Author: Cointelegraph by Vince Quill

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Former Binance CEO 'CZ' owns 64% of BNB circulating supply — Report

Forbes estimates Zhao’s net worth at a staggering $61 billion—ranking the former CEO as the world’s 24th richest person. Source link

Nigerian officials drop some charges against detained Binance exec

The next court dates in Tigran Gambaryan’s case are scheduled for June 19–20, according to a family spokesperson. Source link

BREAKING: Terraform to pay $4.47B to resolve SEC civil lawsuit

The settlement would resolve a civil lawsuit filed by the Securities and Exchange Commission following Terraform’s collapse in 2022. Source link

Bitcoin network transaction fees temporarily soar to nearly $52

The network is currently experiencing temporary congestion due to over 300,000 unconfirmed transactions waiting to be processed on Friday morning. Source link

Core Scientific declines unsolicited Coreweave buyout bid

The unsolicited buyout bid followed a series of long-term business contracts in which Core Scientific would provide infrastructure for Coreweave. Source link

'Stand with Crypto' PAC hits 1 million advocates

The Stand With Crypto political action committee claims that nearly nine in 10 Americans believe the financial system needs an overhaul. Source link

Franklin Templeton CEO says Bitcoin investment still in early phase

CEO Jenny Johnson believes institutions will deploy a second wave into Bitcoin funds and attract the truly big players. Source link

Fidelity exec says most investors should have some Bitcoin allocation

The head of digital asset strategies at Fidelity Bank explained that most investors should have positions in Bitcoin regardless of their market thesis. Source link

Crypto fund inflows hit $2B in May led by BTC — CoinShares

Weekly inflows into crypto funds totaled $185 million for the last week in May, with monthly investment fund inflows reaching $2 billion. Source link

Senator Lummis sends letter to Biden urging no veto for SAB 121 repeal

The Senator pointed to the troubling manner in which the Securities and Exchange Commission issued its controversial staff accounting bulletin. Source link