SEC’s Gensler claims ‘parallels’ between Binance and FTX, yet one wasn’t sued
    07 Jun 2023

    “Every major player has been sued by the SEC except for FTX,” several members of the crypto community have noted. The United States securities chair has hinted at “parallels” between crypto exchange Binance and collapsed exchange FTX — namely their alleged use of sister firms to move funds. Speaking to Bloomberg on June 6, the…

    SEC lawsuits squeeze net worths of Coinbase and Binance CEOs
    07 Jun 2023

    Brian Armstrong and CZ have seen respective net worth losses of 11.8% and 5.1% since the SEC sued Coinbase and Binance. The net worths of Coinbase CEO Brian Armstrong and Binance CEO Changpeng Zhao (CZ) have suffered heavy blows due to recent lawsuits by the United States securities regulator. Armstrong’s net worth was slashed by…

    Optimism successfully completes ‘Bedrock’ hard fork, reducing deposit times, layer-1 fees
    07 Jun 2023

    The upgrade is part of a series of reforms meant to increase modularity in the OP Stack, allowing developers to spin up their own networks using the software. The Optimism network concluded its “Bedrock” upgrade on June 7, reducing deposit times, lowering layer-1 fees and enacting additional security features, according to an announcement from network…

    SEC crackdown on Binance and Coinbase surge DeFi trading volumes 444%
    07 Jun 2023

    Total daily trading volumes on decentralized exchanges have surged by nearly $800 million over the past two days. The median trading volume across the top three decentralized exchanges (DEX) jumped 444% in the past 48 hours as crypto investors reeled from the United States securities regulator’s recent legal actions against cryptocurrency exchanges Coinbase and Binance….