In this weekly recap, we cover:
- FTX Sues Binance and Others: FTX files a $1.8 billion lawsuit against Binance and its former CEO Changpeng Zhao while pursuing additional lawsuits to recover funds for creditors.
- BlackRock’s Multi-Chain Expansion: BlackRock’s $500 million BUIDL fund goes multi-chain, now accessible on Aptos, Arbitrum, Avalanche, OP Mainnet, and Polygon.
- Ether ETFs Go Positive: For the first time since launch, ether ETFs post positive cumulative netflows of $241 million, buoyed by Ethereum’s price surge and growing market interest.
- Ethereum’s Beam Chain Proposal: Ethereum researcher Justin Drake’s Beam Chain redesign divides the community with its ambitious five-year roadmap for overhauling the consensus layer.
- Hester Peirce on Crypto Regulation: SEC Commissioner Hester Peirce voices concerns about the agency’s preparedness for a pro-crypto Trump administration and calls for clearer NFT regulations.
- Jito Outage Raises Solana Fees: A temporary outage at Solana’s MEV protocol Jito caused transaction fees to spike, though the issue was quickly resolved.
- Trump Victory Sparks IPO Buzz: Optimism for a pro-crypto administration fuels discussions about potential IPOs from firms like Circle and Chainalysis.
