Crypto Investment Products Witness 9th Straight Week of Outflows: CoinShares
Altcoins witnessed inflows totalling $2.4 million, according to the report.Source
Investment Firm Republic Buys Stake in Crypto Broker-Dealer INX at $50M Valuation
Republic will acquire around a 9.5% stake in INX following the initial investment, with a commitment to acquire of 100% of equity at a valuation of $120 million as early as Q3 this year..Source
Do Kwon Sentenced to 4 Months Jail in Montenegro Document Forgery Case
The court has also ordered the confiscation of two Costa Rican passports, two Belgian passports and two identity cards belonging to Kwon and fellow Terra executive Han Chang-Joon.Source
UK Financial Watchdog Cancels Binance Permissions on Firm’s Request
U.K.’s Financial Conduct Authority said Binance’s local unit is no longer authorized to provide any regulated services in the country.Source
BNB Chain Releases Layer 2 Testnet Based on Optimism’s OP Stack
Developers expect the opBNB blockchain to reach speeds of 4,000 transactions per second at a targeted cost of 0.005 U.S. cents per transaction.Source
IMF Official Presents Blueprint for Cross-Border CBDCs
The international organization wants to help cut the cost of cross-border transactions, without abandoning compliance checks or capital controls.Source
First Mover Americas: Bitcoin Trades Flat, Altcoins Nurse Losses
The latest price moves in bitcoin (BTC) and crypto markets in context for June 19, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.Source
Binance, SEC Strike Deal to Move All U.S. Customer Funds, Wallet Keys Back Onshore
Binance, Binance.US and the Securities and Exchange Commission (SEC) announced a deal to ensure that only Binance.US employees could access customer funds late Friday.Source
Judge Signs Off on Binance, SEC Deal to Move All U.S. Customer Funds, Wallet Keys Back Onshore in Lieu of Restraining Order
Binance, Binance.US and the Securities and Exchange Commission (SEC) announced a deal to ensure that only Binance.US employees could access customer funds late Friday.Source
CFTC to Review Prediction Market Kalshi’s Contracts to Bet on Control of Congress
The Commodity Futures Trading Commission will decide on June 26 whether to start a formal 90-day review of prediction market provider KalshiEX’s contract that allows users to bet on which party takes control of the U.S. Congress.Source