FTX-Linked Farmington State Bank Slapped with Fed Enforcement Action

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How Is Tokenization Impacting Investing?

Decentral Park’s Kelly Ye provides an overview of what tokenization is and how will it affect the investment landscape.Source

Coinbase, Tarred as an Illicit Exchange by the SEC, Quietly Got Regulated Elsewhere in the U.S.

As Coinbase Inc. (COIN) scraps with the U.S. Securities and Exchange Commission (SEC) on its right to exist as an exchange, the company has achieved an unprecedented milestone in U.S. oversight by winning approval to handle customers’ buying and selling of crypto futures.Source

Ethereum ‘Restaking’ Takes Shape as Next Big Trend in Blockchain Security

EigenLayer’s platform for “restaking” is designed to extend Ethereum’s pooled security from ETH stakers to other blockchain systems – a way for developers to bootstrap new networks without having to create their own communities of network validators.Source

Sam Bankman-Fried Is Now in Jail

It’s a bit of a truism in journalism that any headline that ends in a question that can be answered with “yes” or “no” will usually be answered with “no.” A few weeks ago, however, I asked “Is Sam Bankman-Fried Going to Jail?” and in a rejection of that truism, the answer was “yes.”Source

Avalanche Foundation Provides $3M in AVAX Tokens to Dexalot

The grant is part of Avalanche’s Multiverse initiative, an incentive fund that aims to push the growth of new subnets.Source

Just-Launched Sei Blockchain’s New Token Plunges 24% After Airdrop

Complaints flooded X (formerly Twitter) about the scantiness of the new SEI token allocations to early adopters, as many recipients apparently moved to dump their holdings on the market.Source

UK ‘Travel Rule’ Won’t Completely Nix Transfers to Noncompliant Places, FCA Says

Companies such as PayPal are already halting their crypto payments services in the country as a result of tighter regulations.Source

Tether Stops Support for Bitcoin Layer Omni Citing Lack of Demand

Stablecoin issuer Tether has announced that it will discontinue support for Omni, a Bitcoin layer that has been used for USDT transfers since 2014.Source

First Mover Americas: Bitcoin Drops to Lowest Level Since June

The latest price moves in bitcoin (BTC) and crypto markets in context for August 17, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.Source