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Cardano
ADA Falls After SEC Lists Token as Security in Lawsuits Against Binance and Coinbase
Cardano (ADA) fell 14% this week after it was listed as a security in the U.S. Securities and Exchange Commission's lawsuits against crypto exchanges Binance and Coinbase. This comes as Cardano development company IOG dismissed the SEC's claims in a blog post, saying the allegations have no impact on operations and that the filing quote contains numerous factual inaccuracies. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."

Robinhood Ends Support for Some Tokens Named in SEC Lawsuit as Securities
Robinhood (HOOD), the popular trading platform, will end support for Cardano (ADA), Polygon (MATIC) and Solana (SOL), tokens that were named as securities in recent SEC lawsuits against Binance and Coinbase. Separately, Binance.US says it's transitioning to an all-crypto exchange as of June 13, citing pressures from the SEC. The Hash" panel discusses how the crypto industry is impacted by the regulator's recent actions.

Cardano Developer Rejects SEC Claim Its ADA Token Is a Security
“Under no circumstances is ADA a security under U.S. securities laws,” IOG said in a release.

DeFi Unfazed by SEC's Classification of Tokens as Securities
These forces will likely only drive “more financial activity to DeFi,” one trader said.

BNB Drops to 6-Month Low as ADA, MATIC, SOL Lead Altcoin Tumble
Cryptocurrencies the SEC characterized as securities in recent lawsuits led the drop among altcoins, while BTC traded mostly flat.

Cardano DEX Minswap Sees Volume Jump Driven by SNEK, BANK Meme Coins
Volumes surged from just over $1 million at the start of May to $18 million on Tuesday, data from Minswap shows.

Cardano Scaling Node Hydra Head Goes Live on Blockchain's Mainnet
The tool, the first in a planned suite of products, aims to speed up transaction times on Cardano.

Polygon, Cardano and Solana NFT Sales Rise as Ethereum NFT Sales Slump
While Ethereum remains by far the most popular blockchain for minting NFTs, smaller blockchains have experienced interesting bumps in sales in recent weeks.

Wrapped Bitcoin Token Goes Live on Cardano Testnet
The anetaBTC project aims to attract bitcoin liquidity to the Cardano ecosystem.

Cardano Developer IOG Releases Lace Wallet, Boosting ADA Ecosystem
Users can stake ADA tokens directly from Lace to contribute to the security of the Cardano network and receive rewards for their participation.
