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Paradigm slams SEC’s ‘incoherent’ attempt to police decentralized exchanges By Cointelegraph
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Paradigm slams SEC’s ‘incoherent’ attempt to police decentralized exchanges By Cointelegraph

Crypto venture capital firm Paradigm has slammed the United States Securities and Exchange Commission’s attempt to redefine the term “exchange” — which if accepted, would bring decentralized exchanges under its purview. On June 8, the firm sent a lengthy 14-page letter to the SEC secretary, Vanessa Countryman, regarding the regulator’s proposed redefinition of the term...

Crypto custodian BitGo signals intent to acquire Prime Trust By Cointelegraph
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Crypto custodian BitGo signals intent to acquire Prime Trust By Cointelegraph

Wallet infrastructure provider and digital asset custodian BitGo have signed a non-binding letter of intent to acquire fintech infrastructure provider Prime Trust, according to an announcement on June 8. The terms of the agreement were not disclosed. If the deal goes through, BitGo will acquire Prime Trust’s payment rails and cryptocurrency IRA fund and increase...

Cumberland Labs unveils SaaS API for public blockchains and DeFi protocols By Cointelegraph
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Cumberland Labs unveils SaaS API for public blockchains and DeFi protocols By Cointelegraph

Cumberland Labs, the incubator arm of Chicago-based crypto trading company Cumberland, has launched the beta version of a new API tool that could simplify the arduous task of connecting to blockchain and decentralized finance protocols. Cumberland Labs told Cointelegraph that the Cumberland, the trading unit of DRW Holdings LCC, used to invest considerable time connecting...

SEC lawsuits squeeze net worths of Coinbase and Binance CEOs By Cointelegraph
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SEC lawsuits squeeze net worths of Coinbase and Binance CEOs By Cointelegraph

© Reuters The net worths of Coinbase (NASDAQ:) CEO Brian Armstrong and Binance CEO Changpeng Zhao (CZ) have suffered heavy blows due to recent lawsuits by the United States securities regulator. Armstrong’s net worth was slashed by $289 million and Zhao’s by $1.33 billion within a span of 30 hours after the Securities Exchange Commission...

SEC crackdown on Binance and Coinbase surge DeFi trading volumes 444% By Cointelegraph
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SEC crackdown on Binance and Coinbase surge DeFi trading volumes 444% By Cointelegraph

The median trading volume across the top three decentralized exchanges (DEX) jumped 444% in the past 48 hours as crypto investors reeled from the United States securities regulator’s recent legal actions against cryptocurrency exchanges Coinbase (NASDAQ:) and Binance. According to aggregated data from CoinGecko, total daily trading volumes on V3 (), Uniswap V3 (Arbitrum) and...

Cboe Digital receives nod for margin trades on its crypto futures exchange By Cointelegraph
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Cboe Digital receives nod for margin trades on its crypto futures exchange By Cointelegraph

Cboe Digital, a major options exchange in the United States, has had its application to offer margined futures contracts for (BTC) and Ether (ETH) approved by the United States commodities regulator. While Cboe has offered crypto futures contracts since December 2017, margin trades were not available to users. Continue Reading on Coin Telegraph Source: Investing.com

Rapid growth in DeFi-focused Ethereum liquid staking derivatives platforms raises eyebrows By Cointelegraph
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Rapid growth in DeFi-focused Ethereum liquid staking derivatives platforms raises eyebrows By Cointelegraph

© Reuters Ether’s (ETH) decentralized finance (DeFi) activity has declined in the bear market, and the sector faces further competition from Ethereum’s annual staking reward of 4%, according to Glassnode analysts. However, a DeFi narrative is building around liquid staking derivative (LSD) tokens, which could revive Ethereum’s network activity. The percentage of gas consumed by...