What Happened on May. 26th | Survive the Sideway Market
Crypto prices have been fluctuating within a narrow range for the past several weeks. It is a frustrating time as trading activity is low and no new capital comes into the market.
Exchange spot trading volume has reached its lowest volume since the beginning of the year.
The regulatory uncertainty in the US has been very challenging for many crypto companies. Some crypto companies have shut down their US operations due to increased regulatory scrutiny, and exchanges are expanding overseas.
Coinbase Receives License in Bermuda, Plans to Launch Offshore Derivatives Exchange
Market Makers Jane Street and Jump Crypto Pulling Back from Crypto Trading in US
With Hong Kong to officially implement a new crypto policy starting from June 1 and E.U. has approved the new Crypto Regulation MiCA, these jurisdictions will offer more regulatory clarity to crypto. Hopefully we could see some new capital and entrants into the crypto market in the next few months.
Council of EU Adopts Crypto Regulation MiCA
HK SEC: Implementation of the Virtual Assets Regulation From 1 June
Biggest Gainers & Losers
Hot projects on the market
Stablecoin Service Provider Stably Launches Stablecoin on Bitcoin Network Called #USD
Other news in case you missed it:
Paradigm Broaden its Crypto-only Investment Strategy to include AI
The Number of $ETH on Exchanges Hits a Low Not Seen Since July 2016
DCG to Close Institutional Trading Platform TradeBlock
Fundraising
Web3 Gaming Studio Pomerium Secures $20 Million in Angel Investment
Stablecoins
Policy and Regulation
Exchanges
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