Ether’s price dropped to its lowest price compared to bitcoin since July 2022 as the launch of futures-based ETH ETFs attracted meager interest from investors.Source
Security and risk checks were “poor” at the company, but the implosion of the trading firm came as a surprise to insiders.Source
“He poured money — other people’s money — into investments to make himself even richer,” the prosecutor said in opening arguments.Source
In this week’s issue of The Protocol, we highlight layoffs hitting key firms as well, and how blockchain projects are competing for new mandates – specifically big Ethereum layer-2 developers like OP Labs, Polygon and Matter Labs vying to provide the technology for the Celo blockchain’s new networkSource
If your defense is “I didn’t know what was happening,” don’t dress like a competent person.Source
Erik Anderson of Global X explains how volatility – something many investors are scared of – can be a very good thing in crypto.Source
CoinDesk’s Amitoj Singh interviews a senior executive at DBS, the Singapore-based bank moving into digital assets.Source
Ripple’s Singapore arm has secured a license as a major payments institution from the Monetary Authority of Singapore, the company said, allowing it to keep providing digital payment token services in the fast-growing region.Source