Ripple Cancels Plan to Buy Fortress Trust

“While this outcome is different from what was originally planned, we’ll continue to support them and hope to work together in the future,” said CEO Brad Garlinghouse.Source

Banking Giants Abuzz About Tokenization of Real-World Assets as DeFi Craves Collateral

JPMorgan, Citi and Franklin Templeton are digitizing traditional assets. Will they end up trading on crypto networks like Ethereum?Source

Crypto for Advisors: AI – Friend or Foe to the Advisor?

Jordi Visser from Weiss Multi-Strategy Advisers discusses the impact AI could have on investing and what to watch out for.Source

Examining dYdX’s Path to Profitable DeFi

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Using Proof-of-Stake for a Decentralized Credit Bureau

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Europe’s Crypto Industry Wants Staking Clarity as Regulations Loom

The EU and UK may both be contemplating new rules to cover crypto staking — as regulatory action in Switzerland and Singapore offers a cautionary tale.Source

Gemini Pulled $282M Earn Users’ Funds From Genesis Last Year to Protect Customers

Gemini said it elected to increase its liquidity reserves owing to the market turmoil throughout the summer of 2022, following events such as the collapse of the TerraUSD stablecoin.Source

Major TradFi Player VanEck Readies Ethereum Futures ETF

VanEck Ethereum Strategy ETF (EFUT) will invest in ETH futures contracts traded on commodity exchanges registered with the CFTC.Source

SEC’s Gensler Throws More Crypto Punches in Congressional Hearing

U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler continued his combative stance against crypto “hucksters” in congressional testimony on Wednesday, declining to answer the industry’s most urgent questions while arguing that digital assets companies have been dangerously careless with customer assets.Source