TL;DR Breakdown U.S. banks face challenges with Mifid II EU rules, impacting their operations with European clients. The U.S. “free pass” shielding banks from EU regulations is expiring. Mifid II separates research costs from trading costs, causing issues with U.S. regulations. Regulation is a word that often leaves businesses unsettled, and U.S. banks are currently learning this lesson in real-time. They are grappling with a regulatory dilemma that brings them face to face with the European Union’s sweeping financial regulation overhaul—Mifid II. An unexpected regulatory challenge For decades, banks worldwide have grumbled about the pervasive influence of U.S. regulation, arguing that they were often coerced into adopting Washington’s rules. However, the tables have turned. This time, it’s Wall Street, traditionally the exporter of financial standards, that finds itself on the receiving end of an EU regulatory bombshell. This critical situation unfolds as U.S. banks and brokers servicing European clients face the daunting prospect of losing a U.S. regulatory “free pass”. This safeguard has so far shielded them from the domestic regulatory consequences of adhering to EU stipulations regarding payment methods…

TL;DR Breakdown Glassnode data shows that long-term Bitcoin holders are unaffected by the regulatory clouds looming over Coinbase and Binance, with only a small fraction of their holdings being sent to exchanges. Despite lawsuits filed by the SEC, these HODLers maintain confidence in Bitcoin’s long-term prospects, supported by its exemption from securities classification and influential endorsements. In the midst of the ongoing regulatory scrutiny faced by leading cryptocurrency exchanges Coinbase and Binance, long-term Bitcoin holders have displayed remarkable resilience. Glassnode, a prominent crypto market analytics provider, has revealed that these holders remain unfazed by the uncertain regulatory cloud, with only a minute fraction of their supply being sent to exchanges. This article examines the data provided by Glassnode and explores the potential implications for the future of Bitcoin amidst the lawsuits. In the midst of the ongoing regulatory scrutiny faced by leading cryptocurrency exchanges Coinbase and Binance, long-term Bitcoin holders have displayed remarkable resilience. Glassnode, a prominent crypto market analytics provider, has revealed that these holders remain unfazed by the uncertain regulatory cloud, with only a minute fraction of their…

TL;DR Breakdown Sturdy Finance, a decentralized lending protocol, experienced a significant security breach today, resulting in a loss of 442 ether, equivalent to approximately $800,000. The attack began with a reentrancy attack, a method commonly employed to fraudulently withdraw funds from DeFi protocols. BlockSec, a security firm, identified the root cause of the breach as the typical reentrancy vulnerability in Balancer’s system. Sturdy Finance, a decentralized lending protocol, experienced a significant security breach today, resulting in a loss of 442 ether, equivalent to approximately $800,000. The attack was carried out by an unknown individual who exploited a reentrancy vulnerability within the system, enabling them to manipulate a faulty price oracle and siphon off funds. In decentralized finance (DeFi) applications like Sturdy Finance, price oracles play a crucial role by providing real-world price data. However, they can also serve as a prime target for hackers seeking to exploit vulnerabilities and compromise the security of the platform. The attack on Sturdy Finance began with a reentrancy attack, a method commonly employed to fraudulently withdraw funds from DeFi protocols. This type of attack…

TL;DR Breakdown Nansen’s data reveals that over the past seven days, there has been a net outflow of $2.36 billion from Binance, with an additional $123.7 million flowing out of Binance.US.  In a Twitter post, CZ argued that some third-party analytics platforms may skew the interpretation of exchange outflow data. CZ further explained that during times of market volatility, large inflows, and outflows are not uncommon. In recent days, there has been a notable increase in the outflow of crypto assets from centralized exchanges, particularly from Binance, one of the world’s largest cryptocurrency exchanges. This trend has been observed by leading analytics platforms such as Nansen and DeFiLlama, which have recorded significant amounts of funds flowing out of Binance following the news of a lawsuit filed by the U.S. Securities and Exchange Commission (SEC) against the exchange. Nansen’s data reveals that over the past seven days, there has been a net outflow of $2.36 billion from Binance, with an additional $123.7 million flowing out of Binance.US, the U.S.-based subsidiary of Binance. Similarly, DeFiLlama reported an even higher figure of $3.35…

Contents hide 1 Arbitrum Price Prediction 2023 – 2032 2 How much is Arbitrum Worth? 3 Arbitrum price analysis: ARB recovers from all-time low 3.1 ARB price analysis 1-day chart: ARB breaks downwards 3.2 ARB/USD 4-hour price chart: ARB/ USD to recover in the short term 3.3 What to expect from ARB price analysis next? 4 Arbitrum Price Predictions 2023-2032 4.1 Price Predictions By Cryptopolitan 4.1.1 Arbitrum Price Prediction 2023 4.1.2 Arbitrum Price Prediction 2024 4.1.3 ARB Price Prediction 2025 4.1.4 Arbitrum Price Prediction 2026 4.1.5 Arbitrum Price Prediction 2027 4.1.6 Arbitrum Price Prediction 2028 4.1.7 Arbitrum Price Prediction 2029 4.1.8 Arbitrum Price Prediction 2030 4.1.9 Arbitrum (ARB) Price Prediction 2031 4.1.10 Arbitrum Price Prediction 2032 4.2 Arbitrum Price Prediction By CoinCodex 4.3 Arbitrum Crypto Price Prediction By DigitalCoinPrice 4.4 Arbitrum Price Prediction By CryptoPredictions.com 5 Arbitrum Overview 6 Recent News on Arbitrum 7 More on Arbitrum 7.1 What’s Arbitrum? 7.2 Arbitrum Bridge 7.3 How Does Arbitrum Work? 7.4 Transactions On Arbitrum 7.5 Latest Achievements Of Arbitrum 7.5.1 $2.5 Million Profit In March 7.5.2 Arbitrum Outperformed Its Rival Optimism 7.5.3…

TL;DR Breakdown Strike has announced that it is transitioning to an in-house custody system. The firm plans to provide new features and services. Strike, a prominent digital payments company, has announced that it has completed the migration of all customer assets, including bitcoin (BTC) and U.S. dollars (USD), to its in-house infrastructure. The move, which has been in progress for two years, is aimed at reducing counterparty risk and enhancing the performance and reliability of Strike’s products and services. Strike says the move will help improve user experience The decision to bring custody in-house comes in the wake of speculation surrounding the bankruptcy of Strike’s former custodian, Prime Trust. While Prime Trust has agreed to sell itself to digital asset custody rival BitGo, other Bitcoin financial services firm Swan Bitcoin has also recently severed ties with Prime Trust. Strike, however, refrained from commenting on the situation, emphasizing that its plan to internalize custody has been a long-standing strategy. By assuming direct custody of Bitcoin and fiat assets, Strike aims to eliminate the need for intermediaries between the company and its…

TL;DR Breakdown Solana Foundation has rejected the classification of its token by the SEC. The foundation says it will address concerns about its token. The Solana Foundation has recently stated on Twitter addressing the U.S. Securities and Exchange Commission’s (SEC) classification of its native token, Solana (SOL), as a security. The foundation expressed disagreement with the characterization of SOL and emphasized its commitment to engaging with policymakers to achieve legal clarity in the digital assets space. Solana Foundation rejects SEC’s classification of SOL SOL, Solana’s native and utility token, was publicly launched in March 2020. Token holders stake SOL to validate transactions through Solana’s consensus mechanism. Additionally, the token offers various utility functions such as receiving rewards, paying transaction fees, and enabling users to participate in governance. The SEC, in separate lawsuits filed against Binance and Coinbase on June 5 and June 6 respectively, classified the SOL token as a security. This classification is based on factors including the expectation of profits derived from the efforts of others, as well as how the tokens are being used and marketed. The…

Contents hide 1 Cosmos Price Prediction 2023-2032 1.1 How much is Cosmos (ATOM) worth? 2 Cosmos price analysis: ATOM corrects higher at $8.45 after a dip to $8.10 2.1 Cosmos price analysis on a daily chart: ATOM bounces off key support of $8.00 2.2 ATOM/USD technical analysis on a 4-hour chart: ATOM prices consolidate near $8.5 2.3 What to expect from Cosmos price analysis 3 Cosmos Price Prediction by Cryptopolitan 3.1 Cosmos Price Prediction 2023 3.2 Cosmos Price Prediction 2024 3.3 Cosmos Price Prediction 2025 3.4 Cosmos Price Prediction 2026 3.5 Cosmos Price Prediction 2027 3.6 Cosmos Price Prediction 2028 3.7 Cosmos Price Prediction 2029 3.8 Cosmos Price Prediction 2030 3.9 Cosmos Price Prediction 2031 3.10 Cosmos Price Prediction 2032 3.11 Cosmos Price Prediction by Wallet Investor 3.12 Cosmos Price Prediction by Coincodex 3.13 Cosmos Price Prediction by Gov Capital 4 Cosmos Overview 5 Cosmos Price History 6 Cosmos Recent News/Opinions 7 More on the Cosmos Network 7.1 What is Cosmos coin? 7.2 How many ATOM coins are in circulation supply? 7.3 What is the Cosmos blockchain network? 7.4 Key…

Contents hide 1 Avalanche Price Prediction 2023-2032 2 How much is AVAX worth? 3 Avalanche price analysis: AVAX recovers from the monthly low 3.1 AVAX price analysis 1-day chart: AVAX lost 50% of its value 3.2 AVAX/USD 4-hour price chart: AVAX/ USD recovery in the short term 3.3 What to expect from AVAX price analysis next? 4 Avalanche Price Prediction 2023-2032 4.1 Avalanche AVAX Price Prediction by Cryptopolitan 4.1.1 Avalanche Price Prediction 2023 4.1.2 Avalanche Price Prediction 2024 4.1.3 Avalanche Price Prediction 2025 4.1.4 Avalanche Price Prediction 2026 4.1.5 Avalanche Price Prediction 2027 4.1.6 Avalanche Price Prediction 2028 4.1.7 Avalanche Price Prediction 2029 4.1.8 Avalanche Price Prediction 2030 4.1.9 Avalanche Price Prediction 2031 4.1.10 Avalanche Price Prediction 2032 4.2 Avalanche Price Predictions by Walletinvestor 4.3 Avalanche Price Predictions by CryptoPredictions 4.4 Avalanche Price Predictions by Digitalcoinprice 4.5 Avalanche Predictions By Industry Experts 5 Avalanche Overview 6 AVAX Price History 7 Recent News/Opinions on Avalanche Network 8 More on Avalanche/AVAX 8.1 What is Avalanche & AVAX? 8.2 What makes Avalanche the best smart contracts platform? 8.3 Avalanche Features 9 Conclusion Avalanche…

TL;DR Breakdown Major blockchain tokens have experienced a significant decline amid the SEC clampdown. SEC lawsuit triggers market sentiment and sell pressures. In the past 24 hours, tokens of major blockchain networks have witnessed a substantial slide of over 20%. This decline comes in the wake of recent allegations that 13 tokens are securities, as filed by the U.S. Securities and Exchange Commission (SEC) in a lawsuit against popular crypto exchanges Binance and Coinbase. Blockchain tokens experience up to 25% decline The most significant losses occurred during the early hours of Saturday, with Solana (SOL), and Cardano (ADA) experiencing drops of up to 25% within a short period. Speculation arose on Crypto Twitter, suggesting the possibility of a major crypto fund offloading its holdings during these relatively illiquid market conditions. Notably, other prominent tokens such as Binance Coin (BNB), Dogecoin (DOGE), and XRP also witnessed declines of over 11%. Bitcoin (BTC) saw a 3.6% drop, while Ether (ETH) slid 4.5%. The crypto-tracked futures market saw nearly $300 million in liquidations during the early hours of Saturday, surpassing the record figures…