Former SEC Branch Chief Explains Why U.S. Has Jurisdiction in Do Kwon Case
Lisa Braganca says the Terraform Labs founder and his team knowingly reached out to U.S. investors, despite being based in Singapore.Source
Matter Labs Has No Plans for zkSync Era Airdrop, But Crypto Twitter Is Speculating
Based on the precedent set by many crypto projects, including this week’s example with Arbitrum’s airdrop of its ARB token, the speculation over a possible zkSync airdrop isn’t totally unfounded.Source
Decentralized Media Via Web3: A Solution to Bias and Trust Issues in News?
Ashley Rindsberg – a speaker at CoinDesk’s Consensus festival – argues that the New York Times has a track-record of dangerous misreporting. Is “DeMe” the answer to what skews to the media?Source
U.S. Accounting Board Seeks Crypto Standards Requiring Firms to Report Price Shifts
U.S. accounting standards may be overhauled to specifically factor in crypto accounting, establishing a fair-value approach that would demand certain digital assets be measured at what they’d go for in the markets, according to a change proposed this week by the Financial Accounting Standards Board (FASB).Source
Do You Believe in (Bitcoin) Magic?
NFTs continued to grow beyond their humble Ethereum roots this week, with Magic Eden becoming the first major NFT marketplace to offer Bitcoin-based collectibles on its platform. Web3 gaming was also in the spotlight, as Sony filed a patent that could make NFTs transferable between different games and consoles. Meanwhile, blockchains Immutable and Polygon announced a major partnership aimed at making it easier for developers and game studios to jump into Web3.Source
A Three Arrows Capital Founder Talks About His New Crypto Bankruptcy Exchange
Less than a year after Three Arrows Capital imploded along with $2.5 billion of its clients’ money, the hedge fund’s founders Su Zhu and Kyle Davies are back on the scene with what appears, to their credit, to be an impressive bankruptcy exchange, but is it too soon?Source
$119M in Stolen Crypto So Far in 2023, NFT Rug Pulls on the Rise: Crystal Blockchain
DeFi protocols have been hackers’ favorite targets since 2021. Now they’re preying on NFT projects too, a blockchain intelligence firm says.Source
Do Kwon Charged, Due in Montenegro Court for Extradition Hearing: AFP
Terraform Labs founder Kwon was arrested in Montenegro on Thursday for document forgery.Source
Here’s Why Crypto Traders Should Be Attentive to ‘De-Inversion’ of Treasury Yield Curve
Treasury curve suggests the widely-anticipated U.S. economic recession is near. Historically, the signal has brought pain to risk assets.Source
ARK Buys the Wells Dip With $17.7 Million COIN Purchase
Coinbase shares tumbled 16% Thursday, after the company disclosed late Wednesday it had received a Wells Notice from the Securities and Exchange Commission.Source