Crypto dramas proceed with developments surrounding SBF, Binance, Multichain, and Gemini, a reprieve for crypto mining, DAI’s fee surge, and extra!
Posted June 2, 2023 at 6:02 am EST. Up to date June 2, 2023 at 6:02 am EST.
This week, we cowl:
- Sam Bankman-Fried’s unfolding authorized conundrum, as U.S. prosecutors proceed with fees in opposition to the previous FTX CEO, turning to the Bahamian authorities for important perception.
- FTX’s intensified scrutiny, with a battle within the U.S. Third Circuit Court docket of Appeals over the appointment of an unbiased examiner for the bankrupt trade.
- Binance’s alleged workforce cuts, with rumors of 20% layoffs sparking considerations over the corporate’s stability amidst regulatory scrutiny and a shrinking market share.
- Multichain’s disarray, because the CEO of the intensive bridging protocol goes lacking amidst technical issues, triggering hypothesis and anxiousness throughout the crypto neighborhood.
- Gemini and Genesis International Capital’s efforts to dismiss an SEC lawsuit, filed for promoting unregistered securities by way of Gemini’s ‘Earn’ program, inflicting a stir within the regulatory panorama.
- Crypto mining’s sigh of reduction as President Joe Biden’s proposed 30% excise tax is swept away in a debt ceiling deal, probably sparking new curiosity within the sector.
- A possible surge in DAI’s Financial savings Charge, with MakerDAO considering a major enhance that would rework the DeFi panorama.
- Twister Money’s governance points, as an nameless group reversed its management over the decentralized autonomous group (DAO), leaving the crypto neighborhood in suspense.
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