Business
The Texas State Securities Board alleged that Abra has been insolvent for months in an emergency cease and desist order.
Binance’s U.S.-based subsidiary reportedly cut 50 positions from its workforce in anticipation of a multi-year costly litigation process.
Terra founder Do Kwon will be held in Montenegro custody for six months as the court considers extradition requests from South Korea and the U.S.
Bitcoin
The world’s largest asset manager has filed to launch the iShares Bitcoin Trust with Coinbase as the fund’s custodian.
Prometheum’s parroting of Gensler’s stance on crypto sparks industry-wide debate. Is this startup a rule-abiding player or a wolf in sheep’s clothing?
Creditors of bankrupt crypto lender Voyager will have a 30-day window to withdraw a portion of their claims.
DeFi
USDT holders have been aggressively selling the stablecoin on DeFi’s largest liquidity pools.
The U.S. entity of crypto exchange Bittrex is set to enable customer withdrawals on Thursday.
Regulation
Prosecutors agreed to try Sam Bankman-Fried on the eight charges from the original indictment after a Bahamas court blocked the additional charges from being included.
The SEC sees no reason to “bind itself to a specific deadline” but said it would be in a position to respond to Coinbase’s rulemaking petition in four months.
