SEC lawsuits squeeze net worths of Coinbase and Binance CEOs
The net worths of Coinbase CEO Brian Armstrong and Binance CEO Changpeng Zhao (CZ) have suffered heavy blows due to recent lawsuits by the United States…
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Kraken probing funding Gateways amid deposit and withdrawal delays
Kraken recently suffered operational delays…
Optimism successfully completes ‘Bedrock’ hard fork, reducing deposit times, layer-1 fees
The Optimism network concluded its “Bedrock” upgrade on June 7, reducing deposit times, lowering layer-1 fees and enacting additional security features, according…
Coinbase stock plunges 20% on SEC lawsuit
The stock of cryptocurrency exchange Coinbase plunged more than 20% at the open on June 6. At the time of publication, shares have pared some losses and are…
Crypto traders avoid risk and shelter in stablecoins as the market reaches a turning point
On-chain analytics firm Glassnode published a report hinting that investors are rotating capital toward risk-off assets like stablecoins and Bitcoin. Technicals…
Bitcoin price bounces past $26K as Coinbase news fails to shake bulls
Bitcoin (BTC) recovered some of its lost ground after the June 6 Wall Street open despite new legal action from United States regulators.BTC/USD 1-day candle…
Small business lending protocol Defactor tokenizes $100M in bonds
On June 6, decentralized finance (DeFi) lending platform Defactor Labs said that it tokenized $100 million worth of Alpha Bonds using the ERC-3643 token standard.…
Sequoia Capital announces three-way split to separate China business
Venture capital firm Sequoia announced an impending split that will see the company break into three distinct partnerships serving the United States, China, and…
Coinbase targeted by state security regulators concurrent to SEC lawsuit
According to a statement published by the Alabama Securities Commission on June 6, a multistate task force comprising state regulators from Alabama, California,…