Trading
Regulation
Senator Emmer says SEC is ‘politicizing enforcement, baiting companies’
SEC's Director Gurbir Grewal admitted that the commission routinely operated outside of its jurisdiction.
Investments
Morgan Stanley is willing to buy El Salvador bonds despite poor performance
El Salvador’s $7.7 billion Eurobonds is performing poorly despite having better numbers than countries in a similar position.
Regulation
US Congressman questions SEC’s lack of action against ‘big fish’ exchanges if Ripple is a security
Sherman said the SEC should bring enforcement actions against major exchanges that facilitated Ripple (XRP) trading.
Enterprise
KPMG, HSBC report identifies crypto startups with unicorn potential in Asia
According to the report, the crypto space still has the potential to produce dominant unicorn companies.
Analysis
Indicators point to Bitcoin bottom formation but recovery unlikely so soon – Glassnode
Glassnode revealed that all on-chain metrics point to the sign of a price bottom formation except the length of time it takes for a genuine bottom to form.
Bear Market
SkyBridge Capital’s fund suspends withdrawals because of stocks, crypto decline
Legion Strategies halted withdrawals because of the sharp decline in the values of stock and cryptocurrencies held by the fund.
Bankruptcy
Three Arrows Capital unravels as creditor list emerges
A creditor committee has been set up and it comprises the biggest creditors like Digital Currency Group, Voyager and others.
Exchanges
Glassnode data shows Binance’s Bitcoin holdings surpass Coinbase
Coinbase in the last seven days had recorded over 10,000 outflows in its Bitcoin holdings while Binance recorded around 20,000 inflows.
Analysis
Grayscale report says bear market could last for next 250 days
Grayscale said the crypto market officially entered the bear market on June 13.
Exchanges
Binance fined €3.3 million in Netherlands for unlicensed operations
Binance has objected to the fine imposed by the Dutch central bank despite the regulator slashing it by 5%.
Hacks
Hackers steals $400K in NFTs from Premint users via malicious link
Blockchain security company, CertiK confirmed that the hackers stole over 300 NFTs, which included NFTs from prominent projects like BAYC, Goblintown, and Otherside.
Metaverse
Moonsama partners with KILT protocol for SocialKYC integration
SocialKYC does not store, save or share users' personal information once logged in.
