Synthetic stablecoin developer Ethena Labs is winding down its German operations less than a month after regulators identified “deficiencies” in its dollar-pegged USDe stablecoin, signaling heightened scrutiny around crypto assets in Europe’s largest economy. Ethena Labs reached an agreement with Germany’s Federal Financial Supervisory Authority, also known as BaFin, to cease all operations of its…

Major Web3 ecosystems organize gatherings around the world to ensure that market dips or macroeconomic crises do not hinder the development and the “BUIDL” philosophy of the blockchain community. Two back-to-back events in Hong Kong — the BNB Chain Super Meetup and the exclusive Most Valuable Builder (MVB) Season 9 Offsite — brought together some…

Local governments in China are reportedly seeking ways to offload seized crypto while facing challenges due to the country’s ban on crypto trading and exchanges. The lack of rules around how authorities should handle seized crypto has spawned “inconsistent and opaque approaches” that some fear could foster corruption, lawyers told Reuters for an April 16 report. Chinese…