π #BUSD 0xscope: The last BUSD minting transaction was on February 4 twitter.com
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β οΈπΏ #BNB #BUSD NYS DFS orders Paxos to stop issuing new BUSD tokens
π¦πͺπ UAE ββCentral Bank to issue CBDC as part of its financial transformation program
#CBDC #regulation
cointelegraph
#CBDC #regulation
cointelegraph
π³ Keith #MATIC translated 4.3M MATIC ($5.25M) on Binance ~ 15 minutes ago. He/she last transferred MATIC to Binance on April 27, 2022. The whale still has about 114 million MATICs ($138 million). And all MATICs were from the Polygon Foundation.
πΏπ #BUSD Curve data shows that in the busdv2 pool, BUSD accounts for 80.61%, among other stablecoins, DAI accounts for 7.61%, USDC accounts for 8.30%, USDT accounts for 3.46%.
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π Wall Street Journal: Paxos stablecoin issuer faces US Securities and Exchange Commission lawsuit over BUSD wsj.com
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π #USDT accounts for almost 14% of 3pool's TVL in Curve with a TVL of $537 million, the lowest since April 2022. Users convert their stablecoins to USDT.
π£ cz_binance: We have been informed by Paxos that the New York City Department of Financial Services (NYDFS) has ordered them to stop issuing new BUSD.
Binance will continue to support BUSD for the foreseeable future. We foresee that over time, users will switch to other stablecoins. As a result, the market capitalization of BUSD will only decrease over time. We are looking into other stablecoins as well as non-USD stablecoins.
Twitter
Binance will continue to support BUSD for the foreseeable future. We foresee that over time, users will switch to other stablecoins. As a result, the market capitalization of BUSD will only decrease over time. We are looking into other stablecoins as well as non-USD stablecoins.
π€ CryptoAttack π¬π§
πͺπΊπ EU legislators will vote for tougher crypto rules and ESG rules for banks. Banks will have to set aside a penalty amount of capital to cover holdings of crypto assets under the bill. reuters.com
πͺπΊπΉ Restrictive crypto rules for EU banks confirmed in published bill. #regulation
coindesk
coindesk
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π Report CoinShares on financial flows in crypto for the last week: Digital asset investment products posted inflows totaling $76M last week, the 4th consecutive week of inflows, with YTD inflows now at $230M, signaling a decisive change in investor sentimentβ¦
π Report CoinShares on financial flows in crypto for the last week:
Last week, digital asset investment products saw a slight outflow totaling $7 million after a week of macroeconomic data that was well above expectations to the upside.
#BTC outflow was $10.9 million, although there was also an outflow of funds from BTC short products totaling $3.5 million.
Ethereum with $5.1 million inflow last week. Cosmos received $1.8M inflow
Last week, digital asset investment products saw a slight outflow totaling $7 million after a week of macroeconomic data that was well above expectations to the upside.
#BTC outflow was $10.9 million, although there was also an outflow of funds from BTC short products totaling $3.5 million.
Ethereum with $5.1 million inflow last week. Cosmos received $1.8M inflow
π₯³ππ° #BTC Singapore's largest bank, DBS, will apply for a license in Hong Kong to run crypto services - Bloomberg