CryptoEconomy

Alabama's SB 277, enacted on April 2, establishes a legal framework for decentralized nonprofit associations. This allows them to utilize blockchain technology for governance, property acquisition, and operations, clarifying their legal standing in the state.

The CFTC resolved its case against Nishad Singh, imposing a $3.7 million disgorgement and bans for cooperation during investigations. This outcome highlights the importance of regulatory oversight in the crypto market and may influence future cases.

Venture capital firm Paradigm is developing a specialized trading terminal for prediction markets, led by partner Arjun Balaji. This initiative, reflecting confidence in prediction markets' potential, aims to enhance trading opportunities and compete with existing platforms.

Mercor, a marketplace linking over 30,000 professionals with AI companies, has chosen Stripe for financial infrastructure. The integration facilitates international payments, compliance, and quick payouts, enhancing payment speed and reliability for users.

In March, crypto hacks cost $52 million across 20 incidents, a 96% rise from February. The Resolv Labs exploit was the largest, losing over $25 million and causing systemic debt in DeFi. Additional thefts included a violent robbery of $24 million.