In this weekly recap, we cover:
- The U.S. Securities and Exchange Commission’s (SEC) ongoing legal battle with Binance, with Judge Amy Berman Jackson seeking clearer definitions of digital assets as securities.
- Changpeng Zhao’s (CZ) thwarted travel plans, as a U.S. judge denies his request to visit the UAE despite offering $4.5 billion Binance US equity as security.
- The SEC’s repeated delays in decisions on Ethereum ETFs by BlackRock and Grayscale, reflecting the regulatory body’s cautious approach to cryptocurrency investments.
- The FTX Estate being linked to significant outflows from the Grayscale Bitcoin Trust (GBTC), and Alameda Research ending its lawsuit against Grayscale Investments.
- U.S. government’s preparation to liquidate over $117 million in Bitcoin seized from Silk Road-related activities.
- Terraform Labs filing for Chapter 11 bankruptcy amidst SEC’s ongoing lawsuit for a $40 billion fraud.
- The SEC’s revelation of a ‘SIM swap’ cyberattack as the cause of its recent social media mishap, and related security breaches involving a phishing scam and Trezor’s data leak.
- Tornado Cash developers Roman Storm and Alexey Pertsev’s crowdfunding for legal defense against U.S. money laundering and sanctions violations allegations, with Edward Snowden’s backing.
- The Avalanche Foundation setting eligibility criteria for meme coin investments under its Culture Catalyst program.
- 3AC cofounder Su Zhu’s quirky take on his prison experience in Singapore.
