Market
BTC Halving
Michael Saylor says Bitcoin dominance is headed for 80% in the long term
Saylor says the upcoming halving, increase in hash rate, and other factors, are leading to a bull run that will boost Bitcoin price by 10x.
Bankruptcy
Prime Trust subsidiary Banq declares bankruptcy
The bankruptcy comes less than a week after custodian BitGo agreed to acquire Prime Trust's parent company.
Legal
Bahamian court orders review of US charges filed after SBF’s extradition
SBF's defense argues that the charges of bribery and illegal political donations should be dropped as they weren't part of his extradition agreement.
Investments
Taiwan’s second-largest telecoms company explores investments in local crypto firms
Taiwan Mobile may be looking to strike strategic partnerships with or even invest in local crypto platforms.
Stablecoins
Australian payments firm Novatti expands its AUDD stablecoin to XRP Ledger
Users will be able to access AUDD via XRPL-enabled wallets and use the stablecoin to make payments or trade other XRPL-based tokens.
Trading
Last week, Ethereum ETPs saw the largest single week of outflows since the Merge
Most altcoin exchange-traded projects have seen inflows year-to-date while Bitcoin and Ethereum ETPs have both seen outflows during the same period.
Crime
Ex-SEC executive says U.S. DOJ likely to bring criminal charges against Binance
Former SEC Enforcement chief says that the CFTC and SEC suits don't focus on money laundering as the DOJ prosecutors will handle it.
Crime
North Korean hackers used shadow IT workers to carry out crypto heists
N. Korean hackers employ thousands of shadow workers that pose as recruiters or potential employees to infiltrate crypto firms.
Regulation
Coinbase CEO says crypto industry needs clarity, either from Congress or case law
Through legislation, case law, or after the 2024 presidential elections, the U.S. will reach the "right outcome" for crypto, Armstrong says.
Regulation
The crypto crackdown will alienate ‘would-be Democrats’: Cameron Winklevoss
The Democrats will need the support of young voters in the next election but their anti-crypto stance will alienate voters, Winklevoss said.
Banking
Binance.US to go ‘crypto-only’ as banking partners cut ties
Amid regulatory scrutiny, Binance.US will halt USD payment channels by June 13.
Exchanges
Another Australian bank places limits on payments to crypto exchanges
Commonwealth Bank follows Westpac in restricting payments to crypto exchanges.