Recent reports revealed that the venture capital conglomerate Digital Currency Group (DCG) has decided to shut down its institutional trading platform TradeBlock which provided trading and brokerage services to investors.

The report stated that TradeBlock would start the procedures to cease services on May 31.

The decision is a result of the difficult market conditions that followed the long crypto winter and the fall of crypto giants.

On May 12, Gurbacs stated that the significance of gold has been steadily rising for Tether Limited. By holding a substantial reserve of $3.4 billion in this valuable metal, the platform has emerged as a dominant force in the realm of precious metals.

Gurbacs stressed the importance of responsibly distributing USD-backed stablecoins, particularly in Emerging Markets, emphasizing that such action aligns with the national interest of the United States. Furthermore, Gurbacs suggested that Tether deserves recognition from the U.S., as it continues to purchase U.S. dollars while others are moving away from the currency.

If Tether was a country, it would be the 25th largest holder of U.S. treasuries. It is in the U.S. national interest to responsibly distribute USD-backed stablecoins, especially in Emerging Markets.

Santiment also referenced the 30-day and 365-day MVRV ratios which were above 0% – indicating that average traders are “well above water and thriving.” Therefore, they cautioned that traders and investors looking to buy into LTC may want to wait for these ratios to lower before going long on the altcoin again.

The increase in the number of active addresses shared in Ali’s tweet saw the on-chain metric reach a more than 1-year high, according to Santiment. In the past 5 days, the number of active LTC addresses has “calmed down,” however, but the blockchain intelligence firm predicted that the number may rise again soon.

Within the two weeks that followed, forums and posts started showing signs of increased interest in the event, constantly reminding traders of the approaching halving. During this time, on-chain transaction volume also started to climb, the report added.

The price of XRP dropped 1.70% over the last 24 hours according to CoinMarketCap.

Technical indicators on XRP’s 4-hour chart suggested that its price would reclaim the $0.4614 support level.

FTXs leadership is looking to claw back more than $240 million from insiders and executives that benefited from FTX’s wildly inflated acquisition of stock-clearing platform Embed in September. According to court filings, Embeds own chief technology officer, Laurence Beal, was stunned that FTX paid so much for the company after one short meeting with its then-CEO, Michael Giles. Beal described FTXs due diligence process with a cowboy emoji. Lawyers accused FTX insiders of disproportionate payouts to Embed shareholders, including $55 million paid to its CEO.

Bitcoin has crossed a significant threshold this month there are over 1 million addresses that hold at least 1 BTC. Data from Glassnode shows an escalating pattern with regard to the amount of so-called Bitcoin wholecoiners. If the trend continues, Bitcoin price escalation could soon make buying it not only a luxury but something potentially unattainable altogether, according to Adam Back, co-founder and CEO of Bitcoin firm Blockstream. This hyperbitcoinization refers to the moment when the benefits of Bitcoin for financial transactions will eventually lead to the replacement of established financial institutions by a public-driven system, with Bitcoin becoming the world’s default value system.

The latest and greatest games are built with players’ evolving needs in mind, taking into account the popular genres that captivate the public, such as stealth and battle royale. On top of those, Last Remains is also looking to throw a zombie twist into the Web3 gaming scene.

Blockchain-based gaming has gained momentum in recent years as the novel sensation in the crypto universe, to the point where blockchain games accounted for half of all blockchain activity in early 2023. As the trend expands, new players have joined the fray, looking beyond the initial token-collection craze and shifting the focus to gameplay elements.

The breakout predicted by Crypto Rover may be a rally given that a significant bullish flag was on the verge of triggering on BTC’s daily chart. At press time, the daily RSI line was looking to cross bullishly above the daily RSI SMA line. In addition to this, the daily RSI was in oversold territory.

Stablecoins have become the center of attention in Washington recently as pressure mounts to roll out a regulatory framework for dollar-pegged digital assets.

Stablecoin issuers including Tether, Circle, and others have spent well over a million dollars lobbying lawmakers on Capitol Hill since the start of 2022, according to recent data.

During the meeting, Pasha stated that the State Bank and the Ministry of Information Technology have begun work to ban cryptocurrencies in the country. She also stressed that cryptocurrency will never be legalized in Pakistan.

Where Europe and the UAE are embracing cryptocurrencies, Pakistan is deciding to do the opposite and ban them. Pakistan’s Senate Standing Committee on Finance spoke about the execution of legislation aimed at restricting the usage of cryptocurrencies in the country on Wednesday. Aisha Ghaus Pasha, Minister of State for Finance, informed the committee of the government’s intention to outlaw cryptocurrencies through upcoming legislation.