What’s Poppin’?
Do Kwon said he “traveled all over the world” with the Costa Rican passport and had no reason to doubt its authenticity.
The proposed measures include creating new crypto wallets that only Binance.US personnel will be able to access.
An internal market making desk at the crypto exchange reportedly attempts to boost liquidity on the platform.
On the Pod…
What people are saying:
shailee.eth: “Enjoyed hearing @HesterPeirce and @laurashin discuss the reasonable path for digital asset regulation, and “not do it by enforcement”. Amen Sistas!”
Daily Bits…✍️✍️✍️
🔍 NFT trader Jeffrey Huang, also known as MachiBigBrother, filed a defamation lawsuit against independent blockchain detective ZachXBT over a report alleging Huang misappropriated tens of millions in cryptocurrency. ZachXBT is asking for donations to cover the legal expenses and has already gotten over $1 million.
📄 Newly disclosed legal documents reveal that Tether held funds across various banks, investment firms, and gold depositories, including its sister company Bitfinex, and maintained substantial investments in commercial paper issued by diverse entities including several Chinese financial institutions.
🗓️ The Commodity Futures Trading Commission (CFTC) is slated to decide on June 26 whether to initiate a formal 90-day review of KalshiEX's contract that enables users to wager on U.S. congressional control.
🚫 Amid a murky regulatory landscape, Bakkt, the New York-based digital assets platform, removed Solana, Polygon, and Cardano from its listings.
🌍 The Autorité des Marchés Financiers (AMF), France's primary markets regulator, has shown support for globally coordinated rules for decentralized finance (DeFi), according to a newly published discussion paper.
🕵️♂️ School-aged hackers are leveraging phishing techniques via compromised Discord servers and Twitter accounts to steal millions in NFTs, with the proceeds often spent on in-game items for Roblox.
The $$$ Corner…
🔗 Concordia, a decentralized finance protocol offering multi-chain risk and collateral management for digital assets, garnered $4 million in seed funding, with Tribe Capital and Kraken Ventures leading the round.
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📈 Your Market Update 📉
BTC is down .3%, trading at $26,397
ETH is down .4%, trading at $1,724
BTC dominance: 46.39%
Crypto market cap: $1.1 trillion
*All data as of today, 6:40 am ET
Recommended Reads
Fungible by Arthur Hayes
The New York Times: He Went After Crypto Companies. Then Someone Came After Him.
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