The Daily Data Room: Monday, April 22nd, 2024

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The Daily Data Room is curated by Sílvia Teixeira

Today's headlines highlight the International Monetary Fund's recognition of Bitcoin as a crucial wealth preservation tool, FTX's transfer of over $250 million amid ongoing regulatory challenges, the U.S. SEC's amended complaint against Justin Sun, and Tether's expansion to Telegram amidst an $11 billion minting spree.

• According to the IMF, citizens of countries with tight financial rules are turning to Bitcoin to move capital across borders more freely, claiming that Bitcoin has become an essential financial tool for safeguarding wealth during financial volatility.

• The bankrupt FTX exchange's regulatory difficulties remain during its bankruptcy procedures.

• On April 18, the U.S. Securities and Exchange Commission (SEC) filed an updated complaint in its action against Justin Sun, the founder of TRON and other defendants.

• Tether, the stablecoin issuer, has announced the expansion of its stablecoins to the TON blockchain, enabling cross-border transactions for Telegram’s 900 million users.

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