TL;DR Breakdown Binance Brazil’s director has been summoned to appear before the parliament as part of an ongoing investigation. The company continues to face regulatory sanctions amid multinational attention. Description Congressman Alfredo Gaspar, a member of the Parliamentary Commission of Inquiry (CPI) on Financial Pyramids, has formally requested the summoning of Guilherme Haddad, the Director of Binance Brazil, to appear before the Brazilian parliament. The inquiry aims to investigate alleged pyramid schemes operating in the country. Gaspar’s request, published on Wednesday, June 21, awaits the … Read more Congressman Alfredo Gaspar, a member of the Parliamentary Commission of Inquiry (CPI) on Financial Pyramids, has formally requested the summoning of Guilherme Haddad, the Director of Binance Brazil, to appear before the Brazilian parliament. The inquiry aims to investigate alleged pyramid schemes operating in the country. Gaspar’s request, published on Wednesday, June 21, awaits the voting process by other CPI members, scheduled for June 27. Binance Brazil’s boss will testify before the parliament Binance Brazil director Guilherme Haddad will face questioning by the Brazilian Chamber of Deputies, the lower house of Congress,…

TL;DR Breakdown Wimbledon has announced that it will embrace AI-powered commentary and player analysis. The group wants to provide users with an immersive experience at the tournament. Description In an exciting move aimed at elevating fan engagement, this year’s Wimbledon tennis tournament will introduce artificial intelligence (AI)-powered commentary and player analysis. The All England Lawn Tennis Club (AELTC) and technology giant IBM recently announced their collaboration, revealing plans to integrate this innovative technology across Wimbledon’s online platforms. Wimbledon will collaborate with IBM to … Read more In an exciting move aimed at elevating fan engagement, this year’s Wimbledon tennis tournament will introduce artificial intelligence (AI)-powered commentary and player analysis. The All England Lawn Tennis Club (AELTC) and technology giant IBM recently announced their collaboration, revealing plans to integrate this innovative technology across Wimbledon’s online platforms. Wimbledon will collaborate with IBM to integrate the feature One of the key features developed in partnership with the AELTC is an AI commentary system driven by IBM’s WatsonX technology. This cutting-edge functionality will generate audio and captions for match highlights videos, providing fans with…

TL;DR Breakdown A group of Credit Suisse AT1 bondholders has filed a class-action lawsuit against former executives, including three ex-CEOs, for causing the bank’s downfall. The executives are accused of excessive risk-taking, prioritizing short-term returns and bonuses over sound risk management. The lawsuit’s fallout traces back to a decision by Switzerland’s regulator to render $18 billion of Credit Suisse’s AT1 debt worthless, overturning traditional practices and leading to multiple legal actions. Description In a turn of events that has sent tremors through the world of struct finance, former executives from the embattled Swiss bank, Credit Suisse, find themselves in the crosshairs of a class-action lawsuit. The list of accused includes three former CEOs: Thomas Gottstein, Tidjane Thiam, and Brady Dougan, amongst several other executives. The lawsuit, filed … Read more In a turn of events that has sent tremors through the world of struct finance, former executives from the embattled Swiss bank, Credit Suisse, find themselves in the crosshairs of a class-action lawsuit. The list of accused includes three former CEOs: Thomas Gottstein, Tidjane Thiam, and Brady Dougan, amongst several…

TL;DR Breakdown Circle Internet Financial has shifted its reserve assets for USD Coin (USDC) by purchasing U.S. Treasury bills and utilizing repos after removing all U.S. Treasury bonds as a precaution during the debt ceiling standoff. The Circle Reserve Fund, managed by BlackRock, has rebuilt its holdings with $2.2 billion in Treasury bills, while repos constitute about 90% of the fund’s $24.7 billion in assets. Circle’s proactive approach aims to protect USDC’s stability and value amidst potential market volatility, showcasing its commitment to risk management in the digital asset landscape. Description Circle Internet Financial, the stablecoin issuer, has strategically rebuilt its reserve assets for the USD Coin (USDC) following a recent debt ceiling standoff in the United States. In an effort to safeguard the stability of the USDC, Circle has made a decisive move to repurchase U.S. Treasury bills backed by its Circle Reserve Fund (USDXX) … Read more Circle Internet Financial, the stablecoin issuer, has strategically rebuilt its reserve assets for the USD Coin (USDC) following a recent debt ceiling standoff in the United States. In an effort to…

TL;DR Breakdown Arbitrum solidifies its position as the leading Layer 2 scaling solution for Ethereum, outpacing competitors like Polygon and BNBChain. The launch of Arbitrum Orbit empowers developers working on Layer 3 crypto chains, extending Arbitrum’s reach and influence in the market. Layer 3 networks offer even greater scalability and cost reduction by employing a third chain for offloading complex operations. Description Arbitrum, the leading Layer 2 scaling solution for Ethereum, has reaffirmed its dominance in the market with the launch of Arbitrum Orbit, an innovative tool aimed at empowering Layer 3 networks. Notably, rivals Polygon and BNBChain have also made strides by introducing zero-knowledge rollups. With regular developmental enhancements, Arbitrum solidifies its position as the go-to … Read more Arbitrum, the leading Layer 2 scaling solution for Ethereum, has reaffirmed its dominance in the market with the launch of Arbitrum Orbit, an innovative tool aimed at empowering Layer 3 networks. Notably, rivals Polygon and BNBChain have also made strides by introducing zero-knowledge rollups. With regular developmental enhancements, Arbitrum solidifies its position as the go-to scaling solution for Ethereum, outpacing…

TL;DR Breakdown Ripple, has received provisional regulatory approval from Singapore’s financial regulator, the Monetary Authority of Singapore (MAS), to offer digital asset payments and token products in the country. The Company’s CEO stated that the country would serve as a significant gateway for Ripple’s business operations in the Asia Pacific region.  Singapore has seen a majority share of ODL transactions flowing through the city-state, making it a crucial hub for Ripple’s operations in the region. Description Ripple, a blockchain-based payments firm, has received provisional regulatory approval from Singapore’s financial regulator, the Monetary Authority of Singapore (MAS), to offer digital asset payments and token products in the country. Ripple’s subsidiary, Ripple Markets Asia Pacific, will be able to expand its On-Demand Liquidity (ODL) service, which enables customers to move XRP globally without … Read more Ripple, a blockchain-based payments firm, has received provisional regulatory approval from Singapore’s financial regulator, the Monetary Authority of Singapore (MAS), to offer digital asset payments and token products in the country. Ripple’s subsidiary, Ripple Markets Asia Pacific, will be able to expand its On-Demand Liquidity (ODL)…

TL;DR Breakdown Gods Unchained is soon to become easily accessible and discoverable for over 230 million PC users worldwide that comprise the Epic Game Store player base today. The Gods Unchained team has unveiled its updated roadmap for 2023, with plans to undergo a soft launch on both Android and iOS mobile devices later this year. Gods Unchained executive producer Daniel Paez is excited about the possibilities and the outcome of launching the game on the Epic Game Store. Description Immutable Games, a global pioneer in web3 game creation and publishing, has announced that its flagship product, Gods Unchained – Ethereum‘s highest-grossing trading card game — has become the next crypto game to premiere on major digital distribution platform Epic Games Store (EGS). According to a June 21 release, the game is now available to … Read more Immutable Games, a global pioneer in web3 game creation and publishing, has announced that its flagship product, Gods Unchained – Ethereum‘s highest-grossing trading card game — has become the next crypto game to premiere on major digital distribution platform Epic Games Store…

TL;DR Breakdown Binance Labs and CoinFund lead a $10 million investment round for Neutron, a smart contract blockchain within the Cosmos ecosystem. Neutron integrates the Rust programming language into the CosmWasm environment, unlocking the potential of over 50 interconnected app-specific blockchains. Close collaboration with the Cosmos Hub empowers cross-chain, secure, and efficient smart contract applications. Description Binance Labs and CoinFund, prominent venture capital companies, have joined forces in a groundbreaking $10 million initial investment round to foster the development of the Neutron smart contract blockchain within the dynamic Cosmos ecosystem. This ambitious initiative has garnered significant attention from investors, including Delphi Ventures, LongHash, and Nomad, who recognize its potential for reshaping … Read more Binance Labs and CoinFund, prominent venture capital companies, have joined forces in a groundbreaking $10 million initial investment round to foster the development of the Neutron smart contract blockchain within the dynamic Cosmos ecosystem. This ambitious initiative has garnered significant attention from investors, including Delphi Ventures, LongHash, and Nomad, who recognize its potential for reshaping the blockchain landscape. Neutron, an innovative Cosmos-based network, introduces a novel…

TL;DR Breakdown The leading crypto coin – Bitcoin – price has surged past $30,000 on the back of several favorable market conditions, such as the  BlackRock BTC ETF filing. BTC/USDT on Binance.US experienced an abrupt price spike to as high as $138,000 amid the SEC crypto crackdown. Crypto market analysts predict that with the present momentum, BTC could hit $35,000 in no time marking its first year high since the crypto winter. Description On June 21, the Bitcoin price rose to a 14-day high of $30,122. The recent positive news from BTC markets comes in the wake of the SEC cracking down on Binance and Coinbase, and bullish traders are presumably hoping that BTC can end its 10-week losing streak.  According to crypto market analysts, crypto has been … Read more On June 21, the Bitcoin price rose to a 14-day high of $30,122. The recent positive news from BTC markets comes in the wake of the SEC cracking down on Binance and Coinbase, and bullish traders are presumably hoping that BTC can end its 10-week losing streak.  According to…

TL;DR Breakdown The total crypto market cap sits at $1.18 trillion, a 4.07% increase in the last 24 hours, while Bitcoin dominance sits at 49.54 % and trades at $30.136. According to Coinglass, in the past 24 hours, 62,196 traders were liquidated. The total liquidations come in at $218.43 million. In the last eight hours, a substantial whale purchase of 3,43 trillion PEPE coins has occurred, indicating a possible increase in market interest. Description Today, both the total Crypto Market Cap (TOTALCAP ) and the price of Bitcoin (BTC ) moved above their respective corrective patterns and are nearing new yearly highs. The crypto market is up today as Bitcoin, Cardano, Ether, and numerous altcoins surged after multiple large institutions filed for Bitcoin ETFs in the United States, following … Read more Today, both the total Crypto Market Cap (TOTALCAP ) and the price of Bitcoin (BTC ) moved above their respective corrective patterns and are nearing new yearly highs. The crypto market is up today as Bitcoin, Cardano, Ether, and numerous altcoins surged after multiple large institutions filed for…