Friday, June 9, 2023

After the SEC's recent actions and failures of FTX, Celsius, and Luna, Republican lawmakers proposing a crypto market bill is a jarring gift to the industry (Hilary Allen/Financial Times)

Hilary Allen / Financial Times:
After the SEC's recent actions and failures of FTX, Celsius, and Luna, Republican lawmakers proposing a crypto market bill is a jarring gift to the industry  —  Republican proposal for new legislation would legitimise the digital asset industry and undermine investor protection



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Chinese video game giant NetEase reports Q4 revenue up 3% YoY to ~$4B and net profit down 29% to ~$903M, below ~$1.2B est., as it pushes self-developed games (Sherry Qin/Wall Street Journal)

Sherry Qin / Wall Street Journal : Chinese video game giant NetEase reports Q4 revenue up 3% YoY to ~$4B and net profit down 29% to ~$903...