Cryptocurrencies were already failing when FTX’s malfeasance came to light in November, but the company’s collapse accelerated the coming of the crypto ice age. The status quo became impossible to defend, and the consensus on how to proceed has settled on two possibilities. One sees FTX as an example of why crypto needs more regulation. The other refuses to grant crypto the halo of regulation and argues it should be left to burn.

Thanks to industry lobbying, discussions about regulation are already under way. It would likely require Securities and Exchange Commission registration for most crypto coins and exchanges and eliminate stablecoins that aren’t effectively money-market funds. This would largely clear the crypto landscape in the U.S., leaving only Bitcoin, Ethereum and stablecoins that are completely fiat-backed.

AN AFFORDABLE game of golf is almost as hard to find as that $5 ball you hit into the forest. One reason: Some golf operators have adopted dynamic pricing, which means that, depending on demand, premium tee times are not only difficult to book but can cost more. Still, one needn’t pony up $600 for legendary layouts like Pebble Beach; great golf can be played at lesser-known locales for $100 or even less. After an 18-hole game at these four exemplary spots, you’ll still have enough loose change to foot the bill for a ritual round of beer and banter with your fellow swingers.

1. Desert Deal

Scottsdale, Ariz., is a snowbird magnet and home to over 200 area courses, many of which can set you back a car payment for 18 holes. But with golf, timing is everything: If you visit after high season ends in April, We-Ko-Pa Golf Club in nearby Fort McDowell offers 36 holes of gorgeous Sonoran Desert golf and one of the best 2-round summer deals in the state at $165. Take extra care to stay hydrated, as temperatures can exceed the price paid for a tee-time. Also, check out stay-and-play packages at the adjacent casino resort, but avoid the roulette wheel to use your savings for another round.

ISKENDERUN, Turkey—Rescue teams were in a race against time Wednesday to find survivors from the twin earthquakes that have killed more than 11,000 people in Turkey and Syria, as freezing temperatures continued to complicate humanitarian efforts and Turkish President Recep Tayyip Erdogan visited the affected areas. 

“We are face to face with a great disaster,” said Mr. Erdogan from Kahramanmaras, the center of the quake’s destruction. He said initial problems with rescue operations were beginning to ease but challenges with transporting oil remained.

BELEN, Turkey—As the sun went down Tuesday over Girne Street, dozens of people, their hands and arms limned with ghostly gray dust, silently combed the wreckage of flattened apartment blocks. 

Ismail Parlak and his wife dug through the rubble looking for Mr. Parlak’s mother, entombed, they said, somewhere under six stories of collapsed concrete and contorted metal.

DNIPRO, Ukraine—Russian forces launched multiple attacks in eastern Ukraine, pushing for a breakthrough on the battlefield ahead of the delivery of new Western weapons, although the U.K. cast doubt on the prospects for a major Russian offensive.  

The General Staff of Ukraine’s armed forces said Russia was regrouping and attacking on five fronts in the eastern Donetsk and Luhansk regions, as part of a wider offensive anticipated by Kyiv and its Western allies.