According to court documents released this week, Binance CEO Zhao Changpeng obtained a $250 million loan from BAM Management US Holdings and then transferred it to BAM Trading. Binance.US legal team responded in the documents that BAM Management US Holdings issued $250 million convertible notes to Zhao in December.

Binance.US, the US-based branch of the cryptocurrency exchange, has reportedly laid off approximately one-third of its workforce, or 100 employees, and its CEO Brian Shroder has also left the company. According to a Binance.US spokesperson cited by Bloomberg on September 13, Shroder was temporarily replaced by Chief Legal Officer Norman Reed.

Core Scientific, a publicly traded Bitcoin miner, has appointed Adam Sullivan as its new CEO. Sullivan, who previously served as the company's president, has over a decade of experience in digital assets and infrastructure. The change in leadership comes amid Core Scientific's restructuring process, which began after the company filed for Chapter 11 bankruptcy protection in December 2022. Despite this, the company has seen a boost in liquidity due to higher Bitcoin prices and reduced energy costs, and is expected to exit proceedings by September.

Binance CEO Changpeng Zhao (CZ) has criticized recent news reports claiming that former Binance.US CEO Brian Brooks was voted out by the Binance board. CZ called the quality of research, validation, and logical thinking in the reports "appalling," stating that a single vote holding out of three would not be enough to stop anything if it was a board vote.

Binance CEO Changpeng Zhao reportedly tried to shut down the company's U.S. exchange earlier this year to protect the global exchange from increasing regulatory scrutiny. The Binance.US board of directors, chaired by Zhao, voted on whether to liquidate the $4.5 billion-valued U.S. exchange, but failed to achieve unanimous support.

According to Jinshi reports, Binance CEO Changpeng Zhao (CZ) said that Binance will start providing full services on the new platform in Japan in August.

Coinbase CEO Brian Armstrong is reportedly scheduled to meet with a group of centrist House Democrats to discuss digital-asset legislation, tax, national security, privacy, and climate. The meeting will be held behind closed doors on Wednesday morning. Armstrong has been an outspoken critic of the SEC and has pushed for clearer crypto rules in Washington. The crypto industry has recently attacked SEC Chair Gary Gensler after the agency sued Coinbase and Binance for allegedly breaking securities laws.

Brad Garlinghouse, CEO of Ripple, believes that the recent ruling by Judge Torres in the legal battle between Ripple and the US SEC could have a positive impact on the entire crypto industry. He hopes that the ruling will serve as a wake-up call to US Congress for upcoming regulations.

Binance CEO CZ recently shared his thoughts on how to build strong and tight-knit teams. Contrary to popular belief, he believes that the secret is not fancy team building events or coaching exercises, but rather external pressure. CZ argues that fighting in the trenches together builds reliance, alliance, resilience, and trust between team members.

Binance CEO Changpeng "CZ" Zhao has stated that the recent departures of key executive personnel from the company are part of normal staff turnover. CZ tweeted that the reasons given by the news are completely wrong, and that turnover occurs in every company as markets and the global environment for crypto change.

During a Twitter Spaces session, Binance CEO Changpeng Zhao expressed his enthusiasm for the entrance of large players like BlackRock into the cryptocurrency space, stating that it would offer more coverage and serve a clientele that is currently underserved. He also noted that many of these institutions are not comfortable using pure crypto platforms and may prefer existing relationships with legacy firms.

Binance CEO Changpeng Zhao (CZ) has stated that he is a strong supporter of Bitcoin (BTC) despite the company's focus on developing other cryptocurrencies and blockchains. CZ also addressed concerns about the decentralization of Binance's blockchains, stating that the company prefers to let its child networks remain independent.

June 26 (Cointime) -The CEO of Bitwise, the world’s largest crypto index fund manager, says that a multi-year Bitcoin bull market starting now.

June 24 (Cointime) - Julia Leung Fung-yee, CEO of Hong Kong's Securities and Futures Commission (SFC), spoke about the importance of crypto trading in the virtual asset ecosystem and the need to incorporate virtual asset providers into the regulatory system to strengthen market trust. The new licensing system for virtual asset providers will ensure investor protection while considering the risks faced by financial institutions. Hong Kong used the FTX collapse to reduce regulatory risks associated with centralized exchanges and introduced strict AML guidelines and investor protection laws for virtual exchanges. Hong Kong's cryptocurrency licensing system is an example of China's "one country, two systems" policy, promoting a welcoming environment for crypto business, with over 150 Web3 firms establishing operations in Hong Kong's Cyberport over the past year.

June 21 (Cointime) - Diego Oliva, a former Facebook executive, has been appointed as the first CEO of the Starknet Foundation, which oversees the widely used Layer 2 scaling network for Ethereum.

June 19 (Cointime) -South Korean cryptocurrency exchange Gopax has appointed vice president Lee Joong-hoon as its new CEO, replacing the current CEO who is about to resign. Gopax was one of the companies that was acquired by Binance in an attempt to address the lack of funds following the FTX incident. The reason for the change of the CEO is to smooth the declaration of the change of the virtual currency business operator, and no other reasons were disclosed.

June 19 (Cointime) - Terraform Labs CEO, Do Kwon, has claimed in a Montenegro court that he was unaware the travel documents he was allegedly caught with were fake and blamed a "Chinese-named agency." Kwon stated that he received his reportedly forged travel documents, including a Costa Rica passport, through "agencies" recommended by friends.

June 18 (Cointime) - Ripple CEO Brad Garlinghouse has expressed concerns that the company's legal battle with the SEC could have wider implications for the cryptocurrency industry. Garlinghouse has called for clear regulatory guidelines, stating that the need for them is critical. He has also accused the SEC of purposely generating confusion around regulations and using it to enforce their authority. Garlinghouse believes that the SEC's actions could stifle innovation and the growth of the cryptocurrency industry in the US.

Changpeng Zhao, the CEO of Binance, has denied rumors on social media that the crypto exchange has been selling bitcoin. He stated on Twitter that Binance has not sold BTC or BNB and still holds a bag of FTT.

Coinbase CEO Brian Armstrong has stated that his crypto exchange will remain committed to the United States despite regulatory pressure. In an interview with the Wall Street Journal, Armstrong expressed confidence that the crypto industry will achieve the "right outcome" in its battle with regulators.