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Crypto Custody Firm BitGo Reaches Preliminary Agreement to Buy Prime Trust: Sources

[Jun 8, 2023 1:24 PM] Cryptocurrency custody firm BitGo is seeking to buy Prime Trust, another crypto custody specialist regulated in the state of Nevada, according to a person familiar with the matter.

SatoshiLabs Introduces Vexl Foundation With KYC-Free P2P Bitcoin App And Financial Tyranny Index

[Jun 8, 2023 12:43 PM] SatoshiLabs, the creator of the Trezor hardware wallet, has announced the launch of the Vexl Foundation at the BTC Prague conference. A press release shared with Bitcoin Magazine said the foundation aims to restore financial power to individuals…

SEC Chair Gensler’s Alleged Past Interest in Advising Binance Surfaces Amidst Legal Battle

[Jun 8, 2023 12:30 PM] Lawyers for Binance claim that current U.S. Securities and Exchange Commission (SEC) chair Gary Gensler once sought to become an advisor for the exchange back in 2019. This purported application occurred while Gensler was teaching at the…

Kraken NFT Marketplace Launches With Support for Ethereum, Solana and Polygon Collections

[Jun 8, 2023 11:26 AM] Cryptocurrency exchange Kraken has officially launched its NFT marketplace out of beta testing, supporting over 250 NFTs across the Ethereum, Solana and Polygon blockchains.

Ethereum Staked on Coinbase Sees Massive Redemptions, Over 27,000 Tokens Redeemed on June 6

[Jun 8, 2023 10:34 AM] Recent statistics reveal that a significant amount of ethereum staked on Coinbase has been redeemed, with 27,280 tokens being redeemed on June 6. This development comes in the wake of the U.S. Securities and Exchange Commission (SEC) filing a…

SEC’s Gensler Rebuffs Crypto Complaints, Says Gave Ample Warning Heat Was Coming

[Jun 8, 2023 10:30 AM] U.S. Securities and Exchange Commissioner (SEC) Chair Gary Gensler argued there’s nothing special about the assets or exchanges in the crypto sector, and their backers can’t hide behind claims that their tokens provide utility.

Ethereum Developers Cement Final Lineup of Changes in ‘Dencun’ Upgrade

[Jun 8, 2023 10:00 AM] Proto-danksharding is at the heart of the package, with other improvements for storage on-chain, as well as minor code changes related to the Ethereum Virtual Machine.

Fedi Hosting First Ever Pop-Up Federation At BTC Prague

[Jun 8, 2023 9:41 AM] BTC Prague and Fedi are teaming up to launch the first-ever “Pop-Up Federation” on the OS, providing attendees of the BTC Prague conference with a unique opportunity to test Fedi Alpha, the builder-focused early release of the federated operating…

Circle Rolls Out Support for USDC Stablecoin on Arbitrum

[Jun 8, 2023 9:34 AM] Several key applications will support Arbitrum-based USDC like Aave, Balancer, Camelot, Coinbase, Curve, GMX, Radiant, Trader Joe and Uniswap.

Coinbase Shares Are 'Uninvestable' in the Near Term: Berenberg

[Jun 8, 2023 8:57 AM] The investment bank cut its price target on the stock to $39 from $55.

Another Mysterious Signed Message Appears Associated With the 2009 Bitcoin Block 1,018

[Jun 8, 2023 8:00 AM] This week, the number of Ordinal inscriptions has exceeded 11 million, with one inscription in particular, numbered 11,035,214, standing out. The inscription bears a message that has been signed with the private key associated with block 1,018, and…

ZEBEDEE Announces Alpha For New Social Layer Powered By Nostr

[Jun 8, 2023 8:00 AM] ZEBEDEE, a company known for its Lightning-powered ecosystem, has unveiled the alpha version of its latest app upgrade, Social. According to a press release shared with Bitcoin Magazine, this groundbreaking social layer introduces a new paradigm…

Aave-Developed Lens Protocol Raises $15M to Expand 'Social Layer' of Web3

[Jun 8, 2023 7:32 AM] Uniswap CEO Hayden Adams, OpenSea co-founder Alex Atallah, entrepreneur Balaji Srinivasan and Polygon co-founder Sandeep Nailwal joined the round as angel investors.

Jack Dorsey-backed Nostr Creator Collaborates With Employer Zebedee on New Social Media Layer

[Jun 8, 2023 7:00 AM] Zebedee users will be able to join a waitlist for alpha access to an updated version of the app which will feature integration with decentralized social media protocol Nostr (an acronym for “notes and other stuff transmitted by relays”).

ConsenSys’ MetaMask Institutional Integrates With Crypto Custody Firm Fireblocks

[Jun 8, 2023 7:00 AM] The partnership, scheduled to go live June 12, will offer greater DeFi and Web3 Access to builder and institutional investors.

Crypto.com Integrates With CoinRoutes Smart-Order Routing System

[Jun 8, 2023 7:00 AM] The integration is part of CoinRoutes’ bid to expand liquidity access for its clients.

Polygon Spinoff Avail Network Starts Phase 2 of Its Testnet

[Jun 8, 2023 7:00 AM] This second phase will include a more thorough testing environment to encourage validator participation.

Australia's Commonwealth Bank Will Partially Restrict Payments to Crypto Exchanges

[Jun 8, 2023 6:30 AM] The Australian bank announced on Thursday that will decline "certain payments" to crypto exchanges or hold them for a period of 24 hours.

U.S. Senators Tell DOJ to Investigate Binance for Potentially Lying to Lawmakers: Bloomberg

[Jun 8, 2023 6:17 AM] Two senate democrats, including Sen. Elizabeth Warren, allege in a letter that the platform may have lied about Binance.US being an independent entity.

First Mover Americas: SEC-Targeted Tokens Tumble

[Jun 8, 2023 6:12 AM] 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.

DeFi Protocol Curve Finance Now Lets Users Mint crvUSD for Staked Ether

[Jun 8, 2023 6:05 AM] The governance proposal for the crvUSD minting was passed early on Thursday.

Digital Art Collective Wildxyz Introduces Curatorial Board to Grow Experiential Art Program

[Jun 8, 2023 6:00 AM] The 10 artists, including Deafbeef, Casey Reas and Harm van den Dorpel, will advise the platform’s artist residency program.

Bitcoin Traders Shrug Off U.S. SEC's Action Against Binance, Coinbase

[Jun 8, 2023 5:01 AM] Implied volatility metrics show no signs of panic after the SEC's filed lawsuits against the two cryptocurrency exchanges.

Bitget Unveils Martingale AI: The AI-Infused Trading Tool for Crypto Traders

[Jun 8, 2023 3:30 AM] On June 7, 2023, Bitget, a Seychelles-based platform for crypto derivatives and copy trading, announced the launch of Martingale AI, an AI-infused trading tool. The new feature enables novice crypto traders to utilize strategies developed by AI…

Social Media Targeted in EU Consumer Group Complaint About Crypto Ads

[Jun 8, 2023 2:58 AM] BEUC wants Instagram, YouTube, TikTok and Twitter to prohibit influencers from promoting crypto

Crypto Exchange Bittrex’s Customer-Repayment Plan Faces U.S. Government Objection

[Jun 8, 2023 2:21 AM] If successful, it wouldn’t be the first time the state has scuppered a crypto bankruptcy proposal.

DeFi Unfazed by SEC's Classification of Tokens as Securities

[Jun 8, 2023 2:20 AM] These forces will likely only drive “more financial activity to DeFi,” one trader said.

Stablecoin Regulation Is a Sticking Point Between the G-7 and G-20

[Jun 8, 2023 2:00 AM] Global leaders appear to have reached a consensus on setting up universal rules and standards for most aspects of the crypto sector save for the treatment of stablecoins.

Binance Redirected $12B to Firms Controlled by CEO Changpeng Zhao, SEC Says

[Jun 8, 2023 12:07 AM] SEC says billions in customer funds were directed to Zhao’s firm Merit Peak via a holding company called Key Vision Development Limited.

Binance Says Gensler Once Offered to Be an 'Informal Advisor'

[Jun 7, 2023 8:35 PM] A letter from Binance’s counsel says that SEC Chair Gary Gensler should be recused from the case, given his history with the exchange and its founder.