The Block
Quick Take Under the settlement, former CEO Changpeng Zhao will have to pay $150 million, with a third of that paid within the next 30 days, according to the order signed on Dec. 14 by Judge Manish Shah in the U.S. District Court for the Northern District of Illinois.
Quick Take The UK has introduced new regulations for supervising the nation’s Digital Securities Sandbox.
Quick Take The agency instituted “proceedings” for multiple applications on Monday and asked for public input on whether the exchange-traded funds should be allowed to list, according to filings on Monday.
Quick Take UK business clients of Revolut will be able to hold or sell crypto, but not buy new digital assets. Revolut halted service in the U.S. earlier this year amid regulatory uncertainty.
Quick Take Improbable, backed by SoftBank and a16z, has sold its gaming subsidiary, MPG, to Keywords Studios for nearly $100 million. The sale marks a strategic shift for the firm, focusing on expanding and innovating within the metaverse sector.
Quick Take Immutable has launched its web3 gaming “Passport,” which allows players to use identities and assets across multiple platforms. Initially, more than 500,000 users will have access to the tool across five games and marketplaces like “Gods Unchained” and AtomicHub.
Quick Take The move is intended to help solve the difficulty of bootstrapping a validator set on new chains in the Cosmos ecosystem.
Quick Take Ethereum relay provider bloXroute said it will start rejecting transactions containing addresses on the U.S. sanctions list.
Bitcoin options open interest on the CME has hit an all-time high, according to The Block data.An increase in open interest signals higher liquidity and more market participants.
Quick Take Approval of spot bitcoin ETFs in the U.S. looks “nailed on” for January, according to K33 Research. Bitcoin has ranged between $40,500 and $43,500 over the past week amid “pockets of euphoria” in memecoins and alternative Layer 1 tokens, the analysts said.
