Former CFTC Chairman Heath Tarbert Joins Circle as Chief Legal Officer

Tarbert will guide the company’s global strategy as it contends with regulatory issues in the U.S.Source

The Meaning of Community in Crypto Discussed at Consensus 2023

Consensus 2023 participants explored how user-focused design, cultural understanding, and gradual decentralization can drive mainstream crypto adoptionSource

Defiant by Default: Why Regulators Must Understand, Not Police, DeFi

Consensus 2023 visitors discussed DeFi’s growth, its need to comply with regulations, and the challenges of balancing crypto-native concepts with traditional finance requirements.Source

First Mover Americas: Binance.US Suspends Dollar Deposits

The latest price moves in bitcoin (BTC) and crypto markets in context for June 8, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.Source

Bitcoin Trades at Narrow Discount on Binance.US

News of a possible halt in U.S. dollar withdrawals sparked an increase in bitcoin trading as customers looked to remove their assets from the exchange, one observer said.Source

Hut 8 Says Repairs to Damaged Crypto Mining Equipment Are Taking Longer Than Expected

The delays are impairing the miner’s hashrate and bitcoin production.Source

Free Promotional NFTs, Crypto Airdrops Would Be Banned Under New UK Rules, Official Says

Crypto airdrops and NFTs themselves will not be banned, but using such incentives alongside promotions that encourage people to invest would be, said FCA’s Matthew Long.Source

EU Governments Friendly to Tough Crypto Bank-Capital Restrictions, Negotiator Says

A deal on new banking laws may be imminent, and will likely treat lenders’ crypto holdings as highly risky.Source

Hong Kong Monetary Authority to Prepare for Retail CBDC

The regulator will start conducting in-depth studies and pilots on the implementation of a future e-HKD.Source

Coinbase Shares Are ‘Uninvestable’ in the Near Term: Berenberg

The investment bank cut its price target on the stock to $39 from $55.Source