Chinese companies selling synthetic opioid chemicals raked in $27M in crypto payments

Blockchain analysis firm Elliptic reveals millions in crypto payments to Chinese chemical providers and a staggering 450% increase in transaction volume year-on-year.

https://cryptoslate.com/chinese-companies-selling-synthetic-opioid-chemicals-raked-in-27m-in-crypto-payments/

Binance axes 8 Australian Dollar trading pairs

Binance announces the removal of several AUD trading pairs amid trouble on multiple fronts including the withdrawal of PayID ramping services.

https://cryptoslate.com/binance-axes-8-australian-dollar-trading-pairs/

Rapid core inflation rise leaves Bank of England behind, skyrockets bond yields

Core Inflation hits 6.8%, highest since 1992: higher rates on the horizon

https://cryptoslate.com/insights/rapid-core-inflation-rise-leaves-bank-of-england-behind-skyrockets-bond-yields/

Cardano’s native DeFi protocols surge as TVL soars 230% in 2023

Cardano TVL outperforms the YTD trend for all protocols, driven by major DeFi ecosystem milestones.

https://cryptoslate.com/cardanos-native-defi-protocols-on-tear-tvl-soars-230-in-2023/

Ledger has fallen, but a CrossNFT wallet is an alternative

#PR

https://cryptoslate.com/press-releases/ledger-has-fallen-but-a-crossnft-wallet-is-an-alternative/

UK core inflation hits 28-Year high, boosting Bitcoin adoption as safe haven

Uncover how the U.K.'s soaring core inflation and declining fiat currency values are driving investors towards Bitcoin

https://cryptoslate.com/uk-core-inflation-soars-what-does-this-mean-for-the-crypto-market/

Gemini eyes UK as ‘second headquarters’

Gemini co-founder Cameron Winklevoss cited recent regulatory uncertainty in the U.S as one of the reasons it may expand.

https://cryptoslate.com/gemini-eyes-uk-as-second-headquarters/

Bitcoin loses $27k level in red market: CryptoSlate wMarket Update

The wMarket Update condenses the most important price movements in the crypto markets, published 07:45 ET on weekdays.

https://cryptoslate.com/cryptoslate-wmarket-update-bitcoin-loses-27k-level-in-red-market-performance/

Vitalik Buterin’s Solana jokes misinterpreted as an endorsement

Buterin spoke at EDCON 2023 on the technical challenges of developing Ethereum into a polished protocol, but it was a joke in his opening that caught the most attention.

https://cryptoslate.com/vitalik-buterins-solana-jokes-misinterpreted-as-an-endorsement/

Bitcoin whales resume accumulation following brief respite

As macro doubts hover, distribution becomes norm for all but Bitcoin whales

https://cryptoslate.com/insights/bitcoin-whales-resume-accumulation-following-brief-respite/

13% of Bitcoin blocks mined over last 24 hours attributed to pool named “Unknown”

Bitcoin's hash rate is soaring, smashing previous all-time records, with one pool leading the pack.

https://cryptoslate.com/insights/13-of-bitcoin-blocks-mined-over-last-24-hours-attributed-to-pool-named-unknown/

Omnibolt and Lightning Network: unlocking the future of cryptocurrency transactions

The Lightning Network has been one of the most promising ways to solve problems with scaling and the speed of transactions in the cryptocurrency world.

#Sponsored

https://cryptoslate.com/omnibolt-and-lightning-network-unlocking-the-future-of-cryptocurrency-transactions/

Despite recent stillness, on-chain metrics indicate possible volatility ahead for Bitcoin

On-chain metrics show that the currently uneventful Bitcoin market could be gearing up for future volatility.

https://cryptoslate.com/on-chain-indicates-potential-volatility-ahead-for-bitcoin/

Hong Kong SFC eases requirements as exchanges face crypto talent crunch

Amid a shortage of responsible officers (RO), the SFC has revised its requirements so that exchanges now need 2 ROs instead of 4.

https://cryptoslate.com/hong-kong-sfc-eases-requirements-as-exchanges-face-crypto-talent-crunch/

Whales offload Multichain as network suffers delayed transactions

Multichain's MULTI token dumped 27% amid widespread concerns among users about their funds and the protocol's operation.

https://cryptoslate.com/whales-offload-multichain-as-network-suffers-delayed-transactions/

Montenegrin court revokes Do Kwon’s bail

The new ruling mean Terra's Do Kwon and his former CFO Han Chong-Joon would remain in jail until their trial.

https://cryptoslate.com/montenegrin-court-revokes-do-kwons-bail/

🗞 Top Crypto News: Wed, May 24 (24H)

1️⃣ Prometheum becomes first crypto company to be approved by SEC, FINRA as special-purpose broker-dealer

2️⃣ Vitalik Buterin’s Solana jokes misinterpreted as an endorsement

3️⃣ Chinese companies selling synthetic opioid chemicals raked in $27M in crypto payments

📈 Biggest Gainers (24H)

FantasyGold (FGC) +132.84%
ARPA Chain (ARPA) +70.59%
Escroco Emerald (ESCE) +16.76%

OPNX opening its bankruptcy claims product for Celsius users soon

OPNX's bankruptcy tokenization will be offered to Celsius users after May 29 - enabling creditors to unlock frozen funds.

https://cryptoslate.com/opnx-opening-its-bankruptcy-claims-product-for-celsius-users-soon/

Mastercard's crypto head stresses security, simplicity for blockchain's full potential

Dhamodharan said that once these issues are resolved, brands and companies would become much more confident about engaging with the web3 industry.

https://cryptoslate.com/mastercards-crypto-head-stresses-security-simplicity-for-blockchains-full-potential/

Dogecoin is still Elon Musk’s 'favorite' crypto, but he's careful not to endorse it

Elon Musk takes a cautious yet affectionate stance on Dogecoin, as he calls it his favorite cryptocurrency for its humor, while advising against overinvestment at The Wall Street Journal's CEO Summit.

https://cryptoslate.com/dogecoin-is-still-elon-musks-favorite-crypto-but-hes-careful-not-to-endorse-it/