TOP 10 CRYPTO NEWS OF THE DAY:

• Shiba Inu's Layer-2 Protocol Shibarium Relaunch Reaches 50,000 Wallets, Spurs BONE Rally

• PEPE team members sold $16 million in tokens without notice.

• IRS targets decentralized exchanges and NFTs with proposed tax regulations.

• Robinhood accumulated $3 billion in Bitcoin in 3 months.

• Mysterious Bitcoin Whale Abruptly Moves Over $134,000,000 in BTC

• Visa and Mastercard distancing from Binance won’t likely harm the exchange.

• DWF Labs invests in the popular Artificial Intelligence altcoin $FET.

• In May, DEA falls for crypto scam, loses $50,000 in USDT.

• HashKey to Initiate Bitcoin and Ethereum Retail Trading in Hong Kong

• PayPal’s stablecoin PYUSD sees slow demand, per Nansen.

• Binance removes five Russian lenders from its platform due to scrutiny.