Binance once sought to hire Gary Gensler, the current head of the SEC:

The Wall Street Journal detailed the entreaties as part of a broader story on Binance’s efforts to establish business operations in the U.S via Binance.US, an exchange it says is wholly independent.

The Journal outlined the close operational ties between Binance and Binance.US as both firms face regulatory scrutiny in the United States and investigations by federal regulators, including the SEC.

Gensler was reportedly pitched on an advisory role in 2018 and 2019, per the Journal, when he was still teaching at the Massachusetts Institute of Technology.

Former Binance venture arm head Ella Zhang later wrote in a chat message that even though Gensler declined to come aboard, “he was generous in sharing license strategies.”

Several U.S. senators have begun to probe Binance and Binance.US’s relationship as Capitol Hill weighs regulations of the exchange ecosystem and the digital asset market as a whole.

Full Story: https://www.wsj.com/articles/texts-from-crypto-giant-binance-reveal-plan-to-elude-u-s-authorities-3a17ddeb

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Airdrop details: https://medium.com/pancakeswap/participate-in-pancakeswap-v3-launch-claim-135k-cake-airdrop-and-receive-an-exclusive-nft-for-a1327ee80884

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Bybit: We confirm USD deposits via wire transfer (including SWIFT) are temporarily suspended as our end-point processing partner is currently adjusting its scope of work. We are closely urging our partners for alternative solutions. Users can still buy crypto currencies in USD using their debit and credit cards through other channels.

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Lido token price tanks after podcaster spreads inaccurate rumor of Wells notice.

It doesn't take much to tank a token price, particularly lately as fear of SEC action in the Ethereum staking world has run high. Popular podcaster David Hoffman speculated on his Bankless podcast on March 3 that "I have wind that many, many, many Wells notices have been issued to many of the defi apps, orgs that we all know and love" in the last week, describing it as a "carpet bombing" and adding that "I think Lido got one". Although he clarified that they were only rumors, it was enough to spark panic, and the LDO token fell almost 20%, from around $3 down to around $2.45.

Hoffman later retracted the statement in a long tweet and apologized, and the LDO price recovered somewhat, though not to its initial level. However, he continued to claim that "there is at least one confirmed Wells Notice that has gone out recently, that isn't known to the public", but wrote that "the idea of a mass recent carpet bomb isn't correct".

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Snoop Dogg just launched a Web3 live streaming app Shiller.

https://twitter.com/shiller/status/1624409611783512066

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⚡ Nayib Bukele Claims That Making Bitcoin Legal Tender Increased Tourism By 95%.

@Crypto_News | link

ETH Selling Pressure Analysis Ahead of the Shanghai Upgrade: the Profit & Loss Perspective

- STAKED ETH IN PROFIT/LOSS
- STAKED ETH PROFIT/LOSS ANALYSIS BY POOL
- STAKING POOL DEPOSITOR ANALYSIS
- STAKED ETH OUTFLOWS (Available when outflows occur after the Shanghai Upgrade)

Interesting dashboard: https://cryptoquant.com/analytics/dashboard/63fd5b5d427380174e2397b8

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Kraken is moving ahead with plans to launch its own bank despite a challenging regulatory environment, Marco Santori, Kraken’s chief legal officer, told The Block’s Frank Chaparro on The Scoop podcast.

https://www.theblock.co/post/217177/kraken-is-on-track-to-launch-bank-very-soon-despite-regulatory-weird-place

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Key Events This Week:

1. Fed Chair Powell speaks on Tuesday/Wednesday
2. JOLTs job data on Wednesday
3. Fed Beige Book on Wednesday
4. Fed’s Barr speaks on Thursday
5. February jobs report on Friday
6. Final week of Q4 earnings

Telegram | Twitter

Unusual volume detected in 1h chart: $XEM - $0.0416 (+1.46%)

Upbit:
Average 50 1h volume: 7 Million
Last: 64 Million
Percent change: 766.25% 🔥

Binance:
Average 50 1h volume: 5 Million
Last: 7 Million
Percent change: 44.90%
Funding rate: 0.00010000

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Singapore Police Have Begun Probing Crypto Fugitive Do Kwon’s Terraform Labs

Island’s police force says investigations have now commenced

US SEC last month accused Kwon and Terraform Labs of fraud

https://www.bloomberg.com/news/articles/2023-03-06/singapore-police-have-begun-probing-crypto-fugitive-do-kwon-s-terraform-labs#xj4y7vzkg

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Main reason for markets being bearish to sideway is because of the uncertainties around Mt. Gox for $BTC and Shanghai affect for $ETH.

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Amazon will launch its NFT platform on April 24.

will be available on the site of the American giant via a tab "Amazon Digital Marketplace". This tab will only be available in the United States at first.

The platform will gradually be opened to the rest of the world, including Europe.

https://en.thebigwhale.io/article/nfts-amazon-lancera-sa-plateforme-le-24-avril

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SEC files emergency action against Miami investment adviser BKCoin for $100 million Crypto fraud.

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4 days ago, the entire crypto market collapsed in a matter of minutes:

Over $200 million was liquidated within an hour.

Since then, Bitcoin has traded completely flat.

It just posted it lowest daily volume since 2015.

Liquidity is drying up in real time.

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SEC is increasing its staff to investigate and prosecute crypto firms.

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FTX just updated its books. The company is missing:

$6.4 billion in cash and stablecoins

$1.58 billion worth of Bitcoin

$870 million worth of ETH

$109 million worth of SOL

….and $209 million "other" miscellaneous cryptos.

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Vitalik dumping all his free shit tokens.

Currently sold 50B $MOPS for 1.25 $ETH($2K), sold 10B $CULT for 58 $ETH($91K), sold 500T $SHIK for 380 $ETH($600K).

https://etherscan.io/address/0xab5801a7d398351b8be11c439e05c5b3259aec9b#tokentxns

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Thailand offers tax breaks for companies issuing investment tokens.

https://www.reuters.com/technology/thailand-offers-tax-breaks-companies-issuing-investment-tokens-2023-03-07/

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Missouri state committee passes bill protecting the right to run a node and mine Bitcoin.

https://twitter.com/bitcoinmagazine/status/1633140075675652096

@bitcoins