Market
Crypto
CryptoSlate wMarket update: Bitcoin reclaims $27,000 amid flat market
The wMarket Update condenses the most important price movements in the crypto markets over the reporting period, published 07:45 ET on weekdays.
Adoption
Hong Kong will not allow retail customers to trade stablecoins
Hong Kong's securities watchdog warns that licensed platforms cannot provide interest-bearing or lending services to customers.
Exchanges
Kava, Waves pump as South Korean exchanges resume deposits
Waves founder Aleksandr 'Sasha' Ivanov praised the exchanges, adding that "reason has prevailed."
Stablecoins
Stablecoin exchange balance drops below $20B
CryptoSlate Insight reports that exchange liquidity for stablecoins like USDT and USDC are now at lows not seen since early 2021.
Stablecoins
Strike integrates Tether’s USDT for payments
Tether's CTO Paolo Ardoino said the move signifies the growing acceptance of stablecoins as a reliable digital payment solution.
Bankruptcy
Genesis seeks 100-day extension for recovery plan as DCG misses $630M payment
Gemini said it was ready to work with Genesis to advance a restructuring plan without DCG's participation.
Exchanges
Hotbit shuts down as cyber attacks, crypto crises weaken its operations
Hotbit said centralized exchanges have to either embrace regulation or become more decentralized to succeed.
Exchanges
Huobi ordered to cease operations by Malaysian regulators
Malaysia's Securities Commission advised Huobi users in the country to withdraw their assets from the platform immediately.
Featured
Cardano’s Hoskinson calls Ethereum Classic ‘scam’ after Ergo’s exclusion from Proof-of-Work Summit
Cardano founder Charles Hoskinson said Ergo is what Ethereum Classic should have been because it "continues to innovate [and] has a purpose."
Hacks
Crypto Scammers dupe over 14,000 people to make $6.4M from ‘fake token claims’
Aegis Web3 reported that the most profitable phishing scammer gained 1024 ETH from 1,714 victims in nine months.
Legal
Paradigm argues against New York’s attorney general classification of Ethereum as securities
Crypto investment firm Paradigm argued that Ethereum tokens cannot be classified as securities because they are "just software."
Regulation
US lawmaker introduces bill to clarify digital assets classification
Congressman Emmer said the new bill provides market certainty for innovators and clear jurisdictional boundaries for regulators.