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Senators Reportedly Claim Binance Is a 'Hotbed of Illegal Financial Activity'
Three U.S. senators have written to Binance, the world's largest crypto exchange, asking for details about its money-laundering controls and accusing Binance of being a "hotbed of illegal financial activity," according to the Wall Street Journal. "The Hash" panel discusses what this means for Binance amid ongoing regulatory scrutiny.

Ordinals NFTs Could Make Stacks’ STX a Multibillion-Dollar Token: Matrixport
Ordinals' non-fungible tokens (NFT) have the potential to push Stacks Network's STX into a billion-dollar token, Matrixport said in a recent research report. The firm's Head of Research and Strategy Markus Thielen joins "First Mover" to discuss and weigh in on the hype around Ordinals protocol.

Matrixport Researcher on STX Token's Rapid Growth Amid Ordinals Interest
Stacks' STX token is the top performer in the CoinDesk Market Index (CMI) month-to-date and the third-best performer year-to-date. According to a recent Matrixport report, the popularity of Ordinals' NFTs could be the catalyst to push Stacks into a billion-dollar token. Matrixport Head of Research and Strategy Markus Thielen breaks down the potential of Stacks.

Two-Time NBA All-Star Baron Davis Shares His Web3 Genesis Story
Former NBA All-Star and entrepreneur Baron Davis is launching a rights management platform for photographers on the blockchain. He shares how he got involved with the crypto and Web3 ecosystem, saying, "I've always been a serial entrepreneur ...but it wasn't fun to do that in the NBA...when crypto came along, this is an opportunity for me to explore my creativity."

How Crypto Markets Are Reacting to Silvergate Bank Warning
Silvergate Bank announced it would delay the filing of its annual report as it may face regulatory probes. This sent the crypto-friendly bank's stock plunging. Wave Financial Head of Protocol and Treasury Management Nauman Sheikh reacts, saying, "I'm surprised that crypto hasn't reacted more strongly to the news."

NBA All-Star Baron Davis on Celebrity Endorsements in Crypto Space
The U.S. Securities and Exchange Commission (SEC) sued former National Basketball Association player Paul Pierce for "touting" ethereumMax (EMAX) tokens without revealing he had been paid to do so. Former NBA All-star and serial entrepreneur Baron Davis explains why the lack of crypto education among celebrities can sometimes lead to potentially problematic endorsements of certain products.

Top U.S. Treasury Official Weighs In on Digital Dollar Question
The U.S. Treasury Department's Undersecretary for Domestic Finance Nellie Liang suggested that the federal government's work on a potential digital dollar is accelerating. CoinDesk Executive Director of Global Content Emily Parker discusses the key takeaways from Liang's speech and the state of regulatory uncertainty in the U.S. Plus, a new Coinbase survey of over 2,000 American adults suggests 20% own crypto and the vast majority see an urgent need to update the financial system.

NBA All-Star Baron Davis on His Web3 Journey
Former NBA All-star and serial entrepreneur Baron Davis is launching SLiC Images, a rights management platform that prioritizes ownership for photographers. Davis explains the significance of giving ownership back to creators and how his career in the NBA helped him grow in the Web3 space. He also reacts to regulatory actions against celebrities who have endorsed cryptocurrencies.

Bitcoin Holds Above $23K as Concerns Loom for Silvergate Bank
Crypto bank Silvergate Bank announced it would postpone the filing of its annual report on Wednesday, sending its stock price plunging. Wave Financial Head of Protocol and Treasury Management Nauman Sheikh discusses what this means for the crypto markets and why he's "surprised" the crypto markets have not reacted more strongly to the news just yet. Plus, the potential impact of the upcoming Shanghai upgrade on the Ethereum community.

Silvergate Stock Tumbles After Bank Says It May Face Certain Regulatory Probes
Silvergate Bank announced it would delay the filing of its annual report on Wednesday, sending its stock price plunging. "The Company is currently analyzing certain regulatory and other inquiries and investigations that are pending with respect to the Company," the filing stated in part. CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De shares the latest developments.
