The exchanges, targeted by the SEC for violating federal securities laws, have endured a significant wave of user withdrawals but managed to process transactions in an orderly fashion so far.
CFTC Wins Lawsuit Against Ooki DAO
Binance’s BNB Token Saw Millions in Sell Orders Right Before SEC Lawsuits
In trading, timing is everything and it appears that some traders put in well-timed sell orders for BNB, ahead of the massive SEC crackdown against crypto exchange Binance on June 5.
Bitcoin Payments Firm Strike Moves Custody In-House After Ditching Third-Party Services
The move is a “culmination of over two years of effort,” according to Strike CEO and cofounder Jack Mallers.
Crypto.com Winding Down U.S. Institutional Business
Singapore-based crypto exchange Crypto.com will no longer be offering its service to institutional clients in the U.S. due to “limited demand,” the company announced Friday.
Louis Vuitton’s Soulbound Luxury NFTs, Apple’s Expensive Vision
Sotheby’s will sell Dmitri Cherniak’s “The Goose” NFT at a live auction this month, while Mercedes Benz released a collection inspired by its luxury vehicles.
Ethereum’s Buterin Releases Roadmap Addressing Scaling, Privacy, Wallet Security
In his blog post, Buterin shares that the network needs to address these components simultaneously, otherwise the blockchain fails.
Mt. Gox’s Hackers Are 2 Russian Nationals, U.S. DOJ Alleges in Indictment
The U.S. Department of Justice charged Russian nationals Alexey Bilyuchenko and Aleksandr Verner with hacking Mt. Gox in 2011, at the time one of the biggest thefts in the crypto industry.
Ether Options Market Makers Are ‘Long Gamma’ at $1.8K
Traders said market makers are holding options with a $1,800 strike price and are likely to influence prices as they try to keep their portfolios direction-neutral.
Curve Finance CEO Egorov Sued by 3 DeFi-Focused Venture Capital Firms
Michael Egorov, the CEO of decentralized finance (DeFi) firm Curve Finance, is being sued for fraud by venture capital firms ParaFi Capital, Framework Ventures and 1kx in the U.S.
Robinhood Ends Support for Some Tokens Named in SEC Lawsuit as Securities
The popular trading platform will end support for Cardano (ADA), Polygon (MATIC) and Solana (SOL) on June 27th.
Former CFTC Chairman Heath Tarbert Joins Circle as Chief Legal Officer
Tarbert will guide the company’s global strategy as it contends with regulatory issues in the U.S.
First Mover Americas: Binance.US Suspends Dollar Deposits
The latest price moves in bitcoin (BTC) and crypto markets in context for June 8, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Bitcoin Trades at Narrow Discount on Binance.US
News of a possible halt in U.S. dollar withdrawals sparked an increase in bitcoin trading as customers looked to remove their assets from the exchange, one observer said.
Hut 8 Says Repairs to Damaged Crypto Mining Equipment Are Taking Longer Than Expected
The delays are impairing the miner’s hashrate and bitcoin production.
EU Governments Friendly to Tough Crypto Bank-Capital Restrictions, Negotiator Says
A deal on new banking laws may be imminent, and will likely treat lenders’ crypto holdings as highly risky.
Hong Kong Monetary Authority to Prepare for Retail CBDC
The regulator will start conducting in-depth studies and pilots on the implementation of a future e-HKD.
Crypto Exchange OKX Burns $258M of OKB Tokens in Record Move
OKX periodically buys back and burns the tokens to gradually reduce their supply on the open market.
Cardano Developer Rejects SEC Claim Its ADA Token Is a Security
“Under no circumstances is ADA a security under U.S. securities laws,” IOG said.
Vitalik Buterin’s Shiba Inu Donations to Power New Round of India Covid Relief Funds
Buterin said the new donation would work toward reducing the long-term impact of coronavirus.