Trading
Payments
SBF does not see Bitcoin becoming a payment network, lampoons its energy consumption
SBF believes that proof of stake networks like Solana, Avalanche, and others are the future of payment networks.
People
Zachxbt alleges Logan Paul is behind multiple crypto “pump and dump” schemes
Logan Paul allegedly hyped and dumped crypto projects like DinkDoink, EthereumMax and others.
Adoption
El Salvador’s over $100 million Bitcoin purchase is now worth $66 million
El Salvador’s Bitcoin losses are equal to its next interest payment to bondholders, which is due on June 15.
Crypto
Exchanges begin delisting LUNA, Binance explains why
Terra has announced proposals to correct the state of things by burning UST, but that may not be enough to remedy the network.
Regulation
Pro-crypto SEC commissioner foresees faster stablecoin regulations after Terra crash
The crash of Terra’s UST mean that US regulators could work faster to establish some framework for stablecoins.
Crime
OneCoin creator, Ruja Ignatova, declared wanted in Europe
Filings in the Southern District of New York suggest this damage could be over $4 billion.
Sports
Chelsea’s new shirt sponsor is a crypto platform
Chelsea becomes the second club in the English premier league to have a cryptocurrency platform as one of its main sponsors.
Regulation
Michael Saylor joyous at FASB decision to review crypto accounting rules
FASB previous guidelines provide that companies should report digital assets and commodities as “intangible assets” on their balance sheets.
Analysis
Analyst says crypto stocks performance is proof we are in bear market
The poor performance of the crypto stocks mirror that of the crypto industry where the value of digital assets have plummeted to new lows.
Rumors
Terra founder reportedly has link to failed stablecoin, Basis Cash
Basis Cash is an algorithmic stablecoin pegged against the US dollar that failed to achieve stability against the dollar.
NFTs
CryptoPunk NFT purchased for over $1M sells for less than $140K
Out of the last 10 CryptoPunks that have been sold, eight were sold at a loss.
Legal
US Court asks defunct crypto exchange to refund Bitcoin
CampBX failed to refund the thousands to users who had Bitcoin and money on the platform.
