Market
Adoption
XRP market cap adds $2B following Ripple’s payment network expansion
Ripple is partnering with payments fintech company Onfariq to open routes connecting Africa and beyond.
Regulation
‘Keep Your Coins Act’ comes to US Senate amid push for crypto self-custody
If the act is passed, it would prohibit federal agencies from enacting rules against self-hosted wallets.
Stablecoins
Wintermute threatens lawsuit against Near Foundation over failed $11M stablecoin conversion
The CEO of Near Foundation reportedly said the stablecoins' origin were suspicious.
Investments
Grayscale’s Chainlink Trust shares is trading 200% higher than LINK’s spot price
The value of Grayscale's Chainlink Trust (GLNK) is three times higher than the underlying asset it holds.
Stablecoins
Circle eyes IPO as USDC market dominance dips to two-year low
USDC's market dominance has recently reached its lowest level since 2021.
Bankruptcy
FTX transfers $316 million in crypto, with Solana leading the outflows
The bankrupt exchange has moved around $187 million worth of Solana tokens.
Exchanges
Gemini to limit crypto transfers in the UK to TRUST companies
The exchange said its decision was tied to the Travel Rule regulations.
Layer-2
Kraken’s ambiguous response fuels speculation of layer-2 network development
The exchange said it is seeking new opportunities in the industry.
Exchanges
Investment firm involved in Celsius acquisition reportedly eyeing FTX
Proof Group is part of the Fahrenheit consortium that acquired the collapsed crypto lender, Celsius Network.
Stablecoins
BUSD supply drops below $2B following regulatory controversies
Curve's BUSD V2 pool shows that crypto traders now prefer other stablecoins.
Stablecoins
Bank of England, Financial Conduct Authority seek public input on stablecoin regulation
The authorities' proposal is intended to ensure the safety of UK consumers and businesses participating in stablecoins transactions.
Investments
Crypto product inflows in 2023 surpass last year’s total by over $30 million
Crypto investment products have seen its sixth consecutive week of inflow of $261 million.