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
Millions in Polygon’s MATIC Tokens Were Sent to Binance and Coinbase Ahead of 30% Slide, Data Shows
“Altcoins can crash this weekend even more as trading volumes are thin and market makers such as Binance have become less active,” one crypto firm warned.Source
SOL, ADA, MATIC Tokens Slide 20% in Sudden Move Days After SEC Lawsuit Allegations
Several tokens were alleged as securities earlier this week, leading to a possible risk-off among traders.Source
Custodia’s Suit Against Fed Over Denial of Master Account Can Proceed, Court Rules
Custodia’s challenge of the Federal Reserve Bank of Kansas City’s decision to deny the crypto-friendly bank access to the Fed banking services can continue, a U.S. district court ruled Thursday, rejecting a Fed motion to dismiss the case. The U.S. District Court of Wyoming, however, did reject Custodia’s request that the Fed be compelled to grant it a so-called master account and membership with the Fed, Instead, Custodia must continue its claims via normal channels.Source