NiftyNoon: Binance US Suspends USD Deposits
The battle between regulators and crypto firms rages on (June 9, 2023)
Nifty Thought
The battle between the SEC and Crypto likely will not end well for either party. With Binance US announcing it has suspended deposits due to the SEC’s actions, it is clear that these supposed protections will simply result in US crypto enthusiasts having access to fewer crypto products compared to their international counterparts. Furthermore, wild accusations are circulating surrounding Gary Gensler’s personal failed involvement with the same crypto firms he is now attempting to oversee. A truly sustainable victory for crypto would be a tempered outcome with compromise across all parties; however, at this point, it seems only an extreme outcome is on the table. This story may not have a happy ending.
Highlighted News
Binance US suspending USD deposits and notifying customers that banking partners are preparing to pause fiat (USD) withdrawal channels as early as June 13, 2023:
https://twitter.com/binanceus/status/1666996908651323393?s=46&t=56vYd2sE605wrdhDYmFISw
PROOF shares small product update:
https://twitter.com/eli_schein/status/1666207643210244109?s=46&t=Hb-nBT0zonE82bFfQEj7Cg
Project and Community News
CoinBase CEO Brian Armstrong dumped 29,730 shares on June 5th, just a day before the SEC lawsuit was made public, and shares tanked 20%:
https://twitter.com/whalewire/status/1666799734692929536?s=46&t=Hb-nBT0zonE82bFfQEj7Cg
Gary Gensler applied to serve as an advisor for Binance in 2019 before becoming SEC Chair, court filing says:
https://twitter.com/watcherguru/status/1666591075232784384?s=46&t=Hb-nBT0zonE82bFfQEj7Cg
Polygon Labs President, Ryan Wyatt, testifying at the Innovation, Data & Commerce subcommittee at a Congressional hearing:
https://twitter.com/fwiz/status/1666506738080653312?s=46&t=Hb-nBT0zonE82bFfQEj7Cg
Frankdegods clarifies his post isn’t about y00ts2, but is something launching for the entire Polygon network:
https://twitter.com/frankdegods/status/1666898675929616385?s=46&t=Hb-nBT0zonE82bFfQEj7Cg
Quick summary of BRC-30 new protocol:
https://twitter.com/ordinallabs/status/1664631630332297219?s=46&t=Hb-nBT0zonE82bFfQEj7Cg
Grant Riven Yun introduces new print collaboration with @avant_arte launching June 27:
https://twitter.com/grantyun2/status/1666795903133286407?s=46&t=Hb-nBT0zonE82bFfQEj7Cg
“Maschine” artworks by @harmvddorpel sold out:
https://twitter.com/mercedesbenznxt/status/1666501707109376008?s=46&t=Hb-nBT0zonE82bFfQEj7Cg
Emilie Xie shares Interwoven mint is going live for allow-listed folks starting at 6:30 pm EST:
https://twitter.com/emilyxxie/status/1666572910729781252?s=46&t=Hb-nBT0zonE82bFfQEj7Cg
Domain names with search & self inscription is LIVE on Magic Eden:
https://twitter.com/meonbtc/status/1666873779635486723?s=46&t=Hb-nBT0zonE82bFfQEj7Cg
Quick Stats:
OpenSea Daily Volume: 1,634 ETH (▼ 28.27%)
Blur Daily Volume: 7,021 ETH (▼ 20.89%)
BTC: $26,618.49 (▲ 0.67%)
ETH: $1,844.25 (▲ 0.01%)
Solana: $19.27 (▲ 2.65%)
Polygon: $0.79 (▲ 1.03%)
NFT Daily Winners:
🥃 Proof Collective: 8.85 ETH (▲ 18.0%)
🐧 Pudgy Penguins: 4.67 ETH (▲ 2.55%)
🦧 Bored Ape Yacht Club: 46.36 ETH (▲ 0.65%)
🚬 CryptoPunks: 50.99 ETH (► 0.00%)
🧝🏼♀️ DigiDaigaku: 3.18 ETH (► 0.00%)
NFT Daily Losers:
⛩️ Azuki: 17.54 ETH (▼ 0.14%)
🌈 Doodles: 2.18 ETH (▼ 0.18%)
🦉 Moonbirds: 2.19 ETH (▼ 0.42%)
🐈⬛ VeeFriends: 1.92 ETH (▼ 0.53%)
🏳️🌈 Chromie Squiggles: 10.80 ETH (▼ 0.92%)
🧬 Clone X: 2.64 ETH (▼ 1.27%)
🥔 Potatoz: 2.76 ETH (▼ 1.43%)
🧟 Mutant Ape Yacht Club: 9.43 ETH (▼ 4.37%)
🏴☠️ Captainz: 8.75 ETH (▼ 4.37%)
Notes:
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