Gaming Tokens Are Crashing Out—Can the Industry Recover?

The Chinese black market plays a crucial role in laundering billions in crypto for criminal groups worldwide, from North Korean hackers to Mexican drug cartels, according to new research from TRM Labs. The crypto sleuthing firm says there is a need for U.S. authorities to address the significant role of Chinese crime syndicates in facilitating illicit financial activities.

Binance has been approached by several countries seeking advice on establishing national crypto reserves and regulations, signaling a shift in the company's regulatory narrative. CEO Richard Teng believes the US is leading in national crypto adoption, attributing this to crypto-friendly policies under former President Donald Trump.

Ledn, a major centralized crypto lender, aims to expand services in the U.S., focusing on California approvals. The firm, along with Tether, accounted for 90% of outstanding loans in 2021. Ledn foresees market shifts with financial giants like Cantor Fitzgerald entering the Bitcoin financing arena.

Richard Kim, founder of Zero Edge, was arrested for allegedly misappropriating millions of dollars from investors. Kim admitted to losing funds through high-risk crypto trades and reported himself to the SEC.

Treeverse, an Ethereum-based action role-playing game, will kick off its first in-game rewards season on April 19, offering END, IMX, and MON tokens to players. The rewards structure caters to "grinders and high-level players," with various ways to earn rewards.

President Faustin-Archange Touadéra hinted at a future law influenced by the Central African Republic Meme (CAR) token, causing a 20% jump in its market cap to $15.8 million. The blurred document shared by Touadéra suggests the token may be integrated into the country's legal system.

Bitcoin's volatility may calm down, but intermittent dips are expected before it reaches $90,000 again, as per a BRN analyst. The cryptocurrency has remained stable around $85,000, influenced by factors like Trump's tariffs and the Federal Reserve's cautious approach.

Ethena and Securitize plan to utilize Arbitrum's technology and Celestia data network for their Ethereum-compatible blockchain, Converge, aiming for a Q2 mainnet launch. The Converge chain will offer fast blocktimes, gas fee payments through USDe and USDtb, and security via the Converge Validator Network.

AI agents are revolutionizing Web3 by optimizing yields, securing protocols, and scanning markets. However, the challenge lies in the computing power required to run these agents at scale across decentralized networks. Projects have developed new systems tailored for Web3's unique challenges, making AI agents viable.

A 60-day stay was granted in the case between state attorneys general and the SEC, following a leadership transition. The lawsuit accused the SEC of overstepping its authority by targeting crypto firms without proper rulemaking.