Regulation
Sam Bankman-Fried’s lawyers plan to argue that their client was acting on the advice of a Silicon Valley law firm with regards to many of the fraud charges against him.
Business
Senior executives at the crypto exchange characterized the job cuts as a cyclical “talent density audit” as opposed to a cost-cutting measure.
Bitcoin
The next difficulty adjustment set to take place on May 31 would be a new all-time high for the Bitcoin mining metric.
The government is pushing for an independent inquiry into FTX despite its estimated $100 million cost to the bankruptcy estate.
Binance is reportedly considering letting institutional clients hold their trading collateral at a bank as a way to reduce counterparty risk.
Former FTX CEO Sam Bankman-Fried could have some charges against him dropped if the Bahamas deems that they violate his extradition terms.
Contrary to popular belief, two FINRA-approved digital asset firms say there is a clear path to being compliant with regulators.
The crypto exchange plans to assist police with gathering evidence on platform users involved in money laundering.
Richard Teng will lead all of Binance’s operations in regional markets outside the U.S. amid heightened regulatory scrutiny on the crypto exchange.
DeFi
Around 155 million OP tokens are scheduled to be unlocked on Wednesday, representing 3.6% of total token supply.
