Crypto weekly is authored by maaria

PRICE CHANGE: WTD/YTD
- BTC ($6,780): -12% / -49%
- ETH ($530): -14% / -27%
- LTC ($106): -15% / -52%
- XRP ($0.58): -12% / -70%

TOP 5 DAPPS BY DAILY ACTIVE USERS
- Dapps (decentralized applications) are still relatively new, but they continue to be built on promises of no downtime, censorship, or third-party interference – an alternative to centralized and censorable applications available today. Coindesk recently analyzed the top 5 dApps by daily active users. These dApps are built on Ethereum, and while they all have their own native tokens, the native tokens are not required to use the platforms. With the exception of CryptoKitties, the most used dApps are used for trading Ethereum and ethereum-based tokens. See summary of list below.

1. Idex: decentralized exchange offering trading in ether and ERC20 tokens. 6,479 DAUs.
2. ForkDelta: decentralized exchange offering trading in ether and ERC20 tokens. 2,221 DAUs.
3. Bancor: market maker that allows users to exchange ether and ERC20 tokens (unlike Idea and ForkDelta which are exchanges, Bancor uses smart contracts to enable trades). 560 DAUs.
4. CryptoKitties: platform for users to collect, trade and breed unique, non-replicable cats. Ultimately the protocol could be used to tokenize real-world assets such as art and real estate. 408 DAUs.
5. LocalEthereum: facilitates trades of ether between individuals using an escrow smart contract. 236 DAUs.

THIS WEEK IN CRYPTO
- Bitcoin tumbled 12 percent Sunday as South Korean cryptocurrency exchange Coinrail said there was a ‘cyber intrusion’ in its system, and that it had lost more than $40 million in altcoins. The exchange trades more than 50 different cryptocurrencies and has shifted 70 percent of its holdings to cold storage in the interim. Link.

- Crypto markets fell on Sunday as the US Commodity Futures Trading Commission demanded extensive trading data from several cryptocurrency exchanges. Regulators requested data in order to investigate whether manipulation might be compromising prices in digital currencies market. The probe followed the launch of BTC futures by CME Group in December, which formed its BTC futures prices based on data from four exchanges: BitStamp, Coinbase, itBit, and Kraken, where manipulative trading could have distorted value of BTC futures. Link.

- Ripple is hit with another class action lawsuit alleging that the XRP token is a security controlled by Ripple. The suit names Ripple Labs, XRP II (the company’s licensed money services business), CEO Brad Garlinghouse, and 25 anonymous persons as defendants. This is the second class action lawsuit facing the company since May. Link.

- MasterCard furthers its arsenal of blockchain-related patents with a new patent application to essentially put credit cards on a public blockchain. The patent application would integrate with point-of-sale devices. In addition, MasterCard also revealed a patent application to build a blockchain to allow consumers to broadcast their travel itineraries and reservation requests to merchants – because the broadcasted information will be visible to the public, merchants have the chance to bid for potential customers over the blockchain, potentially changing the existing model of hotel and air ticket aggregators. Link.

- The SEC appoints a new designated crypto advisor to spearhead the application of securities laws across cryptocurrencies and ICOs. This is the latest sign of the resources that the SEC is pouring into the cryptocurrency space, despite a lack of any specific regulatory framework. Link.

- Coinbase acquires securities dealer Keystone Capital, a California-based FINRA registered broker-dealer, thet can operate a sa registered investment and alternative trading system. Coinbase said the move sets it on a path to “offer future services that include crypto securities trading, margin and over-the-counter trading”. Link.

- Ant Financial, the payment affiliate of Chinese internet giant Alibaba, raised $14 billion in a Series C round funding, which will be used to further develop new technologies such as blockchain. As China has continued its crackdown on perceived risks to the financial system, Ant Financial is shifting its business focus away from consumer financial services to tech development, of which blockchain is the main focus. Link.

- Circle Internet is seeking a federal banking license to provide more services to customers. It also intends to pursue registration as a brokerage and trading venue with the SEC, so it can help investors buy and sell tokens deemed to be securities. Backed by Goldman Sachs, Circle most recently raised $110 million Series E funding that valued the company at roughly $3 billion. Link.

- The EOS blockchain launched June 9 as a result of a live-streamed vote that took place earlier this week. EOS, created by blockchain software developer Block.one, is expected to compete directly with Ethereum as the protocol for building decentralized applications. The protocol raised a record $4 billion over the last year to become the largest ICO in history. Link.

- Chinese search giant Baidu is launching an active blockchain game, called SuperChain. The game depicts a blockchain-powered space journey where users receive ‘elements’ to build their own planet, similar to token rewards generated by blockchains today. The elements will initially be available through airdrops. Ultimately, the goal of the game is to allow users to experience features that could arise from cryptocurrency-like assets, besides simply being traded. Link.

- Republic, a crowd equity platform that helps ICO issuers manage token sales that was spun out of AngelList, raises $12 million in commitments for a token presale. Investors like Binance Labs, NEO Global Capital, and Passport Capital purchased both the new crypto token and equity in the company. The token is meant to incentivize users to take an active interest in their investments, by allowing Republic to provide access to ICO deals and offer revenue shares as the company grows. Link.

- Retired basketball star Dennis Rodman heads to Singapore for the upcoming summit between US President Donald Trump and North Korean dictator Kim Jong-un, with sponsorship from Potcoin, the marijuana-themed cryptocurrency he has promoted in the past. Link.

- Huobi, the world’s third largest crypto exchange by trade volume, has created a new digital currency trading marketplace in the US. The news was announced via a Medium post on June 5, with official trading set to launch June 15. Since then, the Medium post has been deleted and it’s unclear if the company is continuing with the launch. Link.

- The feared 51 percent attack on cryptocurrencies has become more frequent, as at least five cryptocurrencies have recently been hit with the attack. In each case, attackers amass enough computing power to compromise these smaller networks, rearrange their transactions, and withdraw millions of dollars. Monacoin, bitcoin gold, zen cash, verge and lite coin cash have all been affected. Link.

- The Canadian government has released an official draft of new regulations on crypto exchanges and payment processors, which will treat them as money service businesses and require them to report large transactions over $10,000 CAD ($7,700 USD) and a new KYC threshold set at transactions of $1,000 CAD ($770 USD). Link.