Dragonfly, Arthur Hayes Back $6M Round for New Stablecoin, Ethena
The Portugal-based startup also plans to launch a bond token built on the stablecoin platform in the third quarter of 2023.Source
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Barclays Joins Wall Street Analysts Calling XRP Ruling Positive for Coinbase
Wall Street banks including J.P. Morgan also saw the ruling as a positive outcome for the crypto exchange.Source
Celo Proposes to Ditch Own Standalone Blockchain for Layer-2 Network on Ethereum
The development team behind the independent Celo blockchain says benefits could accrue from transitioning to the Ethereum ecosystem, in terms of greater liquidity, improved security and more compatibility.Source
SEC’s Gensler Says AI Could Play Big Role in Future Financial Crises
Artificial intelligence “may heighten financial fragility as it could promote herding,” the regulator said in a speechSource
Ron DeSantis Promises to Ban CBDCs if Elected President
DeSantis in March signed a bill as Florida’s governor to prohibit the use of CBDC’s within his state.Source
Binance Slashes Worker Benefits as Profit Falls: WSJ
Binance has stopped offering certain benefits to its employees on June 19 as the company’s profits continue to decline, according to former employees and internal company messages viewed by the Wall Street Journal.Source
BlockFi Bet Big on FTX and Alameda Even After Seeing Infamous Balance Sheet, Creditors Say
The crypto lender saw “the exact same balance sheet” later published by CoinDesk but still put clients’ money in Sam Bankman-Fried’s companies, a scathing new report claims.Source
Could the Ripple Ruling Spell the End of Regulation by Enforcement?
A long-awaited district judge’s ruling that some XRP token sales were not investment contracts will likely eventually lead to a bipartisan regulatory framework that is more favorable to the pro-crypto crowd in Congress, writes John Rizzo.Source