.@Coinbase CLO Paul Grewal urges lawmakers to back crypto for remittances, highlighting blockchain’s lower fees and faster processing. Traditional methods cost $6 per $100 and are slow. Growing adoption shows crypto’s potential for affordable cross-border payments. #Crypto #Update
.@bitFlyer is set to acquire FTX Japan, valued in the tens of millions, following the collapse of @FTX_Official. The move aims to convert FTX Japan into a custodial service for institutional clients, highlighting the shift towards secure, reliable custodial services in crypto. #Update
Max Keiser urges Argentina to rethink its crypto strategy, criticizing the inclusion of $ETH. He advocates focusing solely on Bitcoin for economic stability. Meanwhile, Argentina boosts its crypto-friendly stance by removing taxes on Bitcoin transactions. #Update
.@WEWEGlobal is enhancing financial inclusion and digital literacy globally. They offer mobile banking, microloans, and user-friendly financial tools, empowering individuals to manage finances and foster entrepreneurship. 96% of members have successfully migrated to new platforms. #Update
Institutional investors drive crypto demand up 126% this year, fueled by IPO anticipation. Shares in @Ripple, @krakenfx, and Chainalysis surged 13%, 77%, and 17% respectively. Bitcoin’s new high of $73k and ETFs attract traditional investors. #Update
The $9.7 trillion logistics industry struggles with outdated software. DePINs and TIDINs offer new solutions to improve data quality, saving $600B annually. @Maersk’s 2018 TradeLens failed due to centralization. #Logistics #Update
The @CFTC is investigating Jump Crypto for its trading activities. Jump Crypto faced a $300M loss in the FTX collapse and donated $10M to the Fairshake PAC. This highlights growing regulatory scrutiny in the crypto sector. #CryptoNews
Solana’s blockchain platform reports 1.6M daily active wallets, surpassing Ethereum’s 367K. With $150M net inflows vs. Ethereum’s $70K and a more decentralized structure, Solana shows significant growth and technical prowess. #Crypto #Update $SOL $ETH
? 1inch partners with Blockaid to launch 1inch Shield, a new security solution for DeFi. Supported by TRM Labs, it detects fraudulent tokens and monitors for illegal activities. Aims to set a new security standard in crypto, enhancing user trust. #DeFi #CryptoSecurity
Polkadot researchers propose reducing the staked $DOT unbonding period from 28 days to 2 days, introducing a flexible mechanism to enhance user experience while maintaining network security. #CryptoNews #Polkadot
Bitstamp, now owned by @RobinhoodApp, lists meme coin Bonk (BONK). Trade BONK in USD & EUR globally (except US & Singapore) via their apps. Bitstamp’s regulated EU status boosts its role in emerging crypto. #CryptoNews
Oral arguments for Kraken’s motion to dismiss the SEC lawsuit start today at 1 PM ET. The SEC claims Kraken operates as an unregistered exchange, naming $SOL, $ADA, and $ALGO as securities. Outcome may shape U.S. crypto regulations. #Update
Experts discuss growing institutional interest in crypto, eyeing Ethereum-ETF approval and its impact on DeFi and altcoins. Anton Bukov highlights DeFi tech reducing cross-border transfer costs, benefiting TradFi. Ethereum’s blockchain sees potential big gains. #Update #CryptoNews $ETH $LTC
Protest launched in NYC’s Times Square against @Tether_to, accusing it of corruption and aiding illegal activities. Tether called a “Ponzi scheme” by Will Hild of Consumers’ Research. Despite controversy, Tether posted $4.52B Q1 profits. #Update
