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🔹Latest Crypto News, Updates, Analysis and Deeper Insights in the whole Crypto space. 🔹No subscription fee🔊 @CryptoWorldNews @CryptoWorldICOs @CryptoWorldAnalysis Admin of the Channel: @AdamCWN ✔️
🪙 Tether has minted 1 billion USDT tokens on the Ethereum blockchain.
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🟠⚫️ Venus Protocol faces liquidation of a $150M BNB loan position belonging to hackers.
Venus Protocol, a lending platform on BNB Chain, is facing a potential liquidation of a $150M $BNB loan position belonging to hackers. In October 2022 a group of hackers executed a massive hack on the BNB Chain, resulting in the loss of an estimated $120M to $150M in assets. Exploiting the stolen $BNB, the attacker leveraged Venus to borrow $150M worth of stablecoins with a sizeable position of 900,000 $BNB (~$210M).
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📊 Week Ahead:
This week, the US🇺🇸 , Europe 🇬🇧 , and Japan 🇯🇵 will all announce central bank interest rate decisions.
CME expects a 75% probability that the Fed will not raise interest rates on June 14, and a 24% probability that it will raise 25bps.
In addition, the US CPI for May will be announced this week before the #FOMC.
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Polygon Labs responded to SEC allegations that MATIC
is an unregistered security.
They said that Polygon Labs is not targeting the U.S. market.
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🇳🇬 Nigeria regulator says local Binance operations 'illegal' — link
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🇺🇸 DOJ charges 2 Russian nationals with laundering over 600,000 BTC stolen from Mt Gox — link
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🟠 Binance U.S. halts USD deposits amidst uncertainties.
Platform suspends USD deposits and warns fiat withdrawal channels may pause from June 13, 2023. Customers advised to act.
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📣 Crypto exchange Bittrex’s customer-repayment plan faces U.S. government objection — link
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🟠 SEC claimed Binance and Binance US redirected over $12B in customer assets to firms controlled by CZ.
SEC has accused Binance and BinanceUS $BNB of redirecting over $12B in customer assets to investment funds controlled by CZ between 2019 and 2021. Most of the funds went to Merit Peak, a personal proprietary firm of Zhao’s. The SEC also has documents from a Binanсe US auditor raising concerns that the American affiliate might not be fully collateralized due to Binance holding the American affiliate’s crypto assets.
The fresh SEC allegations come as supporting evidence in a request by the agency to a federal judge to place a temporary freeze on assets, beyond customer redemptions, at BinanсeUS. The SEC also wants a judge to freeze Binance and Zhao's assets.
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🚨 Binance.US Lost $181 Million Last Year, Court Filings Show. -link
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🇸🇬🔵 Circle (USDC) gains Major Payment Institution license in Singapore.
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📣 Citi alum Matt Zhang’s Hivemind launches $300 million crypto fund — link | archive
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🔵 MakerDAO transferred $500 million to Coinbase Custody for 2.6% APY in line with proposal.
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🪙 Tether invests in startup that's building a bitcoin mine in El Salvador -Link
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🇲🇪Do Kwon's $428K bail request in fake passport case approved by Montenegro court — link
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🇬🇧 Andreessen Horowitz is planning to open its first international office in London.
a16z said that it had led a $43 million investment round in UK-based blockchain AI project Gensyn and that it plans to locate its accelerator program for crypto companies in the British capital next year.
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🥇 Over 50% of BTC on exchanges moved outside the US due to regulatory uncertainty.
Due to unclear regulations in the United States, more than half of the bitcoin (BTC) that crypto firms hold for their customers has moved to offshore and international exchanges. According to a CryptoQuant research report shared with CryptoPotato, BTC reserves on U.S.-based crypto exchanges are down to 2017 levels, as they are being lost to non-U.S. platforms.
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🟠 CZ: “Last 24hrs, Binance net outflow is about $392m”.
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👀 FTX customer names will not be revealed by bankruptcy court — link
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🇺🇸🔹 CryptoCom will be shutting down its institutional exchange in the United Staes.
CryptoCom will no longer serve institutional clients in the United States after announcing the suspension of the service from June 21.
A statement from CryptoCom noted that the platform’s institutional users were given advance notice of the decision to suspend the service. CryptoCom’s retail mobile application and platform remains fully operational in the U.S.
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🇺🇸 Wells Fargo says "EMERGENCY CONDITIONS" limits cash withdrawals to $1,000.
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🔵 Brian Armstrong sold 29,730 Coinbase shares on June 5, worth around $1.8M.
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🟠 Binance lawyers allege SEC Chair Gensler offered to serve as advisor to crypto company in 2019 — link
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📣 Cathie Wood's ARK Invest once again bought roughly $21.64 million worth of Coinbase stock.
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🇺🇸 Gary Gensler says 'we don't need more digital currency' after Coinbase, Binance lawsuits — link
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🏦 SEC charges Coinbase for operating as an unregistered securities exchange, broker, and clearing agency. -Link
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🟠⚠️ Binance's Response to the SEC Lawsuit!
▫️ Instead of reaching a peaceful agreement, the SEC has declined this process and decided to unilaterally take legal action.
▫️ We, along with participants in the U.S. digital asset market, stand against the recent abuses by the SEC and are prepared to fight them to the fullest extent of the law.
▫️ Any claims that user assets on the Binance US platform have ever been at risk are simply incorrect.
▫️ All user assets on Binance and partner platforms are secure, and we will staunchly defend ourselves against any accusations.
▫️ The actions of the SEC undermine America's role as a global center for financial innovation and leadership.
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🇺🇸🟠 SEC sues Binance and CZ for reportedly breaking US securities rules.
Binance Holdings Ltd. and its Chief Executive Officer Changpeng Zhao, were accused of breaking US rules, according a federal court filing by the Securities and Exchange Commission.
👉🏻 BNB Dumped 6% 📉
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Atomic Wallet Users Hacked for $35M Worth of Bitcoin, Ether, Tether and Other Tokens
The crypto industry’s latest causality occurred over the weekend as nearly $35 million worth of various tokens were stolen from Atomic Wallet, a centralized storage and wallet service.
The firm previously said it was investigating and analyzing the attack. It had not released specifics of the attacks as of Monday morning.
🔗 Link
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