Republican lawmakers distinguish crypto commodities and securities in draft bill

cryptoslate.com Republican House members published a draft bill on June 2 that aims to set out clear roles for regulators in the crypto industry. SEC’s abilities The draft bill specifically…

Blockchain Association files new amicus brief to support Tornado Cash’s defense

cryptoslate.com The Blockchain Association said June 2 that it filed an amicus brief to support a CoinCenter case that defends the coin mixer Tornado Cash. Kristin Smith, CEO of the…

Russia’s Rosbank starts offering cross-border crypto payments despite nationwide ban

cryptoslate.com Rosbank, one of the Russian Federation’s most important financial institutions, is set to become the first major bank to offer cross-border transactions in cryptocurrency,…

Cleanspark fiscal year revenue crosses $100M amid expansion plans

cryptoslate.com miner CleanSpark’s fiscal year-to-date revenue crossed $100 million in May as its BTC production exceeded expectations, according to a June 2 statement. CEO Zach Bradford…

Taurus links up with Polygon to tokenize real-world assets for TradFi

cryptoslate.com Switzerland-based Taurus has integrated Layer-2 network Polygon — including the native token MATIC and smart contracts — with its custody and tokenization platforms called…

Tron’s TRX now live on Ethereum via BitTorrent bridge, boosting DeFi access

cryptoslate.com Tron’s TRX is available on Ethereum (ETH) after leveraging BitTorrent (BTT) Bridge to gain access to the largest decentralized finance (DeFi) ecosystem in the industry. In a…

Kakarot zkEVM secures backing from StarkWare, Vitalik Buterin in pre-seed round

cryptoslate.com Kakarot zkEVM, an Ethereum Virtual Machine (EVM) implemented in Cairo, announced on June 2 that it has closed its pre-seed funding round. The investors include Ethereum…

Alchemy Pay teams up with Mastercard for ‘NFT Checkout’

cryptoslate.com Alchemy Pay has partnered with Mastercard to bring “NFT Checkout” – a direct payment method for digital artwork. The company intends the integration to improve accessibility…

China publishes national blockchain standard

cryptoslate.com China’s Ministry of Industry and Information Technology (MIIT) has published a national standard for blockchain technology to guide the development of the industry in the…

Japanese regulators warn OpenAI against collecting sensitive data

cryptoslate.com Japan’s Personal Information Protection Commission warned OpenAI against collecting sensitive information without people’s consent, Reuters reported on June 2. The privacy…

Marathon Digital increased its production by 77% to 1,245 BTC in May

cryptoslate.com Marathon Digital Holdings mined a record-high number of Bitcoin (BTC) in May, increasing its production by 77% compared to April 2023. The mining firm produced 1,245 BTC in…

U.S. unemployment rate comes in at 3.7%, Bitcoin holds $27K

cryptoslate.com Quick Take The U.S. unemployment rate broke the expected 3.5%, coming in at 3.7%. May nonfarm payrolls were projected at 190,000, but instead came in at +339,000. Bitcoin…

Coinbase Derivatives Exchange unveils Bitcoin and Ethereum futures

cryptoslate.com Coinbase Derivatives Exchange will launch Bitcoin (BTC) and Ethereum (ETH) futures contracts for institutional traders on June 5, according to a June 1 statement. The…

OKX proposes new Bitcoin BR-30 standard

cryptoslate.com The OKX exchange has proposed extending the BRC-20 Bitcoin standard by implementing a new mechanism called BRC-30. Under the BRC-30 standard, staking-related features, such…

Tether market cap hits all time high

cryptoslate.com Quick Take Tether’s market cap has just hit an all-time high of $83.2 billion. However, according to Kaiko’s research, Tether’s trade volume is at multi-year lows; this…

Voltage partners with Google Cloud to boost global Bitcoin Lightning adoption

cryptoslate.com Voltage, a Bitcoin Lightning infrastructure provider, has partnered with Google Cloud to increase its hosting capacity and locations globally. According to a May 19…

Short term crypto outlook turns negative as U.S. passes Debt Ceiling Bill

cryptoslate.com Quick Take The U.S. House of Representatives passed the Debt Ceiling Bill on June 1. This provision will enable the U.S. government to continue spending indefinitely until…

Bitfarms sold 90% of its Bitcoin mined in May

cryptoslate.com miner Bitfarms sold 414 BTC, representing 90.19%, of its mined 459 BTC in May, according to a June 1 statement. According to the statement, the miner generated $11.3 million…

Uniswap’s proposal to collect fees from LPs stumbles during first poll

cryptoslate.com A poll of Uniswap’s governance community on June 1 found divided support for a feature that could eventually draw fees from liquidity providers. Poll finds mixed support On…

Circle to launch USDC natively on Arbitrum

cryptoslate.com Circle said on June 1 that it will soon launch a native version of its USD Coin (USDC) stablecoin on the Arbitrum blockchain. The new version of USDC will be “native to…

Silvergate to submit shutdown plan in coming days after Federal Reserve order

cryptoslate.com The Federal Reserve Board said June 1 that it issued a consent order to the crypto-friendly bank Silvergate, instructing it to wind down operations. Must protect depositors…

Elon Musk’s Twitter-to-Doge logo switch raised as evidence in lawsuit

cryptoslate.com New facts and evidence concerning Elon Musk’s crypto trading and promotional activity were highlighted in an amended legal case on May 31. The latest filing brings forward…

Google, Microsoft invest in AI startups as battle for dominance heats up

cryptoslate.com In an escalating battle for market share in the AI sector, Google and Microsoft have made new strategic startup investments as they vie for dominance. Google invests in…

Crypto.com secures Major Payment Institution license in Singapore

cryptoslate.com Crypto.com said June 1 that it has secured a Major Payment Institution (MPI) license for Digital Payment Token (DPT) services from the Monetary Authority of Singapore (MAS),…

Bitcoin investors seek downside protection amid rising macro uncertainties

cryptoslate.com In this Alpha insight, we uncover the growing demand for downside protection on Bitcoin, as Swissblock reveals some intriguing data. With the put-to-call ratio signaling a…

Bitcoin outperforms commodities as market gears up for high volatility

cryptoslate.com Despite the broader market crisis induced by the U.S. debt ceiling issue, Bitcoin and commodities, particularly gold and silver, have demonstrated notable performance since…

Daily CEX crypto trade volume sinks to lows last seen in 2020

cryptoslate.com Daily trade volume from centralized exchanges (CEX) has sunk to lows last seen in late 2020, per data from Kaiko. Crypto sentiment The chart below shows a pattern of…

Privacy coin projects denounce Binance delisting

cryptoslate.com Three privacy coin projects — Secret (SCRT), Zcash (ZEC), and Dash (DASH) — have denounced Binance’s intention to delist their tokens from its platform, according to June 1…

Bitcoin Magazine Ventures launches Bitcoin Ecosystem Fund with Sora Ventures’ support

cryptoslate.com Bitcoin Magazine Ventures, managed by David Baily and Tyler Evans, is launching the world’s first Bitcoin Ecosystem Fund. The venture capital fund, dedicated exclusively to…

Yesterday saw the largest one-day Bitcoin transfer in two years

cryptoslate.com Quick Take The total daily amount of Bitcoin transferred from miners to exchange wallets hit a two-year high yesterday. The transaction occurred between the mining pool,…

Asia’s Bitcoin supply continues to increase during bear market

cryptoslate.com Quick Take Asia’s Bitcoin supply is at its highest level since 2016. This metric estimates the year-over-year change in the share of the Bitcoin supply held or traded in…

Litecoin leads flat market as outflows persist: wMarket Update

cryptoslate.com The cryptocurrency market saw net outflows of $3.8 billion over the last 24 hours and currently stands at $1.13 trillion — down 0.3% from $1.14 trillion. During the…

Tether’s USDT sets new all-time high in spite of regulatory concerns

cryptoslate.com The market capitalization of Tether’s USDT has surpassed the previous all-time high of $83.2 billion, according to a June 1 statement from the stablecoin issuer. Data from…

Eurozone inflation data trends for core CPI, unemployment remain strong

cryptoslate.com Quick Take Eurozone data continues to emerge today, with key economic indicators maintaining their trends. Euro area unemployment was at 6.5% in April 2023, a historically…

Crypto scams and exploits in May led to $60M loss: CertiK

cryptoslate.com Crypto-related exploits, hacks, and scams in May resulted in nearly $60 million in losses, according to blockchain security firm Certik. On May 31, CertiK confirmed that…

Binance layoffs

cryptoslate.com Binance CEO Changpeng Zhao (CZ) played down the significance of recent company layoffs – saying, “Another day, another FUD.” Layoff rumored to be bear market driven. On May…

Gate.io denies rumors of withdrawal issues following Multichain’s unrelated crisis

cryptoslate.com Crypto exchange Gate.io said on May 31 that its operations have not been impacted by other events, contrary to rumors circulating in the community. Gate.io reports zero…

Jimbos Protocol turns to law enforcement after hacker ignores $800K bounty

cryptoslate.com Jimbos Protocol said May 31 that the hacker responsible for a recent attack has not responded to its bounty offer and it will now turn to law enforcement. The protocol was…

Elizabeth Warren highlights crypto’s role in fentanyl trade, plans to combat with bill

cryptoslate.com Senator Elizabeth Warren said during a May 31 Senate hearing that she aims to combat cryptocurrency’s role in the illegal fentanyl trade. Fentanyl trade Warren said to the…

Multichain unable to contact CEO, has no access to project servers

cryptoslate.com The team behind cross-chain protocol Multichain said May 31 that they are unable to contact their CEO, who is known only as Zhaojun. As a result of the executive’s absence,…

Bitcoin outshines oil on increase in value since 2010

cryptoslate.com In a world of increasing inflation, is denominating Bitcoin in USD still the best approach? Exploring an alternative method, this paywalled article delves into a unique…

NFL players union unable to collect $41.8M in NFT-related revenue

cryptoslate.com The National Football League Players Association (NFLPA) could not collect tens of millions of dollars in licensing and sponsorship revenue linked to the crypto industry…

TD Cowen shutters digital assets unit

cryptoslate.com an investment bank, announced the closure of its digital asset unit on May 31, Bloomberg reported. Cowen’s services include investment banking, research, sales, and trading.…

Digital asset management companies thrive in 2023 despite Bitcoin and Ethereum’s May downturn

cryptoslate.com CCData’s Digital Asset Management Review for May found that Bitcoin, with its finite supply and resistance to governmental control, continues to solidify its position as a…

Bitcoin suffers worst month since November 2022, while Ethereum holds steady

cryptoslate.com Quick Take Bitcoin is currently 8% down as May closes out, the worst-performing month since November 2022, according to Coinglass data. The largest cryptocurrency is down…

US court says IRS has legal authority to access Coinbase users’ trading data

cryptoslate.com A federal court ruled that the IRS has the legal authority to access Coinbase users’ trading data via a “John Doe” summons, and doing so is not a violation of constitutional…

Binance’s CZ opens up on the exchange’s Canada exit; hopes to return one day

cryptoslate.com explained the circumstances surrounding Binance leaving the Canadian market – saying the regulatory requirements meant it was unfeasible to continue operating in the…

Crypto markets brace for impact as US debt ceiling debate threatens liquidity crunch

cryptoslate.com While market attention is focused on the debate over the U.S. debt ceiling, potential implications for crypto markets have garnered less discussion. The Treasury General…

Binance delists privacy coins for European users amid layoff rumors

cryptoslate.com Binance said it would delist privacy coins for users in unnamed jurisdictions from June 26, according to an emailed statement to CryptoSlate. “As part of Binance’s ongoing…

Bitcoin miner balance soars to highs not seen since November 2022

cryptoslate.com Quick Take Glassnode defines the miner percent mined supply spent metric as the estimate of the percentage of mined supply spent by the mining cohort over a 30-day window.…

NFT artist allegedly battling cancer revealed to be scam

cryptoslate.com Pixel Penguins, an NFT project allegedly created by an artist battling cancer, has been exposed as a scam using stolen art. How Pixel Penguins NFTs became popular On May 30,…

FTX has paid over $100M to lawyers and consultants handling its bankruptcy case

cryptoslate.com The FTX debtors said they had paid the 14 consultancy firms and the law firms handling its bankruptcy case over $100 million as of April 30, according to a May 30 court…

Western inflation re-accelerates in 2023

cryptoslate.com Quick Take Many Western countries are beginning to see a re-acceleration of inflation as negative real rates (meaning that interest rates are lower than the rate of…

Bitcoin hash rate resumes uptrend

cryptoslate.com The Bitcoin hash rate continues trending upwards, having experienced a spike last weekend(May 27-28, 2023) that puts it on track to re-test its all-time high of 400 TH/s.…

Roughly $200M of Bitcoin sold onto exchanges by Coinbase whale

cryptoslate.com Quick Take Roughly $200 million of Bitcoin was sold yesterday on exchanges. A large whale from Coinbase drove the sale. This is one of the most significant deposits onto…

US lawmakers introduce bill to prevent digital dollar pilot program

cryptoslate.com U.S. lawmaker Alex Mooney has introduced a new bill, the Digital Dollar Pilot Prevention Act, which aims to ban the government from launching a pilot program to test central…

Wall Street firms to take on Binance, Coinbase, other crypto-native exchanges

cryptoslate.com Traditional financial firms, including Standard Chartered, Nomura, and Charles Schwab, are busy building or funding new crypto exchange and custody platforms, FT reported on…

Bitcoin hash rate soars, as difficulty to adjust positively on May 31

cryptoslate.com Quick Take The Bitcoin hash rate has reached all-time highs, increasing by 4% in the past two weeks. The current hash rate has reached 368 EH/s, demonstrating significant…

TRON avoided $500M multisig vulnerability

cryptoslate.com Security researchers disclosed a vulnerability in the TRON blockchain on May 30 that previously put $500 million of crypto at risk. One signer could have accessed mulitisig…