Market
Regulation
FDIC orders OKCoin to correct misleading insurance claims
The FDIC cited three instances of OKCoin making false statements about its insurance status.
DeFi
DeBridge launches DLN Trade, enabling secure cross-chain trading without liquidity pools
DeBridge's DLN Trade leverages a global liquidity engine, enabling fast trading across chains without liquidity pools.
Legal
CoinEx agrees to pay over $600k fine to New York
Crypto exchange CoinEx would refund over $1 milion in cryptocurrencies to New York investors over the next 90 days.
DeFi
Uniswap defends business source licensing choice amid criticism
Uniswap DEX had come under heavy criticism from the crypto community for labeling its V4 as open source.
Stablecoins
Crypto traders scramble for arbitrage as Tether’s USDT strays from dollar peg
The current uncertainty surrounding Tether's USDT has led to a net outflow of over $200 million from its market cap.
Hacks
Crypto prime broker FPG loses $15M+ in cyber attack, halts trading and withdrawals
FPG said it is working with law enforcement agencies and Chainalysis to recover the stolen assets.
Exchanges
Binance exits Cyprus to focus on larger EU markets amid regulatory hurdles
Binance wants to pull out of Cyprus to "be fully compliant with MiCA when it is implemented in the next 18 months."
Exchanges
Another South Korean crypto platform temporarily suspends withdrawals
Crypto exchange UPbit plans to restrict digital assets withdrawals to Delio pending a change in its situation.
Exchanges
Hong Kong lawmaker courts Coinbase amid US legal troubles
Hong Kong lawmaker John Ng revealed he has contacted Coinbase about expanding to the region amid its regulatory issues in the U.S.
Exchanges
Binance CEO denies selling Bitcoin amid market manipulation allegations
Binance CEO Changpeng 'CZ' Zhao has denied rumors that the exchange was selling Bitcoin to defend BNB's price.
Hacks
Elliptic analysis reveals over $100M stolen from Atomic Wallet
Elliptic said North Korea Lazarus Group has changed its tactics of laundering the stolen Atomic Wallet funds.
Exchanges
Binance clarifies terms of use; plans to turn ‘zombie assets’ into stablecoins
Binance told CryptoSlate that industry oppositions were spreading misinformation about its updated terms of use.