In this weekly recap, we cover:
- U.S. court siding with SEC in the case against Terraform Labs, setting a trial date for January 29, 2024.
- Digital Currency Group CEO Barry Silbert resigning from Grayscale’s board during ongoing investigations.
- Solana’s token value surpassing $100, bolstered by investor confidence and Paxos’ stablecoin expansion plans.
- Mt. Gox beginning creditor repayments, with reports of double reimbursements emerging.
- Optimism’s governance token reaching an all-time high, reflecting growth in Ethereum’s Layer 2 solutions.
- India’s FIU issuing compliance notices to nine major offshore crypto exchanges, signaling tighter regulation.
- The SEC admitting errors in its case against crypto firm Debt Box, requesting the court to avoid imposing sanctions.
