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The events began to unfold on June 5, 2023, when the U.S. Securities and Exchange Commission (SEC) filed lawsuits against Binance.com, the world's largest crypto exchange, and Coinbase, the largest crypto exchange in the U.S. Though the lawsuits cover various categories of cryptocurrencies, and the SEC's specific allegations against the two companies differ in many respects, the underlying intent is clear. The SEC explicitly asserts that the business operations of both Coinbase and Binance fall under the category of securities market trading and should, therefore, be subject to SEC oversight.

A Comprehensive Analysis of the Solana Alpenglow Upgrade and the ICM Roadmap: An Examination of the Three Stages of the On-Chain AI Ecosystem, and How Performance, Decentralization, and Real-World Adoption Strategies Shape the Creation of a “Nasdaq on the Blockchain.”

Click to discover how Blockstream is enhancing Bitcoin’s functionalities, ensuring wider blockchain adoption.

Since its inception, VINE (Vine) has quickly gained prominence in the cryptocurrency market with its nostalgic sentiment and the influence of Musk. Just 3 hours after its launch, its market value exceeded 42 million US dollars, making it the focus of the market's attention. As a meme coin with a strong nostalgic appeal, it carries people's fond memories of the Vine short video platform and adds a unique touch to the cryptocurrency market.