Author: Crypto News Live

TL;DRThe SEC is alleging that Binance’s CEO and financial manager each received billions of dollars of customer funds through a range of personal holding companies.It’s alleged that $12B+ was sent through a web of companies that have nothing to do with Binance – and that the majority of these US customer funds now sit in offshore accounts.The SEC has requested the court to sign a temporary restraining order to freeze assets on Binance.US – Ooooft!!!Full StoryWe had these neighbors growing up – two boys, about 3 years apart in age.One day the older of the two was trying to prove…

Ethereum’s active deposits spiked to a record high since March, recording over 17,000 deposits. Its exchange netflow still, however, showed dominant negative outflow. Ethereum’s price has been experiencing notable fluctuations of late, and according to Santiment’s recent deposit metric, there could be even more volatility on the horizon as the weekend approaches. However, by examining Ethereum’s Netflow, we may better understand the prevailing sentiment, overriding the impact of these price swings. Realistic or not, here’s ETH’s market cap in BTC terms Ethereum active deposits spike Ethereum marked a significant surge on 9 June in some key metrics, as observed on…

GameFi A DappRadar report reveals that revenue in blockchain gaming rose in May. Despite a slight slip in dominance, the industry witnessed a 6% month-to-month increase in unique active wallets (UAW). Gaming continued to command a significant share of on-chain activity. The rise of new gaming chains, such as BNB Chain and Polygon, added competition to the landscape. Additionally, the emergence of social dapps and the success of web3 games on iOS platforms are reshaping the gaming industry. Illuvium’s Overworld and Illuvium Zero have ushered in a new wave of high-quality blockchain games, and investments in the sector reached $476…

Sam Altman, the CEO of ChatGPT developer OpenAI, met with South Korean President Yoon Suk Yeol on June 9 and urged South Korea to play a leading role in manufacturing the chips needed for artificial intelligence (AI) technology. Altman also expressed an interest in investing in Korean startups and collaborating with bigger chipmakers like Samsung Electronics. According to local news media, the CEO suggested South Korea should focus on chips — as both system semiconductors and memory chips are needed for AI — and reduce corporate regulations to foster AI projects and work toward setting international standards.Altman, who recently embarked on…

Binance.US says that it will be halting US dollar deposits and withdrawals in response to being sued by the U.S. Securities and Exchange Commission (SEC). In a new announcement, Binance.US says it will temporarily become a crypto-only exchange platform due to the SEC’s “ideological campaign” against the US digital asset industry. “The SEC has taken to using extremely aggressive and intimidating tactics in its pursuit of an ideological campaign against the American digital asset industry. Binance.US and our business partners have not been spared in the use of these tactics, which has created challenges for the banks with whom we…

The ETH supply on exchanges dropped to its record low at the time of publication. Supply held by top non-exchange addresses has shot up. Ethereum [ETH] whales have increased their appetite despite the prevailing uncertainty in the market. One of these whale wallets, withdrew nearly 39,300 ETH in a series of transactions over the last month from world’s largest crypto trading platform Binance. Is your portfolio green? Check out the Ethereum Profit Calculator Highlighted by on-chain analytics firm Lookonchain through a tweet dated 9 June, the address which was created more than a month ago, accumulated ETH worth more than $70…

NFT Crypto firm OKX appears to be going all in on artificial intelligence (AI) and nonfungible tokens (NFT) at the forthcoming Tribeca Festival. Between June 7 and June 14, Spring Studios NYC is set to host OKX’s NFT lab. In the space, festival-goers can test by minting their distinct, AI-generated content (AIGC) NFTs. Strategically located on the ground floor, OKX’s NFT Lab will enable the attendees to customize NFTs by inputting text prompts into the OKX mobile app. Customized NFT generation is all possible with the help of AIGC tech, which utilizes machine learning to generate unique digital art. What…

Cryptocurrency company OKX is going all in on NFTs and AI at the upcoming Tribeca Festival. From June 7-14, Spring Studios NYC will host OKX’s NFT Lab. In this space, festival-goers can experiment with minting their unique, AI-generated content (AIGC) NFTs.Situated on the ground floor, OKX’s NFT Lab will let attendees customise NFTs by inputting text prompts into the OKX mobile app. This tailor-made NFT generation is all thanks to AIGC tech, which uses machine learning to generate one-of-a-kind digital art.Source Tribeca FestivalAnd the result? Each masterpiece will be minted as an NFT on the blockchain and can be transferred…

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. ETH’s trend on lower timeframes differed from the market structure on higher timeframes.  A steep decline in exchange supply could present bulls with a chance to rally past key resistance. Ethereum [ETH] continued to present investors with differing on-chart narratives. On the higher timeframes such as the 12-hour and daily, ETH’s market structure remained bullish, as the upward trend stayed intact. However, on the lower timeframes such as six-hour and four-hour, the bears held sway due to the price…

Introduction Welcome to our comprehensive price analysis report for Cardano (ADA) as of June 10, 2023. This report is based on price data, technical indicators, and moving average data sourced from Binance at 05:49 AM UTC. We delve into the intricate dynamics of ADA’s price, volume, and key technical indicators. Whether you’re a seasoned trader or a curious observer, this report offers valuable insights into ADA’s performance on this day. So, let’s dive in and explore the market sentiment for Cardano. Price and Volume The current price of ADA is $0.2489, with a significant decrease of -$0.0671 (-21.23%) from the…