The brother of a former Coinbase employee has been charged with insider trading. An employee of Global Inc. was sentenced to 10 months in prison by a New York federal court on Tuesday for his part in what prosecutors have called the first cryptocurrency insider-trading scheme.

New York Attorney General Letitia James has filed a lawsuit against former Celsius Network CEO Alex Mashinsky, alleging that he defrauded hundreds of thousands of investors at the now-bankrupt cryptocurrency exchange.

The collapse of crypto exchange FTX sparked a run on Silvergate Capital Corp., with the stock price falling 42.60%.

Animoca Brands Corp. is looking to raise around $1 billion this quarter for its new Web3 and metaverse investment fund.

Solana was promoted as a cryptocurrency that could rival ether with its environmentally-friendly approach, quicker transaction times, and more consistent fees.