CZ Denies Rumors of Selling Bitcoin to Bolster BNB 💀

Gm Degens,
Welcome back to No Rug News. If you are just joining us, we appreciate your presence as a new member of this Web 3 community.

Follow us on Twitter for giveaways & exclusive whitelists!

Without further ado, let's get right into it…

Coming Up

• Binance CEO Changpeng Zhao denies rumors of selling Bitcoin to bolster BNB

• Bitcoin dips below $25K for the first time in 3 months

• PUMA steps into the future with Black Station 2 launch

Top Stories

• Brazil authorizes its central bank to regulate crypto (cryptonews)

• ‘Just Shockey’ Wins Gala Music Competition, Duets with Jordin Sparks (nftlately)

• Takashi Murakami’s NFT artworks enthrall visitors at Gagosian Gallery (nftnews)

• Voyager app set to reopen for customer withdrawals as soon as June 20 (cointelegraph)

• Glass Protocol Returns to Ethereum Following Solana Transition (nftlately)

• The Rocky Horror Show marks its golden anniversary on the blockchain (nftnews)

• Adidas announces collaboration with NFT artist Fewocious (cryptonews)

• OpenSea Seaport v1.5 upgrade delists NFTs, promises free re-listing (nftnews)

• OKX Releases Exclusive Manchester City Limited Edition NFT Collection (nftlately)

• South Korean Bitcoin lending platform Delio pauses withdrawals (cointelegraph)

• EU firms up plans for introduction of digital euro (cryptonews)

• Upland and Nowhere announce partnership to create Metaverse ‘Cafes’ (nftnews)

• Binance applies to deregister in Cyprus, says focus is on ‘larger markets’ (cointelegraph)

• Snoop Dogg announces NFT Passports for his upcoming Tour (nftnews)

• Santo Spirit Tequila Launches NFT Rewards Program (nftevening)

Here is What’s Trending

Changpeng Zhao denies rumors of Selling Bitcoin to Boost BNB Price

Binance CEO, Changpeng Zhao, popularly known as CZ, has denied claims made by enthusiast that Binance has been secretly manipulating the crypto market with the intention of boosting the ecosystem’s native cryptocurrency, BNB.

Here is what we know about the story:

• Several market observers, including analyst Dylan LeClair and Swan Bitcoin CEO Cory Klippsten, have spread the rumors, charging Binance with purposeful market manipulation to artificially increase the value of BNB.

• CZ claimed in a tweet on June 13 that Binance had not sold any of its or BNB and that the cryptocurrency exchange still possessed the native FTX Token FTT, which was used by the now-insolvent FTX exchange.

• CZ labeled the news as FUD as the proposers had no way of proving who is responsible for the massive BTC sell off in such a large market traded by millions around the world.

• Consorti said that for the alleged "FUD" to stop, Binance must provide an audited report demonstrating that the exchange has no BNB-collateralized obligations.

• This alleged FUD comes in response to a current lawsuit filed against Binance US by the US Securities and Exchange Commission on June 5.

Bitcoin Dips Below $25K for the First Time in 3 Months

Following a hawkish Fed decision in the midst of yet another difficult week for the cryptocurrency market, BTC dropped below the $25,000 threshold for the first time since March 17.

Here is what we know about the story:

• BTC was trading around the $26k price at the time the announcement was made.

• The hawkish sentiment caused panic in the markets causing a bearish move that raided the lows of $25k that had not been seen since March 17.

• Moreover, the crypto community has seen a lot of negative news as the US SEC raids centralized cryptocurrency entities including exchanges such as Binance and Coinbase.

• The bears are still in control of the market despite the effort made by bulls to bring the current price of BTC above $25k at the time of this publication.

PUMA Steps Into the Future with Black Station 2 Launch

The well-known sports brand ,PUMA, has introduced Black Station 2, a ground-breaking metaverse platform that is changing the digital ecology.

Here is what we know about the story:

• Users can pick up cutting-edge "phygital" footwear through this realistic digital retail experience that perfectly blends the physical and digital worlds.

• Black Station 2 expands on the success of its inaugural introduction during New York Fashion Week by providing two distinctive and engaging virtual worlds where cutting-edge footwear concepts come to life.

• The footwear in the collection is infused with the brilliant colors and energizing components seen on Shibuya's streets in Japan.

• The second world, Unter, incorporates design cues from the bustling club scene of the city to perfectly reflect the atmosphere of Berlin's subterranean club culture.

• The PUMA community has the option to explore and discover new places within these immersive environments, and they also get unique access to a variety of never-before-seen physical footwear.

NFT Spotlight: Alessandro Pautasso (Kaneda99)

Graphic designer and artist Alessandro Pautasso, nicknamed Kaneda, was born in 1982. His field of expertise is digital art and mixed media.

He started painting when he was young, and it was when Alessandro came across an Alan Aldridge Beatles artwork book that he decided he wanted to pursue a career as an illustrator/designer.

Alessandro Pautasso began working in the area of commercial art because he was drawn to the visual arts and concurrently concentrated on what is known as "digital art."

Pautasso’s art has appeared on the covers of several periodicals, CDs, and books making him appear among the top most promising NFT artists in the quickly flourishing space.

Essential Links: Twitter, Instagram

Meme Drop

🤣🤣💔

Read our Previous News Letter

• Will AI Destroy Humanity? 😳

• EU Passes World's First Regulatory Framework for Cryptocurrency ⚖️

• 🚨 Red Alert: 76 Cryptocurrencies Are Now Illegal! 😱