TOP 3 #NEWS Today

1. Terraform Labs and Former CEO Settle SEC Charges: The company behind the failed Terra blockchain, Terraform Labs, along with its former CEO Do Kwon, have reached an agreement to pay a combined $4.5 billion to resolve civil fraud allegations made by the U.S. Securities and Exchange Commission (SEC). #sec

2. Paxos Implements Workforce Reduction: Despite maintaining a strong financial standing, stablecoin issuer Paxos has downsized approximately 20% of its workforce. CEO Charles Cascarilla stated that this decision positions the company to effectively pursue opportunities in tokenization and stablecoins. #PaxosTreasury

3. Coinbase Reports Surge in Web3 Projects: Nasdaq-listed cryptocurrency exchange Coinbase revealed that Fortune 100 companies experienced a 39% year-over-year increase in their Web3-related initiatives during the first quarter of this year, reaching a new peak. #coinbase