Market
DeFi
Crypto community questions SEC probe into DeFi protocol BarnBridge
BarnBrige legal counsel advised the DeFi protocol to halt operations to limit its legal liability.
Exchanges
Binance sees nearly $2B inflow amid exit of key executives
Binance's TUSD balance soared from less than $500 million to over $2.5 billion within 24 hours.
Exchanges
Kraken’s Jesse Powell under federal investigation but exchange remains uninvolved
Powell is currently involved in a civil dispute with the Verge Center for the Arts, a non-profit art gallery.
DeFi
Multichain halts services after $126M exploit
Multichain's MULTI token plunged 16% after the attack.
DeFi
New ERC-20 token VMPX triggers Ethereum burn spike, consumes $3M in gas fees in 24 hours
The VMPX token website does not provide any information about its utility and some are questioning its purpose.
Mining
Bitcoin miners cash in on June price surge, selling thousands of BTC
Bitcoin miners Marathon Digital, Cleanspark and Hut 8 confirmed that they sold over 70% of their mined BTC in June.
Bankruptcy
SEC, FTX, and Three Arrows Capital contest BlockFi’s bankruptcy plans
The oppositions claim BlockFi's plan fail to provide adequate information for stakeholders involved in its bankruptcy process.
Exchanges
Binance users withdraw assets in June amid global regulatory pressure
Binance exchange balance for major assets like Bitcoin and Ethereum declined significantly in June.
Bankruptcy
Celsius moves altcoins to new wallets in preparation for Bitcoin and Ethereum conversion
The bankrupt firm moved some of its altcoin and stablecoin holdings to crypto firms like Wintermute, Paxos and Fireblocks.
Regulation
Bitwage halts USDC payments for US residents, cites ‘strict regulations’
Bitwage warned that users who fauiled to remove their USDC allocation by July 13 would have their accounts reset.
Hacks
Web3 protocols saw decline in in security-related losses in Q2, but exit scams were on the rise
There was a 58% decrease in hack-related losses in Web3 protocols during Q2 2023, but a surge in exit scams was also observed.
Regulation
Danish authority orders Saxo bank to divest crypto holdings, citing distrust in financial system
The FSA said crypto trading activities remain unregulated until MiCA implementation in 2024.