Things move fast in the metaverse and in the wider world of web3 as a whole. Here’s what you need to know from last week:

The US Department of Justice announced yesterday that it seized over $3.36 billion worth of Bitcoin from James Zhong in 2021. / Adobe S

The US Department of Justice announces the seizure of Bitcoin valued at more than 3.36 billion dollars. In a statement released yesterday, the Department announced that law enforcement seized over 50,676 Bitcoin from James Zhong, who had…