Implied volatility metrics show no signs of panic after the SEC’s filed lawsuits against the two cryptocurrency exchanges. Source: https://www.coindesk.com/markets/2023/06/08/bitcoin-traders-shrug-off-us-secs-action-against-binance-and-coinbase/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

BEUC wants Instagram, YouTube, TikTok and Twitter to prohibit influencers from promoting crypto Source: https://www.coindesk.com/policy/2023/06/08/social-media-targeted-in-eu-consumer-group-complaint-about-crypto-ads/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

If successful, it wouldn’t be the first time the state has scuppered a crypto bankruptcy proposal. Source: https://www.coindesk.com/policy/2023/06/08/crypto-exchange-bittrexs-customer-repayment-plan-faces-us-government-objection/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

SEC says billions in customer funds were directed to Zhao’s firm Merit Peak via a holding company called Key Vision Development Limited. Source: https://www.coindesk.com/policy/2023/06/08/binance-redirected-12b-to-firms-controlled-by-ceo-changpeng-zhao-sec-says/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

A letter from Binance’s counsel says that SEC Chair Gary Gensler should be recused from the case, given his history with the exchange and its founder. Source: https://www.coindesk.com/policy/2023/06/08/binance-says-gensler-once-offered-to-be-an-informal-advisor/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The lawsuit, filed in 2021, alleges the platform operated in a way that enabled users to evade financial regulation and scam consumers. Source: https://www.coindesk.com/es/business/2023/06/08/us-judge-dismisses-lawsuit-against-defi-startup-pooltogether/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

ALSO: Stablecoin balances may provide additional insight into price direction. Source: https://www.coindesk.com/markets/2023/06/08/first-mover-asia-bitcoin-falls-below-265k-as-crypto-market-fades-amid-coinbase-binance-angst/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Source: https://www.coindesk.com/tech/2023/06/07/arbitrum-temporarily-stopped-processing-due-to-software-bug/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

After the SEC announced separate lawsuits against Binance and Coinbase this week, figures across the crypto space have been minting Coinbase’s “Stand with Crypto” NFT to show their support. …

Coinbase Source: https://www.coindesk.com/business/2023/06/07/coinbase-ceo-armstrong-says-not-shutting-down-staking-service/?utm_medium=referral&utm_source=rss&utm_campaign=headlines