The Block

A Montenegro court has again canceled the approval of the Terraform Labs co-founder Do Kwon’s extradition to South Korea or the U.S.

Quick Take Superform Labs has raised $6.5 million in funding led by Polychain Capital. The startup has launched a cross-chain crypto yield marketplace, aiming to make DeFi easy to use.

Quick Take Seoul prosecutors accuse the former Terra executive of earning $40 million worth of illicit proceeds by defrauding investors. The former CFO was extradited from Montenegro Monday after being arrested with former Terra chief Do Kwon in March 2023.

Quick Take Former Consensys product lead Ben Edgington has joined OP Labs. Edgington took the role as the lead technical program manager at the firm.

Quick Take South Korean prosecutors are reportedly examining if Wemade withheld giving private keys to users, which would mean that Wemade violated local reporting rules.

BlackRock and Fidelity’s spot bitcoin ETFs hold an advantage over GBTC in at least two liquidity metrics, according to JPMorgan analysts.If GBTC doesn’t reduce its fees, the fund will likely see more outflows, the analysts said.

Quick Take The SEC said TradeStation broke securities laws when offering its interest-earning crypto deposit accounts.

Quick Take The process of creating and redeeming shares in exchange traded funds had earlier been at the forefront of meetings between the Securities and Exchange Commission and issuers looking to launch spot bitcoin ETFs.

Quick Take The US Treasury released its 2024 National Risk Assessments on Money Laundering, Terrorist Financing, and Proliferation Financing, which highlighted illicit finance threats, vulnerabilities and risks in the U.S.

Quick Take StarkWare CEO Eli Ben-Sassons provides an overview of the Starknet ecosystem.