2024-04-24

Author

Fernando Fierro
April 24, 2024

Howdy folks,

Binance's ex-CEO, Changpeng Zhao (CZ), is looking at a possible 3-year prison sentence.

The U.S. DOJ is pushing for “meaningful” jail time after CZ admitted to dodging anti-money laundering laws.

Alongside the time behind bars, he might also get hit with a whopping $50M fine. 🏛️

In other news:

🔗📉 The wait for Ethereum ETFs drags on as the SEC has pushed back decisions on applications from big names like Franklin Templeton and Grayscale.

Hopes for a quick approval are dimming, especially with the SEC starting an Ethereum probe.

📱🚨 Over in the Philippines, the Philippines SEC is working to ban Binance from app stores and block access to their websites, claiming unregulated operations pose security risks.

This crackdown is part of a broader strategy to protect local investors from potential scams, particularly after the high-profile collapse of Axie Infinity, which left many Filipinos in financial distress.

🌍🌐 Lastly, the IMF seems to be changing its tune on Bitcoin.

A new report acknowledges Bitcoin's role in helping people bypass capital controls and address economic imbalances, marking a significant shift from their traditionally crypto-skeptical stance.

This has sparked a debate on whether the IMF is genuinely embracing Bitcoin or merely setting the stage for tighter regulations.

DailyCoin Daily Meme

PEPE Jumps Over Dogwifhat For The Third Largest Memecoin Spot Ahead Of Coinbase Futures Listing

High demand in both Spot and Derivatives markets brings PEPE pepe back the third largest memecoin status. PEPE soars 12.9%, surpassing Dogwifhat (WIF).

Scrutiny over the SEC’s Misconduct in a Crypto Lawsuit Heats Up as Two Key Lawyers Forced to Resign

Two key lawyers from the SEC resigned after the agency was sanctioned by federal authorities for mismanaging a crypto lawsuit. Read more on DailyCoin.

BAYC Creator Yuga Labs Draws Flak for Partnering With World Economic Forum

Yuga Labs is in the limelight again, this time being demonized for entering a partnership with the World Economic Forum (WEF). Read more on DailyCoin.

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