Read U.Today’s crypto news digest to make sure you’re not missing out on any of the latest happenings in the industry!
Take a look at what happened in the crypto world by reading U.Today’s top four news stories.
Ripple vs. SEC: Major Court Judgment Could Make Trial Direction Imminent
In a recent tweet, Fox reporter Eleanor Terrett shared two major decisions that await wave-sec Case. The first pertains to Hinman emails and docs: Judge Netburn must decide whether they fall under attorney-client privilege. The second pertains to the SEC’s motion to seal opposition to Crypto Law founder John Deaton’s request to file an amicus brief on the agency’s expert witness Patrick Doody. According to Terret, both decisions are now imminent and could be made by the end of the week.
Meanwhile, as James K. As reported by Fillon, Ripple defendants have requested that their response to the SEC’s opposition to the AMC proposal be publicly filed. However, the SEC is expected to submit its proposed amendments to the defendants’ response (explaining what to seal and what to make public) on June 23.
Binance to temporarily suspend Ethereum operations in five days
BinanceThe world’s largest cryptocurrency exchange, has announced that it plans to suspend operations with its Ethereum wallet on June 27 due to maintenance. According to the platform’s blog post, the maintenance will take approximately two hours, during which all ERC deposits and withdrawals – 20 tokens – will remain suspended. However, business operations will not be affected and will continue as usual. As stated in the post, deposits and withdrawals will be reopened immediately after all necessary technical operations are over. Binance also emphasized that it does not plan to issue any further announcements.
As reported by U.TodayTwo days ago, Binance maintained its Tron wallet, as well as temporarily halting TRX deposits and withdrawals.
Ripple opens its first office in Canada
According to Wednesday’s announcement, Wave Opened its first office in Canada. The office is located in Toronto and will serve as the company’s “major engineering hub”. The fintech giant aims to go on a hiring spree in Canada’s most populous city, planning to hire “hundreds” of blockchain software engineers in the long run. As stated by Toronto Mayor John Tory, Ripple would be “perfectly suitable” for the city, praising the company’s “innovative technology”. Prior to launching its first office in Canada, Ripple worked with several Canadian institutions as part of its University Blockchain Research Initiative (UBRI) program.
Shiba Inu Large transactions up 880% as SHIB sees buying pressure
Data provided by IntoTheBlock shows that Shiba Inu It faced buying pressure as its price rose over 45% on June 21. Big holders of SHIB swung into action with a 888% increase in large transactions. WhaleStats analysis of the top 100 Shiba Inu holders also showed a 16.67% increase in active addresses as crypto whales interacted with billions of Shiba Inu, leading to an increase in the number of large transactions. Whale trading volume and average SHIB price increased by 27.78% and 17.94%, respectively.
However, at the time of publication, Canine Coin has lost traction and is now trading at $0.000009792, down 3.34% over the past 24 hours.