Crypto
Rumors
Arkham says US government not moving Bitcoin; labeling issues continue
Similar rumors emerged in April due to incorrect community wallet labels.
Regulation
Binance chief strategy officer criticizes US crypto rules; exchange wants to be regulated in UK
The company will "do everything [it] possibly can" to be regulated in the U.K.
Investments
Grayscale establishes funds trust, files for three new crypto funds
Those funds involve Bitcoin ETPs, Ethereum futures, and to a lesser extent, Zcash.
Regulation
Biden calls for end to tax loopholes that benefit ‘wealthy crypto investors’
The President cast those opposed to his tax plan as "MAGA Republicans."
Bankruptcy
DCG is ‘in discussions’ with capital providers amidst Genesis mediation
The company expressed support for creditors who are in mediation with Genesis.
Mining
Marathon, Zero Two to launch sustainable mining operation in Abu Dhabi
The operation will have a total energy capacity of 250 MW and a hashrate of 7 EH/s.
NFTs
Limewire has raised over $16M for its blockchain-focused revival
The project's LWMR token will be listed on top exchanges in the coming days.
Regulation
Blockchain Association objects to SEC’s proposed custody rule change
The proposal is "unlawful" and could impact the crypto industry, one member said.
Bankruptcy
Bittrex files for US bankruptcy; will not halt global operations
The firm recently announced plans to halt U.S. operations after facing SEC charges.
Regulation
Ripple pegs SEC lawsuit costs at $200M; plans Dubai expansion
CEO Brad Garlinghouse commented on his firm's attempts to find favorable regulation.
Exchanges
Paxful reopening after month-long shutdown
The P2P crypto marketplace will restore market functionality in the coming days.
Wallets
OpenAI CEO’s Worldcoin project launches wallet app
Worldcoin, founded by Sam Altman, is set to launch its WLD token this year.