Episode 520
📍 Galaxy Digital hires Zac Prince, former CEO and co-founder of BlockFi, as a managing director to expand the firm's crypto offering alongside President Chris Ferraro.
📍 OKX, a top-five crypto exchange, settles with the US Department of Justice for over $500 million after failing to secure a money transmitter license and allegedly facilitating suspicious transactions.
📍 Cryptocurrency companies' stocks plummet amid a broader market downturn, with Bitcoin and major crypto stocks declining sharply due to concerns about a global trade war, rising inflation, and macroeconomic uncertainties.
📍 Hamster Kombat, a popular Telegram crypto game, launches its own layer-2 chain, The Hamster Network, on The Open Network (TON), aiming to provide fast and scalable infrastructure for games and apps with negligible transaction costs.
