#Bitcoin pic.twitter.com/eA5lUoI6Et — naiive (@naiivememe) June 13, 2023 🚨BREAKING: SEC Gary Genslar claims China is a security!!! https://t.co/3EOa81FJJ9 pic.twitter.com/1GV1gWavtm — WSB Trader Rocko 🚀🚀🚀 (@traderrocko) June 12, 2023 #BTC is up 60% this year.Bitcoiner: pic.twitter.com/xCkTdYgc3l — naiive (@naiivememe) June 13, 2023 CPI inflation: 4% Food: 6.7% Shelter: 8% Transportation: 10.2% pic.twitter.com/RPduCx1NLm — Bitcoin Magazine (@BitcoinMagazine) June 13, 2023 #Bitcoin pic.twitter.com/7nFOcPLEcz — naiive (@naiivememe) June 12, 2023 As relevant as ever 🤣 When you didn’t take profit on Friday night#Crypto #NFT #Web3 #cryptomeme #cryptocurrencies #meme pic.twitter.com/AJHDUDS0vp — Mia Brown (@MissMiaNFTs) June 10, 2023 Due to recent events 👀#NEARistheBOS #Web3 #NEARistheBOS #NEAR #cryptomeme #Memes pic.twitter.com/wyKUArraKW — Near Ukraine 🇺🇦 Guild (@nearuaguild) June 9, 2023 Meme is funny, the situation is terrible🤣#cryptomeme #cryptocurrencies #memecoins #Crypto #NFT pic.twitter.com/vaXORUp0Y6 — Mia Brown (@MissMiaNFTs) June 6, 2023 Dude WTF !!#Cryptomeme #Memes #NFT #ETH #Dogecoin #Crypto #NFTmeme #RespectMeme #Memes #cryptomemes #cryptocurrency #CryptoTwitter #Ethereum #CryptoCommunity pic.twitter.com/NdJdhkRGsm — Dollar Monkey (@dollarmonkey_) June 13, 2023 Bitcoin is a gamble ??#Memes #NFTs #ETH #Dogecoin #cryptomarket #cryptomeme #NFTmeme #RespectMeme #cryptomemes #cryptocurrency #DOGE #CryptoTwitter #Ethereum #Crypto #CryptoCommunity pic.twitter.com/B1NwLUZ4Sh — Crypto Memes (@MemesMoneyco) June…

TL;DR Breakdown Horizen partners with Auros to enhance ZEN token liquidity and access. Auros’ algorithmic trading expertise fortifies the Horizen partnership. Increased liquidity unlocks opportunities for traders, DeFi users, and builders in the EON ecosystem. Horizen, a leading layer-0 public blockchain, has unveiled its strategic partnership with Auros, a global algorithmic trading, and market-making firm. This collaboration, aimed at increasing access to Horizen’s native token, ZEN, marks a significant milestone for both companies. The announcement comes just ahead of the highly anticipated launch of EON, a new EVM-compatible smart contracts network developed by Horizen. With trades surpassing a billion dollars daily, Auros is among the foremost market participants, renowned for its algorithmic and high-frequency trading expertise. Leveraging this heritage, Auros will play a crucial role in fortifying the partnership. “We are thrilled to collaborate with Auros, a market leader in algorithmic trading and market-making services. Their proficiency in bespoke liquidity solutions will undoubtedly bolster the EON ecosystem,” commented Rob Viglione, Co-founder of Horizen, expressing his excitement about the collaboration. According to Horizen, the partnership with Auros will provide enhanced liquidity…

TL;DR Breakdown John Reed Stark, former Chief of SEC Office of Internet Enforcement, has voiced his views on the SEC-Binance legal dispute, lauding the SEC’s aggressive stance. The case is unprecedented as the SEC seeks extraordinary relief against a financial giant like Binance, a move Stark describes as gutsy. Stark, a frequent SEC critic, continues to argue for accountability and transparency in the SEC’s operations despite acknowledging the regulatory body’s boldness in this case. The legal dispute between the U.S. Securities and Exchange Commission (SEC) and Binance, the top cryptocurrency company in the world, has reached new heights. The case’s recent development has drawn the attention of John Reed Stark, a renowned figure in the field of internet enforcement and the founding Chief of the SEC’s Office of Internet Enforcement. Stark’s analysis on the Binance-SEC debacle Stark has been vocal about his views regarding the SEC’s aggressive stance in this case, which involves billions of dollars and could potentially result in a significant asset freeze. The SEC is not typically known for going toe-to-toe with financial behemoths like Binance. Stark…

TL;DR Breakdown Hackers invoked in the Atomic wallet hack have moved stolen funds to a sanctioned platform. Concerns mount over security and regulation in the crypto sector. Reports have emerged suggesting that the illicit funds obtained from the $35 million hack of Atomic Wallet are once again on the move. It is believed that the sanctioned Russian-based crypto exchange Garantex has become the latest entity to come into contact with the hacked cryptocurrency. Lazarus group wants to launder the stolen Atomic wallet funds Blockchain security and compliance firm Elliptic provided an update on the situation, alleging that the North Korean hacking collective known as the Lazarus Group, which is believed to be behind the original attack, has been using Garantex to launder the stolen funds. Elliptic further stated that there had been a joint effort between their team and various exchange partners to freeze the stolen crypto. However, the Lazarus Group has managed to find alternative methods to trade their assets for Bitcoin. In April 2022, the U.S. Office of Foreign Assets Control had already sanctioned Garantex, along with the…

TL;DR Breakdown A video where Gary Gensler talked about digital assets has resurfaced amid regulatory concerns. Controversy surrounds past statements and current enforcement. A recently circulated video featuring Gary Gensler, the current chair of the United States Securities and Exchange Commission (SEC), has sparked discussions within the crypto community. The video, believed to be from a 2018 event hosted by Bloomberg, shows Gensler stating that several cryptocurrencies are “not securities.” Gary Gensler says BTC and ETH are not securities During the event, Gensler, who was a professor at the Massachusetts Institute of Technology at the time, mentioned Bitcoin, Ether, Litecoin, and Bitcoin Cash as examples of cryptocurrencies that he considered not to be securities. However, it should be noted that this video predates Gary Gensler’s appointment as the chair of the SEC by approximately two years. The resurfacing of this video seems contradictory to Gensler’s recent actions as the head of the SEC. In recent months, the SEC has intensified its enforcement actions in the crypto space, leading to the classification of at least 68 cryptocurrencies as securities in various…

TL;DR Breakdown Haru Invest, a company in South Korea, halts withdrawals to protect investors after a partner defaults.  Haru provides attractive dividend rates ranging from 12% to 25%, with approximately $1 billion in assets. There is so much controversy surrounding the investment firm. Haru Invest, a South Korean digital asset management company, has suspended withdrawals from its system due to an issue with one of its service partners. The decision was made to protect customer funds while a contingency plan was developed. Haru Invest, a company known for offering attractive dividend rates, has faced controversy and speculation surrounding its financial situation and past mergers. Controversy surrounds South Korean asset management firm Haru Invest A South Korean company called Haru Invest, which manages digital assets, has banned withdrawals from its system due to an issue with one of the service partners. In an announcement on June 13, the company stated that the suspension was a difficult decision to protect customer funds until a contingency plan could be devised to address the situation. Important update from Haru Invest. https://t.co/igdTS2DaNp pic.twitter.com/E8mB6PeDQW — Haru…

TL;DR Breakdown The crypto community expects a positive outcome on the XRP vs SEC case over the Hinman unsealed documents. XRP price surges 7.4% over the last 24 hours. Pro-XRP lawyer John Deaton recently asserted that the presiding Judge, Analisa Torres would likely render a judgment by September 30 this year. The Hinman records allude to internal SEC correspondence involving a speech delivered in 2018 by William Hinman Prices for XRP rose by 7.4% on June 13 as traders bet on a favorable outcome for Ripple Labs in its ongoing legal battle with the U.S. Securities and Exchange Commission (SEC). William Hinman, a former SEC employee, had information released about the coin, which caused the price to rise faster than the general crypto market. The XRP’s legal position may be clarified by the release of these documents, according to Brad Garlinghouse, CEO of Ripple. Ripple vs SEC: XRP price rises amidst bet on successful resolution Reports from reputable media houses state that, as traders presumably bet on a successful resolution for payments provider Ripple Labs in its current Ripple vs…

TL;DR Breakdown China’s central bank and joint-stock banks have cut yuan deposit rates to boost liquidity and stimulate economic growth. The rate cut aims to reduce the cost of bank liabilities and increase liquidity in the market, supporting domestic consumption and investment. Retail sales have grown, indicating a potential rise in consumer confidence spurred by the rate cuts. As China’s economic dynamics shift, its central bank has ushered in a strategy to boost liquidity and stimulate economic growth. In an ambitious move to navigate the currents of economic pressures, China is taking definitive steps to ease the margin strain on banks and pour more liquidity into its real economy. Streamlining liquidity through interest rate cuts To understand this strategic move, it’s necessary to dive into the recent activities in China’s banking sector. On Monday, several Chinese joint-stock banks, such as China Merchants Bank, Pingan Bank, China CITIC Bank, SPD Bank, and China Everbright Bank, announced a reduction in their yuan deposit rates. This follows a similar move by major state-owned banks like the Commercial Bank of China, Agricultural Bank of…

TL;DR Breakdown Approximately 196 million BLUR tokens, about 40% of its circulating supply, are due to be unlocked tomorrow. These tokens will be allocated to past and future core contributors, investors, and advisors. High-profile investors and whales’ activities have come under scrutiny in anticipation of the event. It’s uncertain whether the token unlocking will cause a bullish surge or bearish downturn in BLUR’s price. In the whirlwind of the global crypto market, one significant event looms on the horizon for BLUR, a thriving digital token. A colossal 196 million BLUR, equivalent to approximately $62.3 million, is slated for release tomorrow, accounting for roughly 40% of its circulating supply. This event carries with it the potential to fundamentally shake up the BLUR market. The token allocation breakdown This massive release comprises several categories of token holders, as per data from Token Unlock. A considerable proportion, 115.68 million BLUR worth around $36.8 million, will be made accessible to past and future core contributors. Investors are set to receive 75.4 million BLUR, approximating to $24 million. The last tranche of 4.9 million BLUR,…

TL;DR Breakdown Despite the prevalence of digital dollars, Americans express hesitation about a Central Bank Digital Currency (CBDC). Twice as many survey respondents oppose (34%) the idea of a CBDC compared to those who favor it (16%). Men, Black Americans, and younger individuals express higher support for a CBDC than their demographic counterparts. Despite the ubiquity of digital dollars in the form of credit cards, debit cards, and various digital platforms, Americans appear to be more hesitant when it comes to the concept of a Central Bank Digital Currency (CBDC), an asset that would bridge citizens and the central bank of the U.S. more directly. Shaky ground: American perspectives on the CBDC The concept of a CBDC doesn’t garner strong support in America, with a recent survey revealing that twice as many respondents were in opposition (34%) to the Federal Reserve offering a CBDC compared to those in favor (16%). Unsurprisingly, a good number of Americans (49%) are yet to take a stance, considering a mere 28% of the population are familiar with CBDCs. Political affiliations show a notable divide,…