Howdy Roller Coaster riders,

I think it’s safe to describe this as a “bumpy” week!

Let’s see what’s up for grabs today.

• 😕 Crypto Conundrum

• 💉 Crypto Against COVID

• 🔐 SOL Security Saga

💵 Binance.US: From Fiat Drama to All-Crypto Evolution

Crypto exchange Binance.US is taking its roller-coaster ride with the U.S. Securities and Exchange Commission (SEC) in its stride, announcing it's transitioning to an all-crypto platform.

In a dramatic plot twist, it's ditching fiat currencies due to "aggressive and intimidating tactics" from the SEC. This move has the excitement of a high-speed car chase, but the underlying urgency is palpable - USD deposits will be suspended as of June 9, and USD-based trading pairs will be de-listed shortly after. Amidst this chaos, Binance.US stands its ground, fervently defending its corner like a valiant knight. ⚔️CZ, riding on a warhorse, springs to mind!Yet, the SEC's lance remains aimed at them, asserting BNB is a security. Meanwhile, in a surprising cliffhanger, only ten trading pairs will be delisted instead of a proposed one-third, showing Binance.US still has some tricks up its sleeve. 🎱As this saga continues, one thing's clear - CZ's not lying down and taking it!

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🤑 Buterin Bolsters Pandemic Research with Multi-Million Dollar Pledge

Ethereum's mastermind, Vitalik Buterin, joins forces with Sandeep Nailwal, Polygon's creator, to combat the global beast that is COVID-19. 

Playing their part in the war against the pandemic, they have pledged a whopping $100 million to further research efforts. It's like injecting a much-needed adrenaline shot into the fight against this global health crisis. 💉Buterin's contribution will include a personal donation of $10 million as if he's tossing his cape into the ring. …and we know it will probably be a brightly colored cape!Much like a global Avengers assembling, their shared mission is to find public health solutions that respect people's rights and freedoms and ensure enjoyable lives. Nailwal's emergency relief fund, Covid Relief, has already acted as a fiscal superhero, disbursing over $58 million in pandemic relief grants. 🦸As they face this real-world supervillain, their motto could be: "In blockchain, we trust!"

🤺 Solana Foundation Strikes Back: 'SOL Is Not a Security’

The Solana Foundation is singing a defiant tune in response to the recent SEC accusations categorizing its SOL token as an unregistered security. 

Picture it as a David versus Goliath-like standoff with the SEC filling the shoes of the Philistine giant. 🏹The lawsuits slapped on Binance.US and Coinbase earlier this week are the pebbles that initiated this clash. 🎯Standing its ground like a digital David, the Foundation states, "SOL is not a security. It's the lifeblood of a robust, open-source, community-driven blockchain." They believe the SEC classification won't stymie the building process atop Solana. A very similar story is also coming out of Cardano HQ, amongst others.The saga continues, but now is the time to put away petty differences and come together!

DailyCoin Daily Meme

Exchanges Were Warned: SEC Chair Gensler Defends Crypto Crackdown

The news from the Securities and Exchange Commission’s (SEC) latest crackdown still reverberates through crypto. Gary Gensler recently...

Ripple vs. SEC: The Domino Effect on Binance and Coinbase Lawsuits

Should Ripple emerge victorious in this case, it would establish a groundbreaking precedent that could challenge the SEC’s authority in...

MiCA Published in Official EU Journal—Here’s What It Means

The EU published MiCA in its official journal on Friday, June 9, kicking off a 20-day countdown for the regulation to “enter into force.” This means...

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