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1 year after $11M LUNC bets; Do Kwon wanted, funds paid, hedge stuck on FTX

Terra Luna's former co-founder, Do Kwon, who lost $11 million in the bet, is currently wanted by Interpol and is reportedly hiding in Serbia....

Gensler suggests staking token operators should ‘seek to come into compliance’

The SEC head was speaking impromptu to reporters after a commission meeting when he was asked about a statement made by the CFTC chair.

Blame traditional finance for the collapse of Silicon Valley Bank

Silicon Valley Bank’s downfall was a product of traditional finance — critics shouldn’t conflate the issue with cryptocurrency.

OpenAI co-founder’s ‘World ID’ project launches, along with SDK waitlist

The new IDs will allow users to prove they are unique humans without revealing personal information on websites.

Crypto firms may turn to ‘shadow banks’ following major collapses — Molly White

Speaking at the SXSW conference in Austin, Molly White compared crypto companies' current predicament to that in 2017 and 2018, when they had “trouble...

Meta scraps NFTs on Instagram and Facebook: Nifty Newsletter, March 8–14

Meta discontinues NFT services on Instagram and Facebook, and Binance NFT marketplace adds support for trading NFTs on the Polygon blockchain network.

Swiss National Bank says it will support credit Suisse if necessary

Swiss regulators reaffirm the soundness of the Swiss financial system, following recent concerns about Credit Suisse.

Sam Bankman-Fried petitions court to prioritize reimbursing his legal fees

FTX's legal counsel requested insurers to advance or reimburse Bankman-Fried's defense costs and fees under the company's directors and officers (D&O) insurance.

Senator Warren says Fed chair ‘has to recuse himself’ from reviewing regulatory failures

Jerome Powell called for a “thorough, transparent, and swift review” of the Federal Reserve's supervision and regulatory activities following Silicon Valley Bank's closure.

Salesforce Web3 to help brands build trusted and scalable NFT programs

The platform promised to help companies create, manage, and deploy non-fungible tokens (NFTs) in a trusted, scalable, and sustainable way.
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