Market
Exchanges
Cathie Wood says SEC scrutiny into Binance will reduce competition for Coinbase
Ark Invest's Wood says that while Binance is in hot water with the SEC for fraud, Coinbase has not been accused of any criminal activity.
AI
US Senators raise concerns about ethical control on Meta’s AI-model LLaMA
The Senators believe that LLaMA can be misused for spam, fraud, malware, privacy violations, harassment, and other wrongdoings.
Regulation
UK group suggests ‘Crypto Tsar’ role to coordinate regulation among departments
The Crypto Tsar will be responsible for coordinating between departments to ensure a "consistent approach" to regulation.
Crime
Atomic Wallet claims hack affected less than 1% of monthly active users
Atomic Wallet users' total losses were reported at over $35 million - the biggest single loss was $7.95 million.
Crime
Russian official detained for accepting record bribe of $28M BTC
Marat Tambiev allegedly received 1032.1 BTC in April 2022 from hackers he was investigating in exchange for not seizing the hackers' assets.
Investments
Kakarot zkEVM secures backing from StarkWare, Vitalik Buterin in pre-seed round
Kakarot zkEVM is paving the way for a more secure and scalable EVM-compatible app development with Starknet integration.
AI
Japanese regulators warn OpenAI against collecting sensitive data
Japan's Personal Information Protection Commission has cautioned OpenAI against collecting data without consent.
Mining
Marathon Digital increased its production by 77% to 1,245 BTC in May
The significant uptick in Bitcoin transaction fees, thanks to Ordinals, accounted for 11.8% of the BTC Marathon Digital mined in May.
Exchanges
Wall Street firms to take on Binance, Coinbase, other crypto-native exchanges
Traditional firms bank on their reputation, finance industry expertise, and regulatory approval to attract crypto business.
Exchanges
Gemini’s market share declines as regulatory, financial challenges mount
Gemini's global trading volume sunk to 0.12% - key rivals continue market share expansion.
DeFi
MakerDAO looks to more than double the DAI savings rate
If the new proposal is approved, the hike in DSR could lead to an increase in the borrowing rates for stablecoins across the DeFi ecosystem.
Exchanges
Binance, Gulf Innova joint venture bags digital asset operator license in Thailand
Combining Binance's crypto expertise with Gulf Innova's local network, Gulf Binance aims to launch a regulated crypto exchange by Q4 2023.