Ether Staking Deposits Top Withdrawals for First Time Since Shapella Upgrade
The divergence comes amid a meme coin frenzy that has pushed up fees on the Ethereum blockchain.
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Binance’s NFT Marketplace Adds Support for Bitcoin NFTs
The leading cryptocurrency exchange will allow NFT collectors to purchase tokens on the Bitcoin network directly through their Binance accounts – bypassing the need to create a separate wallet for inscriptions.
Ripple’s Tussle Against SEC to Cost the Firm $200M, CEO Garlinghouse Says: Report
The U.S. puts politics ahead of policy, Brad Garlinghouse has said at the 2023 Dubai Fintech Summit.
First Mover Americas: PEPE Peaks After Binance Listing
The latest price moves in bitcoin (BTC) and crypto markets in context for May 4, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Block Demand Leads to Fee Spike as Bitcoin-Based Memecoins Flourish
Over 11,000 tokens have been issued and traded on the Bitcoin network, data shows.
Liechtenstein Plans to Accept Bitcoin for Payments to State, Prime Minister Says: Report
Under the plans, any crypto received will immediately be exchanged for Swiss francs, Prime Minister Daniel Risch told German news publication Handelsblatt.
Meme Coin Trading Volume Surges to Two-Year High, Signals Caution for Bitcoin Bulls
Speculative mania in meme coins has historically presaged bearish reversals in bitcoin.
South Korea Authorities Investigate Lawmaker Over Suspicious Crypto Transfers: Report
Democratic Party lawmaker Kim Nam-kuk had reportedly co-sponsored a bill seeking to defer taxation on crypto profits.
Crypto Options Exchange Deribit’s Ether Volatility Index Hits Record Low
Deribit’s forward-looking ether volatility index (ETH DVOL) hit lifetime lows over the weekend. Expectations for price turbulence appear underpriced considering the lingering macroeconomic uncertainties.
U.S. Justice Department Investigating Binance For Russia-Related Sanctions Violations: Bloomberg
The United States Justice Department’s national security division is conducting an inquiry into whether Binance allowed the violation of U.S. sanctions related to Russia’s invasion of Ukraine on its platform, according to a Bloomberg report.