📣 Coinbase Files Lawsuits Against SEC and FDIC

Victor Ji, co-founder of Manta Network, has described the Polkadot ecosystem as toxic, accusing the team of inefficiency and a lack of genuine decentralization. He asserted that Polkadot adds no real value to Web3.

Silvergate, a banking partner of the bankrupt entities FTX and Alameda, will pay fines totaling $63 million to the Federal Reserve and the California Department of Financial Protection and Innovation (DFPI). Of this sum, $43 million will be paid to the Fed and $20 million to the DFPI. Additionally, the SEC seeks to impose another $50 million in penalties on the company.

On July 1, at a press conference in Paris, Circle announced that its stablecoins, USDC and EURC, now adhere fully to the European Union’s Markets in Crypto-Assets (MiCA) regulations.