SEC Clampdown Spurs $4B Deposit Flight From Binance, Coinbase and Binance.US

The exchanges, targeted by the SEC for violating federal securities laws, have endured a significant wave of user withdrawals but managed to process transactions in an orderly fashion so far.Source

CFTC Wins Lawsuit Against Ooki DAO

Source

Binance’s BNB Token Saw Millions in Sell Orders Right Before SEC Lawsuits

In trading, timing is everything and it appears that some traders put in well-timed sell orders for BNB, ahead of the massive SEC crackdown against crypto exchange Binance on June 5.Source

Bitcoin Payments Firm Strike Moves Custody In-House After Ditching Third-Party Services

The move is a “culmination of over two years of effort,” according to Strike CEO and cofounder Jack Mallers.Source

Crypto.com Winding Down U.S. Institutional Business

Singapore-based crypto exchange Crypto.com will no longer be offering its service to institutional clients in the U.S. due to “limited demand,” the company announced Friday.Source

Louis Vuitton’s Soulbound Luxury NFTs, Apple’s Expensive Vision

Sotheby’s will sell Dmitri Cherniak’s “The Goose” NFT at a live auction this month, while Mercedes Benz released a collection inspired by its luxury vehicles.Source

Ethereum’s Buterin Releases Roadmap Addressing Scaling, Privacy, Wallet Security

In his blog post, Buterin shares that the network needs to address these components simultaneously, otherwise the blockchain fails.Source

Mt. Gox’s Hackers Are 2 Russian Nationals, U.S. DOJ Alleges in Indictment

The U.S. Department of Justice charged Russian nationals Alexey Bilyuchenko and Aleksandr Verner with hacking Mt. Gox in 2011, at the time one of the biggest thefts in the crypto industry.Source

With Ether Options Market Makers ‘Long Gamma’ at $1.8K, Price Is Likely to Hold

Traders said market makers are holding options with a $1,800 strike price and are likely to influence prices as they try to keep their portfolios direction-neutral.Source

Curve Finance CEO Egorov Sued by 3 DeFi-Focused Venture Capital Firms

Michael Egorov, the CEO of decentralized finance (DeFi) firm Curve Finance, is being sued for fraud by venture capital firms ParaFi Capital, Framework Ventures and 1kx in the U.S.Source