Crypto Industry Asks UK to Think Globally as Government Closes Consultation on Proposed Rules

The U.K. opened its plans for regulating the crypto sector for public comment back in February.Source

Crypto Whales Accumulate Millions in Pepecoin as Trading Volume Shifts to Binance

Larger market participants are buying up the meme coin even as prices dunk, suggesting another leg up might be on the cards soon.Source

First Mover Asia: Bitcoin Ticks Up as Congestion Wanes and Investors Ponder the Next Price Spur

ALSO: SAM Bankman-Fried’s motion to dismiss most charges against him raises questions about the reach of the Commodities Exchange Act.Source

U.S. Authorities Extradite UK Citizen Behind 2020 Twitter Hack, SIM Swap Crypto Theft

Twenty-three-year-old Joseph O’Connor, known by his handle PlugWalkJoe, was arrested in Spain in 2021.Source

Bitcoin Moves Sideways at $27.5K as Investors Await CPI Inflation Reading

Equities slid. Investors will be watching Wednesday’s release of the April Consumer Price Index for clues about the Federal Reserve’s next monetary policy decision.Source

Previewing Congress’s Joint Crypto Regulation Hearing

Over the past several weeks, Congress – particularly the House Financial Services Committee – has held a number of hearings on crypto and its role in the world. Even a hearing supposedly focused on overseeing the U.S. Securities and Exchange Commission instead mostly saw questions on crypto and climate issues. Tomorrow, we’ll see another hearing, held with the House Agriculture Committee, specifically discussing crypto regulation.Source

SEC Blasted on Custody Proposal by JPMorgan, Crypto Firms and a Fellow Agency

The U.S. Securities and Exchange Commission (SEC) went too far when it proposed a new rule demanding investment firms safeguard all of their clients’ assets – including crypto – with approved custodians, according to an array of critics not often in alignment. The proposal drew loud objections from organizations that aren’t always on the same side as the crypto industry – financial giant JPMorgan and the Small Business Administration (SBA) among them.Source

Bitcoin Trades at Nearly $650 Premium on Binance.US

The widening discrepancy between the bitcoin price on Binance’s U.S. arm and global counterparts has some observers worried about impending legal action directed at the unit.Source

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.Source

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.Source