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The defunct cryptocurrency exchange FTX has reached a settlement with the U.S. Internal Revenue Service (IRS), agreeing to pay a $200 million higher priority claim and a $685 million lower priority claim. This agreement stands in stark contrast to the initial claims totaling $24 billion. The payment is scheduled within 60 days after the restructuring plan goes into effect. South Korea or the USA: Where Will Do Kwon Be Extradited?
In late May, Montenegro's Minister of Justice, Andrej Milović, met with a delegation from the U.S. Securities and Exchange Commission (SEC). This visit followed significant developments regarding the potential extradition of Terraform Labs' fugitive founder, Do Kwon. 
Cryptocurrency exchange Binance faces the risk of losing access to the European Union market if French regulators reject the company's application for registration under the new MiCa legislation. A major reason for this could be that Changpeng Zhao (CZ) is the sole owner of the French branch, holding 100% of its shares. 
The WhiteBIT cryptocurrency exchange in collaboration with the Whitepay company, has backed the establishment of the NGO Space Territorial Community Representative Center in Dnipro, Ukraine. This center will function as a coworking space accommodating 25 organizations and community groups. It will offer facilities for various events, consultations, and educational programs. Importantly, the center will have 75 specialists providing psychological support to veterans and families of fallen soldiers. 
The Securities and Exchange Commission (SEC) of the United States secretly investigated Dapper Labs, known for its NFT initiatives, concluding its probe on September 29, 2023. Fortune, an American business publication, disclosed this based on an internal agency document. 
In a move by the bankrupt exchange FTX, between 25 to 30 million SOL tokens have been sold to Galaxy Trading and Pantera Capital for $64 each, according to anonymous sources cited by Bloomberg. This transaction is valued between $1.6 to $1.92 billion, though the exact date of the sale remains undisclosed. 
Will the XRP Price Drop After Settling the SEC Fine?
The ongoing legal battle between the U.S. Securities and Exchange Commission (SEC) and Ripple Labs has escalated to a pivotal phase. The SEC is pursuing a $1.95B fine against Ripple for supposed violations of securities laws. What impact might this have on XRP? Stand With Crypto and US Politicians' Views on Digital Assets
Stand With Crypto is a US-based non-profit organization. It was launched in August 2023 by the crypto exchange Coinbase with a mission to unite the crypto community to voice their opinions on crypto regulations, communicate with policymakers, and influence legal decisions. 
Attorneys for Ryan Salame, a former top executive of the bankrupt crypto exchange FTX, are seeking a sentence of no more than 18 months in prison. They assert that their client had no involvement in the fraudulent activities orchestrated by former CEO Sam Bankman-Fried. 
Cryptocurrency exchange WhiteBIT is set to list the world’s first boxing token, RTF, of the Ready to Fight project, co-founded by renowned Ukrainian boxer Oleksandr Usyk and his coach Serhii Lapin. Trading is scheduled to commence at 10:30 AM (UTC) on April 24, 2024. 
U.S. authorities have indicted trader Avraham Eisenberg for orchestrating a fraud and market manipulation scheme on the decentralized exchange Mango Markets. The reports indicate that in late 2022, he intentionally drove up the price of the MNGO token by 1300%, leveraging it as collateral to secure a $110 million loan he failed to return. 
New FTX CEO John Ray III, overseeing the exchange's bankruptcy, continues to draw a hefty salary of $1,575 per hour. In March 2024, he clocked 231 hours, netting $363,825, which annualizes to approximately $4.36 million, though these figures may vary from month to month. WhiteBIT: A Partner of Paris Blockchain Week and Token2049 Dubai
In April, the tech landscape will be marked by two pivotal events: the Paris Blockchain Week and Token2049 Dubai. These forums are renowned for shaping the Web3 trends for the year. WhiteBIT, a crypto exchange with Ukrainian origins, joins as a partner for both esteemed gatherings. 
Thailand's largest cryptocurrency exchange, Bitkub, is preparing for an Initial Public Offering (IPO) on the local stock market in 2025. CEO Jirayut Srupsrisopa has announced that the company is currently seeking financial advisors to prepare the necessary documentation and facilitate the listing process. 
Over the past few days, decentralized exchange ShapeShift has climbed to the top spot in terms of daily trading volume facilitated by THORChain technology. ShapeShift's average transaction size reaches $123,697, significantly outpacing its competitors (DefiSpot, TS Ledger, THORSwap) by nearly double. The KuCoin Case: A Prelude to Major Cleanups?
KuCoin, serving 30 million users, finds itself at the center of legal scrutiny following allegations by the U.S. authorities. The exchange, along with its founders Chun Gan and Ke Tang, is accused of conspiracy to run an unlicensed money transmitting business and violate the Bank Secrecy Act.