• Folkvang, a Cayman Island based trading firm, had half of its equity parked on FTX before it collapsed in November. • Founded in 2020 by seasoned crypto quant traders, Folkvang rose to prominence across all major exchanges and was expected to do well after Alameda Research invested in them.…

• TRU, the governance token of decentralized lending protocol TrueFi, surged 220% on Thursday in an hour. • Speculation arose among crypto traders about TUSD potentially gaining a larger role in trading on Binance due to the regulatory crackdown on the Paxos-issued BUSD. • However, this speculation appears to be…

Coinbase CEO Brian Armstrong Suggests SEC Could Ban Staking • Coinbase CEO Brian Armstrong suggests that the U.S. Securities and Exchange Commission (SEC) could ban retail investors from engaging in cryptocurrency staking. • The governance token for the liquid staking platform Lido surged on the rumor suggested by Armstong that…

• LevelField inched closer to its goal of offering both traditional and crypto banking services following its acquisition of the FDIC-insured Burling Bank. • The full-service bank plans to offer its clients cryptocurrency-related services alongside a host of traditional banking services. • Financial terms of the deal have not been…