Bitcoin and several altcoins took a beating on reports that the SEC filed a suit against Binance in the United States District Court. Source …
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BNB, CAKE Plummet Following SEC Crackdown on Binance
Both are significant tokens in the Binance ecosystem and had their prices drop by more than 8% over a four-hour period.Source …
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FTX debtors object to Genesis’ ‘critical’ claims estimate of ‘$0.00’
The FTX debtors alleged that the claim was filed “without any advance notice,” and they were not invited to participate in the mediation. Source …
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Stablecoins are a critical countermeasure to Operation Chokepoint
Stablecoins could help crypto firms to remove themselves from the banking system — and prevent the U.S. government from cutting off their financial lifelines. Source …
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Justin Sun Predicts Huobi May Get Hong Kong License in 6 to 12 Months
Crypto exchange Huobi could receive a crypto trading license in Hong Kong as soon as the end of the year, Huobi advisor and Tron founder Justin Sun said on CoinDesk TV on Friday.Source …
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Solving Lightning’s ‘Inbound Liquidity’ Problem Is Focus of New Layer 2 Bitcoin Protocol, Ark
The new protocol’s 24-year-old creator says Lightning’s inbound liquidity requirement - requiring users to commit funds to the protocol even when they're just receiving payments – “doesn’t make any …
U.S. Adds 339K Jobs in May, Blowing Through Estimates for 195K; Bitcoin Steady at $27K
Continued strong gains in monthly employment figures have added to the Fed's case for rate hikes.Source …