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EU regulator will launch MiCA consultation starting in July
Cointelegraph.com News (RSS)

The MiCA framework suggested a roughly 18-month timeline to fully take effect, with regulators and lawmakers seeming to go through proposals aimed at ensuring smooth implementation.
Crypto Lender Abra Has Been Insolvent for Months, State Regulators Say
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data (RSS)

Crypto lender Abra has been insolvent since at least March 31, 2023, state securities regulators alleged on Thursday.
Mick Mulvaney-Linked Astra Protocol Faces Investor Backlash Over ‘Severely Deficient Communication’
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data (RSS)

Astra Protocol, provider of Web3 compliance solutions, previously had a dispute with investor Republic Crypto over an alleged token sale.
Crypto Lobbyists Ask SEC for Info on Prometheum, The Mysterious 'Regulated' Crypto Firm
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data (RSS)

The “regulated crypto exchange” backed Gary Gensler’s viewpoint in front of Congress. But are they for real?
Tether (USDT) Depeg FUD May Just be Starting, Here’s Why
CoinGape (RSS)

The digital currency ecosystem was riled today following the depegging of the industry’s largest stablecoin, Tether (USDT). The depegging, which has seen the stablecoin plunge to $0.9991 at the time of writing, was attributed to the loan saga on the DeFi platform Curve. New details are, however, emerging with Tether Holdings Ltd issuing a statement detailing new revelations about the entire ordeal.

Tether’s Major Concern
As the firm noted, the Office of the New York Attorney General (NYAG) provided materials relating to the first of its quarterly reports to Coindesk who had requested them shortly after Tether and NYAG reache...

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Will Mark Cuban Speak On Crypto Before US Senate?
CoinGape (RSS)

Crypto Market News: The unprecedented enforcement actions on crypto businesses in the United States is begging the question as to whether there is need for high level debates between lawmakers and industry experts. That the two of the world’s top crypto exchanges have been targeted in back to back lawsuits by the U.S. Securities and Exchanges Commission shook the crypto market. In this context, John Deaton, the attorney representing XRP holders in the SEC lawsuit, is recommending that Shark Tank investor Mark Cuban should speak on the innovative side of crypto and blockchain before the Senate and House Banking and Financial Services Committees.

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Elon Musk (Twitter)

Quanto sei bella Roma!
Judge will consider whether to try Sam Bankman-Fried separately for superseding charges: Report
Cointelegraph.com News (RSS)

Prosecutors said they were prepared to try SBF on his original 8-count indictment starting in October, with the remaining 5 charges to be decided by Judge Lewis Kaplan.
Every CEX Needs a DEX
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data (RSS)
MakerDAO Hikes DAI Savings Rate, Ousts Paxos Dollar, Curbs Gemini Dollar in Reserve
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data (RSS)

The move could redefine baseline interest rates in the DeFi space, spurring higher stablecoin lending rates and making leverage more expensive, one analyst noted.
3AC liquidators file motion to hold Kyle Davies in contempt
Cointelegraph.com News (RSS)

Civil sanctions against 3AC's co-founder Kyle Davies include an award of attorneys’ fees and a $10,000 daily fine until compliance with a subpoena.
Dmitri Cherniak's 'The Goose' NFT Sells at Sotheby's Auction for $5.4M
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data (RSS)

The NFT was purchased by 3AC co-founders Su Zhu and Kyle Davies in August 2021 for about 1,800 ETH – worth roughly $5.8 million at the time.
Bitcoin Regains Ground to Reach $25.2K, but Investors Remain Jittery About U.S. Economy, Monetary Policy
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data (RSS)

Tether’s USDT stablecoin loses its $1 peg, while other major cryptos spend their day in red territory.
BlackRock's iShares Files Paperwork for Spot Bitcoin ETF
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data (RSS)

The SEC has rejected numerous attempts by other fund companies to launch a spot bitcoin ETF.
Sotheby's Second 3AC NFT Sale Nets $10.9M, With 'The Goose' Alone Netting $6.2M
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data (RSS)

Ringers #879, a seminal NFT artwork often referred to as "The Goose," far outpaced estimates and sold for $tk.
Sotheby's auctions off Dmitri Cerniak's 'The Goose' NFT from 3AC collection for $6.2M
Cointelegraph.com News (RSS)

Su Zhu and Kyle Davies originally purchased 'The Goose' digital artwork in August 2021 for roughly $5.8 million in Ether.
Fed, SEC investigate Goldman Sachs over Silicon Valley Bank's securities portfolio: Report
Cointelegraph.com News (RSS)

Both regulatory bodies are inquiring into the activities of Goldman Sachs during its unsuccessful capital raise preceding the downfall of Silicon Valley Bank.
Why is the crypto market down today? June 2023 industry failure
Cryptopolitan (RSS)

With the SEC breathing fire down on the DeFi industry, the crypto market has hit hard snugs on all fronts. According to data from Kaiko, crypto trading volumes reached an annual low in the second quarter as market makers reduced their activity. Furthermore, major cryptocurrencies were under further pressure Thursday as the industry faced new hurdles on multiple fronts. To top it all off, more than $1.2 million in Bitcoin that had not moved in over 13 years recently did.

Crypto trading volumes hit new lows

According to reports, average daily volumes for the top ten tokens (excluding stablecoins) were $10 billion in the second quarter of 2023, compared to $18 billion in the first quarter of the year.

This comes as regulatory scrutin...

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