Binance has launched a ten-week summer internship program, selecting 23 interns from over 8,000 applicants. The program aims to offer hands-on experience and training in the ever-evolving crypto space, with a goal of increasing adoption rates in Web 3 communities and projects.

The SEC has filed a lawsuit against Binance and Coinbase, accusing them of violating federal security laws. This has caused a drop in the value of cryptocurrencies and has left many token traders worried about future crypto regulations.

Binance has announced the launch of a new batch of Cloud Mining products for BTC mining, which will be available for subscription starting June 8.

The U.S. Securities and Exchange Commission (SEC) is asking a court to allow "alternative means" of serving documents on cryptocurrency exchange Binance and its CEO Changpeng Zhao, as the executive is "known for protecting his whereabouts." The SEC on Monday sued Binance and Zhao for violating securities laws and asked the District Court for the District of Columbia to allow it to serve any legal documents during the investigation leading to the legal case by sending copies of the documents to attorneys representing the parties. The move hits the heart of the struggling crypto industry, with the SEC's regulatory web now covering $120 billion in cryptocurrencies following the actions by Coinbase and Binance.

Binance CEO warns employees to be wary of private conversations as it could lead to court action and damage the company's reputation. Anything you say could, and will, show up in court (or on the internet), and this warning comes after the SEC sued Binance, citing chat records, alleging executives knowingly broke the law. Changpeng Zhao called it "outrageous" but said lawyers would handle the matter.

Binance CEO CZ issued a letter to all employees, emphasizing that the SEC’s use of employee chat records as evidence is absurd, and called on employees to seriously consider their career choices and not waste their lives on jobs they don’t like. At the same time, he said that Binance will still adhere to high ethical standards and protect the interests of users. In addition, CZ also shared a tweet about Binance Pay’s cooperation with Latin America and thanked users for their support in building the company.

Binance is facing allegations that it misled US lawmakers about its business dealings and relationship with its American unit. Senators Elizabeth Warren and Chris Van Hollen have asked the Justice Department to investigate whether Binance made false statements to Congress earlier this year.

Binance, a major cryptocurrency exchange, has experienced a massive outflow of funds worth $850 million in the last 24 hours and $2 billion in the last seven days, according to DefiLlama. This comes after the SEC filed a lawsuit against Binance, Binance US, and its CEO for alleged violations of US securities regulations.

The US Securities and Exchange Commission (SEC) has seen a significant increase in cryptocurrency-related enforcement actions in the six months following the collapse of FTX, according to an analysis of SEC announcements and news stories. The regulatory body took around six enforcement actions in the six months before FTX's demise, but this number rose to at least 17 in the six months after the exchange's bankruptcy.

According to a court filing released on Wednesday, an accountant for the US Securities and Exchange Commission claims that Binance, CEO Changpeng Zhao, and related entities moved "large amounts of money" from 2019 up to this year. Binance and its entities held numerous accounts with the now-failed Silvergate Bank and Signature Bank during that time, with large amounts of money flowing in and out of the accounts.