Coinbase Policy Chief Shirzad Squares Off With SEC Enforcement Director Grewal
A sneak peek of the looming crypo regulatory prize fight highlights that everyone is talking past each other.
Posts published on June 16, 2023 go to media archive 2/3
Bakkt Takes Proactive Measures, Delists Polygon, Solana, and Cardano Amid Regulatory Crackdowns
According to a Fortune report published on June 16, the cryptocurrency asset platform Bakkt is delisting three cryptocurrencies due to the current regulatory climate. Bakkt’s general counsel stated that the platform will expand its coin…
Bitcoin Price Outlook for June
Halfway through June, crypto markets have been rocked by several macro factors, which have brought bears to return to action. Bitcoin has moved below $25,000 for the first time since March, as the Security and Exchange Commission (SEC) sued both…
Which altcoins will survive the SEC crackdown? Bitcoin OG explains
Bitcoin OG and educator Dan Held points out which crypto assets are most likely to avoid the ongoing SEC crackdown.
GBTC Discount Narrows After BlackRock’s Filing for Spot Bitcoin ETF
Fund manager Grayscale is currently in a legal standoff with the SEC after the agency denied an application to convert the Grayscale Bitcoin Trust (GBTC) into an exchange-traded fund.
Bitcoin price eyes $26K ‘acceleration’ zone as Binance fears fade
An ongoing recovery from U.S. macroeconomic policy updates could spell more sustained progress for BTC price into the holiday weekend.
Mango Markets exploiter behind alleged $116M theft will stand trial in December
Avraham Eisenberg faces civil lawsuits from the U.S. Commodity Futures Trading Commission, Securities and Exchange Commission and Mango Markets and criminal charges from the DoJ.
DeFi Credit Protocol Concordia Raises $4M in Round Led by Tribe, Kraken Ventures
Concordia, now live in public testnet on Aptos, offers a multi-chain risk and collateral management platform for digital assets.
The $11M NFT Auction and Snoop Dogg’s Evolving Collection
Rapper Snoop Dogg has released new NFTs that evolve in utility throughout his tour this summer, while Sotheby’s concluded a successful second 3AC NFT auction, including $6.2M for Dmitri Cherniak’s “The Goose.”
U.S. Banking Watchdog Makes Case for Tokenization, Just Not on Public Blockchains
Self-styled crypto skeptic Michael Hsu, the acting head of the U.S. Office of the Comptroller of the Currency (OCC), said tokenization of assets is a serious advance into the future of finance, but decentralized blockchains may be too problematic…
What Winter? Institutions’ Crypto View Rosier Than You Think
Nomura’s global survey shows that commitment to digital assets remains strong outside the U.S., offering a way forward for the sector, says Michael Casey.
Politics Is Interested in Crypto, Even if Crypto Isn't Interested in Politics
If U.S. policymakers want to help direct crypto, benefitting consumers an innovation, they will need to learn to compromise, says John Rizzo.
Bakkt follows Robinhood, eToro in delisting major altcoins: Report
Bakkt reportedly suspended trading of Solana, Polygon, and Cardano -- tokens the U.S. SEC recently deemed securities.
BlackRock May Have Found Way to Get SEC Approval for Spot Bitcoin ETF
Blackrock’s (BLK) iShares Bitcoin Trust application to the U.S. Securities and Exchange Commission (SEC) this week might stand a better chance than previous attempts by other fund managers thanks to the promise of a “surveillance-sharing agreement”
Curve (CRV) Observes 7% Bounce As Short Squeeze Occurs
Curve DAO token (CRV) has observed a 7% bounce during the last 24 hours as mass liquidations of short traders have occurred in the market. Curve Funding Rates Turned Extremely Negative Following Price Decline According to data from the on-chain…
Biggest Movers: SHIB Remains Close to 21-Month Low, Following Recent Bear Run
Despite a slight rebound in price, shiba inu remained near its lowest level in 21 months during Friday’s session. Overall, the global cryptocurrency market cap was marginally higher, climbing by 1% as of writing. XRP was an exception…
Tether’s Banking Relationships, Commercial Paper Exposure Detailed in Newly Released Legal Documents
Tether's banking relationships were detailed in a rare but limited window into the reserves behind USDT, the crypto market’s largest stablecoin, in documents obtained by CoinDesk under a Freedom of Information Law request.
Self-custody Bitcoin amount unmeasurable so far, says Santiment exec
One of the most notable results of self-custody is that it tends to decrease circulation, which in turn reduces the market cap.
Coinex Settles With NY Attorney General, Pays $1.7M in Penalties; Announces Exit from US Market
According to a press release issued on June 15 by the Office of the New York State Attorney General, the cryptocurrency exchange Coinex has reached a settlement with Letitia James, the chief law enforcement officer. The attorney general stated that…
Shiba Inu Lead Developer Unveils Shibacals, Advancing Shibarium Development
In an exciting development for the Shiba Inu community, the top developer working behind the scenes has unveiled another project before the launch of Shibarium. The lead developer introduced their newest innovation, ‘Shibacals,’…
Blockchain Anti-Counterfeiting Trials ‘Promising,’ EU Agency Says
The European Union's intellectual property office EUIPO wants traders and customs authorities to use open-source tools to authenticate branded goods.
dApp Store kit adopts new tech stack to power Web3 gaming development
Ready Games’ software development kit is touted to help improve Web3 gaming accessibility and user experience.
USDT issuer Tether responds to Chinese securities exposure reports
USDT issuer Tether said that they “do not condone” the behavior of the media outlets and highlighted that the materials presented do not reflect what Tether is at present.
Crypto Traders Flock to OTC Markets as Exchange Liquidity Dries Up Amid Regulatory Clampdown
crypto traders flock to OTC
Bitcoin Market Dominance Touches Two-Year Peak, Here’s Why
French Investigation Targets Binance: Allegations of Money Laundering and Regulatory Violations
Binance, the crypto exchange with the highest trade volume globally, is currently facing an investigation for suspected money laundering activities, as reported by the French publication Le Monde. The finance judicial investigation service of…
The Hinman docs: Implications for XRP, SEC credibility and more
The Hinman documents have been available to Ripple for over two years, and their public release has been eagerly awaited by many, but some were disappointed by the lack of any real bombshells.
Bitcoin, Ethereum Technical Analysis: BTC, ETH Rebound on Friday, as Markets Digest US Retail Sales Data
Bitcoin rose back above $25,000 on Friday, as markets continued to digest recent U.S. economic data. Yesterday saw retail sales climb higher than expected, rising by 0.3% in May, better than a projected decline of 0.1%. Ethereum moved closer to the…
First Mover Americas: BlackRock Files for a Spot Bitcoin ETF
The latest price moves in bitcoin (BTC) and crypto markets in context for June 16, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.