Top news of the week
Coinbase Could Face SEC Enforcement Action For “Possible Securities Law Violation”
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FTX’s debtors agree to sell Mysten Labs shares for $95 million.
Amid FTX bankruptcy proceedings, the debtors of the defunct cryptocurrency exchange have approved a deal seeking to sell $95 million worth of preferred stock in Mysten Labs, the company behind the Sui blockchain. Court approval is still pending, as are other potential bids for the stock. In a related headline, FTX is seeking to recover $460 million of his allegedly embezzled client funds from venture capital firm Modulo Capital, which was heavily invested by Alameda Research last year. The investment was reportedly directed by his Sam Bankman-Fried, who faces multiple counts in federal court related to alleged fraud during his CEO days.
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Do Kwon to be charged with fraud by US prosecutors hours after arrest
Just hours after being arrested in Montenegro, Terraform Labs CEO Do Kwon has been sued by US prosecutors in New York on eight separate counts, including involvement in commodity fraud, securities fraud, wire fraud, fraud and market manipulation. was indicted from Kwon is also facing criminal charges in Montenegro for allegedly falsifying travel documents, according to reports. South Korean prosecutors issued an arrest warrant for Kwon last September, and a red notification list was issued by Interpol a few weeks later. The charges against him relate to his alleged role in the collapse of his $40 billion Terra Luna Classic token and his TerraClassicUSD stablecoin in May 2022.
Mastercard settles stablecoin wallet transactions in APAC
Celsius Custody Account Holders Can Receive 72.5% Of Cryptocurrencies, Bankruptcy Judge Says

winner and loser

Bitcoin for the weekend (Bitcoin) is $27,157,ether (ethereum) and $1,734 and XRP and $0.41The total market capitalization is $1.15 trillion, according to Go to Coin Market Cap.
Among the 100 largest cryptocurrencies, this week’s top three altcoin risers are The Mask Network. (mask) 24.22%, flare (FLR) 22.23% and XRP (XRP) at 11.89%.
This Week’s Top 3 Altcoin Losers Are Arbitrum (ARB) -89.76%, unchanged (IMX) -25.82% and Toncoin (tons) -15.12%.
For more information on crypto prices, be sure to read Cointelegraph’s market analysis.
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most memorable quotes
“What has happened in the last few months just shows that Bitcoin enthusiasts and Bitcoin Maxis were right all along.”
Paolo AldoinoChief Technology Officer of Tether
“It’s not crypto vs Goldman Sachs or crypto vs institutions. It’s a race to see who can handle crypto better.”
“Stablecoins will play a pivotal role in the new financial system and will be the core of bridging the worlds of traditional and decentralized finance.”
Daniel LeeStable Chief Operating Officer
“A central bank digital currency is about monitoring Americans and controlling their behavior.”
Ron DeSantisGovernor of Florida, USA
“Bitcoin was designed as a response to Lehman Brothers in the 2008 financial crisis. It was designed because we cannot trust central authorities.”
Pascal GautierLedger CEO
“We are in grave danger of the entire strategic technology sector moving away from U.S. leadership.”
Jeremy AllaireCEO of Circle
Forecast for the week
Analysts Explain Bitcoin Will Likely Outperform All Crypto Assets After Banking Crisis
The banking crisis will trigger the start of the next crypto bull market, with Bitcoin likely to overtake all other cryptocurrencies, according to Mike McGlone, senior commodity strategist at Bloomberg Intelligence. there is a possibility.
The US economy is in recession as the US Federal Reserve is hesitant to ease monetary policy despite the banking crisis, McGlone said. This macro environment ultimately favors Bitcoin and outperforms all other cryptocurrencies.
“There are signs that Bitcoin is taking off as the S&P 500 could fall below 4,000 as much as Bitcoin can sustain above $25,000,” McGlone noted. I think it outperforms virtually all cryptos including,” he concluded.
FUD of the week

US Senator Ted Cruz tries again with new bill to block CBDC
Hindenburg Research reports blocking of short positions
European banks head into another uncertain weekend as default risks surge
European banks faced a new weekend of fear over their futures as Deutsche Bank shares plunged on the New York Stock Exchange on March 24 after a down day in the Frankfurt market. German bank stocks were affected by higher premiums against potential default risk. The 5-year credit default swap rose on the week and closed at 222 basis points on Friday. Concerns about European banks extend beyond Deutsche Bank. European shares of Commerzbank, Societe Generale and UBS also fell in European trading.
Best Features of Cointelegraph

Best and Worst Countries for Crypto Taxes — Crypto Tax Tips
Residence tax expert Elias Ahonen examines the best and worst countries in the world when it comes to cryptocurrency taxes. Where are the US and UK ranked?
Creating ‘Organic’ Generative Art from Robot Algorithms: Emily Xie, NFT Creator
US enforcement agencies heat up on crypto-related crimes
Recent high-profile indictments by the Justice Department and cooperating agencies suggest the federal government intends to aggressively pursue suspected cryptocurrency criminals in the United States and abroad.
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