Buckle up, crypto warriors. This buidlbee team has once again taken you on an exciting journey through the insane world of cryptocurrency. Get prepared, because our latest newsletter is full of jaw-dropping, mind-blowing information that will leave you in suspense! Here's what we cover today:

In the crosshairs:

• What are the SEC's next targets for attack?

• 1UP: Are there safe assets that won't get crushed by the regulator?

• Quant (QNT) technical analysis: Will the token strengthen after breaking the resistance level?

• NFT quest from zkBridge and Galxe.

• “Omae wa mou shinderu”: What is DeFi's reaction to the regulator's attack?

Curious to know what groundbreaking developments rocked the crypto world in the last 24 hours? Here's the answer to your question:

• Arbitrum developers have fixed the network failure that occurred due to a bug. After a few hours of suspension, they successfully fixed the issue, ensuring smooth and secure operation of the platform.

• The SEC issued a civil subpoena to Binance CEO Changpeng Zhao, demanding that he serve the plaintiff with a response to the attached complaint or petition. You can find out how the CZ responded to this at the link.

• Pre-orders for Tradecurve tokens had already begun. For some reason, the asset has become a new favorite among SHIB and DOGE investors.

• Curve Finance has added support for wrapped staked ether (wstETH) into its DEX.

• A whale that has been asleep for 10 years transferred $37.8 million worth of bitcoins. The transaction fee was less than $30.

• LayerZero has announced a deployment on the Arbitrum Nova mainnet.

• South Korean authorities decide to jail Do Kwon for 40 years

Bitcoin's feature is the legality of the asset in the U.S.

Who's next?

Experts are discussing which exchange will be the next target for an SEC attack. The conclusion of most experts is that "the SEC is likely to sue Crypto.com."

The SEC has previously sued Coinbase and Binance for selling securities. In particular, naming well-known altcoins such as Solana, Cardano, Sandbox, Matic, CHZ, BNB, Mana, Algo, and others.

Crypto.com also sells ALL of these cryptocurrencies and is not going to delist them. Plus, they have launched their own $CRO security and also offer staking services (one of the charges against Coinbase). And most importantly, this is a U.S. exchange whose assets (as the example of Binance.US shows) can be frozen in a couple of hours.

This is information for all Crypto.com users to think about, or just for those who want to short $CRO for fun and profit (while waiting for new SEC attacks).

The DeFi Situation

Earlier, we looked at CEX exchanges that are already under investigation by the SEC (Binance, Coinbase), and we also predicted the next victim (Crypto.com). For a change, let's also take a look at a popular sector like DeFi.

As you can see from the chart, the TVL of DeFi projects running on blockchain tokens declared as securities by the SEC has remained stable. The decentralized DeFi world has done practically nothing to respond to threats from the regulator. On the contrary, it has only increased its growth and turnover.

Neon Community Sale

Today is the NEON token sale on CoinList, we wrote about this event earlier.

If you registered for the sale, check your mail, they should send invites to everyone. Do not miss this opportunity, the commercial potential of this event is very big. Sale starts today and ends on June 15, 2023.

💲 Ideas

[1] 🔔 Legally Safe Coins

According to the lawsuit against Coinbase, the SEC considers many well-known altcoins to be securities. Investing in these coins is quite dangerous; they are already officially illegal in the US. While many are ignoring the threat so far, there is very likely new FUD that will bring down these assets. But what are the alternatives?

Several experts have pointed out that PoW coins, such as Bitcoin, are not on the SEC's lists. The head of the SEC has also repeatedly confirmed that Bitcoin is not a security.

Clearly, PoW coins are a safe haven in the coming high-profile lawsuits in the U.S., which will still hit the rates of many altcoins. But how do you choose the most interesting PoW options?

Different selection methodologies for investments are possible; here is a list of all the PoW coins. For example, we give the rating of the yield of mining these assets; it is a reliable indirect metric about the real investment and, accordingly, the demand for these coins in the market.

Now Bitcoin, Litecoin, and Dogecoin are leading here; by the way, all named coins will experience halving this year or next year, which additionally makes you look closely at them.

[2] 🔔 Signs of the new QUANT (QNT) bullrun

Quant, an Ethereum token that is used to power Quant Network's Overledger brand of enterprise software solutions, broke the resistance level and now seems ready for another bull run. According to RLinda's technical analysis, the breakout was false, but that didn't stop the token from rising 20%.

The important thing is that the asset is on the positive side of Bitcoin's decline. Therefore, there is a possibility that if bulls start to dominate the market again, QNT might grow up to 160%.

[3] 🔔 Minting NFT = zkBridge points

The zkBridge project, which previously raised $25M in investments from BinanceLabs, Polychain, Animoca Brands, and other funds, has launched quests as part of its loyalty program. As part of one of them, members can get zkBridge points. Here's what you need to do to get it.

⚡What to do?

• Mint is here;

• Click zkBridge NFT;

• In the second step, choose any network (e.g., Arbitrum Nova);

• Confirm transactions and transfer NFT to another network;

• The retweet task is here;

• Wait for them to update the lists and brandish the points.

You can claim your zkLightClient NFT before the 1 July, 2023.

Keep in mind that in the world of cryptocurrency, knowledge and awareness are essential. Stay on top of the latest trends and analyze the market wisely. Thank you for being with us on this journey through the waves of crypto. We wish you successful but carefully considered transactions. See you soon!

🔥 Attention!

You have received this mail because you have subscribed to a newsletter at buidlbee. Please make sure you have seen and understood our disclaimer before reading. You may always unsubscribe from our mailing list by clicking on Unsubscribe. If you received this in error, please contact buidlbee, delete this email and any attachments immediately.