Investors On Edge As Regulatory Tensions Flare And Markets Dip

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New Week = More Scrolling 📜 Crypto markets are struggling as the U.S. battles regulatory issues, hacks are on the rise in June and M&A + liquidation activity seems to jump 🚨 All the details for the most important news in the space is below 👇🏼

• Optimism successfully completes its hard fork (CD)

• SEC labels 67 crypto as securities (CT)

• More than 50% of $BTC held by crypto firms has moved outside of the U.S. (@WhaleChart)

• Scimitar Capital, a fund with $2B AUM of crypto tokens, has liquidated the fund and returned all capital back to LPs (@thiccythot_)

• DEX (Decentralized Exchanges) volumes triple over weekend (DeFiP)

• A16Z leads Gensyn’s $43M Series A for its AI x blockchain product (CD)

• WOW Earn seures $30M Series A from Pinnacle Innovations Capital, Blue Horizon Ventures, and a slew of other VCs for decentralized mining (VW)

• Meanwhile Insurance raises $19M for BTC based insurance (MEANWHILE)

• LensProtocol got $15M for web3 social media (LENS)

• HyperPlay raises $12M to accelerate game launcher (DECRYPT)

• EcoTerra nears $5M community raise for Recycle-to-Earn product (CS)

• Demox Labs raises $4.5M for privacy wallet (DEMOX)

• Native brings in $2M from Nomad Capital for DEX aggregator (@oracle_xyz)

• Notation Capital backs Merckle Finance with undisclosed funding round (@oracle_xyz)

• Crypto.com shut down it’s institutional exchange in the U.S. (BTCST)

• Binance halts Nigeria “illegal” operations (CD)

• Commonwealth Bank of Australia to restrict payments to crypto exchanges (PYMNTS)

• US Credit Union back anti-CBDC bill (LI)

• CFTC wins court case against Ooki DAO (@z0r0zzz)

• Brian Armstrong, Coinbase CEO, is confident in U.S. achieving regulatory clarity (@WhaleChart)

• Google offers $1M crypto mining attack protection (BW)

• Sturdy Finance loses $800k in Ether (442 ETH) from hack (CT)

• North Korean hackers have stolen $3B in crypto to fund Nuclear Program (WSJ)

• U.S. charges two Russians for Mt. Gox hack (REUT)

• Large crypto influencer BitBoy’s Twitter hacked promoting scam tokens (BZ)

• Kraken releases NFT marketplace on Polygon (NFTNOW)

• Norwegian government tests central bank Krone on Arbitrum (MEDIUM)

• What Ethereum needs to go mainstream - Vitalik’s POV (@BanklessHQ)

• Cardano Devs on SEC claiming ADA is a security (CD)

• Crypto.com suspends institutional exchange services (CT)

• BankSocial migrates from BNB chain to Hedera in on-chain vote (BS)

• BitGo acquires rival PrimeTrust (KitCo)

• A16Zcrypto announces their jump to the UK (a16zc)

• “Thoughts on Coinbase” (@TheWhyOfFI)

• What it takes for a crypto bull market (@TaschaLabs)

• NFT art value vs. physical art value (CG)

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