Markets
A16z's much-hyped orange balls found to be L2 rollup clients
A series of cryptic tweets depicting orange balls has been revealed to be hyping a new rollup client for Optimism (OP) called “Magi” from the crypto arm of venture capital firm Andreessen Horowitz (A16z).Wayne IngramMidjourney, other AI developers fight back in court, claiming their material doesn't resemble the artist
Midjourney, Stability AI, and DeviantArt published a response on April 18 to a group of artists who have accused them of widespread copyright infringement.Jerry McNeillTreasury reportedly revives blockchain task force, Coinbase helps UK at Web3 hub
The UK could “accelerate” its crypto industry and become an “innovation hub for the Web3 economy,” as part of a vision laid out by cryptocurrency exchange Coinbase.James DeanGary Gensler refuses to answer whether ETH is a security
Patrick McHenry, chairman of the U.S. House Financial Services Committee, directly criticized the SEC and its leadership on digital assets during an oversight hearing.Christopher SmithFed Governor Says There's 'Promise' for U.S. Wholesale CBDC, But Retail 'Unthinkable'
U.S. Federal Reserve President Michelle Bowman gave a speech at Georgetown University on April 18 to “offer a perspective” on central bank digital currencies.Wayne IngramBitcoin Dominance Crushed by ETH's Post-Shapela Rally
Ethereum Prices have breached the psychological $2,000 level following this week's Shapella upgrade, with bitcoin falling as a result market dominance.Craig GreenRep. Davidson Introduces Legislation to Fire SEC Boss Gensler for Crypto Overextension
U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler could face job losses after U.S. Representative Warren Davidson announced he would pass legislation to fire the SEC chairman.Hallie GillHong Kong Woman Loses Life Savings in Cryptocurrency Scam
A 55-year-old Hong Kong resident has reportedly lost his entire savings worth almost HK$7 million (approximately US$900,000) after falling victim to an online cryptocurrency investment scam.Jerry McNeillOnly 24% of Americans Have Confidence in the Security of Cryptocurrencies
A study by the Pew Research Center determined that the majority of U.S. residents (88%) have at least a basic understanding of cryptocurrencies.Sherry CantwellOpenBazaar marketplace says it will 'rise from the ashes'
Decentralized marketplace OpenBazaar appears poised to make a comeback after being shut down more than two years ago, according to some social media and GitHub updates.Christopher SmithHashKey launches wealth management service, citing 'huge' demand
Hong Kong-based digital asset firm HashKey Group has launched a new wealth management platform for professional and institutional investors.Cornell RachelCrypto Lender Amber Group Considers Selling Japanese Subsidiary
Singapore-based cryptocurrency lender Amber Group is considering selling its Japanese subsidiary as part of its plan to focus more on institutional rather than retail businesses, according to Bloomberg.Wayne IngramCelsius Reportedly Prepares to Sue Creditors for Leaking Inside Information
Bankrupt cryptocurrency lender Celsius Network intends or may consider legal action against cryptocurrency blogger and Celsius creditor Tiffany Fong for leaking inside information, a court filing indicates.James DeanBlockchain Platform for Trading Securities OTC Receives SEC Approval
A Delaware company is seeking to register with the U.S. Securities and Exchange Commission (SEC) for on-chain over-the-counter (OTC) stock trading.Hallie GillPolygon Calls on EU Lawmakers to Address Smart Contracts in Data Law
Polygon Labs, the central company behind the development of Ethereum’s layer 2 scaling solution Polygon, has called on policymakers in the European Union to “clarify” the scope and intent of legislation targeting smart contracts.James DeanElon Musk to launch TruthGPT, an artificial intelligence platform
cording to a Fox News report on April 17, Elon Musk told Fox anchor Tucker Carlson that he is developing a ChatGPT competitor called "TruthGPT," which is a large language model (LLM), Musk said.Barry StidhamMicroStrategy's Saylor Fuses Work Email Addresses with Bitcoin's Lightning Network
The Lightning Network has been integrated into the corporate email address of Michael Saylor, the co-founder of bitcoin bull and business intelligence software firm MicroStrategy.Christopher SmithUAE Federal Financial Regulator Opens Applications for VASP Licenses
The federal financial regulator of the United Arab Emirates (UAE) has announced that it will start receiving license applications from companies looking to offer virtual asset services in the country.Cornell RachelDo Kwon's lawyers received $7 million before Terra collapsed
South Korean prosecutors have confirmed that Terraform Labs CEO Do Kwon wired 9 billion won ($7 billion) to top South Korean law firm Kim & Chang just before the Terra ecosystem collapsed.Christopher SmithRipple Launches Liquidity Hub for Enterprises to Bridge Crypto Liquidity Gap
Fintech firm Ripple has launched a liquidity solution for businesses to bridge the gap between cryptocurrencies and fiat currencies. The Ripple Liquidity Hub launched on April 13 following a successful pilot last year.Martha Grizzard
