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SEC nets record $8.2B from enforcement, mostly from Terraform Labs

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Terraform Labs’ near $4.5 billion settlement with the SEC has contributed to a record year for the agency’s financial penalties.

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Crypto miners in Texas’ ERCOT region are now required to report power demand

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PUCT Chairman Thomas Gleeson said the new rule was designed to help manage the power grid as more mining facilities come online.

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Elon Musk, the world’s richest man, hits record $348B net worth

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The new wealth record has been driven by a Tesla stock surge late last week and a $50 billion funding round for Musk’s AI startup. 

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Decentralized science is like early DeFi in 2019: Crypto VC

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Mechanism Capital’s Andrew Kang said DeSci protocols will likely change their existing models before evolving into more market-ready products.

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