U.S. Government’s Legal Precedents Don’t Support Lengthy Prison Term, Bankman-Fried’s Defense Argues

Sam Bankman-Fried’s lawyers have pushed back against the U.S. government’s sentencing memo which makes the case for why it thinks the former FTX CEO should be handed a sentence in the range of 40-50 years, a court filing on Wednesday shows.Source

Do Kwon’s South Korea Extradition Uncertain After Challenge from Top Prosecutor

Terraform Labs co-founder Do Kwon’s pending extradition to South Korea has apparently been put on ice following a legal challenge issued Thursday by Montenegro’s top prosecutor.Source

Bitcoin Slips to $65K Amid Stronger Dollar, But Analyst Says the ‘Pullback Is Over’

Bitcoin needs to reclaim the $69,000 level to reignite its uptrend, one trader noted.Source

What Happens if the SEC Classifies ETH a Security? (Wrong Answers Only)

The reported move, if confirmed, could have serious ramifications for the blockchain’s developers. But success for the troubled regulator is far from certain and unanswered questions abound.Source

Pixels Crypto Game Fuels Resurgent Ronin Blockchain

This year’s bull market has seen a resurgence of many crypto narratives from yonder cycles, including crypto gaming. In that sector the Ronin network – whose game Axie Infinity reigned over the last gaming moment – is back again.Source

Newly Issued Gaming Token Exploited on Blast With $4.6M Drained

A recently issued gaming token on layer-2 network Blast has been exploited with $4.6 million stolen, according to an announcement in the token’s Telegram channel.Source

Espresso Systems Raises $28M in Fresh Funds, Led By A16z Crypto

The leading shared sequencer firm said it would further invest in its products as well as additional hires.Source

Crypto for Advisors: Understanding The Ethereum Economy

This article examines the advantages of Ethereum as a protocol economy and how one could gain exposure to this breakthrough technology asset.Source

Bitcoin Year-End Price Target Raised to $90K at Bernstein

Source

French Energy Giant EDF Subsidiary Becomes Chiliz Blockchain Validator

Exaion helps industries with digital transformation related to cloud and blockchain with a focus on addressing energy efficiency of data centers.Source