Crypto Events Recap, November 21-22
The world's largest crypto exchange was criminally charged with breaking sanctions and money-transmitting laws and agreed to pay $4.3 billion. Changpeng "CZ" Zhao pleaded guilty in Seattle to charges and agreed to pay a $50 million fine, as well as step down from the CEO position. Richard Teng, a former Abu Dhabi regulator and later Binance's regional markets head, will take over as CEO.
Launches MLT LP Staking on BNB Chain. Users can now provide liquidity for MLT/BNB pair on PancakeSwap & earn rewards.
Ethereum L2 with native yield created by co-founders of NFT marketplace Blur has crossed the milestone of $140M in total value locked.
Joined Coinbase and Binance as targets of SEC accusations that the companies are operating without properly registering.
Made its first acquisition by purchasing NFT data startup Zash with the plans to incorporate Zash's NFT data into its platform.
Announced an airdrop of 300M BLUR tokens (10% of supply, worth around $100M at the current rate) to its community via Season 2.
Launched tokenized US Treasuries on Injective allowing users to acquire it in the form of the USD Yield token.
Closed a $18M Series A funding round led by Paradigm with participation of Sequoia Capital and Archetype Ventures.
Ethereum Layer 2 migrated to the Arbitrum ecosystem after previously launching its testnet using Optimism’s OP Stack.