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EXPLAINED: 22 | Rare Historical Photos

Bakkt delists Solana, Polygon, and Cardano, citing lack of regulatory clarity

The SEC crackdown against unregistered securities is making crypto providers rethink their offerings.

Fortune

Binance’s U.S. subsidiary lays off about 50 employees, cites ‘costly litigation process’

"This was a very hard decision—one that we didn’t take lightly," the company's management said in internal documents.

Fortune

Why Hong Kong wants more banks to accept crypto clients

Its welcoming stance is seen by some as proof that China’s crypto ban could soon end.

Fortune

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Crypto Gets Its Moment of Clarity, But Not the One It Wanted

Suits against Binance and Coinbase offer even more proof that the SEC is cracking down.

Businessweek

MicroStrategy founder Michael Saylor says Bitcoin could grow to 80% of crypto market after SEC suits against Binance and Coinbase

The founder said Bitcoin could eventually make up 80% of the crypto market.

Fortune

Connext Labs raises $7.5 million at $250 million valuation to build the 'HTTP of Web3'

Backers include Polychain Capital, NGC Ventures, and Polygon Ventures.

Fortune

How Binance's 'extensive web of deception' could lead to DOJ charges against the world's largest crypto exchange—and its enigmatic founder

CZ's control exposes him to charges from U.S. law enforcement, experts say.

Fortune

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Binance.US, SEC not far apart on deal avoiding full asset freeze

Binance.US and the Securities and Exchange Commission agreed to work on a deal that avoids a total asset freeze at the cryptocurrency trading platform, which the regulator has accused of operating illegally.

Tribune News Service

As regulators circle, Binance’s foundation—its BNB coin—is already crumbling

CZ’s dream that “tokenization” is the new capitalism is a fantasy that may soon cost him his company.

Fortune

eToro to delist 4 cryptocurrencies named as securities in SEC lawsuits

The platform did not delist several other tokens named in the lawsuits last week.

Fortune

TechScape: The US is clamping down on cryptocurrency – is the UK next?

Regulators have launched two big lawsuits against Binance and Coinbase, and Rishi Sunak could mine the benefits

The Guardian - UK

Solana survived Sam Bankman-Fried. Can it survive Gary Gensler?

The risk for the blockchain is “potentially existential,” says one legal expert, but developers remain unfazed.

Fortune

XRP shrugs off crypto market downswing in wake of SEC lawsuits against Binance, Coinbase

The cryptocurrency was not named a security in last week’s SEC lawsuits.

Fortune

Which is the Better Buy in June: Coinbase Global Inc. (COIN) or Salesforce, Inc. (CRM)?

Amidst challenging economic conditions, the software industry has demonstrated remarkable resilience by continuously embracing innovation. Let us explore two notable companies in the sector, Coinbase Global (COIN) and Salesforce (CRM), which have been making headlines recently and analyze the better buy. Read on.

StockNews.com

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The Guardian - UK

Top US tech investor to open office in UK citing crypto-friendly approach

California-based venture capitalist firm says UK now on ‘right path to becoming a leader in crypto regulation’

Fortune

a16z is expanding outside the U.S. for the first time with a crypto London office

The move comes amid regulatory crackdowns from the SEC.

The Independent UK

SEC lawsuits against cryptocurrency companies raise questions about industry's future

Two recent lawsuits filed by the U.S. Securities and Exchange Commission against the world’s biggest cryptocurrency exchanges have reopened tensions between the government and a volatile industry that has been marred by scandals and market meltdowns

Fortune

This Week in the Metaverse: The Sandbox and Decentraland are caught in SEC's crosshairs

The native cryptocurrencies of the two platforms were named securities in lawsuits by the Securities and Exchange Commission.

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WEKU

Wall Street's top cop is determined to bring crypto to heel. He just took a big shot

The SEC announced this week a barrage of lawsuits against crypto exchanges Coinbase and Binance. The outcome could help define the future of the cryptocurrency sector.

Fortune

‘It’s not even good for money laundering’: ‘Black Swan’ author Nassim Taleb lashes out at Bitcoin and says it’s ‘transformed into a cult’

Nassim Taleb said crypto was less trustworthy than the Mafia.

Fortune

Binance's U.S. subsidiary pauses dollar deposits in wake of SEC lawsuit, says it's becoming a 'crypto-only exchange'

The SEC sued Binance on Tuesday, alleging 13 counts that included the mishandling of customer funds and offering unregistered securities.

Fortune

Robinhood to delist tokens for Solana, Cardano, and Polygon after SEC suits name them as securities

SOL, ADA, and MATIC comprised a list of 13 cryptocurrencies the SEC said were securities.

Fortune

Pantera founder Dan Morehead thinks SEC suits against Binance and Coinbase could lead to regulations in event ‘nobody is expecting’

The pair of lawsuits could play a part in leading to more clarity for the industry, he said.

The Guardian - US

US targets Binance and Coinbase – is the government ready to regulate crypto?

Regulators have been confused about whether cryptocurrency is a security or a commodity, but clarity appears imminent

The Guardian - UK

First Thing: Donald Trump charged with illegal retention of classified documents

Ex-president to be prosecuted for obstruction and violating Espionage Act over Mar-a-Lago documents. Plus, the doctors helping Republicans attack trans healthcare

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