coalition of support for the Digital Asset Anti-Money Laundering Act.
Crypto exchange Gemini has called DCG’s proposed remuneration plan “inadequate” and an attempt to “gaslight” creditors.
