Eversheds Sutherland Files for Property Rights Over FTX.com Customer Assets

Lawyers asked the court for an early stage summary judgment, to ring-fence FTX assets frozen in the accounts of non-U.S. customers.Source

Federal Reserve Says Custodia’s Plans Would Endanger Itself and the Crypto Industry

The Federal Reserve Board argued that Custodia Bank’s proposed business model was “inconsistent” with approval in an order explaining its denial of the Wyoming-based crypto bank’s application for membership.Source

Bankrupt Crypto Lender BlockFi Given Go-Ahead for Sale of $4.7M of Mining Rigs

BlockFi filed for bankruptcy in the wake of FTX’s collapse.Source

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