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  The Wall Street Journal

  Crypto Firms Are Looking Outside the U.S. for Growth

  After a tough clampdown on crypto firms by U.S. regulators this year—including a high-profile case against Binance, the world’s largest crypto exchange—bosses in the sector are now being forced to cook up growth plans that effectively exclude the world’s largest economy. Crypto venture-capital firm Ryze Labs, payments company Ripple Labs and Zodia Markets, a digital-asset trading platform backed by Standard Chartered are all focusing outside the U.S. for growth, executives at these firms said. The members of MakerDAO, a leaderless stablecoin protocol, recently voted to block users based in the U.S. from accessing the platform.

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  CoinDesk

  Eventually, We Are All Ethereum

  History suggests that, slowly but surely, all layer 2s will migrate to the Ethereum, says EY’s Global Blockchain Leader.

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  AP Finance

  FTX attorneys accuse Sam Bankman-Fried's parents of unjustly enriching themselves with company funds

  Lawyers for FTX Trading have filed a lawsuit accusing the parents of its founder Sam Bankman-Fried of exploiting their influence over their son to siphon millions of dollars from the company, while spending lavishly on a luxury home in the Bahamas and funneling contributions to their “pet causes” and Stanford University. The complaint filed Monday against Allan Joseph Bankman and Barbara Fried in the collapsed cryptocurrency exchange's bankruptcy case in Delaware seeks to recover damages allegedly caused to by the couple to the company. FTX entered bankruptcy in November when the global exchange ran out of money after the equivalent of a bank run.

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  Benzinga

  3 REITs With Upgrades Before The Fed Meeting

  The onset of multiple rate hikes by the Federal Reserve in the early spring of 2022 has proven to be a difficult headwind for interest-sensitive assets such as real estate investment trusts (REITs) to overcome. Two reasons REITs struggle in rising interest rate environments are that borrowing money to fund acquisitions becomes more expensive, and Treasury bonds and CDs become lower-risk alternatives for investors seeking income. With the Federal Reserve scheduled to meet this week, you might not

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  Bloomberg

  Obesity-Drug Mania Propels Top Stock Fund to Beat 94% of Peers

  (Bloomberg) -- A top-performing equity fund with years-long investments in the insulin makers behind the recent weight-loss stock frenzy is betting the rally has further to run.Most Read from BloombergVegas’ Newest Resort Is a $3.7 Billion Palace, 23 Years in the MakingTrudeau’s Murder Claim Risks Upending US Courtship of IndiaDollar Rally Is Crushing One of the Most Popular Trades of 2023F-35 Debris Found After a $100 Million Fighter Jet Went MissingNovo Nordisk A/S and Eli Lilly & Co. are amon

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  Barrons.com

  Cisco to Buy Splunk in Deal Valued at $28 Billion

  FEATURE Networking equipment giant Cisco Systems said Thursday it would acquire Splunk a cybersecurity and data analytics software company, for $157 a share in cash in a deal with an enterprise value of about $28 billion.