Orca DEX to block US users from trading with its interface
The company said U.S. traders would still be able to make swaps by directly interacting with Orca’s smart contracts, however.
May 2023
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Bitcoin bears could face $440M loss in Friday’s options expiry
The bailout of Silicon Valley Bank provided a significant advantage to BTC bulls on the weekly $1.2 billion BTC options expiry.
Swiss Bankers Association proposes deposit tokens to develop digital economy
A deposit token is a concept that came out of Singapore’s Project Guardian last year, and it has already been touted by JPMorgan.
MakerDAO passes proposal for $750M increase in US Treasury investments
The emergency proposal increases MakerDAO’s holdings of United States bonds by 150%, aiming to diversify the Dai stablecoin’s collateral exposure.
US lawmaker suggests Signature’s collapse was tied to instability of crypto
Senator Michael Bennet said crypto was not “even as stable as the marijuana industry,” questioning Signature Bank’s ability to service digital asset firms but not dispensaries.
Collapse of Silvergate and Silicon Valley Bank represent a challenge for crypto
The fire lit by Silvergate Bank and Silicon Valley Bank will make it harder for crypto to find financial partners.
Chinese billionaire’s $1B fraud charges, Kwon’s $11M bet, Zhu Su and Islam: Asia Express
Chinese billionaire using crypto to fight communism charged over $1 billion fraud, Do Kwon’s $11M bet comes due, Zhu Su bonds with Islam.
Circle clears ‘substantially all’ minting and redemption backlog for USDC
The stablecoin issuer says that from March 13 and March 15, it redeemed $3.8 billion USDC and minted $0.8 billion USDC.
Formfunction to shutter marketplace amid Solana NFT slump
The platform didn’t disclose the reason for its closure, but Solana NFTs haven’t been having the best run lately.
Federal Reserve confirms July launch for FedNow instant payment service
The FedNow service aims to reduce the gap in payment time between United States financial institutions.