The stablecoin market has been declining for 14 months, with a decrease in market capitalization to $130 billion in May, indicating a reduction in capital flowing through the digital asset space and posing a concern for cryptocurrency price recovery.
Bitpanda and Coinbase have partnered to integrate digital assets into European banks’ offerings, utilizing Bitpanda’s business-to-business infrastructure to establish direct connections with banks and fintech companies.
Co-founder of BTC-e, Alexander Vinnik, seeks release through a prisoner swap deal, hoping to be included in a trade agreement between Russia and the US in exchange for detained WSJ journalist Evan Gershkovich.
Shaquille O’Neal is being sued (again) for his promotion of cryptocurrency and Astrals Capital; these lawsuits claim that O’Neal’s promotion of these digital assets is fraudulent and/or misleading, and they have resulted in losses for the public.
Polygon co-founder Sandeep Nailwal believes that Web3 gaming will drive widespread cryptocurrency adoption, as he shared in a recent Reddit AMA session.
Bitcoin traders eagerly await the impact of economic indicators and government decisions on the cryptocurrency’s volatile market, as the confluence of impending events loom large.
During a Twitter space event where he announced his candidacy for U.S. president, Ron DeSantis, a potential leader of the Republican Party, expressed his support for cryptocurrency and criticized the current administration’s stance on Bitcoin, stating that their actions could lead to its demise in the near future.
The China Securities Regulatory Commission has approved the acquisition of China’s CBDC through digital yuan at financial service providers, marking a significant advancement for the country’s digital currency.
Hong Kong is lifting its ban on retail trading of cryptocurrencies, with revised regulations to take effect on June 1, 2023, as the Securities and Futures Commission allows authorized entities to offer services to retail investors with safeguards in place.
Bitcoin remained stable during Tuesday’s trading while stocks experienced a drop. The leading cryptocurrency was trading at around $27,200, representing a 1.1% increase over the past 24 hours. However, it has remained within a narrow range between $26,500 and $27,500 over the past two weeks. Investors are expressing concerns about regulatory issues in the cryptocurrency market and macroeconomic uncertainties such as the recent stalemate over the U.S. debt ceiling, which have resulted in reduced market liquidity.
