Crypto-Skeptic Sen. Sherrod Brown Is Open to Advancing Stablecoin Legislation, Bloomberg Reports

Crypto Venture Capital Firm Paradigm Looking to Raise Up to $850M for New Fund: Bloomberg The VC is looking to raise between $750 million and $850 million, Bloomberg reported citing source familiar.

Jump Trading, Wormhole Part Ways Amid Tough Crypto Market: Bloomberg Although Jump has been scaling back its crypto-related operations, the reason for the business’ parting of ways remains unclear, Bloomberg reported.

UBS Group’s Wealthy Clients Can Now Trade Some Crypto ETFs in Hong Kong: Bloomberg The news comes a day after HSBC, one of the world’s largest banks, said it plans to start a digital-assets custody service for institutional clients.

Hong Kong Now Considering Spot Crypto ETFs for Retail Investors: Bloomberg The move comes a month after authorities in the City updated financial regulations to allow for retail investors to buy spot crypto ETFs.

Binance Founder CZ’s Wealth Falls About $12B as Trading Revenue Slumps: Bloomberg Changpeng Zhao’s wealth dropped to $17.2 billion from a previous estimate of $29.1 billion.

Bloomberg: 13-Inch MacBook Pro With M3 Chip Unlikely to Be Announced at ‘Scary Fast’ Event A new version of the 13-inch MacBook Pro featuring the M3 chip is unlikely to appear at Apple’s “Scary Fast” Mac event next week, according to Bloomberg’s Mark Gurman. In the latest edition of his “Power On” newsletter shared over the weekend, Gurman said that supplies of the 13-inch MacBook Pro were running low and indicated that it could be r…

JPMorgan Handles $1B Transactions Daily In Digital Token JPM Coin: Bloomberg JPMorgan has plans to widen the coin’s usage the bank’s head of payments Takis Georgakopoulos said in an interview.

Hong Kong-Based Crypto Exchange OSL’s Owner Weighing Sale at $128M Valuation: Bloomberg BC Technology may elect to sell parts of OSL’s business rather than the whole entity, according to the report, citing people familiar with the matter.

Crypto Exchange Kraken to Explore Stock Trading: Bloomberg The service could launch as soon as 2024, Bloomberg reported, citing a person familiar with the matter.

Bloombert Outlines Succession Plan for Bloomberg L.P. “At 81 years old, common sense says I should have succession plans,” the former New York City mayor said at The Times’s Climate Summit on Thursday.

Michael Bloomberg Goes After Petrochemicals The former New York City mayor is spending some of his wealth to try to block the construction of petrochemical plants. But this fight may be tougher than his earlier efforts to close coal-burning power plants.

Ripple Will do 80% of its Hiring This Year Outside the U.S: Bloomberg Brad Garlinghouse said the firm will look into hiring in countries where there is regulatory clarity.

Michael Bloomberg: How Biden and Congress Should Fix the Immigration Crisis in Our Cities The collapse of an orderly asylum process has left New York City struggling.

Former FTX Executive Ryan Salame Will Plead Guilty to Charges: Bloomberg

Crypto Exchange Kraken’s UK Derivatives Unit Looking to Expands Its Service: Bloomberg The firm is looking move into a void in the crypto derivatives market left when FTX collapsed last November.

What May Happen to Mike Bloomberg’s Company After He Leaves A leadership reshuffle at the financial data giant has rekindled questions about a future sale or a move to take the company public.

Grayscale’s SEC Victory May Render Alameda’s Redemptions Lawsuit Unnecessary, Bloomberg Analysts Say The ruling could lead to Grayscale’s GBTC converting into a bitcoin ETF, which would allow redemptions, making Alameda’s suit unnecessary, Bloomberg Intelligence analysts said in a note on Wednesday.

MoonPay Offers Binance.US a Solution to Crypto Payments Suspension: Bloomberg The U.S. exchange’s customers now have the option of buying stablecoin USDT using their debit or credit cards, Apple Pay or Google Pay and then converting it into crypto tokens.

Ether Futures ETFs Are Poised for U.S. Approval, Bloomberg Reports They would join bitcoin futures ETFs that are already approved.