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• The IMF’s Executive Board has agreed that cryptocurrencies should not be granted legal tender status. • Banco do Brasil has enabled the payment of taxes with cryptocurrencies for its customers. • Bitfy CEO and Founder Lucas Schoch shares insights into the crypto adoption in Brazil. IMF: Crypto Shouldn’t Be Legal Tender The International Monetary…

• TRU, the governance token of decentralized lending protocol TrueFi, surged 220% on Thursday in an hour due to speculation about a Binance stablecoin transaction. • The speculation appears to have been caused by traders mistakenly connecting TUSD (a stablecoin issued by TrueFi in the past but no longer is) with TRU. • Binance minted…

• Kraken has agreed to shut down its cryptocurrency-staking operations for U.S. customers and pay $30 million to settle SEC charges it offered unregistered securities. • The SEC voted on the settlement during a closed-door commissioner meeting Thursday, with an announcement expected later in the day. • Kraken’s staking service offered a 20% APY, promising…

• Orion Protocol loses $3M of crypto in trading pool exploit • Attacker used a fake token and self-destructing smart contract to manipulate the Orion pools • Price of Orion’s native token ORN is little changed following the attack Exploit on Orion Protocol Orion Protocol was set to pause operations Thursday after an apparent attacker…

• The OP token, associated with layer 2 network Optimism, surged to an all-time high of over $2.50 on Wednesday. • The token’s gain has outpaced the top two digital assets by market capitalization, bitcoin and ether, which have recently risen 39% and 33%, respectively, in 2023. • According to Nick Hotz, vice president of…

• The Stellar Development Foundation was revealed to be one of the largest creditors of Genesis, a bankrupt crypto lending desk, with a claim of $13 million. • The foundation has confirmed that it loaned around $13 million to Genesis in 2022, but stated that this sum was “immaterial” in relation to the rest of…

• MetaMask is adding a staking feature to its MetaMask Portfolio, allowing users to stake their ETH via Lido or Rocket Pool. • The update comes two months before an Ethereum upgrade is expected to allow users to withdraw their staked ETH. • The new staking feature will provide users with a convenient way to…

• 2022 was a bear market for the crypto industry as both Bitcoin (BTC) and Ether (ETH) saw a 65% and 67% pullback respectively. • Correlation behavior between Bitcoin and other macro assets remained an unfinished story, with only bonds ending the year uncorrelated to BTC while stock indices maintained a positive correlation and the…

• The U.S. Department of Justice (DOJ) has seized 55 million shares of Robinhood (HOOD) stock owned by FTX founder Sam Bankman-Fried and co-founder Gary Wang. • The shares were worth just over $456 million based on HOOD’s closing price of $8.25 on Friday. • Bankman-Fried has been formally charged with crimes such as money…