Crypto industry loses its support in the US, but Axie Infinity is still alive

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Crypto industry loses its support in the US, but Axie Infinity is still alive

In their opening statement, Sam Bankman-Fried's legal team painted him not as a fraudster, but a mere businessman who made catastrophic mistakes.

Aleks Gilbert, head coach, explains why it's a Hail-Mary defence with only slim chances of success.

Bankman-Fried's rapidly changing courtroom drama - a growing cast of cryptorati high-rollers, unrelenting flow of new revelations, and very real victims - is a terrible PR for an industry under siege by market watchdogs and politicos, who already paint it as a hotbed for scams and fraud.

The crypto industry lost a major supporter in Washington, as the fallen crypto king faces the music in New York.

Kevin McCarthy's resignation as speaker of the House cleared the way for crypto-firebrand Patrick McHenry to temporarily fill the position.

He's a crypto guy, but his new role may actually hurt the industry's outlook. The Guidance is a good guide for regulatory lowdowns. Axie Infinity isn't dead - How Sky Mavis' chair is planning to revive former web3 darling.

Since 2021, Web3 gaming has experienced a steep decline. Sky Mavis Chair Aleks Larsen says it's not game over for the sector, or for Axie Infinity.

Investor uncertainty in the global economy has resulted in makerDAO being crowned as one of the winners. The protocol is raking it in by playing the US bond market.

Binance users are expecting the 'cascading effect' of potential US criminal charges.

The crypto industry is pondering whether prosecutors will slam Binance with criminal charges.