Syz the moment

Binance.US and the United States Securities and Exchange Commission have agreed to work on an arrangement that will allow the exchange to avoid freezing all of its assets.On June 14, Bloomberg reported that U.S. District Judge Amy Berman Jackson referred the two organizations to a magistrate judge to work toward a compromise arrangement to protect customer funds without having to shut down the exchange. “Shutting it down completely would create significant consequences not only for the company but for the digital asset markets in general,” Jackson said at a June 13 hearing. Source Cointelegrah

Ratings agency Moody’s slashed Coinbase’s outlook to “negative” from “stable” two days after the Securities and Exchange Commission alleged that the exchange operated as an unregistered broker and sold unregistered securities since 2019. A negative outlook suggests that the agency could downgrade Coinbase’s rating in the future. Moody’s decision to change the outlook stems from uncertainty about how much the SEC’s charges will affect Coinbase’s business model and cash flows, the agency said in a statement published Thursday. Source: Blockworks

The Securities and Exchange Commission has asked a judge to freeze assets held by Binance.US, according to an emergency motion filed by the agency on Tuesday. The freeze would impact two holding companies associated with Binance.US’s operations: BAM Management US Holdings and BAM Trading Services. Binance has claimed the SEC's lawsuit is "misguided" and "unreasonable," and the agency's regulatory posture is undermining America's role as a global financial hub. Source Decrypt

Data indicates Binance users have overall withdrawn almost $1.5 billion from the crypto exchange over the past day, as the firm grapples with a fresh Securities and Exchange Commission lawsuit over alleged securities violations. The SEC claimed the exchange and its CEO Changpeng Zhao lured US customers to their unregulated platform and mixed investors’ funds with their own.

Do Kwon will be released from Montenegro detention after his bail request of approximately $427,900 (€400,000) was accepted.nThis comes after the court verified his property to be "worth millions." Another reason why bail was considered is that, due to the nature of the case, the duration of the procedure is uncertain. Source Decrypt

The number of staked Ether in May reached a new all-time high of 2.96 million ETH, approximately 2.46% of the total supply. The significant surge comes within a month of the Shapella, allowing validators to withdraw their staked ETH after two years. Many then believed the heavy unstaking of ETH could be a bearish event for the Ethereum network. However, an estimated less than 1% of all staked ETH was sold after Shapella. source: Cointelegraph

Under new rules from the Central Bank of the United Arab Emirates (CBUAE), licensed financial institutions (LFIs) would be required to verify the identities of all customers. The update will come into effect “within a month” by the end of June. According to the guidance, LFIs should submit a request to the central bank for non-objection to open accounts for each virtual asset providers (VASP) on a case-by-case basis. Any collaboration with VASPs without a national license is prohibited. Source Cointelegraph

The European Central Bank (ECB) has finalized prototypes for a digital euro as it prepares to take a decision later this year over whether to develop the EU's fiat currency in a new format, according to reports released on Friday. The ECB says its potential central bank digital currency (CBDC) can be designed to boost innovation – but appears more skeptical about using Web3-style distributed ledger technology and smart contracts. The EU is one of many jurisdictions across the world currently contemplating a CBDC – including near neighbors at the Bank of England. Source: Coindesk