U.S. Supreme Court to Hear First Crypto Case Tuesday

The U.S. Supreme Court will hear arguments in its first ever crypto-related case on Tuesday, when lawyers for San Francisco-based crypto exchange Coinbase will attempt to convince the nine Justices to pause a pair of class action lawsuits against the exchange.Source

Coinbase No Longer Supporting Signature Bank’s Signet Network: WSJ

The fate of Signet has been unclear since Signature Bank was shut down by New York State regulators last weekend.Source

First Mover Asia: Bitcoin Is Being Made Great Again

ALSO: Bitcoin’s surge over the past week reflects a “flight to quality,” but liquidity remains an issue.Source

Signature Bank Non-Crypto Related Deposits to Be Assumed by New York Community Bancorp Unit: FDIC

The 40 former branches of Signature Bank will operate under New York Community Bancorp’s Flagstar Bank, N.A., as of Monday.Source

Polygon Partners With Salesforce for NFT-Based Loyalty Program

Salesforce partnership with the blockchain platform marks another major company’s investment into customer engagement initiatives using Web3 technologies.Source

FTX Firms Had $6.8B Hole in Balance Sheet at Time of Bankruptcy

The group of companies had debts of about $11.6 billion against $4.8 billion in assets, according to a presentation filed by its advisers.Source

Animoca Brands Co-Founder: Royalties Make It Possible for NFT Projects to Flourish

The computer gaming firm supports royalties and by removing them, it would only “send the industry backwards, co-founder Yat Siu, said.Source

Former NY Regulator: Crypto Isn’t the Reason Why Signature Bank Was Closed

But instead, the firm did not provide reliable and consistent data, creating a significant crisis of confidence in the bank’s leadership, Maria Vullo, previously a superintendent at the government department, told CoinDesk TV’s “First Mover.”Source

Coinbase Is Weighing Setting Up Non-U.S. Trading Platform: Bloomberg

U.S.-based crypto exchange Coinbase is considering setting up a crypto-trading platform overseas and is discussing the move with institutional clients, Bloomberg reported, citing people familiar with the plans.Source