Terraform Labs and its founder, Do Kwon, are facing hefty financial trouble after the United States Securities and Exchange Commission (SEC) filed a motion on April 19, demanding $5.3 billion in fines following the commission’s win in its civil Terra-Luna case against the crypto mogul.

Velvet Capital, a decentralized finance (DeFi) asset management protocol backed by Binance Labs, has been forced to temporarily deactivate its website following concerns over a potential phishing attack. 

Celebrity poker player Antanas ‘Tony G’ Guoga won a pot worth just over $300,000 this weekend on the CoinPoker website, beating an anonymous whale in a high-stakes 1000/2000 game.

Ripple has filed an opposition to the Securities and Exchange Commission (SEC)’s demand for $2 billion in penalties.

South Africa’s Financial Sector Conduct Authority (FSCA) confirmed Monday that it has, to date, granted crypto license to 75 institutions.

According to Benchmark’s coverage of Hut 8, a prominent Bitcoin miner with an optimistic “buy” rating and a price target of $12, Hut 8 has a promising future ahead of it.

The Hong Kong Securities & Futures Professionals Association (HKSFPA) advocated establishing a self-regulatory committee within the city’s crypto firms to enhance compliance monitoring on April 22.

Two lawyers from the Securities and Exchange Commission (SEC), Michael Welsh and Joseph Watkins, resigned on April 22 following a federal judge’s sanction and severe criticism of the regulatory agency’s handling of a crypto-related case.

SafeMoon (SFM) CEO John Karony took to X (formerly Twitter) on April 21 to defend his innocence after being charged by U.S. officials with fraud over a multi-million dollar crypto scheme last November.

Presidential candidate Robert F. Kennedy Jr. is committed to transforming the US budget system by adopting blockchain technology. He revealed his plans during a campaign rally in Michigan on April 21, where he explained that the shift would enable Americans to access “every budget item anytime they want, 24 hours a day.”

Mt. Gox is approaching the final phase of its long-anticipated compensation process for creditors. According to an April 21 report shared on Reddit, the defunct exchange is projected to disburse 142,000 Bitcoin (BTC), 143,000 Bitcoin Cash (BCH), and 69 billion Japanese yen ($510 million) by October 2024.

Nadeem Anjarwalla, a Binance executive facing charges in Nigeria who escaped from custody, was recently apprehended in Kenya after fleeing custody while awaiting extradition. Government sources familiar with the matter revealed that Anjarwalla’s arrest came after a concerted effort by law enforcement agencies from Nigeria and Kenya.

OKX, a leading global cryptocurrency exchange, has teamed up with Manchester City to introduce commemorative football shirts that can be minted as Non-Fungible Tokens (NFTs).

Figure CEO Mike Cagney alleged in a Saturday X post that the FTX estate is set to auction off the next lot of its long-awaited locked Solana tokens. 

The world’s leading stablecoin issuer Tether has made a fast start on The Open Network (TON), issuing $60 million worth of USDT since integrating with the blockchain on April 19th. This makes TON the 11th blockchain to host Tether, expanding its reach and offering new options for users.

Encrypted messaging platform Telegram and Tether have joined forces, enabling users to send USDT payments through The Open Network (TON) and the Telegram wallet, as formally announced by the companies’ founders on Friday at Token2049 in Dubai.