According to Bloomberg, Berachain recently received $100 million in financing, about 45% higher than previously reported. It is reported that this is a blockchain platform founded by an anonymous founder who uses a bear-themed nickname. According to a statement, Brevan Howard Digital's Abu Dhabi branch and Framework Ventures co-led the Series B financing, and other participants included Polychain Capital, Hack VC and Tribe Capital. Investors supported Berachain through a "SAFT" or simple agreement for future tokens. Last month, Bloomberg said that Berachain raised more than $69 million and was valued at at least $1 billion. The company declined to provide a revised valuation. (Bloomberg)

Pravjit Tiwana, who has worked at Amazon and Disney, will leave Gemini's chief technology officer position this month, according to Bloomberg. The report cited two anonymous sources. Tiwana also reportedly served as CEO of Gemini APAC. The chief technology officer's efforts to bring Gemini's company culture closer to Amazon's have led to some employee departures. The report also stated that Tiwana’s responsibilities at the company include overseeing product, engineering and design.

Court records show that FTX Advisors has been providing information about client accounts and transaction-related records to federal law enforcement agencies across the United States. In recent months, company advisers have collected FTX client data in response to subpoenas from at least five FBI field offices, including extracting information on specific client transactions, investigating accounts and sifting through cloud computing data, according to billing records provided by consulting firm Alvarez & Marsal. . (Bloomberg)

Former Celsius CEO Alex Mashinsky was arrested Thursday morning local time, according to Bloomberg.

Deutsche Bank has applied for a regulatory license to provide custody services for digital assets such as cryptocurrencies, Bloomberg reported. “We are building our own digital asset and custody business, and we have submitted an application for a digital asset license to BaFin,” said David Lynne, head of Deutsche Bank’s commercial banking division.

U.S. prosecutors had been investigating Signature Bank’s work with cryptocurrency clients before regulators swooped in last weekend, according to Bloomberg. Justice Department investigators in Washington and Manhattan are looking into whether the New York bank did enough to detect potential money laundering by customers, such as scrutinizing who opened accounts and monitoring transactions for signs of crime, the people said. The U.S. Securities and Exchange Commission (SEC) is also looking into the matter, two of the people said, speaking on condition of anonymity. The head of the US SEC said at the time that if violations of federal securities laws were found, they would investigate and take enforcement action.

U.S. digital asset bank Anchorage Digital will lay off about 20 percent of its workforce, or 75 people, and cited the uncertain regulatory environment for cryptocurrencies in the U.S. as a factor in its decision, Bloomberg reported. Anchorage Digital said, “The need for better cryptocurrency infrastructure is becoming clearer, and for us this means staying firmly focused on our role as a The identity of the clear qualified custodian.”

Former FTX CEO Sam Bankman-Fried (SBF) declined to testify remotely in the Voyager Digital bankruptcy case, Bloomberg reported. SBF's attorney, Marc R. Lewis, had asked the court on Tuesday to deny the summons from attorneys for Voyager's unsecured creditors. The attorney argued that the subpoena should be dismissed because it was not properly served, is unreasonable, and may require the FTX CEO to invoke his Fifth Amendment constitutional rights to avoid incriminating himself. The subpoena, which previously ordered SBF to appear in person at McDermott Will & Emery's San Francisco office on Feb. 23 to answer questions, included 49 separate and wide-ranging document requests to be filed by Feb. 20.

FTX CEO Sam Bankman-Fried (SBF) is considering a bid for the assets of bankrupt crypto lending platform Celsius Network, Bloomberg reported citing sources, who also said FTX is also raising $1 billion. Foresight News previously reported that FTX won the Voyager Digital asset auction with a bid of US$1.422 billion.