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In the first part of this series, I discussed the U.S. Securities and Exhange Commission’s recent charges against Coinbase and Binance, their inability to properly regulate the crypto industry, the history of digital assets in the congressional record, and the significant decline in the mentions of digital assets by the U.S. Government. For this part, The post Op-ed: Why the SEC should never touch crypto again [Part 2] appeared first on CryptoSlate.

Quick Take Ethereum gas usage by transaction type, specifically at stablecoins and NFTs, continues to drop. Stablecoin gas usage is currently at three-year lows, roughly 5% of the total gas usage, according to Glassnode data as of June 9. USDT makes up over 75% of gas usage on Ethereum. However, this demand seems to be The post Gas usage for stablecoins, NFTs on Ethereum continues decline appeared first on CryptoSlate.

The post SEC’s legal battles with Binance, Coinbase could reshape the crypto landscape appeared first on CryptoSlate.

Bitcoin dominance is rising as crypto investors attempt to decipher the impact of the recent SEC lawsuits against Coinbase and Binance. Investors appear to be converting tokens proposed as securities by the SEC into less disputable assets such as Bitcoin. Crypto dominance Since the lawsuits were filed on June 6, the total market cap of the The post Bitcoin, Ethereum, Tether dominance rises as cybersecurity & fan tokens defy markets appeared first on CryptoSlate.

Facebook and Instagram parent Meta internally unveiled several AI features that will soon be offered to users, various sources reported on June 8. Meta unveils new consumer AI tools Axios said on June 8 that CEO Mark Zuckerberg and other executives announced the features during an all-staff meeting. One tool under development allows users to The post Meta previews consumer AI tools, from chatbots to photo editors to “stickers” appeared first on CryptoSlate.

The Commodity Futures Trading Commission (CFTC) said June 9 that it achieved a legal victory against Ooki DAO in a precedent-setting case. Ian McGinley, the CFTC’s Division of Enforcement Director, said: “The founders created the Ooki DAO with an evasive purpose, and with the explicit goal of operating an illegal trading platform without legal accountability.” The post Ooki DAO to pay $643K fine after CFTC’s court victory appeared first on CryptoSlate.

Jay Clayton, former chair of the U.S. SEC, commented on the agency’s current treatment of crypto in a conversation at Bloomberg Invest on June 8. Beginning on June 5, the U.S. Security and Exchange Commission filed charges against Binance and Coinbase. Bloomberg’s Carol Massar asked Clayton whether he would have taken the same actions as The post Ex-SEC chair Jay Clayton says agency is having ‘blunt conversations’ on crypto; endorses ‘true stablecoins’ appeared first on CryptoSlate.

Crypto.com will soon end U.S. access to its institutional exchange, according to a statement from the company on June 9. That statement said the decision had been made due to limited demand in that market. Crypto.com said that the institutional exchange would remain available outside of the U.S. and that it would consider relaunching the The post Crypto.com to halt US institutional exchange offering; retail users unaffected appeared first on CryptoSlate.

Ethereum co-founder Vitalik Buterin said the Ethereum network needs to go through three major technical transitions related to Layer-2 scaling, wallet security, and privacy as it matures from a “young experimental technology into a mature tech stack.” Buterin added that these transitions must be executed “roughly simultaneously” to ensure success and if any of them The post Buterin says Ethereum needs 3 critical transitions to ensure its survival appeared first on CryptoSlate.

The U.S. Department of Justice has charged two Russians, Alexey Bilyuchenko and Aleksandr Verner, for conspiring to launder 647,000 Bitcoin (BTC) stolen from their hack of Mt. Gox in 2011, according to a June 9 statement. The DOJ accused them of using their unauthorized access to Mt. Gox servers to transfer BTC to wallets controlled The post US DOJ charges 2 Russians with laundering over 600k Bitcoin appeared first on CryptoSlate.