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.
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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
π€ CryptoAttack π¬π§
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
π TOP 15 companies that increased their market capitalization in the last 30 days
π§― #USDP ~10 million USDP (Pax Dollar) was burned in the Paxos Treasury
π Bakkt is about to stop supporting consumer app in B2B Push
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ΠΡΠΈΠΏΡΠΎΠΡΠ°ΠΊΠ° 2.0π€
πββοΈ Bakkt ΡΠΎΠΎΠ±ΡΠ°Π΅Ρ ΠΎ Π²ΡΡΡΡΠΊΠ΅ Π² ΡΠ°Π·ΠΌΠ΅ΡΠ΅ 12,9 ΠΌΠ»Π½ Π΄ΠΎΠ»Π»Π°ΡΠΎΠ², ΡΠ±ΡΡΠΊΠ°Ρ
Π² ΡΠ°Π·ΠΌΠ΅ΡΠ΅ 1,5 ΠΌΠ»ΡΠ΄ Π΄ΠΎΠ»Π»Π°ΡΠΎΠ².
theblock.co
theblock.co
ππ $BUSD The number of exchange deposits (7d MA) just reached a monthly high of 21,524. The previous monthly high of 18.857 was on January 19, 2023.
#analysis @cryptoattackbot
#analysis @cryptoattackbot
π€ CryptoAttack π¬π§
πΏπ #BUSD continues to thrive
π KaikoD: BUSD-USDT Hourly Trading Volume Hits $500M After Paxos News Breaks
π€ Wirex has signed a long-term global partnership with Visa to expand its footprint in Asia Pacific and the UK. coindesk