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Binance to restrict ‘unauthorized’ stablecoins in EU starting June 30, urges users to switch to regulated tokens

Binance to restrict ‘unauthorized’ stablecoins in EU starting June 30, urges users to switch to regulated tokens

In Europe, the cryptocurrency exchange plans to restrict access to stablecoins that are not “regulated” by June 30.

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Connext rebrands to Everclear, introduces a ‘clearing layer’ for intent-based bridges

Connext, a blockchain interoperability platform, is rebranding to Everclear and developing a “clearing layer” for intent-based bridges.

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Crypto investment products see $2 billion of inflows in May amid ‘turnaround’ in Ethereum sentiment: CoinShares

Ethereum-based products saw their second consecutive week of net inflows totaling $33.5 million following spot ETF approvals on May 23.

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Coinbase donates $25 million to crypto super PAC Fairshake

Coinbase intends to assist pro-crypto candidates with a significant $25 million donation to Fairshake super PAC.

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MicroStrategy’s Michael Saylor settles record $40 million DC income tax case

The settlement represents the largest income tax fraud recovery in D.C. history, according to Attorney General Brian Schwalb.

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Bernstein analysts doubt political influence in SEC’s spot Ethereum ETF approvals after Biden’s veto

The SEC likely took a more pragmatic approach to avoid a legal battle, according to Bernstein analysts Gautam Chhugani and Mahika Sapra.

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First Mover Americas: Crypto Prices Tick Upward as Meme Coin Season Receives Fresh Impetus

The latest price moves in bitcoin (BTC) and crypto markets in context for June 3, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

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MicroStrategy Founder Michael Saylor Agrees to $40M Settlement in D.C. Income Tax Case: NYT

The District of Columbia sued Saylor in 2022 for allegedly not paying income taxes while living in the district.

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Bitcoin rallies alongside equities as markets anticipate an ECB rate cut this week

Bitcoin rallies alongside equity indices as wider markets anticipate a rate cut by the European Central Bank this week.

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GameStop Stock, Meme Tokens Surge as User ‘DeepFu*kingValue’ Returns to Reddit

Keith Gill posted his GameStop options positions on the r/superstonks subreddit.

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