Crypto weekly: US Seeks Three-Year Prison Sentence for Ex-Binance CEO Zhao; Franklin Templeton lists Ethereum ETF on DTCC.

Cryptocurrencies keep pushing boundaries, and each headline is a testament to the industry’s growth. Let us bring you up to speed with the most significant stories from the past week. Next week also promises to be full of events that may affect the overall market picture.

Review of the past week:

April 24, 2024 US Seeks Three-Year Prison Sentence for Ex-Binance CEO Zhao.
Zhao stepped down after US agreement to pay $4.3 billion. Read more
April 24, 2024 Instagram Influencer Known as “Jay Mazini” Sentenced to 84 Months in Prison for Overlapping Fraud Schemes.
Defendant Capitalized on His Social Media Persona to Commit Fraud, Including a Scheme That Bilked the Muslim Community Out of Over $8 Million. Read more
April 25, 2024 Tesla Maintains Bitcoin Holdings — Balance Sheet Shows $184 Million in Digital Assets.
Tesla continues to hold onto its 11,509 bitcoins, which have a market value of over $745 million. Read more
April 25, 2024 Franklin Templeton tokenizes $380 million US government money fund on Polygon, Stellar.
The asset manager has launched the Franklin OnChain United States Government Money Fund (FOBXX) on Polygon and Stellar, offering shares as BENJI tokens. Read more
April 27, 2024 Franklin Templeton lists Ethereum ETF on DTCC.
The DTCC listing does not guarantee SEC approval of Franklin’s spot Ether ETF application. Read more


What’s coming up for us this week:

May 01, 2024 Fed Interest Rate Decision.
Federal Open Market Committee (FOMC) members will announce the interest rate on May 01, 2024, at 06:00 P.M. UTC. Read more


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Best regards,
FYBIT team