Venture capitalists at Andreessen Horowitz (a16z) could control at least 41.5 million and likely over 55 million Uniswap (UNI) tokens. Globally, there are 753.7 million circulating UNI, and if a16z does indeed hold this number of tokens, it would allow the firm to unilaterally reach quorum for voting on Uniswap proposals.

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New crypto projects have been advised to postpone their launches by up to six months after the collapse of Sam Bankman-Fried’s (SBF) Alameda Research sapped liquidity across major tokens by up to 50%.

Applications tailed off toward the back end of 2022 as SBF’s major market maker imploded, taking billions of dollars in liquidity with it.

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The Securities and Exchange Commission (SEC) is proposing a modification to the custody rule for investment advisors holding client assets that would reduce choices for advisors managing cryptocurrencies.

The rule expands the requirements to all client assets, rather than just securities and funds. This would require all adviser-held assets to sit with a qualified custodian — generally, a bank, trust company, broker-dealer, futures commission merchant, or some foreign financial institutions.

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Now-bankrupt Ponzi scheme Celsius Network has reached a deal with NovaWulf Digital Management LP to sell its crypto platform, in an ongoing bid to refund customers.

Celsius must still seek the approval of bankruptcy court, as well as the blessing of the majority of its customers, before the deal can go through. If all goes to plan, users can expect a share of their trapped crypto on the platform to be returned in bitcoin and ether.

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Ransomware scammers in the US have incorporated the classic gore-filled videogame Mortal Kombat into their latest attempts to relieve unlucky victims of their bitcoin.

As reported by PCMag, the attack targeted Windows computers via emails purporting to be from crypto wallet and payment platform CoinPayments. The emails informed users that their attempted payments “timed out” before a malicious ZIP file locked their computers and presented a Mortal Kombat-themed ransom note.

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Billionaire Ken Griffin’s behemoth Citadel Securities has declared a 5.5% stake in Silvergate Capital worth around $25 million, according to a new filing with the Securities and Exchange Commission.

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Robinhood made waves in 2013 by offering free shares in companies for new customers and gamifying complicated options contracts. In 2020 and 2021, covid restrictions and US government checks to citizens created the perfect climate for the broker, with gambling on stock markets rising in simplicity and popularity. Streamers, TikTokers, and YouTubers went full “not financial advice” on their audiences.

Ever since February of last year, however, it’s become abundantly clear that Robinhood picked the wrong time to go public — and the broker is struggling.

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Rumors are circulating that the Securities and Exchange Commission (SEC) will soon issue an enforcement notice to Circle over its stablecoin USDC.

The move comes as part of the SEC’s current crackdown on stablecoins and follows its enforcement letter to Paxos, demanding the exchange stop minting Binance stablecoin BUSD because it may be a security.

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