TLDR: SEC Fine Ripple $770m and Subpoena Paypal, Fraud Charges at SafeMoon, Celestia Goes Live on Mainnet, First Cosmos to Ethereum Rollup on Catalyst, Side Protocol Introduces Insiders and SBF Found Guilty.

This week’s newsletter is sponsored by Amulet Finance:

Amulet Finance is a pioneering non-custodial lending protocol designed to power DeFi on Cosmos. Launching on Neutron in 2023, Amulet will empower users to access the value in staking rewards and other forms of yield upfront with self-repaying loans.

Starting with ATOM, users will be able to stake ATOM on Cosmos via smart contracts operating cross-chain from Neutron and obtain an Advance on their future staking rewards in a matching synthetic, “amATOM”.

By enabling loans against a variety of assets deployed on a range of strategies, Amulet is designed to release value for users and increase liquidity across Cosmos.

Bitcoin Highlights of the Week

VanEck Refiles for Bitcoin ETF

Global investment firm VanEck refiles for their BTC ETF with the SEC. By doing so, reaffirmation and dedication to provide a regulated BTC investment avenue for both retail and institutional investors.

Rebel Satoshi Meme Coin Presale

The Rebel Satoshi presale has begun as the meme coin strive to ignite a transformation in the crypto market. With the overall meme coin market valued at $20 billion, investors need to take notice of $RBLZ.

St. Galler Kantonalbank Launch BTC Trading

One of Switzerlands largest banks, St. Galler Kantonalbank, has introduced BTC and ETH trading services for select customers, and has announced plans to add further cryptocurrencies in the future.

Ethereum Highlights of the Week

Fraud Charges at SafeMoon

Executives at SafeMoon have been charged with securities fraud, money laundering and wire fraud. The charged executive used the funds for personal investments, real estate investments and to purchase luxury vehicles.

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