The arrest is the first concrete move by regulators to hold individuals accountable for the multibillion-dollar implosion of FTX last month.

The SEC has successfully cracked down on digital currency exchanges prior to the failure of crypto giant FTX, Gensler said.

Walmart is entering the metaverse with two experiences, Walmart Land and Walmart's Universe of Play, in gaming platform Roblox.

Unlocking the full potential of Web3 will require interoperability among metaverses, Zuckerberg said.

Binance Labs, the company's venture arm, has raised $500 million for a fund dedicated to investing in Web3 start-ups.

South Korea’s investment of around $177.1 million is among the first investments in the nascent industry to be made by a national government and is a cautious first step into the metaverse.

Tether gives users a way to move funds between exchanges quickly and offers some level of protection from other cryptocurrencies’s price volatility.

Wood, a longtime bitcoin bull, has been buying up proxies for the digital asset in names such as Coinbase and Grayscale Bitcoin Trust.

JPMorgan’s move could provide a boost to the broader blockchain and cryptocurrency industries, whose proponents believe mainstream adoption is nearing.

The Coinbase Card will be available in Spain, Germany, France, Italy, Ireland, and the Netherlands. The card allows users to spend cryptocurrencies like Bitcoin, Ethereum, and Litecoin in stores and online at any merchant that accepts Visa. This all comes as startups, banks, and tech companies are trying to make crypto payments and trading more accessible.