Weekly Crypto News Wrap-up for Mar 18-Mar 22, 2024

2 min readMar 22, 2024


Let’s dive into this week’s heavy hitters:

📰 Ethereum Foundation Under Investigation by Unknown Authority

  • State authorities conduct a confidential investigation into the foundation.
  • Ethereum’s recent Dencun upgrade aims to lower fees on layer-2s.
  • The investigation emerges as Ethereum faces regulatory scrutiny.

Read more: https://dailycoin.com/ethereum-foundation-under-investigation-by-unknown-authority/

📰 SBF Prosecutors Want 50 Years: Is FTX Founder’s Fate Sealed?

  • The battle over SBF’s sentence has escalated between his lawyers and prosecutors.
  • The former FTX CEO faces a potential decades-long sentence.
  • SBF’s lawyer asserted that the prosecutors’ recommendation of justice is unjust and disproportionate.

Read more: https://dailycoin.com/sbf-prosecutors-want-50-years-is-ftx-founders-fate-sealed/

📰 SEC vs Ripple Final Dates Set: Is a Ruling Here at last?

  • Ripple and the SEC have submitted a joint proposal outlining key dates related to the upcoming remedies phase.
  • The SEC and Ripple have agreed to work together to determine what information in the briefs needs to be redacted.
  • The public can challenge any motions to seal documents by May 20, 2024.

Read more:

📰 Ex-Binance Chief Changpeng Zhao Teases New Educational Project

  • CZ has announced a new project.
  • The project has a unique proposition, sidelining crypto.
  • Active hiring for members of the project is ongoing.

Read more: https://dailycoin.com/ex-binance-chief-changpeng-zhao-teases-new-educational-project/

📰 Solana’s Stellar Rise in 2024: What’s Behind the Success?

  • SOL surpasses $90 billion market capitalization.
  • Solana hits all-time highs in network volumes and fees amid meme coin surge.
  • SOL comes closer to its ATH of $260, recovering from FTX collapse.

Read more: https://dailycoin.com/solanas-stellar-rise-in-2024-whats-behind-the-success/

📰 Crypto Market Relishes FOMC’s Dovish Outlook for 2024

  • The FOMC is looking to drive inflation down to 2% by 2025.
  • The crypto market rallied after a tumultuous week in the wake of the Fed chair’s dovish speech.
  • With days left until the halving, concerns of another deep pullback remain despite the overall optimism.

Read more: https://dailycoin.com/crypto-market-relishes-fomc-hawkish-outlook-2024/

📰 Craig Wright’s Troubles Stack as New Lawsuit Gathers Steam

  • Craig Wright’s claims of being Satoshi Nakamoto are over.
  • Former believer Ryan X. Charles started the FaketoshiSUX group to seek redress.
  • FaketoshiSUX is gathering numbers for a class action lawsuit against the perpetrators.

Read more: https://dailycoin.com/craig-wrights-troubles-stack-as-new-lawsuit-gathers-steam/




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