Market
Legal
Japan’s token issuers are now exempt from corporate tax on unrealized gains
The tax break is welcome news for Japan's crypto firms, who still have to pay taxes on paper gains for tokens issued by other firms.
Legal
Media giants appeal to overturn court decision to keep FTX user names redacted
Four media giants continue to fight to unseal the names of FTX's nearly 9 million users in accordance with typical disclosure requirements.
Bankruptcy
SEC allows BlockFi customers to be repaid before collection of $30.2M fine
The SEC agreed to defer its claim against BlockFi, which is owed as a penalty, to ensure investors are repaid in full without delay.
Crime
Atomic wallet identifies 4 possible but unconfirmed causes of recent breach
Atomic wallet said that the exact cause of the hack remains unconfirmed. The firm is working with exchanges to seize the stolen funds.
DeFi
French regulator calls for global coordination on “same risk, same regulation” policy for DeFi
Given the cross-border nature of DeFi activities, the AMF asked for a globally coordinated approach to regulate the space.
Exchanges
Crypto.com says operating in-house trading team, market maker not ‘controversial’
Crypto.com said it does not count its trading desk as a source of revenue while its market maker receives no undue advantage.
Regulation
French authorities have been investigating Binance since February 2022
The authorities are probing Binance for "aggravated money laundering" and illegally providing services to French users from 2020 to 2022.
Crime
Mining pools used by criminals to funnel stolen funds into exchanges – report
Cyber criminals are using mining pools as mixers to launder illicit funds, making it look like their tainted funds are mining proceeds.
Regulation
Prometheum, a SEC-registered broker-dealer, sets Twitter ablaze with speculation: here’s what you need to know
Questions and speculations are abound around Prometheum, while some allege the firm has ties to the Chinese Communist Party.
Regulation
Hong Kong regulator urges banks to accept crypto clients
Hong Kong banks are wary of the regulatory blowback in case their crypto clients are found to be involved in money laundering.
Bankruptcy
Voyager Digital bankruptcy administrators rubber stamp 36% partial withdrawals
The bankrupt Voyager Digital platform will open user withdrawals between June 20 and July 5.
Adoption
Daily active users and transaction count on Arbitrum has increased post airdrop
Arbitrum's user and transaction count has been rivaling that of Ethereum's, often flipping the second-largest blockchain.