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OpenSea manager accused of insider trading sentenced to 3 months in prison, $50K fine

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Nathaniel Chastain will reportedly have until Nov. 2 to surrender himself following his conviction for wire fraud and money laundering related to insider trading on OpenSea.

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US government watchdog urges FDIC coordinate on crypto oversight

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The US Government Accountability Office says that regulators, including the FDIC, lack an “ongoing coordination mechanism for addressing blockchain risks.”

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Anthropic shutdown makes a strong case for decentralized AI: Grayscale

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Grayscale says decentralized AI tokens gained after the US government ordered Anthropic to cut access to its latest AI models, showing user demand for alternatives to centralized AI.

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Trump crypto company’s USD1 stablecoins backing UFC event bonuses

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A spokesperson for the Democratic National Committee decried the move as “an opportunity to use the power of the presidency to make [Trump] and his family even richer.”

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