Binance, Changpeng Zhao and former compliance chief Samuel Lim intend to file two motions to dismiss a March lawsuit from the CFTC against them. Source: https://cointelegraph.com/news/binance-ceo-plans-motion-dismiss-cftc-complaint-lawsuit

Bitcoin-related funds saw outflows of $13 million over the past week, reversing five weeks of bullish inflows, according to Coinshares analyst James Butterfill. Source: https://cointelegraph.com/news/bitcoin-btc-outflows-coinshares-while-ether-xrp-gain

The two protocols will implement a standard for issuers to control the “canonical” minting of tokens, helping to reduce losses from unofficial bridges. Source: https://cointelegraph.com/news/connext-alchemix-cross-chain-token-standard-reduce-bridge-exploit-losses

Brad Garlinghouse has lashed out at the SEC for its “absurd” comments on the Ripple Labs case. Source: https://cointelegraph.com/news/ripple-ceo-brad-garlinghouse-condemns-sec-hint-appeal-xrp

The anonymous Bitcoin whale is up over 600,000% from their 2011 purchase of BTC at $4.92. Source: https://cointelegraph.com/news/dormant-bitcoin-btc-wallet-moves-millions-after-11-years

San Francisco’s Federal Reserve Bank is seeking a crypto architect for a central bank digital currency. Source: https://cointelegraph.com/news/federal-reserve-san-francisco-hiring-crypto-architect-cbdc-project

The SEC examines the ruling in the Ripple case, a U.S. Senate bill seeks to regulate DeFi, and the poor performance of altcoins in the second quarter of 2023. …

Twitter has not yet specified what the daily DM limits will be, and the move hasn’t been received well by both verified and unverified users. Source: https://cointelegraph.com/news/twitter-to-introduce-daily-limits-on-dms-for-unverified-accounts

This week’s Crypto Biz looks at Binance’s ongoing efforts to curb declining profits, Ripple’s expectation that U.S. banks may soon adopt XRP and the first signs of venture capital …

Former FTX and Alameda Research executives Sam Bankman-Fried, Caroline Ellison, Gary Wang and Nishad Singh were named in the suit from FTX. Source: https://cointelegraph.com/news/ftx-sues-sam-bankman-fried-other-execs-recoup-one-billion