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The US Securities and Exchange Commission (SEC) and Binance US have reached a two-year lawsuit settlement and submitted a request to dismiss the lawsuit in the US court. The SEC claims that Binance US, its parent company BAM, and asset custody company Sefu are essentially the same entity, and through collusion, they committed multiple illegal acts such as transferring US customers' funds overseas. In 2023, the SEC filed a civil lawsuit against Binance US and Zhao Changpeng, the former Binance CEO.
2. FTX Scheduled to Repay Over 6.86 Trillion Won in Debt on the 30th
FTX plans to repay over 50 billion dollars (approximately 6.86 trillion won) in debt to creditors on the 30th. FTX explained that it will repay debts to creditors with debts exceeding 50,000 dollars using stablecoins. This debt repayment is the second large-scale debt settlement by FTX, following February 2025.
3. Russia Allows Banks to Launch Cryptocurrency Investment Products
The Russian Central Bank announced on the 29th that it will permit Russian banks to offer cryptocurrency-linked investment products. According to the explanation, Russian banks can sell cryptocurrency investment products only to authorized investors within Russia.
4. US Bitcoin Spot ETF Records 5.8996 Trillion Won in Net Inflows in Ten Days
The Bitcoin (BTC) spot ETF in the US recorded approximately 43 billion dollars (about 5.8996 trillion won) in net inflows over the past ten days. According to Hold 15 Capital's data on the 29th, the US Bitcoin spot ETF achieved net inflows for 10 consecutive days.
5. US SEC to Host Roundtable for DeFi Regulation
The SEC announced that it will host a roundtable on June 9th with the aim of regulating the DeFi industry. Hester Peirce, leader of the SEC's cryptocurrency task force, explained that industry participants, scholars, and policy experts from the US DeFi industry will participate in the roundtable.
6. Cantor Fitzgerald Launches Gold-Bitcoin Mixed Fund
US financial services firm Cantor Fitzgerald launched a fund product mixing gold and Bitcoin in a 1:1 ratio on the 30th. The fund is designed to provide hedging functions against price drops for gold and Bitcoin and is scheduled to be sold to institutional investors.
Reporter Kwon Seung-won ksw@blockstreet.co.kr
