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Trades between Russian ruble and dollar-backed stablecoin almost quadrupled during short-lived Wagner rebellion

The amount of rubles to USDT trades rocketed from almost $4 million to about $15 million during the brief conflict.

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Bitcoin (BTC) is up 12% this month in part due to thin liquidity

Bitcoin's price has rallied sharply this month but not for reasons you might think.

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cryptocurrency market: Crypto traders are betting on Asia as a haven after US crackdown

Due to the regulatory uncertainty in the US, Bitcoin trading is increasingly shifting to Singapore, Japan and South Korea, and Hong Kong, which just introduced a new regulatory framework for cryptocurrency exchanges, despite crypto trading remaining banned in China and high taxes in India. Institutional investors perceive the regulatory environment in Asia as less risky, and the countries vast population represents a huge opportunity for the crypto market. Despite Europe s strides in crypto regulation, the EU-wide Markets in Cryptoassets regime will only take effect in 2024.

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Crypto traders are betting on Asia as a haven after US crackdown

With so much regulatory uncertainty in the US, Asia has become an increasingly important hub for digital-asset activity, said Jonny Caldwell.

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Binance US market share drops to 1 5% in wake of SEC crackdown

Binance US market share drops to 1 5% in wake of SEC crackdown
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