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Justin Sun, the founder of Tron blockchain, reportedly lost his diplomatic status as Grenada's ambassador to the WTO in June 2022 after the party that originally granted him the position lost power in the election. Grenada had recalled all diplomats during this period, even though Sun claims to continue to represent the country.

Leading blockchain developer Sebastien Guillemot announced that Cardano will become the top EVM chain after Milkomeda introduces a feature allowing users to access any EVM contract directly from any Cardano wallet using ADA. Milkomeda is a network that connects different blockchains, such as Cardano and Algorand with EVM contracts.

FTX Europe, the European subsidiary of the bankrupt crypto exchange FTX, has launched a website for its customers to submit withdrawal requests after being approved by the Cyprus regulator in March 2022, seven months before FTX's collapse. European customers can now withdraw their balances from the platform, five months after the global trading platform's bankruptcy in early November 2021.

Citigroup analysts predict that the rise of tokenization and CBDCs around the world indicates that crypto is approaching a "point of inflection." They believe that the tokenization of assets on blockchain will be the "killer use case" that drives mass adoption in six to eight years, with private equity becoming the most "tokenized" asset class. The market for tokenized assets could reach almost $4 trillion in value by 2030.

Ripple CEO Brad Garlinghouse has criticized SEC chair Gary Gensler's recent statements about securities laws regulating the crypto market. Garlinghouse accused Gensler of acting like an "autocrat" and urged lawmakers to take note of the regulator's behavior. Gensler presented a budget of $2.436 billion for SEC operations in 2024. XRP is at the center of a long-running legal dispute surrounding its classification.

The US Commodity Futures Trading Commission (CFTC) filed a lawsuit against Binance for allegedly violating the Commodity Exchange Act (CEA) and CFTC regulations, accusing them of giving preferential treatment to high-frequency traders. However, crypto traders maintain that accessing Binance's derivatives desk was legal for US firms. The CFTC lawsuit against Binance and US regulation outlook for crypto were discussed on Yahoo Finance Live by Axios Crypto Reporter, Brady Dale, and The Wolf Of All Streets Podcast Host, Scott Melker.

Canada is tightening regulations for crypto exchanges, leading some to consider exiting the market.

Boerse Stuttgart Digital's unit, blocknox GmbH, has obtained the final license from BaFin making it a regulated crypto custodian. As the sixth largest stock exchange in the EU, Boerse Stuttgart aims to target banks, brokers, asset managers, and family offices to make use of its crypto services. It currently offers services including trading, brokerage, and custody.

Ledger, a hardware wallet provider for cryptocurrency, raised over $100 million in its Series C investment round extension, with an expected valuation of $1.4 billion. This is the first of three planned rounds for the company.

Denmark's Supreme Court ruled that profits made from the sale of Bitcoin are taxable in two separate cases, one involving speculation and the other involving mining, and the decision was upheld by a prior High Court judgment. Denmark is known for its strict regulations, with investors and miners now subject to tax rules.

US Senator Elizabeth Warren's re-election campaign will focus on the crypto industry, with plans for an "anti-crypto army". Warren has previously expressed her hostile stance towards crypto and her latest election campaign emphasizes this position. Her past achievements include making hearing aids available and lowering childcare costs in Massachusetts.

Shibarium, Shiba Inu's new layer-2 project built on top of Ethereum, is experiencing early adoption and growth in its testnet, with increasing wallets and transactions in just a few days, marking a promising outlook for the upcoming scaling solution.

The Japanese Finance Ministry will form an expert panel next month to study the feasibility of a central bank digital currency or digital yen. The panel will use the Bank of Japan's proof-of-concept experiments findings from over two years. Additionally, a pilot program for digital yen is reported to be launched in April.

Hong Kong is launching a new equity to invest $100m in early-stage blockchain and Web3 startups in the region as its goal of becoming a global crypto hub continues to gain traction. The new equity will adopt a more friendly regulatory stance and focuses on the regional market.

The founder of FTX, Sam Bankman-Fried, will plead not guilty to all 13 charges laid out by US prosecutors over the collapse of his cryptocurrency exchange. The charges include attempting to evade campaign financing laws, alleged fraud, and conspiracy. The latest charge accuses Bankman-Fried of paying a $40 million bribe to Chinese officials to unfreeze his hedge fund's accounts.