Terraform Labs founder Do Kwon to be released on $4.4M bail (report). Terraform Labs founder Do Kwon has pleaded not guilty to charges of using a forged passport to travel to Montenegro. He is likely to be released on $4 million bail.
Twitter CEO Elon Musk will pass the mantle to a new CEO to take on the role of CTO. Twitter owner Elon Musk is stepping down as the company's CEO. Instead, he will take on the role of CTO, while a potential CEO candidate is reportedly NBC Universal's Linda Yaccarino.
Ethereum Falls to 6-Week Low Despite Drop in ETH on Exchanges. ETH has fallen to a six-week low, despite ETH stored on exchanges continuing to decline. In fact, ETH on exchanges has dropped to just 10.3%.
USDC Issuer Circle Rebalances Treasury Holdings Amid US Debt Ceiling Crisis. The issuer of USDC, the second-largest stablecoin by total market capitalization, is rebalancing Treasury holdings amid the US debt ceiling crisis. Circle is preparing to avoid potential missteps.
New York will adopt stablecoins as a means of payment for bail bonds. Assembly Bill 7024 aims to provide stablecoins as an official means of payment for bail bonds within the State of New York. If it becomes a reality, it will be a big step forward.
Institutions Intend to Buy Bitcoin by the End of 2023: Interview with CryptoQuant. In an interview with CryptoPotato at Consensus this year, a CryptoQuant analyst shared that institutions appear to be looking to buy BTC by the end of 2023. This would also be in line with other predictions that the bull run could begin later this year or in the next quarter.
