In this weekly recap, we cover:

  • ShapeShift’s SEC Settlement: Erik Voorhees’ ShapeShift agrees to a $275,000 fine with the SEC over charges of operating as an unregistered securities dealer, promising to prevent future violations.
  • Binance.US Under Pressure: Amid SEC concerns over customer fund safeguards, Binance.US reports severe operational setbacks, including significant revenue drops and staff layoffs.
  • Do Kwon’s Extradition Drama: The Terraform Labs co-founder is set to be extradited to South Korea after a Montenegro Court decision.
  • Digital Currency Group’s Legal Stand: DCG and CEO Barry Silbert push back against what they call a “baseless” lawsuit from the NYAG.
  • Crypto’s Political PACs and Meme Coin Mania: As crypto PACs shape congressional primaries, meme coins tied to political figures like ‘BODEN’ surge.
  • MicroStrategy’s Bitcoin Strategy: Amid a historic miner sell-off, the firm ups its Bitcoin investment, signaling strong market confidence even as early Bitcoin miners move to cash out.
  • Wormhole’s Airdrop Fairness Concerns: Community debates erupt over the fairness of Wormhole’s 617 million W tokens airdrop.
  • Coinbase’s Glitch Amid Bitcoin Surge: Users face zero balance displays during Bitcoin’s climb.
  • Tether Hits $100 Billion Cap: As Bitcoin prices soar, Tether’s market capitalization reaches a new milestone.
  • Uniswap’s UNI Token Surges: The DeFi platform’s revenue sharing proposal drives a 20% spike in UNI token value.