These are challenging times for the crypto market, but bitcoin is holding firm. Source: https://www.coindesk.com/markets/2023/06/12/first-mover-asia-heres-why-bitcoins-support-is-holding-at-25k/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The capital infusion comes as interest in AI surges. Gensyn said it would use the money to accelerate the launch of the protocol and expand its workforce. Source: https://www.coindesk.com/business/2023/06/11/blockchain-based-ai-compute-protocol-gensyn-closes-43m-series-a-funding-round-led-by-a16z/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The order against Binance Nigeria Limited follows U.S. SEC allegations that the exchange had violated federal securities laws. Source: https://www.coindesk.com/policy/2023/06/10/binances-nigeria-unit-ordered-to-halt-illegal-operations-by-securities-watchdog/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

“Altcoins can crash this weekend even more as trading volumes are thin and market makers such as Binance have become less active,” one crypto firm warned. Source: https://www.coindesk.com/markets/2023/06/10/millions-in-polygons-matic-tokens-were-sent-to-binance-and-coinbase-ahead-of-30-slide-data-shows/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Custodia’s challenge of the Federal Reserve Bank of Kansas City’s decision to deny the crypto-friendly bank access to the Fed banking services can continue, a U.S. district court ruled …

The exchanges, targeted by the SEC for violating federal securities laws, have endured a significant wave of user withdrawals but managed to process transactions in an orderly fashion so …

Fresh court documents detail how two administrators of the now-defunct BTC-e exchange stole and laundered bitcoin from Mt.Gox, the hacked bitcoin exchange. Source: https://www.coindesk.com/consensus-magazine/2023/06/09/where-the-mt-gox-money-went-new-details-in-the-btc-e-exchange-case/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

If Ethereum is to grow it’ll have to mature beyond the antics of those shilling the token-of-the-moment, says Paul Dylan-Ennis. Source: https://www.coindesk.com/consensus-magazine/2023/06/09/the-memecoin-grift-and-how-it-threatens-ethereum-culture/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The move is a “culmination of over two years of effort,” according to Strike CEO and cofounder Jack Mallers. Source: https://www.coindesk.com/tech/2023/06/09/bitcoin-payments-firm-strike-moves-custody-in-house-after-ditching-third-party-services/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Singapore-based crypto exchange Crypto.com will no longer be offering its service to institutional clients in the U.S. due to “limited demand,” the company announced Friday. Source: https://www.coindesk.com/business/2023/06/09/cryptocom-winds-down-us-institutional-business/?utm_medium=referral&utm_source=rss&utm_campaign=headlines