<img alt="Polkadot [DOT]: Can these factors help increase network TVL? Decoding..." class="attachment-full size-full wp-post-image" height="900" src="https://statics.ambcrypto.com/wp-content/uploads/2023/04/DOT-1.png" style="float: left; margin: 0 15px 15px 0;" width="1200" />The number of Polkadot stakers gained an upward momentum. DOT’s price also turned bullish, which could increase the network’s TVL. As per Polkadot Insider’s 10 April tweet, the Polkadot&#8217;s [DOT] network revenue spiked quite a few times last week. Moreover, DOT registered the highest revenue of $1,473 on 6 April 2023.  👀 Let's get to [&#8230;]

Polkadot [DOT]: Can these factors boost network TVL? Decoding…

The parent company of North Face, VF Corp (NYSE: VFC), experienced a significant decline in its stock price following criticism … Continued
The post Wall Street sets North Face stock price for the next 12 months appeared first on Finbold.

Wall Street sets North Face stock price for the next 12 months

The SEC filed a motion in a federal court to issue a temporary restraining order to freeze the assets of two of Binance’s US units. 
On Tuesday evening, the US Securities and Exchange Commission (SEC) filed an emergency application for a temporary restraining order to freeze the assets of BAM Management US Holdings and BAM Trading Services. The SEC alleges that Binance’s parent company and its CEO, Changpeng Zhao, secretly controlled these two units.  
The agency said in a press release that relief is sought to protect Binance.US customers’ assets.

The Securities and Exchange Commission today filed an emergency action application seeking a temporary restraining order freezing assets, directing defendants to repatriate assets held for the benefit of customers of the Binance.US crypto trading platform, and seeking other emergency relief against Binance Holdings Limited, BAM Trading Services Inc., BAM Management US Holdings, Inc., and their founder, Changpeng Zhao, to ensure that Binance.US customers’ assets are protected and remain in the United States through the resolution of the SEC’s pending litigation of this matter.

In its motion, the agency said it resorted to this step following “years of violative conduct, disregard of the laws of the United States, evasion of regulatory oversight, and open questions about various financial transfers and the custody and control of Customer Assets.”
According to the complaint, Binance has shown a “blatant disregard of federal securities laws.”
Binance.US and CZ Respond
Binance.US responded to the motion on Twitter, assuring customers that “User assets remain safe and secure.”

This afternoon, the SEC filed a motion seeking a TRO and preliminary injunction against https://t.co/AZwoBOgsqS attempting to, amongst other things, freeze https://t.co/AZwoBOgsqS corporate assets. User assets remain safe and secure and the platform continues to be fully…
— Binance.US 🇺🇸 (@BinanceUS) June 6, 2023



Binance CEO Changpeng Zhao further confirmed to users that the motion, if granted, only affects Binance.US.

Clarification: this could only affects https://t.co/hSHrrlF7o7, IF granted by the court. It does NOT affect https://t.co/9rMMAmc1G9. Funds are #SAFU https://t.co/Xedzc0tyuM
— CZ 🔶 Binance (@cz_binance) June 6, 2023



The SEC Is Out for Blood
The motion to freeze Binance.US’s corporate assets comes after the agency sued Binance and Changpeng Zhao on Monday. The regulator accused the exchange of allegedly mishandling customer funds and lying to investors and regulators about its operations. It further accused Zhao and the exchange of failing to restrict US customers from its platform and misleading investors about its market surveillance controls.
Both the exchange and its CEO have denied the SEC allegations.
The SEC doubled down on its regulatory efforts on Tuesday by filing suit against fellow crypto exchange Coinbase.
According to the agency Coinbase acted as an unregistered securities exchange, broker, and clearing agency and charged it for “the unregistered offer and sale of securities in connection with its staking-as-a-service program.”
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

SEC Files Motion to Freeze Assets of Two Binance.US Units

Cardano co-founder Charles Hoskinson shared his take on troubling recent developments in the crypto space in a new YouTube video. In his video, he argued that cryptos are not investment products at their core, but are collectively a gateway to achieving liberation for the first time in humanity’s history.  Hoskinson said that the crypto industry […]
The post Crypto Will Eventually Defeat the Global Financial Order: Hoskinson appeared first on Coin Edition.

Crypto Will Eventually Defeat the Global Financial Order: Hoskinson

SWIFT, the global financial messaging service, and Chainlink, a leading provider of real-world data to blockchains, have announced their collaboration to test the integration of public and private blockchains for global banking. This partnership aims to connect major banks and financial organizations with various blockchain networks, exploring new possibilities for efficient and secure asset transfers. ... Read more

SWIFT and Chainlink Unveil New Blockchain Integration Solutions for Banks

Shib is on the verge of unleashing an electrifying experience as they announce the upcoming release of the highly anticipated Rocket Pond trailer, set to captivate audiences with a glimpse into their thrilling metaverse journey. Rocket Pond, one of the 11 hubs in Shiba’s virtual world was announced on Shib – The Metaverse, the official 
The post Shiba Inu Releases Much Awaited Rocket Pond Trailer; Will SHIB Price Recover? appeared first on CoinGape.

Shiba Inu Releases Much Awaited Rocket Pond Trailer; Will SHIB Price Recover? | Coingape

Participants at Consensus 2023 describe the tension between the need for privacy, transparency and regulation in crypto and DeFi in an excerpt from CoinDesk’s first-ever Consensus @ Consensus Report.

Crypto Needs to Be Private by Default, Some Consensus 2023 Guests Say

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The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial, legal, or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. In limited circumstances the speaker has been compensated by a third party. Purchasing cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome. Past performance does not indicate future results. This is not an offer to sell securities.  Never invest more than you can afford to lose. You should consult with your professional advisors before purchasing any cryptocurrencies.

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The Securities and Exchange Commission (SEC) chief Gary Gensler said the U.S. doesn’t need any more digital currency, as the regulator sues Binance and Coinbase for operating unregistered securities exchanges. "The Hash" panel weighs in on the agency's approach to regulation.

U.S. Doesn't 'Need More Digital Currency' Because It Has the Dollar, Says SEC's Gensler

Bitcoin (BTC) bounced back after tumbling to a three-month low of less than $25,000 on Tuesday following news that Coinbase (COIN) had been sued by the SEC on allegations of violating federal securities law. This followed a similar suit against Binance on Monday. Arca Chief Investment Officer Jeff Dorman weighs in. Plus, Solidus Labs Vice President of Regulatory Affairs Kathy Kraninger discusses how regulatory action is impacting consumers. And, CoinDesk Managing Editor Nikhilesh De breaks down the latest developments as SEC seeks a temporary restraining order to freeze assets tied to Binance.US on Tuesday.

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#Bitcoin #Crypto #Altcoins

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News Links:
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https://blockchance.eu/
https://www.msn.com/en-us/money/companies/coinbase-hit-with-sec-suit-that-identifies-37-billion-of-crypto-tokens-as-securities/ar-AA1cd7Ky
___________________________________________________________
Time Stamps:
00:00 Intro 
02:17 New Exchange Toobit
03:21 Call Davinci
03:48 US regulator wants court to freeze Binance
06:40 Blockchance Event
07:33 Coinbase SEC suit
09:15 Trip to Greece
09:37 BTC Charts
12:36 ETH Charts
13:42 Litecoin - pre-halving
14:11 Bitcoin Dominance
14:19 Outro
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