Bitrue Bulletin | 5.6.2023–11.6.2023 | | by Bitrue | Jun, 2023

| 5.6.2023–11.6.2023 |

Stablecoin TrueUSD Loses Peg — TrueUSD (TUSD), a prominent stablecoin in the market, recently deviated from its peg to the US Dollar. This unexpected development has created uncertainty in the crypto market, as stablecoins like TUSD have traditionally played a crucial role in facilitating cryptocurrency trades due to their stability. The sudden dip in TUSD’s value has raised questions about the stability of stablecoins and their impact on the overall crypto ecosystem.

Cryptos Named Securities in SEC Lawsuits — The SEC has labeled several cryptocurrencies as securities in lawsuits against Binance and Coinbase. The tokens named as securities include Cosmos (ATOM), Binance Coin (BNB), Binance USD (BUSD), Chiliz (CHZ), Near (NEAR), Flow (FLOW), Internet Computer (ICP), Voyager Token (VGX), Dash (DASH), Nexo (NEXO), and more. If these tokens are classified as securities, they could face delisting from US exchanges and strict trading restrictions, posing significant challenges for developers and token holders.

Apple’s Potential Partnership with Render (RNDR) Crypto Token — During Apple’s recent keynote event, a product associated with the Render network (RNDR), which offers distributed GPU rendering on the blockchain, was mentioned. Speculations suggest a possible partnership between Apple and OTOY Inc., the company behind Render. The inclusion of Octane X, a GPU rendering feature developed by OTOY, in Apple’s presentation has fueled these speculations. However, no official announcement regarding a partnership was made during the event.