Business
The regulator’s efforts to freeze the company’s operations would put Binance.US out of business and prevent the firm from defending itself in litigation, lawyers said on Monday.
DeFi
The BNB Chain has been whitelisted to liquidate a past exploiter’s position on Venus Protocol to prevent a $200 million liquidation.
Bitcoin
The odds of a miner successfully solving a block with a single S9 miner would take place only once in 450 years, according to industry watchers.
A bankruptcy court has authorized FTX to remove all customer names from court filings.
Blockchain data shows an exodus of user funds from the three major exchanges that were named in SEC lawsuits last week.
Kraken NFT marketplace’s public launch extends blockchain support and expands its NFT offerings.
Binance.US will soon become ‘a crypto-only exchange’ as banking partners cut its access to U.S. dollar payment rails.
Ethereum
Ethereum’s Vitalik Buterin and Polygon’s Sandeep Nailwal will donate $100 million to Covid-19 research projects.
BitGo has signed a term sheet to acquire Prime Trust, a crypto infrastructure provider that had clients including FTX, Binance.US, and Celsius.
Regulation
The SEC’s habit of naming tokens as securities in lawsuits in which the token issuers are not named as defendants is “not fair,” according to Davis Polk partner Robert Cohen.