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SEC questions Terraform Labs' $166 million in 'questionable' payments to lawyers in court filing

The US Securities and Exchange Commission (SEC) has requested that the Delaware bankruptcy court reject Terraform Labs' request to retain Dentons US LLC as its special advisor, claiming that it has paid a "suspicious" amount to Dentons. In the filing, the SEC stated that Terraform Labs had transferred an astounding $166 million to Dentons' retained account, of which $122 million was transferred within 90 days prior to filing for bankruptcy. The SEC believes that this move appears to be aimed at removing assets that could be used to pay any judgments resulting from the agency's enforcement actions against the company. This $122 million has been transferred to the lawyer's "opaque bribery fund," which Terraform Labs can subsequently use as a "war fund" to continue its legal disputes with the SEC.

Telegram Introduces Monetization for Broadcast Channels, TON Token Surges

Telegram CEO Pavel Durov has announced plans to introduce monetization for the platform's broadcast channels, with content creators set to receive a 50% share of ad earnings generated from displaying their content to viewers. The remaining 50% will contribute to Telegram's revenue stream. The ad platform will utilize the TON blockchain for payments, which aligns with the increasing interest in the TON blockchain. Despite broadcast channels boasting over one trillion monthly views, the current monetization rate through Telegram Ads is a modest 10%, but the global opening of the advertising platform is anticipated to significantly elevate this monetization rate.

ENS Labs Settles Legal Battle with Manifold Finance Over Domain Name

ENS Labs, the team responsible for Ethereum Name Service, has settled with Manifold Finance regarding the domain name. The settlement will cost the ENS community $300,000 in addition to ENS Labs' $750,000 in legal fees. Despite partnering with GoDaddy, ENS is still technically fighting Manifold in court, and the settlement was put to a vote by the ENS community. The vote resulted in 88% of the voting power agreeing to the settlement and 84% approving the reimbursement of ENS Labs’ legal expenses, potentially weakening ENS's litigation strategy as only 11% of the DAO’s voting power wanted to continue litigation.

Notcoin: A Playful Revolution in Cryptocurrency Engagement

Notcoin, a meme-token introduced by the TON project on Telegram, has attracted over 25 million participants and boasts a daily user base of 2.6 million. It allows users to mint tokens through their smartphones, challenging conventional notions of value and engagement in the digital era. Despite warnings about its potential lack of real value, Notcoin has garnered immense enthusiasm and showcases the intriguing power of collective action and the appeal of digital currencies. The introduction of its NFT collection offers extra benefits to owners, including the potential for profits through NFT trading, reflecting a forward-thinking approach to user engagement and the potential monetization of digital assets. The future of this playful experiment remains uncertain, but Notcoin's journey provides valuable insights into the potential for social experiments to drive cryptocurrency adoption and underscores the importance of community in the digital age.

SBF changes lawyers ahead of sentencing negotiations

SBF appeared in court for the first time since being convicted of fraud and conspiracy last fall, to confirm that he has no objections to his new lawyer. His new chief lawyer is Mark Mukasey. His previous lawyers, Mark Cohen and Christian Everdell, will withdraw from his case.It is reported that the new lawyer is also the agent lawyer of Alex Mashinsky, former CEO of Celsius. The Department of Justice accused him of securities fraud, commodities fraud, and conspiring to manipulate the price of the company's token CEL. Mashinsky will be tried this fall.

Terra founder Do Kwon to be extradited to U.S.

Terra founder Do Kwon will be extradited to the United States.

Solana and Filecoin Collaborate to Strengthen Infrastructure

Filecoin has announced its integration with the Solana blockchain in a strategic move to enhance data scalability and accessibility. This collaboration emphasizes Filecoin's role in decentralized data storage and marks a shift away from centralized storage solutions belonging to SOL. The integration will optimize accessibility to block history and benefit infrastructure providers, explorers, and indexers. The partnership ensures data redundancy, scalability, and improved security while promoting decentralization principles. Following the announcement, the price of FIL surged by over 5%, reaching its highest level since mid-January, and market observers predict a continued optimistic trend. However, SOL's native token declined by 3% in response to the news.

Perhaps influenced by Vitalik’s tweet, AI+Code tokens AEGIS and FORT both rose by more than 50% in 24 hours.

Possibly influenced by Vitalik's tweet, both AEGIS and FORT tokens related to AI+Code have surged more than 50% in the past 24 hours. Specifically:The Aegis Ai token, which offers an artificial intelligence auditing solution, has surged 55% in the past 24 hours and is currently priced at $0.1563.The Forta token, which offers an artificial intelligence security solution, has surged 58.2% in the past 24 hours and is currently priced at $0.2071.Previous reports indicate that Vitalik is excited about "AI-assisted code verification and vulnerability discovery."

NFT giant Christian: Will withdraw from and refund its "KEY" holders' fees

Co-founder of crypto fund NDV and NFT whale Christian announced on social media that he will withdraw from today, losing 200 ETH, and will also refund the fees for "KEY" holders, who can contact him.

Starknet: Users querying airdrops through GitHub must enter their username in lowercase letters

Starknet posted on X platform to remind users that due to a minor issue with the Provisions website, users who are checking for airdrops through GitHub must enter their usernames in lowercase letters.