ZachXBT estimates that the legal fees could “easily exceed” $1 million and alleged that MachiBigBrother is “using his money to try” and silence him.
Decentral Block Post
Gary Gensler’s job at risk, BlackRock’s first spot Bitcoin ETF and other news: Hodler’s Digest, June 11-17
U.S. representative introduces bill to fire SEC’s chief, BlackRock applies for a spot Bitcoin ETF and Binance.US hires top lawyer for upcoming court battles.
SEC and Binance.US strike a temporary agreement on asset access
Proposed measures include restricting Binance Holdings officials' access to private keys and disclosing business expenses.
Tether responds to account deactivation controversy, raises compliance checks
Tether Holdings Inc has responded to claims that it deactivated the accounts of major crypto firms including Moonpay.
On-chain sleuth ZachXBT sued for libel after claiming plaintiff drained funds from project
Plaintiff Jeffrey Huang claims his reputation was damaged when ZachXBT allegedly falsely accused him of embezzlement.
Curve pool imbalance triggers USDT depeg concerns: Finance Redefined
The top 100 DeFi tokens had another bearish week, with the majority of tokens trading in the red.
Self-custody Bitcoin amount unmeasurable so far, says Santiment exec
One of the most notable results of self-custody is that it tends to decrease circulation, which in turn reduces the market cap.
dApp Store kit adopts new tech stack to power Web3 gaming development
Ready Games’ software development kit is touted to help improve Web3 gaming accessibility and user experience.
USDT issuer Tether responds to Chinese securities exposure reports
USDT issuer Tether said that they “do not condone” the behavior of the media outlets and highlighted that the materials presented do not reflect what Tether is at present.
Bitcoin in Cuba: Why some Cubans are adopting BTC to escape ‘The Matrix’
Private businesses in Cuba could be poised to benefit from the cryptocurrency revolution in one of the world’s harshest business environments.
SEC argues against Dentons' motion to dismiss Terraform and Do Kwon's lawsuit
Terraform and Do Kwon lawyers used a U.S. House hearing, Binance.US complaint and Hinman emails documents to dismiss the SEC lawsuit.
Korean crypto contagion, Bank of China on Ethereum, HK’s exchange red carpet: Asia Express
Hong Kong lays out welcome mat for exchanges, Korean crypto lender contagion, Do Kwon banged up abroad, Bank of China’s Ethereum debt note.
Fed, SEC investigate Goldman Sachs over Silicon Valley Bank's securities portfolio: Report
Both regulatory bodies are inquiring into the activities of Goldman Sachs during its unsuccessful capital raise preceding the downfall of Silicon Valley Bank.
Ripple partners with Colombia’s central bank to explore blockchain technology
The pilot program will run through 2023 with the intent of demonstrating blockchain utility to the general public.
Is blockchain technology ready for high-storage applications?
What does the blockchain space need to enable the development of high-storage apps?
Sweat Economy DAO votes to repurpose $10M of idle tokens
The move-to-earn platform had 2 billion $SWEAT tokens locked up in inactive user accounts which the community has voted to be returned to a governance contract.
Opinion: GOP crypto maxis almost as bad as Dems’ ‘anti-crypto army’
Fighting between GOP crypto maxis and anti-crypto Dems fails to appreciate blockchain’s importance to the U.S.’ long-term economic interests.
How blockchain technology makes it easier for Africans to upskill
The narrative that blockchain technology could revolutionize how people interact with technology in Africa may not be stale after all.
Exchanges pledged $2.5B to user protection funds amid FTX’s collapse: Report
Not all exchanges have disclosed wallet addresses for the funds, however.
ByBit plugs into ChatGPT for AI-powered trading tools
ToolsGPT marries ByBit’s market data with ChatGPT’s AI to generate technical analysis, price data and trading metrics.
Curve pool imbalance triggers USDT depeg concerns, Tether CTO calls it FUD
The stablecoin pool ideally has a weightage of 33.3% of each USDT, USDC and DAI, however, on June 15, the USDT weightage rose above 70% in the pool.
US prosecutors say SBF will be tried on original 8 criminal charges — for now
DoJ lawyers said the decision came following litigation filed by the FTX co-founder in the Bahamas protesting the additional charges, which could be lengthy.
Institutional crypto broker FPG halts withdrawals after $20M cyberattack
Floating Point Group informed customers that withdrawals had been halted after experiencing a security breach on Sunday evening.
DeFi options platform uses social logins, margin trading to draw in liquidity
Developers claim Synquote handled one single trade of over $1 million of notional volume with no detectable slippage in its beta period.
Haru Invest files criminal complaint against consignment operator
The South Korean yield platform said it has filed a criminal complaint against B&S Holdings and plans to initiate civil proceedings as well.
South Korean Bitcoin lending platform Delio pauses withdrawals
The virtual asset manager and lending platform suspended withdrawals following challenges at Haru Invest, a similar entity.
Here’s what happened to Arbitrum post-airdrop
The number of new wallets making initial transactions has gradually decreased post-airdrop, indicating a decline in new user adoption following the event.
‘Holy shit, I’ve seen that!’ — Coldie’s Snoop Dogg, Vitalik and McAfee NFTs: NFT Creator
NFT art pioneer Coldie creates crypto culture time capsules about Buffett, Buterin and McAfee — and writes lyrics for Snoop Dogg.
Prime Trust subsidiary Banq files for bankruptcy amid BitGo acquisition deal
Prime Trust payment subsidiary Banq files for bankruptcy, citing “unauthorized’ asset transfers to Fortress Group.
Ripple welcomes MiCA regulation as US lawsuit highlights lack of clarity
Ripple’s operations gear up in Europe and Asia despite an ongoing lawsuit with the U.S. Securities and Exchange Commission.