Industry
SEC Hears Comments from House Republican Blockchain Association on Proposed Definition of "Exchange"
The US Securities and Exchange Commission (SEC) has extended the comment period on its proposed amendment to Rule 3b-16 of the Securities Exchange Act of 1934, which ended on June 13.Christopher SmithSEC and Binance.US Negotiate Deal to Avoid Total Asset Freeze
Binance.US and the US Securities and Exchange Commission have agreed to create an arrangement that would save the exchange from freezing all of its assets.Martha GrizzardCrypto Industry 'Destined' to Be Bitcoin-Centric Because of Regulators
US Regulators' Enforcement Action Against Cryptocurrency Firms May Cause BitcoinHallie GillStablecoin Market Reopens Three Days After $800,000 Exploit
Decentralized finance (DeFi) protocol Sturdy Finance recently reopened its stablecoin market following a recent attack on its platform.James DeanCrypto Trading Bot Gets $3 on Borrowing $200M
A cryptocurrency trading bot programmed to execute arbitrary transactions performed various complex maneuvers within the ethereum blockchain including securing a $200 million flash loan to secure a profit of just $3.24.Barry StidhamHashflow Guarantees Users Will Be Whole After $600,000 Exploit
Cryptocurrency trading platform Hashflow has assured that affected users will be "intact" after the breach resulted in the removal of at least $600,000 in digital assets from the platform.Craig GreenAave Proposal to Freeze Curve Founder's Loan Sparks Controversy
June 12 AAVE The proposal to prevent specific accounts from accumulating more debt has sparked controversy, with some participants arguing that it violates the principles of censorship resistance or “neutrality” in decentralized finance, or DeFi.Christopher SmithUniswap Releases Version 4 of Code, Allowing New Type of Liquidity Pools
Uniswap Labs released a code draft for Uniswap v4, announcing the move in a June 13 blog post by Uniswap founder Hayden Adams. The new code features "hooks" or plugins that allow developers to create custom liquidity pools.Cornell RachelCurve Pool Imbalance Raises Concerns About USDT Decoupling, Tether CTO Calls FUD
Tether, The stablecoin deviated slightly from its peg to the US dollar on June 15 due to Curve's 3pool imbalance. USDT price fell 0.3% to around 0.997 and its weight in the curve 3pool increased to over 70% from the usual 33.1%.James DeanDeFi Options Platform Uses Social Logins, Margin Trading to Attract Liquidity
According to a June 15 announcement, a DeFi options platform uses social logins and undercollateralized trades to attract just-launched liquidity providers. The protocol, called "Synquote," is capable of handling large trades with much less slippage than previous options platforms, the team claims.Cornell RacheldApp Store Kit powers Web3 game development with new technology stack
The DApp Store Kit, initially incubated by Polygon Labs, will integrate Ready Games' mobile game development kit to help developers launch Web3 games.Wayne IngramSBF seeks to cut new charges from trial, says proceedings could take 'years'
Lawyers for former FTX CEO Sam Bankman-Fried (also known as "SBF") are seeking to sever or dismiss six charges in his upcoming trial, claiming it could take years for Bahamian courts to rule on whether they allow him to He will stand trial For those crimes, according to a June 12 filing in federal court in New York.Hallie GillAMD shows off new AI chip to challenge Nvidia's dominance
On June 13, Advanced Micro Devices (AMD) revealed new details about an artificial intelligence (AI) chip that could challenge market leader Nvidia.Barry StidhamSouth Korean Bitcoin Lending Platform Delio Suspends Withdrawals
Delio, a South Korea-based virtual asset manager and lending platform, has announced it is suspending customer withdrawals “to securely protect assets currently in custody for customers.”Christopher SmithHaru Invest launches criminal case against consignment operator
B&S Holdings, formerly known as consignment operator Aventus, has been accused by Korean income platform Haru Invest of submitting fraudulent management reports containing "false information" and defrauding the company and its users.Cornell RachelJack Dorsey's Relief Fund Pledges $5M to Bitcoin-Focused Nonprofits
Brink, a nonprofit organization aimed at supporting bitcoin developers, has announced a $5 million donation from Block CEO Jack Dorsey and his Start Small funding group.Martha Grizzard3AC liquidators file motion for contempt of Kyle Davis
Three Arrows Capital (3AC) co-founder Kyle Davis should be held in contempt of court for ignoring a subpoena related to the bankruptcy proceedings,Craig GreenSotheby's Auctions Dmitri Cherniak's "The Goose" NFT From 3AC Collection for $6.2M
Sotheby's has sold a digital artwork from the collection of defunct crypto hedge fund Three Arrows Capital (3AC) for more than $6 million.Christopher SmithFed, SEC probe Goldman Sachs over Silicon Valley Bank securities portfolio
Goldman Sachs is now facing scrutiny from the US Federal Reserve and the US Securities and Exchange Commission (SEC) for its involvement in buying a portfolio of Silicon Valley Bank securities before the bank collapsed,Martha GrizzardInvestors Want Crypto, But Not Without TradFi's Backing
Professional investors remain enthusiastic about cryptocurrencies but want the backing of large traditional financial institutions before taking the plunge themselves, according to a survey by Nomura's digital assets unit.Wayne Ingram
