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Binance.US coins trade at premium amid litigation fears, fiat gateway issues

On June 7, multiple coins and tokens listed on Binance.US, the U.S. subsidiary of cryptocurrency exchange Binance, began deviating from their fair value to trade at premiums. Coins such as Bitcoin (BTC) and Ether (ETH) were priced at $27,445 and $1,911, respectively, compared to CoinMarketCap averages of $26,490 and $1,850.Meanwhile,

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Bitcoin Price (BTC), ETH, USDT Trade at Premiums on Binance.US as Users Flee Following SEC Lawsuit

The BTC-U.S. dollar trading pair on Binance.US jumped as high as $28,800 earlier on Wednesday morning, some $1,700 higher than the average price across other exchanges at that time, data shows. Recently, the BTC-USD pair was changing hands at $27,900, while the CoinDesk Bitcoin Price Index (XBX), which feeds from

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Sen. Elizabeth Warren points to crypto payments as facilitating fentanyl trade in China

Massachusetts Sen. Elizabeth Warren has suggested a link between cryptocurrency payments and companies based in China that provided precursors for the opioid fentanyl.In a May 31 hearing of the United States Senate Banking Committee on China, Warren pointed to a report from blockchain analytics firm Elliptic to suggest a

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China Persuades Japan to Lift Restrictions on Semiconductor Chip Export to Harmonize International Trade

China has agreed to work with Japan to promote practical cooperation in key economic and trade areas including advancements in the semiconductor industry. The global geopolitical crisis has significantly impacted the overall development of technology. The ongoing war between Ukraine and Russia, which is estimated to take several years to

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Fentanyl Crypto-Related Trade Worth Tens of Millions: Chainalysis, Elliptic

Elliptic, which published its report on the topic Tuesday, says cryptocurrency wallets attached to darknet merchants which sell fentanyl as well as precursors have received $27 million in payments (though over exactly what time frame is unclear), while Chainalysis pegged the number at $37.8 million since 2018. Source

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Galaxy Digital Executed Its First OTC Options Trade as Demand for On-Chain Options Ramps Up

The ability to trade bilateral options tied to cryptocurrencies with Galaxy removes credit risk, which is normally associated with traditional OTC options trades, Galaxy said in a statement. This is because users send their collateral to a smart contract rather than to a counterparty, making the user less exposed to

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