Arbitrum is decentralizing by launching its governance token ARB. Source: https://www.coindesk.com/markets/2023/03/23/arbitrum-daily-transaction-count-hits-record-high-ahead-of-token-airdrop/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

ALSO: The SIM card offers the security of a hardware crypto wallet but with more convenience, says Conflux’s chief technology officer in a Q&A with CoinDesk’s Shaurya Malwa. Source: …

Alameda Research seeded little-known Bahamas-based hedge fund Modulo Capital with $475m in 2022. The recovery includes $404m of cash. Source: https://www.coindesk.com/business/2023/03/23/ftx-bankruptcy-estate-to-claw-back-460m-from-modulo-capital/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Binance abolished almost all zero fee trading pairs from its platform after nine months, only keeping the promotion for the TUSD-bitcoin pair. Source: https://www.coindesk.com/markets/2023/03/22/binance-curb-on-zero-fee-trading-may-cost-market-share-boost-trueusd-stablecoin/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Source: https://www.coindesk.com/tech/2023/03/22/rapid-bank-runs-reveal-deposits-are-now-magic-internet-money-too/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The senator and her colleague Ron Wyden asked the U.S. auditing watchdog to rein in bogus auditing in the digital assets sector. Source: https://www.coindesk.com/policy/2023/03/22/senator-elizabeth-warren-calls-for-crackdown-on-sham-crypto-audits/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The U.S. central bank confirmed expectations of raising the rate by 25 basis points. Source: https://www.coindesk.com/markets/2023/03/22/bitcoin-sinks-below-27k-as-fed-powell-keep-focus-on-inflation/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The holding company needs access to the FDIC-locked funds in order to pay back its creditors and support its two external operations, says Kleinberg, Kaplan partner, Dov Kleiner. Source: …

In a CoinDesk interview Straith Schreder, Executive Creative Director at Palm NFT Studio, shares why participatory artwork might actually work for your Web3 brand. Source: https://www.coindesk.com/consensus-magazine/2023/03/22/nft-marketing-consensus/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Banking enforcement targeting legal crypto businesses appears to violate the FDIC’s mandate. It may also be amplifying financial contagion. Source: https://www.coindesk.com/consensus-magazine/2023/03/22/the-reality-behind-the-crypto-banking-crackdown-operation-choke-point-20-is-here/?utm_medium=referral&utm_source=rss&utm_campaign=headlines