Markets
North Korean Hackers Steal Over $100 Million From Atomic Wallet Users
Atomic Wallet, a non-custodial decentralized wallet, has been hit by a stunning attack that has resulted in users reporting losing their entire cryptocurrency portfolios.Sherry CantwellAI startup from ex-Meta and Google researchers raises $113M in seed funding
A new artificial intelligence (AI) startup and rival to ChatGPT creator OpenAI has raised $113 million in seed funding, bringing its valuation to $260 million just two months after launching.James DeanCoinbase Redeems $65M Convertible Notes at 29% Discount
Cryptocurrency exchange Coinbase has reached an agreement to redeem $64.5 million of 0.50% convertible senior notes due 2026, according to a June 15 announcement.Sherry CantwellDubai's VARA Approves OKX's 'Preliminary' License as Part of Exchange Expansion Plan
Middle Eastern cryptocurrency exchange OKX has reported that Dubai's Virtual Assets Regulatory Authority (VARA) has granted the company a Minimum Viable Product Preparation License as part of its expansion plans into the region.Barry StidhamHinman filing in Ripple case raises questions about SEC's motives
Newly released Hinman documents related to the ongoing legal battle between Ripple and the US Securities and Exchange Commission (SEC) reveal divisions within the SEC and call into question its motives.Cornell RachelDo Kwon travels to Montenegro for extradition detention after being released on bail
Terraform Labs co-founder Do Kwon will be extradited and detained in Montenegro, Radio Free Europe (RFE) regional edition reported. He also faced questions about his relationship with local politicians.Martha GrizzardBinance Files to Deregister in Cyprus, Says Focus on 'Larger Market'
Binance appears to be preparing to exit Cyprus. On its website, the CySEC flagged Binance Cyprus Limited as “under review for deregistration application.”Christopher SmithEU AI bill passes parliament
The European Parliament has adopted the EU AI Act, a comprehensive legislative framework for the governance and oversight of AI technologies in the EU. Parliament passed the measure in a June 14 vote, with the bill receiving a majority of 499 to 28 with 93 abstentions.Cornell Rachel"All SEC Statements Fail" - Binance .US Denies Motion to Freeze Funds
Binance.US has asked a court to reject the securities regulator's proposed temporary restraining order on its assets, claiming that such a move would “effectively wind up” its operations.Hallie GillSEC and Binance Seek Compromise Over Freeze of US Assets
The US Securities and Exchange Commission (SEC) and BAM Trading (Binance's US arm) recently filed a request for a consent order to ease some of the restrictions previously imposed by the SEC on freezing the company's assets.Craig GreenUS court rejects BitGo's claim in $100 million lawsuit against Galaxy Digital
The US Court of Chancery in Delaware has largely dismissed a lawsuit by digital asset custodian BitGo after cryptocurrency investment firm Galaxy Digital abandoned its takeover bid for the company in 2022.Sherry CantwellBinance CEO CZ Responds to Data Pointing to Billions in Exchange Outflows
While data suggests that crypto asset flows out of centralized exchanges accelerated last week, Binance CEO Changpeng Zhao thinks the situation may not be as bad as it seems.Barry StidhamHong Kong Lawmakers Invite Coinbase to Territory Despite SEC Scrutiny
Touting its progressive stance on cryptocurrencies, Hong Kong lawmakers have invited Coinbase and other cryptocurrency exchanges to operate in the region.Wayne IngramCrypto Ads Face Tougher Rules, UK FCA Bans Referral Bonuses
In a June 8 announcement, the UK's Financial Conduct Authority (FCA) said advertisers of encrypted services in the UK will be subject to stricter regulation from October 8, 2023.Martha GrizzardCrypto.com Suspends US Institutional Trading Services
Crypto.com will no longer serve institutional clients in the US after announcing a suspension of service beginning June 21.Craig GreenEU Needs Further Efforts to Enforce Crypto Regulations
Btc.x CEO Christian Anders. Although the Marketplace for Cryptoassets (MiCA) has been signed into law, the European Union (EU) may need to do more lobbying with different European regulators and work with different governments, said.Wayne IngramFTX Authorizes "Permanent Editing" of Individual Client Names
Bankrupt cryptocurrency exchange FTX has reportedly been given permission to permanently remove individual customers from all court filings, while the names of companies and institutional investors will be sealed “temporarily.”Cornell RachelMetaMask Institutional integrates with Fireblocks MPC platform
According to a June 6 announcement, Web3 wallet MetaMask will be integrated with Fireblocks' multi-party computation (MPC) platform, allowing Fireblocks users to access the wallet's portfolio dashboard. The integration will be part of the MetaMask Institutional offering for institution al investors. It will go live on June 12.Christopher SmithWeb3 adds a semantic layer to Ethereum for the decentralized society
oo much focus on tokenizing assets rather than encoding social trust relationships is a major complaint about the current state of Web3, and Ethereum co-founders Vitalik Buterin and E. Glen Weyl found a clear voice in a paper published in mid-2022 and Puja Oh lhaver .Cornell RachelBlue-chip collateral helps stabilize NFT lending: Paraspace
According to a recent report by non-fungible token (NFT) money market protocol Paraspace and multi-chain wallet BitKeep, NFT lending or NFTFi loans now exceed $430 million, involving 43,521 borrowers.Wayne Ingram
