Phoebe's Bitmingham Beat

Do Kwon's extradition interrupted once again / Google now shows ENS wallet balances in search results / Worldcoin makes Orb software open-source [EN]

Montenegrin prosecutors have appealed the decision to extradite Terra co-founder Do Kwon to South Korea, CoinGecko reports Solana as the leading blockchain ecosystem by web traffic, Google integrates Ethereum Name Service data into search results, Worldcoin open-sources its Orb device software amid privacy concerns, Estonia proposes strict crypto regulation, and Pakistan's ITU announces the country's first metaverse classes.

Kraken launches custody service for institutional clients / SBF responds to prosecutors’ sentencing memo / Immutable establishes $100M Web3 gaming fund [EN]

Kraken Institutional launches a new crypto custody service for corporate clients, Ether experiences significant price volatility following SEC developments and Ethereum Foundation investigation, FTX's former CEO Sam Bankman-Fried faces a potential 40-50 year prison sentence, Montenegrin court approves the extradition of Terra co-founder Do Kwon to South Korea, and Immutable partners with King River Capital and Polygon Labs to launch a $100M fund for blockchain-based games.

U.S. prosecutors recommend up to five decades in prison for SBF [EN]

U.S. prosecutors recommend a 40-50 year prison sentence for FTX's former CEO Sam Bankman-Fried for his role in the exchange's collapse, a study reveals 135 countries are exploring CBDCs with China leading the pilot projects, Binance tightens token listing requirements to enhance investor protection, OKX ends support for Tether trading pairs in the European Economic Area ahead of new EU crypto regulations, and Starbucks shuts down the beta platform of its NFT rewards program, Odyssey.

Binance cuts ties with its $10B venture capital arm [EN]

Binance has made its venture capital arm, Binance Labs, an independent entity with $10B AUM, while a survey reveals crypto owners favor Trump in the upcoming U.S. elections, and El Salvador moves $400M of Bitcoin to a cold wallet amidst a market rally, as SuperRare expands into Bitcoin-based NFTs and blockchain startup Berachain becomes a unicorn with a $69M funding round.

Coinbase to offer $1B convertible senior notes [EN]

Coinbase announces a $1B convertible senior notes offering for debt repayment and acquisitions, Ethereum's Layer-2 tokens surge ahead of the Dencun upgrade, Terraform Labs gets court approval to hire Dentons amidst SEC lawsuit, Block begins shipping its self-custody Bitcoin wallet BitKey, OKX gains in-principle approval for a payment institution license in Singapore, and Tensor reveals plans to issue a governance token for its Solana-based NFT marketplace.