1️⃣ Capital inflows into crypto funds decreased to $185 million. The previous week, this figure exceeded $1 billion. This is according to the weekly report by CoinShares on crypto funds. The United States remains the leader among countries, with an inflow of $130 million.
2️⃣ The Dubai regulator has allowed trading of foreign crypto ETFs in the free economic zone.
The Dubai Financial Services Authority (DFSA) has made changes to the crypto regulatory regime, allowing the offering of shares in foreign crypto funds in the local market. Foreign issuers will be able to offer shares of funds based on cryptocurrencies recognized by the regulator, including Bitcoin, Ethereum, Litecoin, XRP, and Toncoin.
3️⃣ Binance will restrict access to certain stablecoins within the EU in accordance with MiCA.
The exchange will limit a number of services that may involve “unregulated stablecoins.” Copy trading services and participation in Launchpad and Launchpool programs will be unavailable to European Binance clients. Meanwhile, Binance also announced the delisting of WAVES, OMG, WNXM, and XEM tokens on June 17.
4️⃣ Uniswap Labs reported an increase in the monthly trading volume of Arbitrum.
According to data from Uniswap Labs, the trading volume of Arbitrum nearly doubled compared to the previous year. In May 2023, the trading volume was $6.8 billion, and in May 2024, it increased to $11.6 billion.
Additionally,
Dapper Labs has resolved a class-action lawsuit.
Dapper Labs, the company behind the FLOW blockchain and the NBA Top Shot Moments NFT collection, has agreed to pay $4 million to the affected parties. The class-action lawsuit against Dapper Labs, filed in 2021, claimed that the company violated securities laws. Source.
