Weekly Top Crypto News (March 20 – March 26)

This is a week for Arbitrum, as Ethereum’s top layer 2 project attracts the attention of the crypto community. Here, let’s review this week’s top crypto news with Coincu!

Arbitrum ARB Token Trading Goes Live

Recipients of the Arbitrum airdrop have begun claiming their tokens, giving them governance powers on the DAO that will control the Arbitrum One and Nova networks.

SEC Sues Justin Sun And Celebrities For Securities Law Violations Since 2018

The SEC has filed a lawsuit against TRON founder Justin Sun and other institutions for allegedly selling securities illegally. The securities named are the two coins TRON and BitTorrent. The agency also charged eight celebrities with promoting TRX.

Terra Founder Do Kwon Arrested At Montenegro Airport

According to the Montenegrin Interior Minister’s Twitter account, Montenegrin police have detained Do Kwon, the founder of Terra, for falsifying documents. South Korea, the US, and Singapore have also requested his detention. Kwon, one of the most wanted fugitives, is behind more than $40 billion in losses.

zkSync Era Mainnet Alpha Now Launched On Ethereum

Layer-2 solution zkSync has suddenly announced the launch of zkSync Era, the first zkEVM platform to open on Ethereum. zkSync Era will support Account Abstraction from the start.

Binance Spot Trading Temporarily Suspended Due To A Bug In Trailing Stop Order

Binance has announced that all spot trading has been temporarily suspended due to a technical issue. The exchange is aware of the problem and worked to resolve it immediately.

SEC Issues Legal Threats To Coinbase Over Staking Services

Coinbase has recently received a “Wells notice” from the U.S. Securities and Exchange Commission (SEC) regarding an unspecified portion of its listed digital assets, staking service Coinbase Earn, Coinbase Prime, and Coinbase Wallet.

Over 1 Million Space ID Tokens Sent To A Big Airdrop Hunter Wallet

An individual has received over a million Space ID Tokens from thousands of addresses. If sold at the current market price, they could potentially earn over half a million dollars. Previously, Binance Launchpad opened the registration channel for the Space ID project.

Immutable And Polygon Join Forces For Web3 Gaming

Immutable and Polygon have announced a strategic partnership to accelerate the development and adoption of web3 gaming. The partnership will introduce Immutable zkEVM, the future of gaming, with unlimited creativity and potential, simple turn-key solutions, greater flexibility, EVM compatibility, and an unrivaled gaming and web3 experience.

Top Korean Singer GD Will Launch The New NFT Collection With 13,444 Pieces

G-Dragon, better known as GD, one of the most prominent Korean artists, has recently released a new NFT (Non-Fungible Token) collection.

FTX Estate Recovers $460M In Assets In Ongoing Bankruptcy Case

FTX estate filed a motion to recover $460 million in assets from Modulo Capital, a hedge fund that received $475 million in seed capital from Alameda Research. Following constructive negotiations, the agreement with Modulo Capital is expected to recover over 99% of its remaining assets, including $404 million in cash. The recovered assets represent a significant clawback from the hedge fund and a major victory for the stakeholders in the ongoing bankruptcy case.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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Harold

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