The Crypto Weekend Round Up

Together with

Notable News You Might Have Missed:

• Axie Infinity's Biggest Guild Is Transforming Into a Protocol for ‘Pixels’ and Beyond

  Yield Guild Games is building on-chain infrastructure to power the next wave of guilds—and try to change the narrative around them.

  [DeCrypt]

• SEC Again Delays Decision on Grayscale Ethereum ETF

  The U.S. Securities and Exchange Commission postponed a decision on whether to approve Grayscale Ethereum Futures Trust's Ethereum ETF application, the agency said in a document filed on Friday. Its new deadline is May 30.

  [DeCrypt]

• Do Kwon released from Montenegro prison as Supreme Court considers extradition requests

  On Friday, the Supreme Court suspended a lower court decision to extradite the Terraform Labs co-founder to his native South Korea.

  “We released Do Kwon from prison as his regular prison term for travelling with fake papers ended,” prison director Darko Vukcevic told Bloomberg. “Since he is a foreign citizen and his documents were withheld, he was taken for an interview to the police directorate for foreigners, and they will deal with him further.”

  [Bloomberg]

• Justin Sun affiliated TrueUSD market cap collapses 50% in 7 days

  TrueUSD, the dollar-pegged stablecoin affiliated with Justin Sun, has seen its market cap collapse more than 50% from $1.29 billion on March 15 to $615 million on March 22, according to data from CoinMarketCap.

  This mass redemption of TrueUSD follows Binance’s delisting of several TrueUSD pairs on March 15. TrueUSD spent much of February struggling to maintain its peg, falling as low as $0.95.

  [Protos]

• U.S. SEC Asking for More Millions, Dozens of Lawyers to Beef Up Crypto Oversight

  The securities regulator, Treasury Department and U.S. derivatives watchdog are all hoping to get more funding to deal with new duties policing the digital assets sector.

  [CoinDesk]

• Worldcoin Addresses Privacy Concerns With New Personal Custody Feature

  The digital identity project backed by OpenAI founder Sam Altman has also open-sourced components of its codebase.

  Controversial eyeball-scanning project Worldcoin announced today that it will offer users the option to maintain control over their personal information.

  [TheDefiant]

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