Former FTX head of engineering fined $3.7M to resolve CFTC lawsuit
Singh faced legal action from the SEC, CFTC and US Department of Justice after FTX collapsed in November 2022 but avoided significant prison time by cooperating with authorities.
Alabama becomes second US state to grant DAOs legal status under DUNA
The legislation “embraces innovation, protects participants and empowers internet-native communities to compete with big tech incumbents,” said a16z’s Miles Jennings.
Crypto exchange Bithumb to delay IPO until after 2028: Report
According to the company CFO, Bithumb was “strengthen[ing] accounting policies and internal controls” ahead of its IPO plans, already delayed from 2025.
Hyperliquid whale makes $80M bet on market crash: Is Bitcoin in trouble?
A Hyperliquid DEX whale has placed an $80 million bet that Bitcoin will crash and oil will rally, but data show this trader has lost millions in the past.
EDX seeks OCC trust bank charter for institutional crypto custody
The crypto exchange seeks a charter from the Office of the Comptroller of the Currency to separate custody from trading and expand services under a regulated banking framework.
Technical charts show Bitcoin and altcoins on the verge of a bullish trend reversal, but Bitcoin’s resistance at $69,000 could cap the current upward momentum.