This week’s Crypto Biz also looks at the crypto industry after FTX collapse, Tether’s Bitcoin mining in Latin America, Tabi’s funding round and Nvidia’s artificial intelligence machines.

The framework under the bill would allow certain tokens to qualify as digital commodities if they were decentralized and crack down on the SEC’s previous approach to crypto.

ARB’s price notched a double-digit gain after a popular DeFi whale address resumed buying the governance token, but is the rally sustainable?

The top 100 DeFi tokens had a bullish last week of May, with most of the tokens recovering from two weeks of bearish pressure.

The wallet developer also raised $4.5 million from Hack VC and other firms to further advance ZK-based enterprise solutions.

Crypto insurance underwriter Evertas will increase coverage limits to $420 million per policy while adding additional mining coverage.

Bitcoin and most major altcoins are witnessing subdued price action, indicating a lack of buying interest from the larger players.

The central bank released its statement in response to comments on a CBDC discussion paper published in February 2022.

Stablecoins could help crypto firms to remove themselves from the banking system — and prevent the U.S. government from cutting off their financial lifelines.

Taurus raised $65 million in a funding round three months ago. Its clients can now issue digital securities automatically.

Christy Goldsmith Romero pointed to the collapse of FTX, Terra and Celsius in having the CFTC reconsider the way it handled risk management.

Bitcoin has been busy “perfectly” mimicking its moves after the March 2020 crash, QCP Capital argues.

A Binance spokesperson told Cointelegraph that the company had forecasted the drop after its decision to end its zero-fee Bitcoin trading but that it’s “not a concern.”

Startups competed in a metaverse-based Web3 reality show called Build The Block to win an investment from Binance Labs.

European game studio Maniac Panda Games aims to onboard mainstream players to Web3 with its flagship MMO title.

Right-wingers are often advocates of Bitcoin, especially the decentralized nature of the currency. But does that mean crypto is a right-wing thing?

This new relation-based Web3 protocol integrates decentralized social graphs, identity and AI to add social context to Web3 profiles.

The record surge in Ethereum staking in May was attributed to the ongoing U.S. debt ceiling saga, confidence in the U.S. dollar, bank collapses and the high APR offered on ETH staking.

Japanese privacy watchdog warned OpenAI about collecting sensitive data without permission, threatening further action.

From being an inventory system for gaming to being used in DAOs, Future Primitive’s Jayden Windle and Benny Giang spoke about use cases for ERC-6551.

BTC price upside is likely limited, market participants argue, with Bitcoin pinned below $27,500.

Use user-friendly tools like blockchain explorers and public databases to access Bitcoin network data without advanced IT skills.

Digital Currency Group CEO Barry Silbert argued in a letter to Judge Stefan Underhill that both cases share the same facts, legal issues and near-identical class definitions.

Qatar has been told by the Financial Action Task Force to improve its “understanding of more complex forms” of financial crime.

Coinbase Derivatives Exchange’s institutional-sized contracts will be sized at 1 Bitcoin and 10 Ether.

Over $45 million was lost to exit scams in May, while exploits on DeFi protocols racked up less than half that amount over the same period.

The Galaxy Digital CEO says there has been a recent lack of institutional interest in cryptocurrency buying, which has led to deflated enthusiasm in the markets.