Binance CEO Zhao Calls CFTC Suit an ‘Incomplete Recitation of Facts’

In a blog post, Changpeng Zhao wrote that the company did not agree with “the characterization of many of the issues, and touted the exchange’s compliance technology. He also wrote that he had only two Binance accounts.Source

Judge Puts Voyager Sale to Binance.US on Hold Pending Government Appeal

A federal judge paused Voyager’s efforts to sell its assets to Binance.US in response to the U.S. government’s filing for an emergency stay.Source

UK Treasury Cancels Plans for Government-Backed NFT

Initially proposed in April 2022, the Royal Mint’s plans for an NFT are not moving forward “at this time” but the proposal will remain under review.Source

Bankrupt Crypto Lender BlockFi to Refund More Than $100K to California Clients

The company will distribute more than $100,000 in loan repayment refunds through its servicer to former clients, pending bankruptcy court approval.Source

Bitcoin Sinks Below $27K After CFTC Files Suit Against Binance

BTC dropped to the lowest level since March 17 after the agency sued the crypto exchange for alleged regulatory violations. Binance Coin (BNB)’s price declined by 5%.Source

Former CFTC Chair Giancarlo: A Privacy-Protecting U.S. CBDC Could ‘Take Over the World’

If the U.S. were to design a digital dollar that protects the privacy of its users and is free of surveillance tools, it could reach mass adoption, the Digital Dollar Project co-founder said.Source

Twitter Briefly Suspends Official Arbitrum Account

Twitter’s reasoning remained unclear at press time.Source

Binance Depositors Flee Following CFTC Charges, On-Chain Data Shows

Crypto users have withdrawn roughly $400 million on Ethereum from Binance in the past 24 hours, while Paxos, issuer of the Binance USD, has burned more than $155 million BUSD in the past four hours.Source

First Citizens to Buy Silicon Valley Bank: Bloomberg

Raleigh, N.C.-based First Citizens is the 30th largest bank in the U.S., with $109 billion in assets, and recently completed an acquisition of New York-based commercial lender CIT.Source

ARK Invest Scoops Up Coinbase, Block Shares for Second Straight Day

Cathy Wood’s fund bought COIN and SQ on Thursday and Friday last week after Coinbase tumbled on getting hit with a Wells Notice and Block took a hit following a short-seller’s report.Source