Crypto think tank Coin Center filed a suit against the U.S. Treasury Department and Internal Revenue Service on Friday, claiming a crypto tax reporting requirement enshrined in a 2021 infrastructure law is “unconstitutional.” Author: Nikhilesh De

The collapse of terraUSD only added extra fuel to the fire of those saying the sector needs regulatory clarity, and fast. Author: Jack Schickler

The attacker has already cashed out 1 million tokens and kept an additional 1 million. Author: Sam Kessler

Futures tracking the two tokens racked up nearly $18 million in liquidations over the past day in a higher-than-usual move. Author: Shaurya Malwa

Digital payments firm Flexa plans to buy marketing technology company Drop Party to engage with customers through various online campaigns. Terms of the deal weren’t disclosed. Author: Michael Bellusci