Staking Activity On The Rise – Following the Shanghai upgrade, daily staking deposits on Ethereum surged from 460 to 8,108. – On June 2, a staggering 13,595 deposits were recorded, indicating increased investor confidence. – Lido Finance, a major player in Ethereum staking,…
Thailand Introduces New Regulations for Crypto Service Providers The Securities and Exchange Commission (SEC) of Thailand has implemented a new set of rules to protect investors in the crypto market. The regulations require digital asset service providers to give risk warnings and obtain…
The Investigation of Binance Australia by ASIC According to a report in Bloomberg, the Australian Securities & Investments Commission (ASIC) has searched the office of Binance Australia. This comes after the company’s derivatives license was canceled in April due to an investigation into…
Institutional Customers Lock $100 Million on Cobo’s Argus Protocol Cobo’s Argus protocol, which allows institutional customers to store token holdings and engage in decentralized finance (DeFi) activities, saw its customer funds exceed $100 million within a week of its release. CEO Discus Fish…
A Staggering Legal Bill for Voyager’s Creditors McDermott Will & Emery, the law firm representing Voyager’s committee of unsecured creditors, has sent the group a bill of over $5 million for their work between March and May. This bill adds to the perception…
Jinan Includes Digital Yuan Payments In Public Transportation System The city of Jinan, the capital of the province of Shandong in China, has recently announced the implementation of digital yuan payments in its public transportation system. Now, almost 7 million citizens of Jinan…
New Merchant Collection Solution Enables Businesses to Collect Payments in e-CNY DBS, a Singapore bank, has recently introduced a merchant collection solution that allows businesses to receive payments in e-CNY, China’s central bank digital currency. This platform enables automated settlement of e-CNY into…
Binance’s office in Australia is being investigated by local regulators as part of an ongoing probe into the cryptocurrency exchange. The Australian Securities and Investments Commission (ASIC) conducted the search as part of a review of Binance’s derivatives operation, specifically focusing on client…
Solana Emerges as a Strong Competitor Solana (SOL) is quickly gaining recognition in the crypto space for its high-speed transactions and low fees. It is considered the “Ethereum killer” and is attracting investors looking for alternative blockchain solutions. However, another project called InQubeta…