Bittrex Seeks Refund of $24 Million Penalty After SEC's Shift on Crypto Regulations

El Salvador is enhancing its Bitcoin education program with Bitcoin Diploma 2.0, focusing on visual tools and real-world examples to teach complex financial concepts. The initiative follows the country's previous "What Is Money?" program and aims to be implemented in public schools by 2026.

Canaan Inc. acquired a 49% stake in a joint venture linked to mining projects in West Texas from Cipher Mining for $39.75 million in stock. The deal includes Cipher's share in the ABC Projects, with the rest owned by WindHQ. Canaan funded the purchase with 806.4 million Class A ordinary shares.

Arizona lawmakers are advancing legislation to establish a state-managed digital assets reserve fund, allowing the state treasurer to hold, invest, and loan seized cryptocurrency. The bill, SB 1649, cleared the Senate Rules Committee and now awaits a full Senate floor vote.

RedotPay, a Hong Kong-based stablecoin payments company, is planning a U.S. IPO to raise over $1 billion, potentially valuing it at more than $4 billion. The company, which became a unicorn in September last year, has enlisted major banks like JPMorgan and Goldman Sachs for the listing.

Jane Street is accused of insider trading that allegedly contributed to the downfall of Terraform Labs in 2022, resulting in billions of dollars in losses. The lawsuit claims the trading firm used nonpublic information to profit before public announcements, impacting Terra's stability.

The Federal Reserve has initiated a two-month comment period to permanently remove "reputational risk" from its bank supervision rules, replacing it with a focus on "material financial risks." This proposal is seen as a crucial step in addressing concerns raised by crypto advocates and lawmakers.

Jane Street is being sued by the Terraform Labs bankruptcy administrator for allegedly using non-public information to profit during the crypto market's collapse in 2022. The lawsuit claims Jane Street had advance insight into Terraform's liquidity decisions, impacting TerraUSD's dollar peg.

Bitcoin's recent drop to $64,000 is attributed to macroeconomic shocks impacting a leveraged market, not a structural cycle breakdown. Analysts suggest that ongoing pressures, such as trade policy changes and leverage, are influencing the cryptocurrency's price movement.

Eliza Labs' founder believes that current AI models already qualify as artificial general intelligence, with the potential to match or surpass human cognitive abilities. Despite warnings from other AI developers, he does not foresee a single dominant AGI system emerging in the future.

Backpack plans to offer a token allowing users to earn equity in the exchange, with 20% of equity reserved for this initiative. The company aims to improve existing models by providing ownership opportunities through staking their token for at least a year.