In the latest instance, reports indicating that the firm plans to lay off about 20% of its staff have sparked concerns about its health. The reports significantly contrast Binance’s rhetoric of not engaging in layoffs and expanding during the bear market.

In response to these reports, Binance has not denied plans to lay off staff but has pushed back hard on the narrative that the layoffs are part of cost-cutting measures.

More info: https://tinyurl.com/mrxds743

Cardano Wallet Lace has turned open-source to restore trust in crypto wallets. Lace will ensure its wallet is more secure and decentralized by going open-source.

More info: https://tinyurl.com/bdf8cmy5

Stablecoin issuer Circle announced launching USDC natively on Arbitrum on June 8th. The latest move will replace the currently circulating bridged version of the stablecoin that comes from Ethereum.

More info: https://tinyurl.com/yu24ztmu

Nike, the global sportswear giant, has partnered with EA Sports to integrate its non-fungible token (NFT) platform, “.SWOOSH”, which is still in closed beta, into EA Sports games. This move is expected to bring Nike’s virtual footwear and apparel into the gaming world, potentially reaching millions of players.

More info: https://tinyurl.com/2p8z6jxu

Justin Sun tweeted that Tron’s token “is now fully accessible within the Ethereum ecosystem”. The asset will use BitTorrent Bridge to expand its reach and boost Tron liquidity on Ethereum.

More info: https://tinyurl.com/3zwy4jc5

AliExpress adds support for Floki payments via shopping plugin.

More info: https://tinyurl.com/yujnnbyw

A hack that drained $35 million from Atomic Wallet users since June 2 impacted less than 1% of its monthly active users, according to the company.

More info: https://tinyurl.com/yxcr6ck8

Cardano (ADA), the native token of the Cardano blockchain, has recently witnessed a remarkable surge in large transactions, totaling an impressive $2.5 billion within a span of just 24 hours. This surge, based on recent data, indicates a growing interest and confidence in the capabilities of the crypto’s ecosystem.

More info: https://tinyurl.com/55chp3uy

ETH will account for 70% of smart contract protocols, the world’s second-largest cryptocurrency could hit $11,800 in 2030, VanEck said in its recently released Ethereum price prediction report.

More info: https://tinyurl.com/bwahcvhw

Adopting a debt-free approach, El Salvador plans to construct a 241 megawatt (MW) renewable power generation park in the Metapán region, combining solar and wind projects.

More info: https://tinyurl.com/46zsdr9p

Arthur Hayes, the co-founder of cryptocurrency exchange BitMEX, has said that he expects Bitcoin’s bull market to begin around October or September.

More info: https://tinyurl.com/3w5wwdsh

Binance’s alleged control over its US affiliate’s finances has come under the spotlight again following the revelation that a senior executive, Guangying Chen, was the main operator of five bank accounts belonging to Binance.US, including one that held American customers’ funds.

More info: https://tinyurl.com/bdhwb7pv

The total crypto market capitalization plummeted 3.6% overnight, per CoinGecko data, as the United States Securities and Exchange Commission (SEC) filed a fresh lawsuit against Binance.

PepeCoin (PEPE), the popular frog-themed meme coin, led the daily market’s losses with a 14.9% decline since Monday. Dogecoin (DOGE), the only other meme coin in the list, lost 7%.

More info: https://tinyurl.com/5b3fjc6y

The Binance Coin price has dived by 8% in the past 24 hours, dropping to $276 following the SEC's opening of legal proceedings against Binance.

This price represents an 11% drop in the past week and a 15% fall in the last 30 days, with BNB up by 12% since the beginning of the year.

More info: https://tinyurl.com/4fc6y4xw

Crypto exchange Binance announced support for Bitcoin non-fungible tokens today.

The NFTs supported include Bitcoin Bandits, Bitcoin Frogs, Bitcoin Fizzas, Bitcoin Punks, Bitcoin Wizards, Block Legends, BTC DeGods, BTC Machine and others.

More info: https://tinyurl.com/2p9ecd5f

The regulator alleges that Coinbase violated securities laws.

It also named several tokens as securities in the lawsuit. Those tokens include SOL, ADA, MATIC, FIL, SAND, AXS, CHZ, FLOW, ICP, NEAR, VGX, DASH, and NEXO.

More info: https://tinyurl.com/5n72p984

Coinbase CEO Brian Armstrong is not shaken by the U.S. Securities and Exchange Commission (SEC)’s new lawsuit against his exchange.

Both the executive and his company responded with brief arguments on Monday as to why Coinbase will reign victorious in its legal battle with the regulator.

More info: https://tinyurl.com/396xry8w

According to IntoTheBlock, an on-chain analytics firm, large transactions are defined as those exceeding $100,000. The firm reports a notable surge in the volume of large transactions on the Polygon network, reaching $64.44 million, which represents a staggering 742% increase within the last 24 hours.

More info: https://tinyurl.com/4jhm7zah

The SEC has reportedly sought an express court order from a US federal court to freeze all the assets of Binance US.

More info: https://tinyurl.com/mr294muy

“The Cardano Foundation disagrees with the recent qualification of ADA as a security under US law. We look forward to the continued engagement with regulators and policymakers to achieve legal clarity and certainty on these matters.”

More info: https://tinyurl.com/497epss9

A web3 lawyer, John Deaton says there is only a 3% chance that the SEC will win its case against Ripple. While he conceded that the Commission might get some concessions, an outright win from the present realities will be impossible.

More info: https://tinyurl.com/mry4bpa3