Monday April 8, 2024
Bitcoin is starting the trading week back on an upswing.
◾ Terraform Labs and its founder Do Kwon was found liable of defrauding investors in crypto asset securities by a Manhattan jury. (SEC.gov)
◾ The US Commerce Department is providing TSMC (TSM) up to $11.6 billion in loans and subsidiaries to assist the development of new operations in the US. (Reuters)
◾ Canada’s 2024 budget will include a $1.8 billion package to build and provide access to computing capabilities and technological infrastructure for AI firms. (PM.gc.ca)
Government & NGO Actions
◾ The Consumer Financial Protection Bureau (CFPB) released a report identifying financial and privacy risks to consumers in the video gaming market. (ConsumerFinance.gov)
◾ South Korea plans to release its Virtual Asset Listing Guidelines in late April. (News1.kr)
◾ The Philippines said it would not assist customers who fail to remove their assets from Binance within the extended three-month warning period. (Cointelegraph)
◾ South Korea’s Democratic Party vows to remove foreign and domestic ETF restrictions if elected. (Bloomberg)
◾ A federal appeals court revived a class action lawsuit arguing Coinbase (COIN) illegally sold unregistered securities and failed to register as a broker-dealer. (Reuters)
◾ Nigeria transferred its remaining imprisoned Binance executive to a more protective underground cell. (DLnews)
◾ The Supreme Court of Montenegro said it held the final say in determining Do Kwon’s extradition. (Sudovi.me)
◾ China is using AI to create false information and sway US and Taiwan voters. (WSJ)
◾ A federal appeals court is expressing doubt about whether the use of AI by attorneys should be prohibited. (Reuters)
Financial Notices & Public Company Releases
◾ Genesis finished monetizing its GBTC shares and purchased 32,041 bitcoin to repay creditors. (Bloomberglaw.com)
◾ BlackRock’s (BLK) iShares named Citi (C), Citadel, Goldman Sachs (GS) and UBS (UBS) as authorized participants for ist spot bitcoin ETF. (SECfiling)
◾ Core Scientific (CORZ) self-mined 906 bitcoin selling 981 BTC in March. (Businesswire)
◾ Hut8 (HUT) produced 231 bitcoin (5.4 EHs/) in March bringing its BTC on its balance. Sheet to 9,102. (Hut8)
Restructuring, Losses & Legal News
◾ FTX sold ≈$1.9 billion in Solana (SOL) to generate capital for its creditors. (Bloomberg)
◾ The Blockchain Association filed an amicus brief in support of the dismissal of charges against crypto mixer founder Roman Storm. (Theblockchainassociation.org)
AI Announcements
◾ Alibaba (BABA) is slashing cloud pricing up to 59% for US and Singapore customers. (Bloomberg)
◾ Jony Ive and Sam Altman's AI device startup is discussing funding with Emerson Collective and Thrive Capital. (TheInformation)
◾ Meta (META) plans to begin labeling AI generated content as “made with AI.” (Fb.com)
Protocols, Applications & Business News
◾ DWS and Galaxy Digital (GLXY) launched two ETF trackers for bitcoin and Ethereum. (DWS.com)
Exchange, Custody & Product Updates
◾ HashKey launched a regulated crypto exchange in Bermuda. (Hashkey)
Thoughts on the Ecosystems
◾ Larry Ellison of Oracle (ORCL) believes all governments will aim to build their own 'sovereign' AI clouds in the future. (CNBC)