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
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
Digital Asset Will Start Global Blockchain Network With Deloitte, Goldman Sachs and Others
Financial technology company Digital Asset has announced it will be launching a privacy-enabled interoperable blockchain network designed for institutional assets to provide a decentralized infrastructure, it announced Tuesday.Source
Crypto Trader Pays $120K in Fees to Buy $156K of Meme Coin Four
The move worked out in the end as the entity is sitting on a fat profit of several hundred thousand.Source
FTX’s Sam Bankman-Fried Moves to Dismiss Most Criminal Charges Against Him
FTX founder Sam Bankman-Fried filed pretrial motions to dismiss a majority of the charges he faces on various grounds late Monday.Source
Crypto Options Liquidity Provider OrBit Markets Offers Bitcoin and Gold-Hybrid Derivative
The company said the product’s finalized payoff depends on the joint performance of both BTC and its gold-backed token XAUT.Source
First Mover Asia: Binance Congestion Chaos Weighs Heavy on Bitcoin
ALSO: A crypto market analyst calls bitcoin’s travails of the past two days “growing pains,” and says the largest crypto by market cap “will be fine in the long run.”Source