Crypto News Daily – June 7, 2022

Last Updated on June 7, 2022

Hong Kong classifies NFTs as financial asset, mandates licensing:
https://cryptoslate.com/hong-kong-classifies-nfts-as-financial-asset-mandates-licensing/

Cronos Creates $100M Accelerator Program to Support DeFi, Web3 Projects:
https://blockworks.co/cronos-creates-100m-accelerator-program-to-support-defi-web3-projects/

Cybersecurity firm supports Bitcoin ‘mission,’ converts balance sheet to BTC:
https://cointelegraph.com/news/cybersecurity-firm-supports-bitcoin-mission-converts-balance-sheet-to-btc

The Sandbox Publisher Animoca Brands’ Reports $5B in Crypto, Cash Reserves:
https://decrypt.co/102201/the-sandbox-publisher-animoca-brands-reports-5b-crypto-cash-reserves

Solana Blockchain Tops $2 Billion All-Time NFT Sales Despite Market Slump:
https://bitcoinist.com/solana-tops-2b-all-time-nft-sales/

SEC legal action over BNB token prompts fears over which altcoin is next:
https://cryptoslate.com/sec-legal-action-over-bnb-token-prompts-fears-over-which-altcoin-is-next/

Leaked copy of US draft bill shows DeFi and DAOs under regulatory lens:
https://cointelegraph.com/news/leaked-copy-of-us-draft-bill-shows-defi-and-daos-under-regulatory-lens

New US bill looks to incorporate crypto into the traditional financial system:
https://cryptoslate.com/new-us-bill-looks-to-incorporate-crypto-into-the-traditional-financial-system/