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Ethereum, the #1 global financial internet settlement layer is getting a major upgrade to proof-of-stake which will be going live tonight around midnight ET. We also write about the top crypto news, stats, fundraises, and reports of the week, our webinar tomorrow for large ETH holders, and the world’s first ETH-denominated crypto fund of funds.
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FTX took revenue from $90 million in 2020 to more than $1 billion last year as cryptocurrencies hit an all-time high. The Federal Deposit Insurance Corp. (FDIC) issued Cease and Desist Letters demanding Cryptonews.com, Cryptoytosec.info, SmartAsset.com, FTX.US and FDIC Crypto.com stop making misleading statements about FDIC deposit insurance and implement corrective measures. Terraform Labs co-founder Do Kwon has reportedly hired a lawyer from a domestic law firm in South Korea just days after claiming the South Korean authorities are yet to reach out to him or file any charges against him.
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