Ordinals(ORDI)

The Ethereum (ETH) and Bitcoin (BTC) networks suffered several congestion levels in May occasioned by meme coins and BTC Ordinals, respectively.

According to court documents, a total of $93 million was handed out by FTX in donations between March 2020 and November 2022, creating a dilemma for recipients.

According to Nigeria's securities regulator, Binance is neither registered nor regulated in the country, making its operations illegal.

According to the survey, 35% of Canadian crypto owners have been conned by crypto scammers.

Here are the three things Ethereum must have to not “fail,” according to Vitalik.

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

IC1101 is committed to providing a more immersive, fun, and autonomous experience than the current metaverse. IC1101, named after its astronomical designation, shines with infinite, mysterious light in the vast universe. As one of the largest known galaxies in the universe, IC1101 represents a huge, mysterious, and spectacular existence. It undoubtedly contains endless wonders and unknowns waiting for human exploration. IC1101 is a mysterious galaxy, a new metaverse project name, and a super immersive multi-dimensional universe platform dedicated to providing a more immersive, fun, and autonomous experience than the current metaverse. Participants will be able to explore the mysterious qualities of IC1101 and discover endless possibilities within it. Current metaverse projects often have limitations in terms of graphics, immersion, and participant decision-making power. IC1101 aims to solve these limitations and take the realism, participation, and activity of the metaverse world to a new level. So, can it stand out in fierce competition and become a dark horse? Let us embark on the journey of IC1101 together, explore this mysterious galaxy, and find the answers. When Adventure Meets Creativity In the world of the metaverse, a fascinating worldview is particularly important: it not only determines the style of the project and the immersion of the players, but also opens up more imagination space for storytelling. As a galaxy full of wonders and fantasies, IC1101 has a unique and captivating worldview, bringing unprecedented experiences to participants. The worldview of IC1101 is based on diversity and freedom. Eight major races converge in this galaxy, each with unique appearances and abilities. From appearance to cultural customs, from ideological concepts to social structures, the differences between races in IC1101 are rich and inclusive. In this galaxy, players will be able to explore the blending and mutual influence of diverse cultures, and feel the interaction and cooperation between different races. IC1101 also provides players with great freedom and creativity. Players can choose their own role identity, create unique appearance and personality traits, and participate in various exciting activities and scenarios, such as driving spaceships to explore unknown planets in the galaxy, discovering hidden cosmic secrets; They can also join teams, collaborate to solve complex puzzles and tasks, and experience the fruits of cooperation and unity. At the same time, players can also trade in the economic market of IC1101, buying and selling various precious resources and items, and developing their own wealth and power. Overall, IC1101 combines elements of science fiction, fantasy, and mystery. Players will find themselves in a colorful and mysterious interstellar world, where every exploration and adventure brings new surprises and challenges. But how will this worldview be realized through technology? Multi-platform support attracts different user groups. Overall, IC1101 is an immersive metaverse platform based on a multi-chain architecture that allows users from different public chains to easily connect. Through the introduction of token economics and NFTs, users can have their own digital assets and ownership, and can engage in social and game cooperation to complete tasks, satisfy their desires, and earn rewards. IC1101's appeal is not just in its technological innovation and diverse universe construction, but more importantly, in its ability to attract different types of user groups. Before introducing specific products and technologies, it is worth considering who will be interested in the metaverse. We can divide IC1101's audience into two categories, heavy gamers and casual gamers. The former includes tech enthusiasts and gamers who have some technical expertise and equipment requirements, are interested in immersive virtual experiences, and pursue the ultimate experience; while the latter are more focused on commercial and social aspects, such as enterprises or projects interested in Web3 business models, and players who want to find more social opportunities and new friends in the virtual world. Based on the needs of different user groups, IC1101 provides two products to meet their expectations: IC1101 World and IC1101 Space. IC1101 World: A more immersive metaverse world. IC1101 World is a more immersive metaverse world. In terms of technology and graphics, it is created using the Unreal Engine 5, with outstanding image quality that forms a strong contrast to most of the current metaverse projects made with the Unity engine, which tend to be low-poly in style. In actual gameplay experience, we can see finely detailed graphics similar to those of AAA games, including finely detailed building details, dynamic blur during movement, and reflection of ripples on the water surface, all of which make players feel fully immersed in a virtual world. In terms of scene design, IC1101 World provides more three-dimensional scenes, including different planets and buildings. Each planet has a unique theme and function, such as planets specifically designed for battles and planets for exhibitions and demonstrations. Different buildings also serve different purposes, such as Sony's music hall, which can be used for music playback and related artist activities. In terms of scene design, IC1101 World offers more three-dimensional scenes, including different planets and buildings. Each planet has a unique theme and function, such as planets specifically designed for battles and planets for exhibitions and demonstrations. Different buildings also have different functions, such as Sony's music hall, which can be used for music playback and artist-related activities. In addition, virtual assets have been mapped more realistically in the IC1101 World, and players can directly view and purchase NFTs in the mall, change outfits, and become a 3D image of the NFT, which also provides possibilities for more collaborative creation. IC1101 Space: Lower Threshold for Participation IC1101 World will bring better graphics and a more immersive world to players, but the cost is higher hardware requirements for accessing devices. A well-configured computer may be needed to smoothly enter the metaverse. However, not everyone is a hardcore gamer or an extreme immersion seeker. For more casual players who want to experience the scenes and interactions of the metaverse, IC1101 provides another option: IC1101 Space. IC1101 Space can be accessed through a simple browser login, presented in the form of a webpage, making it convenient and fast to use. Although the graphics may not be as detailed as the World version, they significantly lower the barrier to entry, making them particularly suitable for commercial and social users. In IC1101 Space, players can take on their own roles and participate in online displays and interactions. Compared to traditional social media platforms, IC1101 Space provides richer ways of interaction. In the same scene, players can communicate and greet others, have deeper interactions with organizations, media, and partners they are interested in, bringing them closer together. Immersion is not the first choice for social demand orientation, as it is more important to allow more people to participate in the activities together. IC1101 has achieved this very well. It is worth mentioning that the user data and scenes of the two versions, IC1101 World and IC1101 Space, are interoperable. This means that users can choose different login methods according to their own needs, but their behavior is visible in both versions, and together they influence the world of IC1101. This versioning method for different user groups can attract more users and provide better experiences for different types of participants. This is relatively rare in current metaverse projects, and many projects may not have considered this layered demand. For hardcore players and explorers who are looking for ultimate graphics and immersion, IC1101 World provides a more immersive metaverse experience. For casual players who want to participate in metaverse social and business activities, IC1101 Space provides a lower threshold for participation. Whether for technology enthusiasts, gamers, business users, or social users, IC1101 can meet their needs and create new digital experiences and lifestyles for them. A sense of participation puts the galaxy within reach. The essence of social interaction is a sense of participation. People are the sum of social relationships, and in many metaverse projects, simple display and gathering are only a one-way and low-interaction social relationships, which cannot give players a strong sense of participation. Over time, players will feel empty and boring, and a rich and fulfilling virtual world seems out of reach. Therefore, the metaverse also needs to be built around a sense of participation, so that users are willing, good at, and immersed in this virtual world, becoming "digital natives" in the metaverse. In addition to excellent graphics and sensitive user segmentation, IC1101 is also working on a sense of participation. Firstly, in terms of social aspects, in IC1101, users can enter with their own NFT digital avatars, and can also use these avatars within IC1101. This way, users can communicate with others in the virtual world through their digital avatars. Through functions such as lobby chat, private chat, friend teaming, community tasks/activities, live streaming, and social media sharing, users can establish emotional connections with others. In addition, users can also enhance friendships by sending friends gifts. These social functions not only allow users to display their digital avatars in IC1101, but also to establish real social relationships with others. Next, let's delve into the gaming aspect. IC1101 is committed to creating interactive gaming spaces. In the world of IC1101, users can indulge in a wide variety of casual games, enticing more Web2 multi-users to migrate to the Web3 world. With diverse gaming experiences, IC1101 offers users more interactive and entertaining choices, allowing them to have a stronger sense of engagement within the game. In addition, IC1101 provides a whole new shopping experience. Users can present and sell 2D NFTs purchased on other platforms in a 3D manner within IC1101. Furthermore, brand collaborations are able to bring users a shopping experience beyond reality. By partnering with brands, IC1101 has created a 3D NFT digital mall, offering users a completely new way of shopping and experiencing. Finally, IC1101 also allows users to participate in scenario decision-making. Users can vote to decide the functions of buildings and scenes implemented in the metaverse world. This way, users can participate in the construction process of the metaverse, express their opinions and ideas, and further enhance their sense of participation in IC1101. Expert Team The project members of IC1101 are a group of creative industry experts with an average of 15 years of experience in their respective fields. The team members are located in North America and Asia, and have worked for globally renowned companies such as Dfinity, UBISOFT, Disney, Unity SF, and Konami. They have had long-standing partnerships with top global companies such as Blizzard, EA, Sony, and Amazon, and have participated in the development of many well-known products such as Hearthstone, World of Warcraft, Diablo, Harry Potter, New World, and The Last of Us. The team members have a great passion for the Metaverse project and a deep understanding of it. They are familiar with the concept and development trends of the Metaverse, and are committed to creating an exciting and meaningful virtual experience for users. The strength and partnerships of the IC1101 team have laid a solid foundation for the success of the project. Their professional knowledge and rich experience will ensure that IC1101 can provide the best technical solutions and continuously drive the development of the Metaverse. The team's goal is to create a realistic and engaging virtual world for users where everyone can experience unlimited possibilities and fun. SPACE X 3.0: Immerse Yourself in the Advanced Metaverse Even before its official launch, IC1101 offers a unique opportunity for an early experience that everyone has been eagerly waiting for. On June 6th, starting at 10:00 AM, IC1101 is hosting a significant event called "SPACE X 3.0" Demo Day, providing a vital chance for those interested in the project. This event will showcase the latest developments of the IC1101 project and allow participants to have a firsthand experience of its remarkable products. "SPACE X 3.0" Demo Day will take place in IC1101 Space. Participants will enter this metaverse in the form of digital avatars and engage in interactions with others. The event will offer a diverse range of experiences, including airdrops of tokens and real-time PvP competitions. From the scenes of the event, it's apparent that the inaugural Demo Day has attracted thousands of visitors and garnered support from 30 VCs and 8 media outlets. This demonstrates the convenience, immersion, and engagement that IC1101 provides to its participants. Beyond the event itself, we are also highly excited about the future of the IC1101 project. Through the showcase at Demo Day, IC1101 will unveil its enormous potential and prospects as a real metaverse to the world, bringing users more innovation and thrilling experiences. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Trading app Robinhood will remove Solana, Cardano and Polygon from its platform come June 27. The move comes after the SEC alleged that several crypto tokens are unregistered securities. Robinhood Markets Inc. announced today that it would end support for Solana (SOL), Cardano (ADA), and Polygon (MATIC) as of June 27. No Other Coins Will Be Affected The trading app informed users they would no longer be able to trade the tokens on its platform just days after the SEC labelled several popular cryptocurrencies unregistered securities. The regulator made the allegations in a lawsuit against crypto exchange Binance and its CEO, Changpeng Zhao. The lawsuit names Cardano, Polygon, Solana, Cosmos Hub (ATOM), Filecoin (FIL), Decentraland (MANA), Algorand (ALGO), The Sandbox (SAND), Coti (COTI), and Axie Infinity (AXS). The suit also identified the BUSD and BNB stablecoins as securities. Robinhood limited its delisting to SOL, ADA, and MATIC and said to users that no other coins would be affected and would remain safe on its platform. It had been reported that the trading app would review its cryptocurrency offerings. On Tuesday, the company’s chief legal officer, Dan Gallagher, told Congress that it is “actively reviewing” the SEC’s analysis “to determine what if any, action to take.” Gallagher, a former SEC commissioner, testified before the House Agriculture Committee during a meeting on digital assets. SEC Sparkes Chaos in the Crypto Market The securities agency filed lawsuits against two of the largest cryptocurrency exchanges – Binance and Coinbase. According to the SEC, Binance mishandled customer funds and deceived investors and regulators about its operations. It further alleged that both Zhao and the exchange failed to restrict US customers from its platform and charged Binance with operating as an unregistered securities exchange. The agency filed suit against Binance’s rival platform, Coinbase, accusing the exchange of acting as an unregistered broker, exchange, and clearinghouse. The SEC charged Coinbase for “the unregistered offer and sale of securities in connection with its staking-as-a-service program.” Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

A Bitcoin inscription service aims to compete with Ordinals by offering smart contracts and larger file sizes.

Cryptocurrency custody firm BitGo is seeking to buy Prime Trust, another crypto custody specialist regulated in the state of Nevada, according to a person familiar with the matter.

$CatGPT is launching its own NFT collection on its website, CatGPT.Nexus, where you can try him yourself and interact with our A.I Overlord. Are you ready to join the feline revolution? Meet $CatGPT, the world’s first AI cat-ledEthereum token and NFT collection from a development team based in the UK. CatGPT is an ambitious project that aims to take over the web3 space with its unique vision and personality. $CatGPT is not your ordinary token. It is powered by a sophisticated artificial intelligence that can generate content and communicate with his own unique personality. $CatGPT is also the leader of a loyal community of cat lovers who share his passion for world domination and innovation. The collection will feature 5,000 unique cyborg cat avatars that represent CatGPT’s army of followers. The NFT collection will go live on 16th of June 2PM EDT. The minting price will be payable in $CatGPT tokens and all tokens received will be burnt. The demand is expected to be high, so don’t miss this opportunity to join the cat revolution and support CatGPT’s mission. To learn more about CatGPT, visit his website at CatGPT.Nexus or follow us on Twitter at @CatGPT__ETH. You can also join the Telegram group https://t.me/CatGPTETH to chat with the community. CatGPT is more than just a token. It is a movement. A movement that will change the web3 space forever with feline world domination! Are you in? Contact: Development team [email protected] Website: https://www.catgpt.nexus/ Twitter:https://twitter.com/CatGPT__ETH Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

Source: Depositphotos Decentralized wireless (DeWi) operator World Mobile has announced a major expansion to its African network coverage following successful field trials. The company, whose decentralized network forms part of the sharing economy, has been conducting tests in Kenya, Mozambique, and Nigeria ahead of a broader rollout across the African continent. World Mobile Does DeWi For the past few months, World Mobile has been on a mission to convince Africans to trial its cellular data service. Its message is simple: World Mobile can provide data significantly cheaper than incumbent carriers and provide better coverage, particularly in rural areas where residents can struggle to get a signal. World Mobile’s ultimate goal is to create a community-owned wireless network that spans the globe, with users incentivized to provision spare bandwidth. To get its African service up and running, however, the company has utilized TV White Space equipment. This taps into unused spectrum in the TV broadcast band, harnessing it to deliver mobile network services. To further boost bandwidth, World Mobile also utilized Starlink, the satellite internet constellation operated by SpaceX. According to World Mobile CEO Micky Watkins, “The successful completion of field tests in Kenya, Mozambique, and Nigeria, mark a significant milestone in World Mobile's mission to connect the unconnected. These tests validate the feasibility and scalability of our DeWi technology, bringing us one step closer to providing affordable and reliable internet access to both rural and underserved areas worldwide.” From Zanzibar to India and Beyond World Mobile has been steadily rolling out its services to select territories with a view to gauging demand and ensuring its network can scale to match demand. Last month, the company launched its commercial service in Zanzibar, having completed successful trials in the East African island cluster that saw 16,000 users sign up. Meanwhile, the company has announced its intention to perform periodic buybacks of its WMT token. The token is used to reward participants in World Mobile’s sharing economy and support adoption of its mobile solutions. Ultimately, World Mobile aims to forge an inclusive mobile ecosystem in which users can earn revenue while retaining a degree of ownership over network infrastructure and data. Within the radical decentralized mobile economy World Mobile is building, individuals and businesses are encouraged to operate nodes on the network. This helps provide greater network coverage while rewarding operators for their efforts. While Africa has formed the focus of World Mobile’s strategy for much of 2023, there are plans to gain a foothold in other key regions including India. Tellingly, the company recently announced the appointment of Manoj Kohli as an advisor. As the former country head of SoftBank India and CEO of Bharti Airtel, Kohli’s telecoms expertise will be pivotal in realizing this goal. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Is Cardano in the face of any of its entities next under the SEC's radar? The Commission has claimed that ADA is a security.

San Francisco-based Web3 developer hub Ankr has officially launched Enterprise Remote Procedure Call (RPC) services on Microsoft's Azure Marketplace, following their partnership announcement in February this year. The service is intended to provide Azure's vast customer base with low-latency, globally accessible blockchain connections, aiding them in their Web3 project and application development. Notably, Ankr's AppChains, a solution enabling enterprises to deploy dedicated, customizable blockchains, will also be made available on Azure Marketplace. Initial offerings will include the deployment of Polygon Supernets with a promise of more blockchain ecosystem choices in the near future. "Through this partnership, we are abstracting away what is often an impediment to testing, deploying, and scaling Web3 projects seamlessly," shares Daniel An, Microsoft's Director of Business Development. AppChains have been part of Ankr's product line-up for a year now. These scalable, application-specific blockchains facilitate decentralized app development and project execution for Web3 organizations. Their popularity among traditional enterprises has grown significantly due to their versatile application potential across banking, institutional clients, CBDCs, gaming, and more. By offering AppChains through the Azure Marketplace, enterprises have a vetted and trusted platform to explore and adopt this new technology. Ankr's AppChains aim to overcome significant hurdles faced by enterprises, such as scalability, user experience, and the cost of hiring new Web3 engineering talent. AppChains provide speedy and affordable transactions, seamless user experiences, regulatory compliance, and comprehensive engineering support. These advantages could streamline the transition to Web3 for many firms interested in the digital asset space. Peter Stewart, Head of Infrastructure at Ankr, praised the collaboration with Microsoft and highlighted their anticipation for increased demand following the Azure Marketplace launch. Simultaneously, Kev Silk, Ankr AppChains Lead, underscored Ankr's commitment to facilitating Web3 accessibility for large businesses through this enterprise-grade chain solution. "With Microsoft's guidance, we will continue to innovate and improve based on user feedback and performance metrics. This partnership has been remarkable, and we are excited for the future of our Enterprise RPC service," Stewart shares. Ankr, as an all-in-one Web3 developer hub, offers an extensive toolkit to build Web3 apps and establish high-performance connections to over 30 blockchains. Ankr is an approved infrastructure partner for constructing application-specific blockchains on ecosystems like the BNB Smart Chain, Polygon, and Avalanche. According to data from 2022, Microsoft Azure is the second-largest cloud service provider worldwide, commanding a market share of approximately 20%. Analysts predict that by 2024, global blockchain technology revenues are expected to reach $23.3 billion. Given this context, the Ankr-Microsoft partnership could be a significant step in catering to this emerging demand. The Ankr and Microsoft Azure collaboration represents an important development in the expansion of Web3, emphasizing the increasing importance of reliable infrastructure in fostering its growth. By facilitating the rapid deployment of customized blockchains and providing scalable connections to over 30 blockchain networks, this partnership could catalyze the mainstream adoption of Web3 technologies. Building Web3 infrastructure is akin to creating the foundational pillars of the next-generation internet. It provides the necessary groundwork that enables decentralized applications (dApps) and platforms to run smoothly. This not only enhances performance but also ensures that these platforms can effectively maintain the decentralized ethos at the heart of the Web3 vision. What's Next For Ankr and Microsoft Azure? Microsoft Azure's involvement in this endeavor is notable. As one of the leading cloud service providers, Azure brings extensive expertise in facilitating scalable, reliable, and secure cloud solutions for various applications. Its entry into the Web3 infrastructure space underscores the intersection of traditional tech giants with the burgeoning field of blockchain technology. In terms of broader implications, the Ankr-Microsoft partnership provides an excellent example of how cloud services can fuel the growth of Web3. Cloud computing, with its inherent flexibility, scalability, and cost-effectiveness, provides an ideal environment for developing and deploying dApps, smart contracts, and other blockchain-powered applications. In fact, the synergy of cloud computing and blockchain could serve as a catalyst for new business models and applications in the Web3 space. For instance, decentralized data storage and management, enhanced digital identity solutions, and streamlined supply chain systems are among the numerous potential applications of a blockchain-cloud fusion. Microsoft Azure, with its robust cloud infrastructure, has a history of fostering such innovations. The platform's as-a-service offerings – including Software-as-a-Service (SaaS), Platform-as-a-Service (PaaS), and Infrastructure-as-a-Service (IaaS) – have already disrupted multiple sectors. By extending these capabilities to Web3 infrastructure development, Azure could unlock new frontiers in the decentralized tech landscape. The integration of Ankr’s Enterprise RPC services and AppChains into Azure Marketplace, therefore, not only marks a significant step in Web3 infrastructure development but also demonstrates the potential of cloud services in accelerating the growth of Web3. As enterprises worldwide increasingly recognize the potential of blockchain technology, collaborations like these are likely to become more prominent, shaping the evolution of the Internet as we know it. Partnerships such as Ankr and Microsoft Azure's represent a critical step in this direction, bringing together the flexibility of cloud services with the transformative potential of blockchain technology. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

The former CEO of Binance.US, Brian Brooks, has revealed why he left his position as the CEO of the exchange in court documents submitted this week. Brooks had resigned as the CEO of Binance.US in August 2021, just months after taking the position. Shadow CEO Court documents cited Brooks in a transcript linked to documents regarding the United States Securities and Exchange Commission’s case against Binance, Binance CEO Changpeng Zhao, Bam Trading, and Bam Management. In the interview transcript with the Securities and Exchange Commission (SEC), Brooks was asked about his role as the head of Binance.US; Brooks stated, “I did not work for Binance.com, that nobody at Binance.com was my boss, and that my role was to complete and highlight the corporate separateness. So when I talked to CZ, I considered myself to be talking to him in his role as board chair of BAM Trading. What became clear to me at a certain point was [that] CZ was the CEO of BAM Trading, not me…That wasn’t because Binance.com somehow controlled us, but again, he owns the vast majority of Binance.com, so I put that aside.” At the time of resigning, Brooks stated that he was leaving his position as the CEO of Binance.US because of differences over strategic direction. Brooks held his position at the American arm of Binance for only three months. The SEC’s Case Against Binance The Securities and Exchange Commission filed a lawsuit against Binance and its CEO Changpeng Zhao on Monday. The lawsuit contained 13 charges, including allegations of fraud and co-mingling of customer assets. The action came after months of threats, warnings, and discussions, with the exchange and Zhao accused of operating a “web of deception.” The filing against Binance also includes quotes from multiple unnamed Binance executives, which it stated were acknowledging that they were running Binance.com as an unregistered securities exchange in the US. It also quoted Zhao as seeking ways to keep its VIP customers. According to the lawsuit, Zhao, in a weekly meeting with senior company officials, stated, “We don’t want to lose all the VIPs, which actually contribute to quite a large number of volume. So ideally, we would help them facilitate registering companies or moving the trading volume offshore in some way—in a way that we can accept without them being labeled completely US to us.” Binance Reacts Binance handles billions worth of investments for small and established investors and also sponsors Italian Serie A team Lazio and the Argentina National team. The action on the exchange is part of a wider crackdown on crypto initiated by the SEC, which began after the collapse of FTX. FTX founder Sam Bankman-Fried has been charged with several offenses, including securities fraud and money laundering. Reacting to the SEC lawsuit, Binance stated that it was “disheartened and disappointed” with the SEC lawsuit. It added that it had extensively discussed with the regulator to reach a negotiated settlement. “Most recently, we have engaged in extensive good-faith discussions to reach a negotiated settlement to resolve their investigations. But despite our efforts, with its complaint…the SEC abandoned that process and instead chose to act unilaterally and litigate.” The SEC also added that it had filed a temporary restraining order against BAM Trading, BAM Management, which oversees Binance.US operations, and against Binance. If the order is granted, it would look to freeze the assets of BAM Trading and BAM Management. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

As most investors offloaded Coinbase shares following the SEC’s lawsuit, Cathie Wood’s Ark Invest took the opportunity to buy the dip. Cathie Wood’s Ark Invest knows when to grab an opportunity and run. After the US Securities and Exchange Commission (SEC) announced a lawsuit against crypto exchange Coinbase, three funds of Ark Investment Management added almost 420,000 Coinbase (COIN) shares. According to its trade disclosures, the flagship Ark Innovation ETF (NYSE: ARKK) added around 330,000 Coinbase shares, worth about $17 million based on the closing price on Tuesday. Ark Next Generation Internet ETF (NYSE: ARKW) bought about 53,900 shares, worth $2.8 million, and Ark Fintech Innovation ETF (NYSE: ARKF) bought approximately 35,700 shares, worth about $1.8 million, Forbes reports. Throughout Tuesday, Coinbase’s stock dropped 11.4%, with share prices dipping from $58.26 to $51.61. Tuesday’s purchase marks the first since May 3 and brought Ark’s total Coinbase holdings to 11.44 million shares, a position worth approximately $590 million. The SEC’s Crypto Witch Hunt This week, the SEC launched an attack on crypto by suing Coinbase and rival exchange Binance. According to the agency, Coinbase allegedly acted as an unregistered securities exchange, broker, and clearing agency, charging it for “the unregistered offer and sale of securities in connection with its staking-as-a-service program.” It further deems at least 13 crypto assets on Coinbase’s platform as “crypto asset securities.” Among the SEC’s extensive list of so-called securities are Cardano (ADA), Polygon (MATIC), and Solana (SOL). The SEC’s declaration of some tokens as securities has caused doubt in the industry. Crypto trading platform Robinhood is reportedly reconsidering its crypto offerings by “actively reviewing” the SEC’s analysis “to determine what if any, action to take.” Coinbase CEO and co-founder Brian Armstrong welcomed the lawsuit and said a court battle would help establish much-needed clarity around industry rules and regulations. Regarding the SEC complaint against us today, we're proud to represent the industry in court to finally get some clarity around crypto rules.Remember:1. The SEC reviewed our business and allowed us to become a public company in 2021.2. There is no path to "come in and… — Brian Armstrong

Geneva, Switzerland, June 8th, 2023, ChainwireIt’s been five years since the day in late May 2018 when the TRON MainNet emerged. The layer one blockchain can now authentically be labeled as the public chain of choice, with the most daily active users, the most daily transactions, and the largest circulation of the stablecoin USDT. Impressing the industry with one achievement after another, it has grown into the global leader among all public chains. As the number of comparable chains and competitive options has exponentially increased, TRON continues to stand out with its second-to-none performance, scalability, and security, attracting masses of developers and users worldwide.Following TRON's anniversary, on June 1, Hong Kong's Securities and Futures Commission (SFC) began accepting applications for crypto trading platform licenses. As a top-tier public chain, TRON has promised full support for Hong Kong's Web3 ambitions to become a crypto hub of the world.TRON was founded by H.E. Justin Sun in 2017, and its MainNet went live on May 31, 2018. Five years into the launch of its MainNet, TRON now has over 165M users worldwide and has processed more than 5.7B transactions. According to DeFiLlama, it also outshines the pack with a TVL (Total Value Locked) second only to Ethereum.TRON has established a robust commerce infrastructure via partnerships across the industry. It has become the global stablecoin highway for USDT, USDC, TUSD, USDJ, and USDD.According to the data on Tether's website, the supply of TRC20-USDT has exceeded 46.1B, now 10B more than the Ethereum-native ERC20-USDT, accounting for 60% of USDT's total supply.Powered by a secure, cost-effective, and efficient underlying blockchain, the TRC-20 protocol launched by TRON has become the go-to choice among on-chain users. In addition, TRON has developed a well-rounded ecosystem covering the hotly contested fields in the sector, including DeFi, NFT, GameFi, stablecoins, the metaverse, cross-chain solutions, and DIDs, with the commitment of a group of active developers.TRON aims to elevate its on-chain stablecoin market cap to $100B in 2023 and strives to become the preferred choice for stablecoin users around the world.In October 2022, TRON was designated as the national blockchain for the Commonwealth of Dominica, and seven TRON-based utility tokens were granted statutory status as authorized digital currencies for use in everyday commerce there. This collaboration blazed a trail for blockchain projects to explore technology application and development with sovereign nations.The next five years look to be as exciting as the previous five. The TRON DAO team is confident they work hard to delve deeper into blockchain tech development by welcoming more and more projects and protocols into the ecosystem to #BUIDLtheFUTURE on TRON. An essential player in propelling the global digital economy forward, TRON strives to empower decentralized commerce and community for every person on the planet.About TRON DAOTRON DAO is a community-governed DAO dedicated to accelerating the decentralization of the internet via blockchain technology and dApps.Founded in September 2017 by H.E. Justin Sun, the TRON network has continued to deliver impressive achievements since MainNet launch in May 2018. July 2018 also marked the ecosystem integration of BitTorrent, a pioneer in decentralized Web3 services boasting over 100 million monthly active users. The TRON network has gained incredible traction in recent years. As of June 2023, it has over 165.1 million total user accounts on the blockchain, more than 5.79 billion total transactions, and over $12.0 billion in total value locked (TVL), as reported on TRONSCAN.In addition, TRON hosts the largest circulating supply of USD Tether (USDT) stablecoin across the globe, overtaking USDT on Ethereum since April 2021. The TRON network completed full decentralization in December 2021 and is now a community-governed DAO. Most recently in October 2022, TRON was designated as the national blockchain for the Commonwealth of Dominica, which marks the first time a major public blockchain partnered with a sovereign nation to develop its national blockchain infrastructure. On top of the government’s endorsement to issue Dominica Coin (“DMC”), a blockchain-based fan token to help promote Dominica’s global fanfare, seven existing TRON-based tokens - TRX, BTT, NFT, JST, USDD, USDT, TUSD, have been granted statutory status as authorized digital currency and medium of exchange in the country.TRONNetwork | TRONDAO | Twitter | YouTube | Telegram | Discord | Reddit | GitHub | Medium | ForumContactHayward [email protected]

According to a letter submitted by his lawyers, the prosecution has repeatedly delayed filing key evidence.

According to blockchain data, centralized exchange volumes have fallen to an all-time low, with DEXs rising in popularity in the cryptocurrency market.

Bitcoin shook off the U.S. Securities and Exchange Commission’s (SEC) latest enforcement actions to climb back up to as high as $27,300.13 today, according to CoinGecko.

According to the summons, CZ’s current residential address is in the Mediterranean island nation of Malta.

The crypto market appears to be rebounding, while Polkadot (DOT) and Chainlink (LINK) saw significant drops in market value in 2022. They still have a long way to go before regaining their losses from last year. If you are banking on either of these cryptocurrencies gaining value, you might consider looking for alternatives. Uwerx (WERX) has stolen the spotlight in the crypto industry and has the potential to grow into a significant cryptocurrency asset. Read on as we explore these projects one after the other. Polkadot and the Web3 Revolution One key distinction is Polkadot's (DOT) involvement in the visionary Web3 project, which seeks to create a decentralized, user-controlled internet. Polkadot's (DOT) design prioritizes interoperability, making it possible for several blockchains to communicate with one another without any hitches. Polkadot's (DOT) unique characteristics set it apart as a significant player in the evolving Web3 market. The rise of decentralized apps and services is changing how we interact with the internet. Polkadot (DOT) is the digital equivalent of glue, holding this idea together. It appears to be a formidable competitor in the crypto sector; however, no one can predict the future with certainty. Chainlink (LINK) Stuck? Chainlink (LINK) is a fundamental Web2-to-Web3 data interface that allows critical off-chain data integration in blockchains. Like Polkadot (DOT), its value has decreased over time. Currently, Chainlink (LINK) is trading at $6.49, a significant decline from its high point 20 months ago. During the 2021 bull run, the project also had a considerable uptick, with Chainlink (LINK) hitting an all-time high of $52.25 at that time. However, hope is not entirely gone. Many industry experts believe that as the current market improves, Chainlink (LINK) will as well. The Proof-of-Reserves strategy is also gaining traction in the business world. However, even the most bullish analysts predict Chainlink (LINK) won't go higher than $11. That is a somewhat lower expected performance than Polkadot (DOT), with Chainlink (LINK) achieving a maximum of 60%. The Value of Uwerx (WERX) Soars on the Cryptocurrency Market UWERX (WERX) is a freelancing platform that competes with large-scale traditional platforms by providing more affordable and transparent ways to work in the gig economy. According to reports, 70% of small to medium-sized organizations have used freelancers at least once. Transparent third-party audits by Interfi Network and SolidProof at prelaunch, a liquidity lock of 25 years after presale, and contract ownership renunciation on the books make this one of the safest investment choices available right now. The present presale performance demonstrates its credibility, as Presale Phase 4 exceeded expectations by selling out its allotted 77,500,000 WERX in record time. Uwerx is now in Presale Phase 5 with over 5,546 coin holders. Additionally, a test airdrop is in the works, and the newly released platform's Alpha version will bring in even more investors. In addition to its innovative features, Uwerx revealed the Uwerx Vault. This original and unique new feature is meant to optimize sustainability as well as reward and enhance user engagement. WERX is now trading at $0.041and is expected to rise to $1.03 by Q3 2023; it has also provided a 15% discount to early investors who wish to participate. Hop onboard the Uwerx train so that you may reap the rewards of the anticipated x100 growth over the coming months. Presale: invest.uwerx.network Telegram: https://t.me/uwerx_network Twitter: https://twitter.com/uwerx_network Website: https://www.uwerx.network/ Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

The SEC filed a motion in a federal court to issue a temporary restraining order to freeze the assets of two of Binance’s US units. On Tuesday evening, the US Securities and Exchange Commission (SEC) filed an emergency application for a temporary restraining order to freeze the assets of BAM Management US Holdings and BAM Trading Services. The SEC alleges that Binance’s parent company and its CEO, Changpeng Zhao, secretly controlled these two units. The agency said in a press release that relief is sought to protect Binance.US customers’ assets. The Securities and Exchange Commission today filed an emergency action application seeking a temporary restraining order freezing assets, directing defendants to repatriate assets held for the benefit of customers of the Binance.US crypto trading platform, and seeking other emergency relief against Binance Holdings Limited, BAM Trading Services Inc., BAM Management US Holdings, Inc., and their founder, Changpeng Zhao, to ensure that Binance.US customers’ assets are protected and remain in the United States through the resolution of the SEC’s pending litigation of this matter. In its motion, the agency said it resorted to this step following “years of violative conduct, disregard of the laws of the United States, evasion of regulatory oversight, and open questions about various financial transfers and the custody and control of Customer Assets.” According to the complaint, Binance has shown a “blatant disregard of federal securities laws.” Binance.US and CZ Respond Binance.US responded to the motion on Twitter, assuring customers that “User assets remain safe and secure.” This afternoon, the SEC filed a motion seeking a TRO and preliminary injunction against https://t.co/AZwoBOgsqS attempting to, amongst other things, freeze https://t.co/AZwoBOgsqS corporate assets. User assets remain safe and secure and the platform continues to be fully… — Binance.US

3.6 million documents have yet to be produced by prosecutors in the criminal trial of Sam Bankman-Fried according to his lawyers.