Stablecoin Issuer Lybra Finance Nears $100M in TVL

Lybra Finance was launched last month and uses liquid staking derivatives to offer an interesting-bearing stablecoin.Source

Gulf Binance Clinches Thai Regulatory Approval

The joint venture between Gulf Innova and Binance aims to offer crypto services in the country starting later this year.Source

Avalanche’s AVAX Token Remains Flat Ahead of its $130 Million Token Unlock

More than 9.3 million tokens will be unlocked Sunday, representing 1.2% of AXAX’s total supply.Source

Stablecoins Are the ‘Glue’ Between the Real Economy and Blockchain: Binance Japan General Manager

Tsuyoshi Chino added that Binance J.apan may be still “a long way off” its business and activities being properly understood in gaining regulatory acceptanceSource

First Mover Americas: Digital Currency Group Is Closing Down TradeBlock

The latest price moves in bitcoin (BTC) and crypto markets in context for May 26, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.Source

Coinmint Sues California Chipmaker for $23M, Alleging ‘Elaborate Deception’

The mining firm, which has been embroiled in several legal battles, describes an elaborate fraud scheme for a $150 million contract.Source

F1 Ticket Provider Platinum Group Introduces NFT Tickets for Global Racing Event

The NFTs, debuting this weekend at the Monaco Grand Prix, offer collectors access to the race as well as a host of loyalty benefits.Source

Crypto Exchange Coinone’s Former Exec Acknowledges Bribery Charges in South Korea: Report

A lawyer for the accused reportedly said he admits “the facts of the prosecution,” during a May 25 trial hearing.Source

EU Investment Firms Should Clearly State Crypto Is Unregulated, Watchdog Says

Companies that market crypto alongside traditional securities might mislead consumers about access to fair advice and compensation, the European Securities and Markets Authority worries.Source

Ether Balance on Exchanges Nears All-Time Low

Drop comes as the number of staked ether has surged.Source