Ripple Starts Platform for Central Banks to Issue Their CBDCs

The firm will also showcase a real estate tokenization product as part of Hong Kong Monetary Authority’s e-HKD pilot.Source

G-7 Must Take Charge in Ending ‘Lawless’ Crypto Space, FATF Chief Says

President of the global financial crimes watchdog, T. Raja Kumar, urged G-7 leaders to “effectively” implement FATF’s crypto anti-money laundering norms ahead of their meeting this weekend.Source

U.S. Bitcoin Corp to Host 150K Crypto Mining Rigs

The contracts are the latest in a series of moves indicating the mining industry is getting back on its feet.Source

FTX Units Sue Embed Shareholders, Seek to Retrieve $6.9M

Alameda alleges that Bankman-Fried and other insiders paid Embed misappropriated FTX funds in late September 2022, only weeks before the crypto exchange filed for bankruptcy.Source

Lido Community Members Propose LDO Token Staking and Buyback Plan

The proposal includes a revenue-sharing parameter that would redirect 20-50% of “future Lido DAO revenue from the protocol treasury to stakers of $LDO.”Source

Crypto Observers Decode Large Block Trade in Ether Options

Debate rages on whether the large ether options flow witnessed on Tuesday represents a bet on return of volatility or a rollover of a “covered call” strategy.Source

U.S. Court Asked to Reverse Decision to Not Appoint Independent Examiner in FTX Bankruptcy

A Delaware bankruptcy court judge denied a motion to appoint a neutral examiner to avoid a lengthy and costly investigation that would slow the progress of the bankruptcy proceedings.Source

StanChart-Backed Zodia and LMAX Digital to Provide CoinShares With Crypto Trading Infrastructure

LMAX Digital and Zodia Custody are to provide institutional-grade trading infrastructure and custody to CoinShares.Source

Indian Authorities Asked to Restore Crypto Exchanges’ Access to UPI

India’s government and central bank have received proposals asking to restore access of the Unified Payments Interface (UPI), a widely popular real-time payment system, to the crypto industry.Source

Axie Infinity’s Token Jumps 12% After Firm Lists Game on Apple App Store

The dollar valued locked in the open futures contracts tied to AXS has surged to highest since February, signaling an influx of new money into the market.Source