Crypto lender Nexo buys a stake in the parent of Summit National Bank, a US regulated bank, paving the way for it to offer US licensed banking services (Ryan Browne/CNBC)

Nikhilesh De / CoinDesk:
Crypto lender Nexo says it will exit the US market altogether in the coming months and immediately halt access to its Earn Interest Product in eight states  —  Nexo will immediately suspend access to its Earn product in several U.S. states.  —  Crypto lender Nexo announced Monday …

Michael McSweeney / The Block:
NY, CA, and several other states take action against crypto lender Nexo, from sending cease and desists to suing, with interest-bearing accounts a main focus  —  A group of U.S. state regulators announced an array of legal actions against crypto lender Nexo on Monday.

Ryan Browne / CNBC:
The EU commissioner for the internal market warns that Twitter will have to comply with EU’s new digital regulations, saying “the bird will fly by our rules”  —  – Thierry Breton, EU commissioner for the internal market, said Twitter will have to “fly by our rules” after Elon Musk’s $44 billion purchase of the company.

Jamie Crawley / CoinDesk:
FTX Ventures buys 30% of Anthony Scaramucci’s SkyBridge Capital for an undisclosed amount; SkyBridge will use some of the funds to buy $40M in cryptocurrencies  —  SkyBridge will invest some of the funds into crypto assets for its balance sheet.  —  FTX Ventures, the investment arm …

Kate Rooney / CNBC:
Mastercard partners with Paxos for a program to let financial institutions offer cryptocurrency trading to their clients  —  – Mastercard is launching a program to let financial institutions offer cryptocurrency trading to their clients.  — The payments giant will act as a “bridge” …

Ryan Browne / CNBC:
Mastercard announces Crypto Secure, which uses AI to help banks identify and stop transactions from fraud-prone crypto exchanges, powered by CipherTrace’s tech  —  – Mastercard will on Tuesday launch a new product called Crypto Secure that helps banks assess the risk of crime associated with crypto merchants on its network.