WAO ART #353

The government of President Bola Tinubu has ordered the shutdown of Bureau De Change centers in Abuja, Nigeria's capital, in an attempt to save face over the falling value of the naira. The Department of State Services has taken over the market as the government tries to stabilize the currency.

A South Korean prosecutor is on trial for allegedly passing sensitive information to a virtual asset investment fraudster. The prosecutor is accused of violating the Attorney General Act by informing the fraudster's broker of a search and seizure against the client.

Three European central banks, including the European Central Bank (ECB), the Bank of International Settlements (BIS), and the Dutch Central Bank (DNB), are actively working to weaken Bitcoin. The European Union is developing regulations that could effectively ban Bitcoin by 2025.

Celsius Network has emerged from bankruptcy and will distribute $3 billion to its creditors. The company froze withdrawals in June 2022 before declaring Chapter 11 bankruptcy. The reorganization plan, approved by 98% of account holders, involves distributing over $3 billion to creditors.

Solana's largest DeFi platform, Jupiter, experienced a record trading volume of $1.38 billion in the last 24 hours after a successful airdrop event and token launch. The launch and airdrop event generated significant interest, with the Web3 wallet Phantom reporting a threefold increase in traffic.

The International Monetary Fund (IMF) has approved the disbursement of $4.7 billion to Argentina after the country implemented reforms under President Javier Milei. The IMF board also extended the program until December 2024 and approved modifications to program targets.

The Australia-US Act deal, which aims to streamline law enforcement data access, has officially come into force. The agreement allows law enforcement agencies from both countries to access data held by tech companies. The deal is expected to enhance international cooperation.