Top stories

• Binance sued by the CFTC

• Michael Saylor's MicroStrategy buys more bitcoin

• U.S. senator Elizabeth Warren is building an anti-crypto army

Binance sued by the CFTC

On March 27, the U.S. Commodity Futures Trading Commission (CFTC) sued Binance and its founder Changpeng Zhao with allegations of taking a deliberate and calculated approach to violate U.S. commodities regulations. Simultaneously, a U.S. court put Voyager's $1 billion sale to Binance.US on hold.   

CFTC also accused Binance of facilitating market manipulation, a claim that Binance CEO Changpeng Zhao has rejected. 

Michael Saylor's MicroStrategy buys more bitcoin

Microstrategy announced the repayment of a Silvergate loan at a discount and the purchase of more bitcoin. Read what happens to the bitcoin price when Saylor buys bitcoin and how much gunpowder MicroStrategy has left in this K33 article.

Elizabeth Warren is building an anti-crypto army

Influential U.S. Democrat senator Elizabeth Warren has signaled she's building an anti-crypto army as part of her re-election campaign. This might hurt her re-election chances, though, as polls suggest many Americans think crypto is a key innovation for the future. 

Other news

• Sam Bankman-Fried accused of sending a $40 million crypto bribe to Chinese officials

• Killer use-case: Citi says trillions in assets could be tokenized by 2030

• Terra founder Do Kwon's jail time in Montenegro will be harsh, according to a report

Insights from the week

Bitcoin to Nasdaq correlation is declining - and it makes sense! BTC's 30-day correlation with Nasdaq sits at 0.3, down from 0.75 in October. 

In this article, we point to the forces behind the decline in correlation.

Weekend Reading

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