Kraken CEO Jesse Powell Slams Tornado Cash Sanctions

Powell joined the chorus of voices calling the Tornado ban “unconstitutional,” adding that it was a “knee-jerk” response to Terra’s collapse.

This Week on Crypto Twitter: Tornado Cash Sanctions Slammed, Vitalik Criticizes MakerDAO Proposal

The prices of leading cryptocurrencies began to rebound, but the state of the industry still gave Crypto Twitter plenty to criticize. 

This Week in Coins: Ethereum and Avalanche Rally, Crypto Winter Still Not Over

Leading coins rose in anticipation of the Ethereum merge. But there are still signs of ongoing liquidity problems in the industry.

‘It Doesn’t Change Anything’ Says Tornado Cash After Code Disappears From GitHub

The source code for crypto privacy mixer Tornado Cash has been removed from Github, prompting outcry from privacy and free speech advocates.

Hodlnaut Joins Long List of Crypto Firms Freezing Withdrawals

Hodlnaut is the latest crypto lender to pause withdrawals in order to “stabilize liquidity” amidst the sector’s ongoing insolvency troubles.

This Week on Crypto Twitter: Michael Saylor Leaves CEO Role to ‘Focus More on Bitcoin,’ Nomad and Solana Get Hacked

Also: A British crypto troll was ordered by the U.K. High Court to pay 1 pound in damages to a podcaster.

This Week in Coins: Companies Report Big Bitcoin Impairment Charges but Markets Mostly Shrug

Elsewhere, the need to enact clearer crypto regulations bridges party divides in both the U.S. and in the U.K.

Crypto Wallet Maker Ledger Eyes Fresh $100M Raise: Report

Ledger is in talks to raise $100 million. Sources say that business is growing as investors turn to cold storage to safeguard their crypto.

This Week on Crypto Twitter: Wikipedia Accused of Playing Politics, Coinbase-Bored Ape Collab Widely Jeered

Elsewhere, CZ confirmed meeting with Turkey’s finance minister to discuss the blockchain ecosystem and crypto assets.

This Week in Coins: Bitcoin and Ethereum See Continued Growth as Merge Looms

The crypto market held steady this week even after the Fed announced another interest rate hike of 75 basis points.