Prometheum announces Ether (ETH) as its first crypto custody offering, Tether's (USDT) market dominance raises concerns amid regulatory scrutiny, CleanSpark plans to double its hash rate with new mining facilities ahead of Bitcoin's halving event, Fireblocks lays off 3% of its workforce amid restructuring, and Bitsonic's CEO receives a seven-year prison sentence for stealing $7.5M of customer deposits, while Thailand boosts its digital asset hub ambitions by eliminating value-added taxes on crypto trading.

Vast Bank exits the crypto industry and shuts down its mobile app following regulatory pressures, Singapore-based Oobit's token surges after a $25M funding round, Solana blockchain recovers from a major outage, South Korean prosecutors arrest Haru Invest executives over a nearly $830M crypto embezzlement, and a new website, OnlyFake, challenges crypto exchanges' KYC processes by generating fake IDs through AI.

Bankrupt crypto exchange FTX seeks to sell its stake in AI firm Anthropic to repay customers, Ethereum's NFT market share drops as Bitcoin and Solana rise, Terraform Labs' former CFO extradited to South Korea facing fraud charges, the SEC settles with the founder of a fake crypto hedge fund, GoDaddy partners with Ethereum Name Service for domain integration, and South Korea proposes regulatory approval for new crypto company executives.

Genesis Global agreed to a $21M settlement with the SEC over securities law violations, crypto exchange OPNX announced its shutdown following a significant price drop in its tokens, Binance faces challenges re-entering the U.K. market due to regulatory concerns, Polygon Labs announced a 19% workforce reduction, Hong Kong set a deadline for crypto firms to apply for a license, and Tether launched an educational arm, Tether Edu, to foster blockchain talent.

Families of Hamas attack victims have sued Binance for allegedly facilitating the group's violence, while the crypto exchange previously admitted to allowing transactions by terrorist groups and agreed to a $4.3B fine and leadership changes after U.S. charges; Ether experienced significant price volatility, reaching a 20-month high; Celsius Network exited bankruptcy, transforming into a Bitcoin mining company; the U.S. will track crypto mining companies' electricity consumption; DZ Bank in Germany plans to pilot a retail crypto trading service; and Bybit applied for a license in Hong Kong to offer crypto trading services to retail investors.

FTX abandons plans to relaunch its crypto exchange due to high costs, Ripple's XRP price drops following a hack, Terraform Labs files for bankruptcy to appeal SEC lawsuit, the SEC seeks to dismiss its lawsuit against DEBT Box after misleading statements, Coinbase hires former U.K. Chancellor George Osborne to combat regulatory challenges, and Block begins layoffs as part of a workforce adjustment plan.

Binance introduces a new custody option allowing institutional clients to keep assets at independent banks, Coinbase implements a conversion fee for large USDC transactions, and Visa partners with Transak for direct crypto withdrawal and payment services, while Uncorrelated Ventures raises $315M for a new fund targeting infrastructure software startups in traditional and crypto sectors.