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Bitcoin’s ‘Great Accumulation,’ Binance.US resumes fiat withdrawals, and other news: Hodler’s Digest, June 18-24
Bitcoin’s “Great Accumulation” period has begun, Binance.US withdrawals resume, and the U.K. prepares for its upcoming crypto regulation.
Tokenized FTX claim is used as collateral for a loan
A creditor of now-bankrupted crypto exchange FTX pledged a $31,307 claim as collateral for a DeFi loan.
Ether price eyes $3K as exchanges’ ETH balances drop to an all-time low
On-chain data and ETH price charts are beginning to hint at a possible rally to $3,000.
Crypto trading is an important part of the virtual asset ecosystem, says Hong Kong's SFC chief
According to the CEO of Hong Kong's Securities and Futures Commission, Julia Leung Fung-yee, incorporating virtual assets into the regulatory system was crucial after FTX bankruptcy.
Shiba Inu burn Twitter account experiences suspension
Shibburn said that Twitter’s developer portal indicates a violation of Twitter rules and policies by its app.
5 AI tools for translation
Explore AI translation tools, their features, benefits and pricing models to find the right solution for your translation needs.
Trader takes $4m short position on TrueUSD as issuer halts mints and redemptions
An Ethereum user used Aave's V2 lending platform by depositing 7.5 million USDC as collateral.
Mainstream media challenge decision to protect FTX customers: Report
Legal representatives of the media outlets have reportedly argued that FTX is not entitled to a “novel and sweeping exception” just because its customers used cryptocurrency.
Celsius creditors allege Wintermute facilitated 'wash trading': Report
It was alleged that Celsius executives engaged Wintermute to conduct wash trading to “fraudulently" manipulate trading volumes on the Celsius platform.
ECB official labels crypto as 'deleterious' with 'no societal benefits' in scathing speech
According to Fabio Panetta, the volatility of crypto and aspects of blockchain technology made digital assets only suitable for gambling.