U.S. presidential candidate Ron DeSantis says he’ll “nix” CBDCs upon electionThe Republican hopeful promised to block CBDCs on day one of his presidency.
Happy Saturday!The global crypto market cap is $1.22 trillion, with a 24-hour volume of $44.14 billion. The price of Bitcoin is $30,285.50, and BTC market dominance is 48.4%. The price of Ethereum is $1,934.66, and ETH market dominance is 19.1%. The best-performing sector is Privacy, which gained 8%. The Crypto Fear & Greed Index is currently Neutral (56). Top News
U.S. presidential candidate Ron DeSantis says he’ll “nix” CBDCs upon electionThe Republican hopeful promised to block CBDCs on day one of his presidency. Alex Mashinsky out on $40M bail; ‘vehemently’ denies fraud chargesMashinsky's lawyer Jonathan Ohring said his client "vehemently" denies all charges and intends to "vigorously" fight them in court. Synthetix founder launches Infinex to compete with centralized exchangesInfinex intends to serve as a Synthetix frontend with an improved UX.
More NewsBitcoin buying pressure could surge amid rising exchange withdrawalsRapid exchange withdrawals and increased exchange-related activity have the potential to increase buying pressure for Bitcoin as the tradable supply decreases. Larry Fink unpacks BlackRock’s approach to crypto, saying it can “transcend any one currency”The BlackRock CEO said on CNBC that crypto has "a differentiating value versus other asset classes," while being careful to avoid mention of Bitcoin. Binance has quietly laid off 1,000 or more employees in recent weeks; may slash workforce by up to 30%: WSJThe exchange had roughly 8,000 employees around the globe before the layoffs began a few weeks ago. BlockFi CEO neglected warnings about FTX prior to collapse, court docs sayCEO Zac Prince told employees to "get comfortable" with BlockFi's use of funds. Binance CEO foresees DeFi outgrowing CeFi in 6 years, despite regulatory hurdlesThe Binance CEO believes the recent wave of institutional interest in crypto validates the industry and its technology.
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