Happy Tuesday. Crypto prices continue to bleed, with bitcoin and ether down about 2% and 5% respectively in the past day. Still, the industry persists in making key legal, custodial and acquisition moves.
In today's newsletter, Justin Sun welcomes legal action to settle a stablecoin dispute, BlackRock taps Anchorage Digital as a spot crypto ETF custodian, Binance's tax evasion trial gets postponed until Apr. 30 in Nigeria and more.
Meanwhile, the Aavegotchi NFT gaming community votes to leave Polygon in favor of Base.
Let's get started.
Tron founder Justin Sun stated he "welcomes" any legal action from First Digital Trust (FDT), believing court proceedings will bring more transparency to the ongoing dispute regarding the stablecoin TrueUSD (TUSD).
BlackRock picked Anchorage Digital to provide digital asset custody for its spot crypto ETFs.
A Nigerian federal court adjourned Binance's tax evasion trial to April 30 after a lawyer contested the legality of serving court documents via email.
The Securities and Exchange Commission's crypto task force will host a roundtable on Friday with industry leaders from Coinbase, Uniswap Labs and Cumberland DRW to discuss crypto trading regulations.
Ripple is acquiring global prime broker Hidden Road for $1.25 billion, marking one of the crypto industry's largest deals and making Ripple the first crypto firm to own a multi-asset prime brokerage.
Never miss a beat with The Block's daily digest of the most influential events happening across the digital asset ecosystem.
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