SEC wins appellate court case against Coinbase

     The US Third Circuit Court of Appeals has rejected Coinbase's appeal in which Coinbase had demanded clear rules regarding crypto from the SEC. The court has ruled that existing rules are sufficient and Coinbase cannot force the SEC to write a new regulatory system for crypto.

OTHER NEWS 

ATTACK / HACK

Address Poisoning WBTC victim recovers the funds

     A WBTC whale, who lost $71 million worth of WBTC to an attacker in an 'address poisoning' attack, was able to recover funds from the attacker through the negotiation of blockchain cybersecurity firm Match Systems and the crypto exchange Cryptex. I think that victim was lucky because the attacker was not from Lazarus Group, and the negotiating firms were able to convince the attacker.

BITCOIN BLOCKCHAIN 

Decline in the popularity of the Runes Protocol

     The Runes protocol released at the time of Bitcoin Halving on April 19 shielded the income of Bitcoin miners. However, now the popularity of runes is decreasing. New data now shows that there has been a decline in the income of miners due to the decreasing transactions in Runes Proticol.

BINANCE AND SEC

FRA to compliance monitor Binance

  Binance had entered into an agreement with the US DoJ for three years of compliance monitoring. For this, DoJ has recently authorized London-based consulting firm Forensic Risk Alliance (FRA). DoJ has dumped FTXs former law firm Sullivan & Cromwell for this, after FTX investors sued Sullivan & Cromwell.

EARN

• Startup Giveaway: $2k worth BUBBLE token Airdrop by Gateio. Last date - May 14th, 9:00AM (UTC)

• Startup Referral Star: $2k reward pool announced by Gateio.

• VV Airdrops: $11k worth VV token Airdrop by Gateio. Last date is May 18, 4 AM (UTC).