Binance.US Market Depth Declines 76% in June Following SEC Lawsuit

Binance.US’s market depth has dropped in June as market makers are fleeing the exchange following the SEC’s lawsuit.Source

21Shares Introduces Exchange-Traded Product for Liquid Staking Platform Lido DAO

While the product offers investors single-asset exposure to the liquid staking leader, the Switzerland-based firm classified this product as class 7 risk, the highest level.Source

A $1,200 Baseball Hat? Why Disco’s Swag Is ‘Prohibitively Expensive’

Source

Robinhood’s May Crypto Trading Volume Falls 68% to $2.1B

The trading platform recently delisted three tokens that were classified as securities in the SEC’s lawsuit against Coinbase and Binance.Source

Cardano Developer IOG Restructures to Venture Studio Model, Lays Off Some Staff

The blockchain research and engineering company has cut jobs as it pivots to a smaller venture studio business model.Source

Canada’s Largest University Starts XRP Validator in New Partnership With Ripple

The partnership between University of Toronto and Ripple is part of the latter’s University Blockchain Research Initiative (UBRI) in Canada.Source

Blockchain Staking Provider Chorus One Expands to Peer-to-Peer Network Urbit

Chorus One’s bet on Urbit’s future growth is described by executives as a natural extension of the company’s staking services on blockchains including Ethereum, Solana, Cosmos and Polkadot.Source

First Mover Americas: VC Giant Andreessen Horowitz Looks to U.K. for Expansion

The latest price moves in bitcoin (BTC) and crypto markets in context for June 12, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.Source

Crypto Storage Firm Censo Offers Institutions Mobile Phone-Enabled Self Custody

Censo is the latest in a crop of cheap, open-source options for organizations looking to store digital assets.Source

Binance’s Nigeria Unit Ordered to Halt ‘Illegal’ Operations by Securities Watchdog

The order against Binance Nigeria Limited follows U.S. SEC allegations that the exchange had violated federal securities laws.Source