Sources: seeking to increase profits, Coinbase hired Wall Street traders and explored using its own cash to trade crypto in 2021, including a $100M transaction (Gregory Zuckerman/Wall Street Journal)

Kaya Yurieff / The Information:
Pinterest says it is ending the creator rewards program that it launched in 2021, which offered cash bonuses when creators completed certain goals  —  Pinterest is ending its creator rewards program, which offered cash bonuses when creators completed goals such as hitting certain engagement metrics, The Information is first to report.

Luc Cohen / Reuters:
Nikhil Wahi, the brother of Coinbase PM Ishan Wahi, pleaded guilty to a wire fraud charge in an ongoing insider trading case, the first of its kind in crypto  —  The brother of a former Coinbase Global Inc (COIN.O) product manager pleaded guilty on Monday to a wire fraud conspiracy charge …

Jeff John Roberts / Fortune:
Six people, including Coinbase employees and prominent crypto developers, sue the US Treasury, Janet Yellen, and officials in Texas over Tornado Cash sanctions  —  Six users of Tornado Cash, a popular decentralized cryptocurrency service, filed a lawsuit on Thursday against the U.S. Treasury Department …

Mat Di Salvo / Decrypt:
Coinbase says Coinbase Wallet will no longer support Bitcoin Cash, Ethereum Classic, Ripple XRP, and Stellar due to “low usage”, starting January 2023  —  America’s biggest crypto exchange has scrapped a number of assets from its self-custody mobile app citing waning customer interest.

Bill Toulas / BleepingComputer:
Researchers find 75 apps on Google Play and 10 on Apple’s App Store that engaged in ad fraud, collectively had 13M installs, and have since been removed  —  Security researchers have discovered 75 applications on Google Play and another ten on Apple’s App Store engaged in ad fraud.

Adam James / The Block:
Research: Binance had a 55.1% market share in spot crypto trading in the past 24 hours and 54.4% of derivatives trading, easily surpassing FTX and others  —  – Binance accounted for more than 55% of the spot crypto market over the last 24 hours.  — The exchange also claimed …