Newsletter May 10, 2023
Hong Kong Warns 'Regulations Will Be Tight' As It Opens Doors To Crypto Companies In June

Hong Kong has had very tight cryptocurrency regulations over the past few years, but these have reportedly been reduced to a much lower, "reasonable and sustainable level.


Paypal Reveals Over 50% Increase In Cryptocurrency Holdings In Q1 2023

PayPal treats its crypto assets as a "safeguarding liability" because of the "unique risk associated" with it.


Sam Bankman-Fried Asks Court To Toss Most FTX Criminal Charges

Sam Bankman-Fried's lawyers argued that six charges filed against him are "too vague" and have "legal flaws."

Shaquille O'Neal Claims FTX Lawsuit Still Not Served, Summons Were 'Tossed' At His Moving Car

Shaquille O'Neal and his legal team alleged that the way he was served with court papers was "inadequate," and asked the judge to dismiss the lawsuit against him.

Grayscale Expands ETF Business With Funds Trust, 3 New Crypto Funds

The development comes as the firm continues to be embroiled in a conflict with the SEC to obtain permission to convert its $17 billion Grayscale Bitcoin Trust into a spot Bitcoin ETF product.

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