Regulation
Three U.S. Senators have said that claims about Binance.US being entirely independent to its parent company bear an eerie similarity to those made by FTX.
Business
The FTX debtors said they have located $2.2 billion worth of assets on the main exchange, only a third of which are liquid.
Several major crypto companies have stopped processing deposits and withdrawals through the once mighty fiat on-ramp Silvergate Bank.
The Treasury and Federal Reserve seem “decided” on a digital dollar, but political resistance is mounting, say D.C. sources.
DeFi
Insider insights on MakerDAO’s 2022 financial report, Lido’s future, and managing a decentralized treasury with Stakehouse Financial’s Sébastien Derivaux and adcv.
Bitcoin
Market depth for Bitcoin and Ethereum has continued to fall this week, hitting a low last seen in May 2022.
Paxos-issued stablecoin BUSD saw $6 billion worth of outflows over the last month as it faces increasing pressure from regulators.
Kraken joins Binance in limiting certain transactions through Signature Bank, after the firm implemented a policy to no longer process transactions below $100,000.
Ethereum
Account abstraction, which turns user accounts into contract accounts on Ethereum, is now a reality after the deployment of ERC-4337 on Wednesday.
The SEC and CFTC have laid a series of charges against the former director of engineering at FTX, Nishad Singh, after he pleaded guilty to six counts of fraud and conspiracy in a federal court on Tuesday.