Paxos plans to make at least 130 hires in Singapore having obtained a central bank license to offer crypto products and services, Bloomberg reported Monday. Author: Jamie Crawley

Consumer protection and regulation are key ingredients to transforming digital assets into an asset class worth trillions. The FTX exchange’s Sam Bankman-Fried weighs in. Meanwhile, FTX’s FTT token takes a dive after rival Binance announces plans to dump its remaining holdings. Author: James Rubin, Sam Reynolds, Bradley Keoun

Alameda’s CEO offered to buy Binance’s FTT token holdings for $22 apiece. Author: Tracy Wang, Oliver Knight

The Federal Reserve stirred up markets last week, but bitcoin was less reactive than plain old stocks. Crypto Long & Short is CoinDesk’s weekly newsletter featuring insights, news and analysis for the professional investor. Author: George Kaloudis

“Should we tell our followers the big news?,” Google Cloud tweeted an hour before revealing what it was doing with Solana. Author: Nick Baker