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"Genesis has decided to stop offering digital asset spot and derivatives trading through GGC International, Ltd. (GGCI)," the statement reads. "This decision was made voluntarily and for business reasons. With this termination of services from GGCI, Genesis no longer offers trading services through any of its business entities." Source
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Stablecoin issuing protocol e-Money has ended its issuance of EEUR, a coin pegged to the euro, citing current market conditions as the reason. Source
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The trading firm said earlier that it had stopped trading on FTX, a separate crypto exchange for international users, but some of its funds were stuck on the platform. Source
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The Coinbase price is normally at a premium, which could reflect new entrants or institutional demand, but the price turned to a discount in May, the note said. This “Coinbase premium” is now also returning towards historical levels, which suggests reduced crypto market stress, the note added. Original Source
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Millions of transactions per second and heavy traffic contributed to the network’s disruption, developers explained on Tuesday. Original Source
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