Cointelegraph

⁠SEC takes action against two meme stock wash traders The SEC asserts that the defendants unlawfully gleaned more than $700,000 through a wash-trading scheme that targeted exchanges offering market maker rebates.

⁠Bitcoin Lightning nodes and channels hit record highs The number of Lightning Network nodes has increased 160% over the past 12 months while the number of channels is up 170% since January.

⁠Facebook announces $50M investment fund tasked with developing its virtual metaverse Facebook has slated $50 million to be spent over the next two years through its XR Programs and Research fund.

⁠Institutional investors bought the dip as China FUD broke While institutional Bitcoin products have experienced outflows for 13 of the past 17 weeks, the sector has now seen three straight weeks of inflows.