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DOJ's Crypto Enforcement Director Vows Crackdown on Illicit Behavior on Exchanges: FT
Eun Young Choi, head of crypto enforcement at the Department of Justice (DOJ), has promised a crackdown on illicit behavior on trading platforms, according to the Financial Times. CoinDesk Managing Editor for Global Policy and Regulation Nikhilesh De discusses the agency's approach to crypto regulation in the U.S.

How The DAO Hack Back in 2016 Changed Ethereum and Crypto Forever
As part of our "CoinDesk Turns 10" series looking back at seminal stories from crypto history, Slock.it founder and corpus.ventures CEO Christoph Jentzsch joins "First Mover" to discuss how The DAO hack in 2016 impacted the Ethereum network and the broader crypto industry as a whole.

Bitcoin Retakes $27K Amid Encouraging Macro, Technical Signs
Bitcoin (BTC) is climbing back above $27,000 after crypto exchange Binance announced that it would cease operations in Canada, citing the challenging regulatory environment. Tom Dunleavy of Dunleavy Investment Research discusses his crypto markets analysis and outlook.

Chia Network CEO on Plans to Go Public
Blockchain and smart-contract platform Chia Network recently submitted a confidential draft registration to the U.S. Securities and Exchange Commission for a proposed initial public offering (IPO). Chia Network CEO and President Gene Hoffman discusses plans to go public amid the current macroeconomic environment.

Meme Coins Not Doing Much for Crypto User Adoption Just yet: Analyst
The crypto market saw $2.3 billion in meme coin trading volume last week – a six-fold rise from the preceding week's $387 million to the highest since May 2021, according to blockchain observer James Tolan's Dune analytics-based tracker. "Meme coins... they get a lot of mainstream media headlines," Bitwise Crypto Analyst Ryan Rasmussen said, "[but] they aren't really doing a whole lot to move the needle on user adoption to onboard those next 100 million users."

Coindesk’s Bitcoin Trend Indicator Turns Neutral From Bullish
CoinDesk's Bitcoin Trend Indicator (BTI), which measures the directional momentum and strength in bitcoin's price, flipped from bullish to neutral on Thursday. "It's important to look at the Bitcoin Trend Indicator," Bitwise Crypto Analyst Ryan Rasmussen said, "but it's more important to look under the hood at [bitcoin's] fundamentals."

Rep. McHenry Grills SEC on Crypto in New Letter
House Financial Services Committee chairman Rep. Patrick McHenry (R-N.C.) accused the SEC of stonewalling questions on digital assets and threatened another hearing. Meanwhile, Terraform Labs founder Do Kwon is set to be released from Montenegro jail on supervised bail as his trial on document forgery charges continues, a court notice from Friday shows. CoinDesk's Managing Editor for Global Policy and Regulation, Nikhilesh De, shares the latest developments in crypto regulation.

Threshold Network Goes Live With Wormhole to Bridge Bitcoin to 20 Blockchains
Threshold Network is now working with the cross-chain token protocol Wormhole in an effort that aims to allow the easy movement of a tokenized representation of bitcoin to twenty blockchain ecosystems. Wormhole Foundation Head of Operations Dan Reecer joins the conversation.

Chia Network CEO on Web3 Gaming Industry
Chia Network CEO and President Gene Hoffman joins "First Mover" to discuss the state of Web3 gaming and the current landscape for how the traditional gaming industry views Web3 technology. Plus, the latest on the blockchain and smart-contract platform's registration to the SEC for a proposed initial public offering (IPO).

Do Kwon Set to Be Released on Bail in Montenegro Travel Document Forgery Case
Terraform Labs founder Do Kwon is set to be released from Montenegro jail on supervised bail as his trial on document forgery charges continues, a court notice from Friday shows. CoinDesk's Managing Editor for Global Policy and Regulation, Nikhilesh De, breaks down the latest developments.
