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- ⚖️ Binance Strikes Back in SEC Legal Battle Over Supposed Securities Breaches
⚖️ Binance Strikes Back in SEC Legal Battle Over Supposed Securities Breaches
💀 Beware of Fake Mints: Bitcoin Ordinals Trap Triggers $63K Loss
DeFi God
June 13, 2023
Gm folks! All good? Seems like the market is hot!
🔥 What's hot today 🔥
⚖️ Binance Strikes Back in SEC Legal Battle Over Supposed Securities Breaches
💀 Beware of Fake Mints: Bitcoin Ordinals Trap Triggers $63K Loss
🤖 Rishi Sunak's £100 Million Blueprint to Establish the UK as an AI Epicenter
📉 Binance.US in Rough Waters: 78% Market Depth Dip Amid SEC Lawsuit
🐦 Tweet of the day
🐸 Meme of the day
🧠 Wisdom of the day
⚖️ Binance Strikes Back in SEC Legal Battle Over Supposed Securities Breaches
In response to the SEC's recent allegations, Binance has countered with 20+ filings, challenging the agency's claim that it's violating securities laws. The SEC's charges involve accusations of operating unregistered exchanges, lack of disclosure, and deception among others. Binance's legal eagles highlight the timing of the charges, questioning why the SEC permitted the growth of Binance and Binance.US if their operations were deemed illegal since 2017. The legal battle continues.
💀 Beware of Fake Mints: Bitcoin Ordinals Trap Triggers $63K Loss
A dubious BRC-20 token mint disguised as a meme token project, ORNG, swindled nearly $63,000 in Bitcoin on Friday. Launched under the guise of an Ordinals protocol on a pseudo website called "Luminux," it mimicked the real Ordinals launchpad site, "Luminex", leading to the draining of users' Bitcoin wallets when they attempted to mint the new meme token. Wallet draining scams, an infamous menace in the Ethereum NFTs space, are now spreading their wings to Bitcoin Ordinals. While the allure of these mints may be strong, the costly consequence of FOMO proves even stronger.
🚨⚠️ SCAM ALERT ⚠️🚨
Beware of @orangebrc 🍊 falsely claiming an association with Luminex. Their recent tweet includes a deceptive link 🔗.
This is a fraudulent act ❌ and there is NO official partnership with Luminex. Stay safe 🛡️ and always verify information before taking… twitter.com/i/web/status/1…
— Luminex (@luminexio)
3:09 PM • Jun 9, 2023
🤖 Rishi Sunak's £100 Million Blueprint to Establish the UK as an AI Epicenter
UK Prime Minister, Rishi Sunak, announces a daring $100M initiative to transform the UK into an AI powerhouse. The plan includes AI scholarships, an AI Taskforce, and collaborations with AI giants like Google, OpenAI, and Anthropic. In the midst of it all, OpenAI CEO, Sam Altman, strengthens ties with global regulators, adding a new layer to the discourse around AI safety regulation.
With £100 million for our AI Taskforce, we are dedicating more funding to AI safety than any other country in the world.
We’ll also work with @DeepMind, @OpenAI and @Anthropic who will give us early or priority access to models for research and safety purposes.
— Rishi Sunak (@RishiSunak)
11:14 AM • Jun 12, 2023
📉 Binance.US in Rough Waters: 78% Market Depth Dip Amid SEC Lawsuit
The crypto market saw a significant shake-up as Binance.US's market depth plummeted by 78% following a lawsuit by the SEC, leaving the platform’s future uncertain. The liquidity of the exchange slipped from $34M to $7M within a week. The lawsuit, accusing Binance.US of breaching securities laws, has led to market makers hastily exiting the platform.
Binance.US market depth is down a whopping 78% since the SEC lawsuit 👀
Market makers vacated instantly, leaving hardly any #liquidity.
— Kaiko (@KaikoData)
10:38 AM • Jun 12, 2023
🐦 Tweet of the day
What's the fastest way to lose money in Crypto?
Do what 99.999999% of the public is doing.
And what's that?
Follow the hype where everyone dreams of a lambo overnight, and buy crypto on leverage that you have no clue about.
— Defi God (@_defi_god_)
12:15 PM • May 8, 2023
🐸 Meme of the day
🧠 Wisdom of the day
What is NFT floor price?
The NFT floor price is the minimum price an NFT within a specific collection can be listed for sale. It is essential in determining an NFT's worth and guides buying, selling, or trading decisions. Factors such as uniqueness, demand, market trends, and promotional activities influence NFT floor prices. To make informed decisions, one needs to analyze these factors, understand market dynamics, and monitor price trends. Using floor price analysis helps manage risks, set realistic expectations, and potentially improve overall returns in the NFT market.
Find out more about NFT floor price in this article.