Taiwan Crypto Regulation Gets Going With First Reading of Digital Asset Bill

The bill sets the groundwork for defining what a virtual asset is and how exchanges should operate in Taiwan.Source

Arbitrum Foundation Says ‘Orbit’ for Layer-3 Networks Now Ready for Mainnet

Orbit is a program for developers to spin up their own layer-3 blockchains atop Arbitrum, which in turn is the largest layer-2 network atop the Ethereum blockchain.Source

FTX Moves Millions Worth of LINK, MATIC, AGLD to Coinbase as Sam Bankman-Fried Testifies

The latest transactions followed $19 millions worth of crypto moved from FTX cold wallets to exchanges.Source

Billionaire Ken Griffin’s Citadel Securities Denies ‘Ridiculous’ Claim That It Tanked Do Kwon’s Terraform

Citadel said the claims by Terraform was filed to “deflect attention” from its alleged charges.Source

What Happens to GBTC Discount When FTX Sells its Holdings?

It’s possible the SEC could approve a spot ETF before any sales, taking discount worries off the table.Source

The Hamas Funding Story Is Why Crypto Is Sick of the Mainstream Media

Erroneous reports of crypto funding Hamas are yet to be corrected by the WSJ. No wonder people in the Web3 distrust the role of reporters in establishing truth in the world.Source

U.S. Lawmakers Lummis, Hill Urge DOJ Decision on Charging Binance, Tether for Aiding Hamas

U.S. lawmakers Senator Cynthia Lummis (R-Wy.) and Rep. French Hill (R-Ark.) have urged the Department of Justice to “expeditiously conclude” investigations and reach a decision on charging Binance and Tether for aiding terrorism financing for Hamas.Source

Bitcoin Primed for ‘Supply Shock’ as Exchange Balance Drops to 5-Year Low, Analyst Says

A spot ETF approval could fundamentally alter bitcoin’s supply and demand dynamics as professional investors would allocate to BTC as an uncorrelated asset, Forex.com’s Matt Weller told CoinDesk TV.Source