Newsletter Jun 12, 2023
Regulatory Overdrive? SEC Requests 'Alternative Means' To Summon Binance And CEO Zhao

"Binance and Zhao are not the typical foreign entity and individual, as they are widely known for disagreeing with the premise of a headquarters or domicile, let alone identifying one, and Zhao is famously protective of revealing his whereabouts," the SEC said in the court filing.


Gensler's Alliance With Senator Warren Aims To 'Destroy Crypto' By 'Usurping Congress,' Alleges Musk's Ally

Last month, a report surfaced online claiming that committee members of the Democratic Party have received a memo ahead of the hearing for digital assets regulation allegedly reminding the lawmakers to support the SEC's position on crypto assets.


Long-Term Bitcoin Holders Unfazed By Crypto Bloodbath Due to Coinbase And Binance Lawsuits, Data Shows

While altcoins continue to wade in the puddle of red, Bitcoin showed dominance in the market, with long-term holders and market participants continuing their accumulation of the world's first-ever crypto asset and showing very little activity when it came to sending their stash to exchanges.

Over 50% BTC, ETH Reserves On US Exchanges Move Offshore Amid Crypto Shake-Up

Offshore crypto exchanges saw a significant increase in terms of trading volume, with the research revealing offshore trading platforms experiencing four times more than the exchanges in the U.S.

Shytoshi Kusama Unveils Material Containing Shiba Inu's Direction, Says Fudders Will Be 'Completely Rekt'

In a previous tweet, Kusama even joked with a Shiba Inu developer that they may have leaked the draft of a crucial Shiba Inu document to the popular Russian-Canadian programmer.

Large Market Cap Crypto Assets Slowly Climb Back After Executives Slam SEC's Token Security Classification

The prices of the assets deemed as securities nosedived following the classification. ADA witnessed an 11% loss and was trading at $0.325; SOL was down 8% and was trading in the red zone at $19; and MATIC saw a 12% decline in its value at $0.784, according to the data from CoinMarketCap.

SHIB's Shytoshi Kusama Drops Bombshell For Shiba Inu Ecosystem, Teases An 'Early July' Release

There are a lot more initiatives that the team is currently working on, some of them have not been made public and are tightly kept under wraps.

Will Coinbase Move Offshore? Hong Kong Legislator Invites Exchange To Region, Offers Assistance

When speculations about the exchange relocating offshore surfaced online, its founder and CEO Brian Armstrong dismissed the rumors, saying, "Coinbase is not going to relocate overseas."

Elon Musk Mentions DOGE In New Cryptic Tweet Amid Sharp Crypto Sell-Off; Dogecoin Price Surges

Musk's tweet is some sort of reassuring to holders of the meme coin, as the market is experiencing a sharp crypto sell-off because of the mounting regulatory pressure and enforcement by the U.S. SEC in the past week.

Do Kwon May Have Outsmarted Authorities When He Made A Slick Move Following Montenegro Arrest

In the past few months since the collapse of the so-called algorithmic stablecoin TerraUSD (UST) and token LUNA, several claims and pieces of evidence have hinted that Do Kwon knows exactly what to do when it comes to safeguarding his wealth.

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