Millions worth of pepe tokens are held by a small number of wallets, with one such wallet seemingly a memecoin bull. Author: Shaurya Malwa

ALSO: Although Do Kwon is in a lot of trouble, his lawyers have raised a legitimate issue about crypto regulation in the U.S, and the SEC’s quest for unlimited jurisdiction over the asset class. Author: Sam Reynolds

Republicans on the House Financial Services Committee are taking another swing at stablecoin legislation with a discussion draft revealed Monday afternoon, which may mark a new starting point for negotiations with Democrats. Author: Jesse Hamilton, Nikhilesh De

The U.S. Treasury Department’s sanctions watchdog banned three North Korean individuals for supporting the Lazarus Group, a North Korean hacking team known for crypto thefts. Author: Nikhilesh De, Jesse Hamilton

The country’s central bank wants people to be able to exchange Zimbabwe dollars for the gold-backed token so they can hedge against the currency’s volatility. Author: Camomile Shumba