Do Kwon Arrested And More

After being charged with multiple law enforcement agencies and reportedly being on the run, Terraform Labs founder Do Kwon was finally arrested this week in Montenegro. Let’s find out more. 

Bitcoin

ARK Invest CEO and BTC supporter Cathie Wood believes that major institutions will turn to Bitcoin amidst the U.S. banking crisis. 

In the recently released annual Economic Report of the President, Bitcoin was compared extremely unfavorably with the U.S. government’s choice of a central bank digital currency (CBDC).

A member of Texas’s House of Representatives has introduced a resolution to support the Bitcoin economy in the Lone Star State. 

Ethereum

Matter Labs has announced the launch of the first-ever permissionless zkEVM mainnet, called zkSync Era. 

DeFi

A disagreement between the founders and developers over the new LLAMA token resulted in the forking of the DefiLlama blockchain on March 19. 

The team has since resolved the conflict and assured users that the platform will continue to operate as usual.

Crypto Twitter played spectator to an interesting interaction between the North Korea-linked Lazarus Group and the hacker behind the Euler Finance exploit. 

Altcoins

With more than $2 billion in trading volume in the first 24 hours, the $ARB token has finally dropped onto exchanges after a turbulent launch.

The Solana Foundation recently published its Validator Health Report for 2023, in which it lays out how it has evolved in how it measures the health of its validators.

Business

Nasdaq Inc. is taking its first steps into the world of crypto by launching its custody service for digital assets by the end of Q2.

The crypto trading platform eToro has successfully raised $250 million in funding at a total valuation of $3.5 billion. 

Crypto exchange Kraken has announced that it will suspend the Automated Clearing House (ACH) deposits and withdrawals as early as 27th March 2023. 

Cryptocurrency exchange OKX has announced that it will shutter its operations in Canada by June 2023 due to growing regulatory issues arising in the country. 

Regulation

Do Kwon, co-founder of Terraform Labs, has reportedly been arrested in Montenegro for his role in the collapse of the Terra ecosystem.
After being served with a Wells notice by the SEC, the crypto platform Coinbase released a public statement calling out the regulator for being “unreasonable.” 

Ron DeSantis, the governor of Florida and a presidential hopeful, has proposed a new bill to oppose CBDC.

The FDIC announced on March 19 that Michigan-based Flagstar Bank would take over Signature Bank’s deposits and loans.

SEC chairman Gary Gensler continues cracking the whip on crypto. 

With banks on the edge of a meltdown and Bitcoin about to embark on its bull market, has SEC chair Gensler been told to bring Coinbase down?

The SEC has recently filed charges of securities law violation against TRON Foundation founder Justin Sun.

It has emerged that some Binance employees and trained volunteers are helping users based in China to circumvent the country’s KYC requirements. 

Web3

A recent trademark filing reveals that the Japanese tech company Fujitsu is reportedly looking into offering crypto trading services. 

Web3 gaming company Immutable has entered a strategic alliance with Layer-2 blockchain platform Polygon to create a new Ethereum scaling network.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.