Crypto News Weekly Recap 📰

Paradigm
Paradigm
Published in
2 min readNov 28, 2023

21st November — 28th November

▫️ Binance settles for $4.3 billion with various regulatory bodies, and CZ resigns as CEO.

▫️ SEC alleges that Kraken operates as an unregistered securities exchange.

▫️ Tether freezes $225 million in stolen USDT linked to an international crime syndicate.

▫️ Wyoming Stable Token Commission seeks information and proposals for their stablecoin.

▫️ Coindesk is acquired by Bullish, a centralized exchange.

▫️ Bittrex Global announces winding down operations.

▫️ UK investment funds receive approval for tokenization.

▫️ South Korea plans to launch a digital currency pilot involving 100,000 citizens.

▫️ Do Kwon’s extradition to South Korea and the US is approved by the Montenegro court.

▫️ KPMG and Chainalysis join forces to combat rising crypto crime in Canada.

▫️ Genesis seeks to recover $689 million of ‘avoidable transfers’ from Gemini in an ongoing legal battle.

▫️ KyberSwap offers a 10% bounty to a hacker following a $47 million exploit.

▫️ Spooky suffers a frontend exploit, resulting in a $5,000 theft.

▫️ Blast, a preannounced L2, is promoted as a native yield, taking deposits and controlled by a multisig.

▫️ Circle bridges USDC standard, allowing L2s to deploy with the option to later upgrade to native issuance.

▫️ dYdX plans to unlock $500 million of tokens, representing 30% of the total supply.

▫️ Cosmos community approves capping Atom inflation rate at 10%.

▫️ PancakeSwap’s governance proposes a $veCAKE launch to boost governance liquidity.

▫️ Privy secures $18 million in Series A funding.

▫️ Panoptic raises $7 million in funding for building a perpetual options platform.

▫️ Chainwire’s De.Fi product hits its goal of $5 million in a funding round.

▫️ CoinGecko acquires NFT data startup Zash in its first acquisition.

▫️ ETHGlobal announces Istanbul hackathon finalists.

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