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Crypto’s been hit by a regulatory Big Bang. On March 27, the US Commodity Futures Trading Commission sued Binance, the world’s biggest digital-asset exchange, for allegedly allowing US customers to trade on its offshore platform even though it claimed not to. Just the week before, news broke that the US Securities and Exchange Commission is scrutinizing Coinbase Global Inc., the largest US crypto platform, as well as Sushi, a popular “decentralized” app for trading hundreds of tokens.

South Korean prosecutors are making “all out efforts” to have crypto fugitive Do Kwon extradited to the country, Yonhap News reports, citing an official at Seoul Southern District Prosecutors’ Office.

Stinson’s Thomas Salerno analyzes the scope of cryptocurrency bankruptcies that are rippling through various sectors, while demand is still popping up for alternate crypto types, prompting a frenzy of mining that stresses power grids and supply chains.

Hong Kong regulators are convening a meeting between crypto firms and bankers in a bid to ease financing for the sector as the city seeks to establish itself as a hub for virtual assets.

“I’m not an anarchist,” Changpeng Zhao once said. “I don’t believe human civilization is advanced enough to live in a world with no rules.”

Japanese telecom KDDI Corp.has joined gaming blockchain network Oasys, aligning itself with companies such as Square Enix Holdings Co. and Sega Sammy Holdings Inc.that are exploring the so-called metaverse.

In every single corner of the crypto landscape, one name pops up: Binance.