Binance founder Changpeng Zhao's fortune has declined by nearly $12 billion, leaving him with around $17 billion, according to the Bloomberg Billionaires Index. The index revised its Binance revenue estimate by 38%. Separately, Gemini sued its former business partner, Genesis Global, for approximately $1.6 billion worth of Grayscale Bitcoin Trust shares that were given as collateral to users of Gemini's Earn product. The United States is also tackling illicit terrorist financing, urging crypto companies to do more to prevent it. Turkey plans to introduce crypto regulations in 2024, and studies are underway to define crypto assets and taxation. Additionally, Tarun Chitra's startup Aera raised $8 million from Bain Capital and Jump Trading to develop a decentralized protocol for managing DAO finances.