News Explorer — Binance US Seeks Protective Order Against ‘Fishing Expedition’ by SEC

Binance.US has filed a motion seeking a protective order to limit the scope of discovery requested by the SEC in its case against the cryptocurrency exchange. The company argues that the SEC’s discovery requests have gone beyond the agreed-upon scope and amount to an inappropriate fishing expedition. Binance.US claims that the SEC is demanding expansive communications and deposition testimony on topics unrelated to customer assets, and that deposing top executives would be unproductive and disruptive to operations.

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Aug 15, 8:27 am

Blockworks

New Zealand Crypto Exchange Dasset Enters Liquidation, Trapping Customer Funds

New Zealand-based crypto exchange Dasset has gone into liquidation, leaving customers unable to access their funds. Cust… Read Summary

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Aug 15, 7:01 am

Decrypt

Europe Launches the First Spot Bitcoin ETF

Europe has taken the lead in launching the first Bitcoin exchange-traded fund (ETF) with Jacobi Asset Management listing… Read Summary

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Aug 15, 6:29 am

Decrypt

Binance US Seeks Protective Order Against ‘Fishing Expedition’ by SEC

Binance.US has filed a motion seeking a protective order to limit the scope of discovery requested by the SEC in its cas… Read Summary

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Aug 15, 6:00 am

Decrypt

Crypto Custodian Prime Trust Files for Bankruptcy

Prime Trust, a Las Vegas-based cryptocurrency custodian, has filed for Chapter 11 bankruptcy protection following a seri… Read Summary

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Aug 15, 12:23 am

Decrypt

Achieving the Singularity is ‘All About Progress’: AI Executive

SingularityNET, an AI and blockchain developer, aims to drive towards a positive singularity where technological growth… Read Summary

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Decrypt

Sam Bankman-Fried Used $100 Million in Stolen Cash for Political Donations, DOJ Alleges

The Department of Justice has alleged that Sam Bankman-Fried, the founder of FTX, misappropriated and embezzled customer… Read Summary

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Decrypt

FDIC Highlights ‘Novel and Complex’ Crypto Risks in Annual Review

The Federal Deposit Insurance Corporation (FDIC) has released a report highlighting the unique risks that digital assets… Read Summary

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The Block

Celsius Plans to Poll Customers on Its Plans: Bloomberg

Bankrupt Celsius Network LLC has received approval from U.S. Bankruptcy Judge Martin Glenn to send ballots to account ho… Read Summary

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Aug 14, 7:26 pm

Decrypt

Crypto Sleuth ZachXBT Avoids Lawsuit After Backing Off Claims Against NFT Trader

The defamation lawsuit brought against ZachXBT by Jeffrey Machi Big Brother Huang has been dropped. ZachXBT made alterat… Read Summary

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Aug 14, 6:50 pm

Decrypt

Institutional Investors Continue to Bet Big on XRP Following Ripple’s Partial SEC Win

Institutional investors continue to show interest in cryptocurrencies beyond Bitcoin, with Ripple’s XRP attracting signi… Read Summary

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Aug 14, 6:27 pm

Reuters

Sam Bankman-Fried Needs Depression, ADHD Meds in Jail, Say Attorneys

Sam BankmanFried, the founder of bankrupt cryptocurrency exchange FTX, is requesting access to medications for depressio… Read Summary

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Aug 14, 6:12 pm

Decrypt

Claude AI Developer Anthropic Raises $100M From South Korean Telco Giant SK

Anthropic, an AI startup, has secured $100 million in funding from SK Telecom (SKT), a leading player in the South Korea… Read Summary

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Aug 14, 5:43 pm

Decrypt

Bitcoin Miner Hut 8 Shares Plummet 8% After Disappointing Q2 Revenue Figures

Hut 8, a Toronto-based Bitcoin mining firm, saw an 8% drop in its shares after reporting disappointing Q2 earnings. The… Read Summary

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Aug 14, 4:48 pm

Decrypt

FarmVille Creator Zynga Reveals First Ethereum NFT Game: Sugartown

Zynga, the game publisher known for popular titles like FarmVille and Words With Friends, has announced its first blockc… Read Summary

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