CRYPTO ASSETS

Kusama previously mentioned a "something is coming" trailer, scheduled for early July, which is believed to be related to the upcoming addition to the Shiba Inu ecosystem.

Apple pointed out in the warning email that Damus' tipping feature allows users to send tips for receiving content from content creators, which utilizes a mechanism "other than in-app purchase."

The threat, which could have potentially victimized an experienced trader, highlights the ongoing issue that every crypto investor faces every day.

"Since the CFTC and the SEC have not been able to figure this out, we're gonna have to have Congress step in and draft legislation that will unblock this issue in the United States," the Coinbase CEO said.

CZ denied the allegations and shared his disbelief on how "they can know exactly who sold based on just a price chart involving millions of traders. FUD."

The Hinman documents, which contain internal communications within the SEC regarding a speech delivered by Hinman despite warnings from other divisions of the financial regulator, were unsealed Tuesday.

JP Morgan strategists claimed that if the financial regulator wins the legal battle, it could trigger the delisting of tokens from exchanges and restrict the potential development of the blockchains behind the tokens.

BOCI's deputy CEO said that the move was inspired by the "evolution of Hong Kong's digital economy."

Last week, the U.S. SEC classified MATIC, Polygon's native token, as a security.

Offshore crypto exchanges saw a significant increase in terms of trading volume, with the research revealing offshore trading platforms experiencing four times more than the exchanges in the U.S.

While altcoins continue to wade in the puddle of red, Bitcoin showed dominance in the market, with long-term holders and market participants continuing their accumulation of the world's first-ever crypto asset and showing very little activity when it came to sending their stash to exchanges.

In a previous tweet, Kusama even joked with a Shiba Inu developer that they may have leaked the draft of a crucial Shiba Inu document to the popular Russian-Canadian programmer.

There are a lot more initiatives that the team is currently working on, some of them have not been made public and are tightly kept under wraps.

The prices of the assets deemed as securities nosedived following the classification. ADA witnessed an 11% loss and was trading at $0.325; SOL was down 8% and was trading in the red zone at $19; and MATIC saw a 12% decline in its value at $0.784, according to the data from CoinMarketCap.

Musk's tweet is some sort of reassuring to holders of the meme coin, as the market is experiencing a sharp crypto sell-off because of the mounting regulatory pressure and enforcement by the U.S. SEC in the past week.

In the past few months since the collapse of the so-called algorithmic stablecoin TerraUSD (UST) and token LUNA, several claims and pieces of evidence have hinted that Do Kwon knows exactly what to do when it comes to safeguarding his wealth.

The collapse of the business wiped clean investments from a lot of users, many of whom are still waiting on what remains on the company's estate to be redistributed.

Crypto.com launched the alpha of its institutional investor crypto service in the US in March 2022.

The commission-free trading platform shared that it will end its support for Cardano, Polygon and Solana crypto assets at 6:59 p.m. ET on June 27.

Binance.US also announced delisting of USD trading pairs next week and the imminent pause of fiat withdrawals starting June 13.

Aside from his over six years of prison sentence, the 64 years old businessman from Arizona was ordered by the court to "pay a forfeiture of $740,249,140.52 and restitution in the amount of $53,189,261.80 to the AAF."

Binance immediately responded to the news about the SEC filing the emergency motion in an attempt to quell potential unrest and anxiety among its clients, and called the motion "unwarranted" and executed on an "expedited basis."

The team is "doing everything they can to get those funds back," Atomic Wallet chief marketing officer Roland Säde said, adding that "in order to create a concrete plan, the investigation must be completed."

Musk's tweet about DOGE, unfortunately, was not impactful enough to fuel a price surge, considering the doom and gloom of the SEC lawsuits against major crypto exchanges that dampened sentiments.

The SEC filed a lawsuit against Coinbase on Tuesday alleging that the exchange has been operating an unregistered exchange, broker, and clearing agency.

The SEC sued Coinbase on Tuesday just a day after filing 13 charges against major exchange platform Binance.

The entire cryptocurrency market wallowed in the puddle of red on the news, showing up to double-digit losses particularly observed in the tokens the SEC deemed as securities.

The financial regulator's action was not taken lightly by the crypto community, with its personalities immediately viewing the move as "an act of war."

While Multichain has not yet officially released any updates related to the resumption of halted cross-bridges operations on its official Twitter account, industry experts confirmed transactions happening on the troublesome protocol.