Stablecoins are a critical countermeasure to Operation Chokepoint

Stablecoins could help crypto firms to remove themselves from the banking system — and prevent the U.S. government from cutting off their financial lifelines.

Original source: Cointelegraph By Sarah Austin

Publish date: June 2, 2023

US debt ceiling, declining trust in banks send ETH staking to record highs

In the first week of the unstaking event, nearly a million ETH were withdrawn by validators. However, with the start of May, the number of staked ETH already surpassed the number of withdrawals.

Original source: Cointelegraph By Prashant Jha

Publish date: June 2, 2023

Binance market share chopped with the end of zero-fee BTC trading

Binance’s competitors are still far behind in terms of total market share but the company says it “welcomes and encourages competition” to encourage innovation in the industry.

Original source: Cointelegraph By Savannah Fortis

Publish date: June 2, 2023

CBDC 'may not be a compelling priority,' says Kenya's central bank

Kenya’s central bank received over 100 comments on a discussion paper on a digital shilling but pointed to "other innovative solutions" for payments.

Original source: Cointelegraph By Turner Wright

Publish date: June 2, 2023

Coinbase Derivatives Exchange set to roll out BTC and ETH futures

Coinbase announces BTC and ETH futures contracts for institutional investors, despite U.S. regulatory challenges as SEC emphasizes enforcement actions, not formal guidance, in crypto regulation.

Original source: Cointelegraph By Amaka Nwaokocha

Publish date: June 2, 2023

Crypto markets ‘lackadaisical’ as institutional buying slows — Novogratz

The Galaxy Digital CEO said there has been a recent lack of institutional interest in cryptocurrency buying, which has led to deflated enthusiasm in the markets.

Original source: Cointelegraph By Tom Mitchelhill

Publish date: June 2, 2023