Trading
Regulation
New York lawmaker introduces bill to support stablecoin payment for bails
If the bill is passed, fiat-backed stablecoins like Tether's USDT could be used within the state to make bill bonds payment.
Analysis
Crypto exchanges spot trading volume declines in April; Binance takes major hit
Spot trading activities on Binance dropped by 48% to pre-FTX collapse levels of $287 billion, according to CCData.
Featured
Former SEC official calls for US ban on Tether, calls it a ‘mammoth house of cards’
Former SEC official John Reed Stark said Tether has no legal framework guiding its operations in the United States.
Stablecoins
Tether attestation shows $1.5B worth of Bitcoin in reserves
Tether reported a net profit of $1.48 billion, adding that its excess reserves reached an all-time high of $2.44 billion.
Bankruptcy
Binance moves bankrupt Voyager, FTX tokens to innovation zone
Binance CEO Changpeng 'CZ' Zhao explained that the exchange moved those tokens to its innovation zone instead of delisting them.
Crypto
CryptoSlate wMarket Update: Bitcoin trades flat in mute market performance
The wMarket Update condenses the most important price movements in the crypto markets over the reporting period, published 07:45 ET on weekdays.
Featured
Crypto community rallies against VC who described XRP as security
Ripple (XRP) CEO Brad Garlinghouse said the United States has no framework for registering digital assets.
Exchanges
Bitcoin premium on Binance.US is symptom of illiquid market: Kaiko
Kaiko data showed that Bitcoin was trading at a 2.5% premium on Binance.US compared to other U.S.-based exchanges.
Exchanges
Binance’s NFT marketplace to support Bitcoin Ordinals
The total number of Bitcoin NFTs spiked above 5 million earlier today after a recent surge in activity, according to Dune analytics data.
Technology
Microsoft, Goldman, others partner for privacy-enabled blockchain Canton Network
Canton Network would launch in July when the network participants would test its interoperability capabilities.
Bankruptcy
OKX sends over $60M in crypto to Alameda’s wallet
Crypto exchange OKX made 16 transactions — which included 10 deposits of $5 million USDT — to the bankrupt firm’s wallet.
Technology
DeBridge launch trading infrastructure product without liquidity pool
DeBridge's DLN API is asset-agnostic, meaning users can send any crypto asset across the trading infrastructure.
