#SEC sets off a crypto law enforcement campaign, with Binance and Coinbase sued successively#
On June 5, SEC sued Binance and CZ for violating US securities rules. Affected by the news, BNB fell to $272 for a short period of time, an intraday drop of more than 10%. One day later, SEC sues Coinbase in New York federal court, and Coinbase stock fell 16% before the market.
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DEGEN - INSIGHTS
🆘 Let's take a look at the hottest crypto news of the past 24 hours with Degen 🆘 Wintermute announced that it would oppose the new proposal on the $ AAVE forum. Maple Finance has granted a record-breaking loan of $500 million. Binance will support the Mainnet migration for Frex Share ($ FXS) and rebrand it as Frax ($ Frax). Kraken plans to launch Prediction Markets in 2026. Architect successfully Capital $35 million in its Series A funding round, led by Miami International Holdings (MIAX) and Tioga Capital Partners. - $ZAMA announces the benefits for the public sale of OG Non-Fungible Token. - $RESOLV is expanding its operations into the Money Markets for Altcoins. Brevis announces the tokenomics of the $BREV Token . - Tea Protocol has postponed the Token Issuance (TGE) to February 5th. - The Gensyn Token distribution portal $AI is now officially open. - The Unification Proposal of $UNI has been approved. - $TWT (Trust Wallet) confirms a security issue affecting browser extensions in version v2.68. - Hashkey Capital 's investment fund (targeting $500 million) has raised $250 million in its first round. - The Metaplanet board of directors approved the plan to buy more Bitcoin. - The Philippines blocked access to Coinbase and Gemini in a crackdown on unlicensed virtual asset service providers (VASPs). - The SEC is suing over a $14 million cryptocurrency investment fraud case. - MicroStrategy's mNAV has reached 1.08; anything below 1 indicates a major problem.
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