Coinbase shares tumbled 16% Thursday, after the company disclosed late Wednesday it had received a Wells Notice from the Securities and Exchange Commission. Author: Sam Reynolds

Arbitrum’s token airdrop started off in a frenzy that broke multiple websites, and yet more than 428 million ARB tokens are left to be claimed. Author: Sage D. Young

The funding round was led by market maker and investment firm DWF Labs and gives the firm a valuation of $400 million. Author: Jamie Crawley

Arbitrum is decentralizing by launching its governance token ARB. Author: Omkar Godbole

ALSO: The SIM card offers the security of a hardware crypto wallet but with more convenience, says Conflux’s chief technology officer in a Q&A with CoinDesk’s Shaurya Malwa. Author: Shaurya Malwa, James Rubin

The exchange says no other services will be affected by this change. Author: Helene Braun

Gotchichain is a permissioned version of Polygon optimized for Aavegotchi-themed games and dapps. Author: Sage D. Young

Over 8.4 million bnb tokens have been committed to the Space ID token sale, which was raising $2.5 million from exchange users. Author: Shaurya Malwa

Author: Sam Reynolds, Noelle Acheson

The Animoca Brands chairman said at the Outer Edge conference in Los Angeles, California, that among major international game publishers, those located across Asia are more active in Web3 development. Author: Cam Thompson

Tal Broda, who joined Paradigm a year ago from Citadel Securities, said he would pursue opportunities closer to his prior experience. Author: Ian Allison

A Crypto Rank team of analysts wrote that “despite the inherent volatility of the cryptocurrency market, venture capitalists…continue to pour significant investments into the industry.” Author: Sam Reynolds