Crypto Update Sunday

  1. Weekend Buy Competition: The ESC team announces a buy competition where the three largest purchases of ESC tokens will receive percentages of their purchase value for free. The competition ends on Monday evening.
  2. Legal Battle Over Bitcoin White Paper: Craig Wright, who claims to be the inventor of Bitcoin, wins a ruling to proceed with a lawsuit against Bitcoin Core developers and companies like Blockstream and Coinbase, alleging copyright violation. The case is set to go to trial in early 2024.
  3. Binance Faces Regulatory Impact: The crackdown on crypto firms by the SEC leads Binance to fire over 1,000 employees and consider scaling back certain products and business units due to regulatory concerns.
  4. Ripple CLO Optimistic About XRP Adoption: Ripple’s chief legal officer believes that U.S. banks may turn to XRP for cross-border transactions following a court ruling that may ease regulatory pressure on the cryptocurrency.
  5. Binance Cuts Employee Benefits: Amid a decline in profits and regulatory challenges, Binance reduces employee benefits, including reimbursement for certain expenses.
  6. Lawsuit Against Marathon Digital’s Top Management: Marathon Digital faces a lawsuit alleging that its top executives breached fiduciary duties, enriched themselves unjustly, and wasted corporate assets.
  7. Polychain Capital and Coinfund Raise Crypto Funds: Polychain Capital raises $200 million and Coinfund secures $152 million for new crypto investment funds, despite a decline in venture funding for crypto startups in the industry.

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