How Changpeng Zhao’s ‘Good Guy’ Reputation Secured a 4-Month Prison Sentence

Judge Richard Jones said he spent the weekend pouring over the voluminous letters of support for the ex-CEO of Binance until the book they were contained in literally fell apart.Source

House’s McHenry Accuses SEC Chief Gensler of Misleading Congress on Ethereum

U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler has been accused of misleading Congress by Rep. Patrick McHenry, the chairman of the House Financial Services Committee, who said Gensler’s agency already knew it considered Ethereum’s ether a security before he attended a hearing and declined to answer that question.Source

Bitcoin Tumbles Below $60K, Risking Deeper Pullback as Crypto Markets Endure Worst Month Since FTX Crash

Recent U.S. economic data could prompt more hawkish forward guidance from the Federal Reserve.Source

Why Eigenlayer’s Airdrop Is Controversial

Although it’s actually conservative.Source

Stablecoin Bill Unlikely to Get Pinned to FAA Reauthorization, Putting Effort On Hold Again

Advocates for long-awaited U.S. stablecoin legislation tried to tie it onto an unrelated must-move reauthorization bill, but leaders in the Senate and House of Representatives are seeking to keep that effort clear of such attachments, according to a Democratic aide.Source

Roger Ver Indicted for Tax Fraud


Crypto’s Transition: Bringing Capital Onshore

Today, offshore firms dominate the list of the biggest cryptocurrency exchanges. Expect the center of gravity to come onshore going forward, says Paul Brody, head of blockchain at EY.Source

Distilling the Tornado Cash and Samourai Suits

There was a lot of news last week, but maybe the biggest news came Wednesday when the U.S. Department of Justice arrested two co-founders of Samourai Wallet, a bitcoin wallet that offered mixing services. The arrest ramps up the federal government’s efforts to tamp down on what it sees as money laundering enabled by privacy tools, and sets up a continuation of that broader conversation on where the right to transact in privacy fits within national security interests.Source

Ether Holds Up Despite Correction in CoinDesk 20: CoinDesk Indices Market Update

All 20 assets in the gauge posted declines over the past week, led by Solana, Cardano, and Aptos.Source

‘It’s Modding, But on Steroids’: Mark Long on the Future of Web3 Gaming

Shrapnel, a blockchain-infused first-person shooter game, is expected to be released in 2025. Its creator gives a preview to Jeff Wilser ahead of his appearance at Consensus 2024.Source