STATESMAN_CRYPTOWORLD
a passionate advocate for cryptocurrency education and awareness. With years of experience in the crypto industry,
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🇪🇺📊 Bybit CEO Ben: Hyperliquid Is a Partner Not a Competitor
In an April 23 interview with When Shift Happens, Bybit CEO Ben Zhou stated that Bybit views Hyperliquid as a partner rather than a competitor. He noted that Bybit has not experienced a significant exodus of users to Hyperliquid; instead, some users are deterred by licensing and compliance restrictions.
Zhou explained that under Europe's regulatory framework, Bybit's MiCA site cannot offer derivatives, and even with a MiFID license, leverage would be limited to 10x, which he described as "not competitive at all" compared to Hyperliquid. He emphasized that users seeking high leverage will naturally gravitate towards DEXs, as Hyperliquid provides options that Bybit cannot offer within a compliant framework. #Regulation
In an April 23 interview with When Shift Happens, Bybit CEO Ben Zhou stated that Bybit views Hyperliquid as a partner rather than a competitor. He noted that Bybit has not experienced a significant exodus of users to Hyperliquid; instead, some users are deterred by licensing and compliance restrictions.
Zhou explained that under Europe's regulatory framework, Bybit's MiCA site cannot offer derivatives, and even with a MiFID license, leverage would be limited to 10x, which he described as "not competitive at all" compared to Hyperliquid. He emphasized that users seeking high leverage will naturally gravitate towards DEXs, as Hyperliquid provides options that Bybit cannot offer within a compliant framework. #Regulation
🥷 ECB Pushes Back on Looser Euro Stablecoin Rules, Citing Banking Risks
According to Reuters, the European Central Bank opposed proposals to ease rules for euro stablecoins, citing concerns that broader issuance could reduce bank lending and complicate interest-rate control.
Central bankers, including ECB President Christine Lagarde, expressed worries that stablecoins might drain bank deposits and weaken lenders' funding. Brussels-based think tank Bruegel warned that stricter EU rules could push activity offshore and deepen "digital dollarization."
#stablecoin
According to Reuters, the European Central Bank opposed proposals to ease rules for euro stablecoins, citing concerns that broader issuance could reduce bank lending and complicate interest-rate control.
Central bankers, including ECB President Christine Lagarde, expressed worries that stablecoins might drain bank deposits and weaken lenders' funding. Brussels-based think tank Bruegel warned that stricter EU rules could push activity offshore and deepen "digital dollarization."
#stablecoin
🕵️ ZachXBT: Suspected Attack on Polymarket, the World’s Largest Prediction Market
According to a ZachXBT community alert, Polymarket’s UMA CTF Adapter contract on the Polygon chain is suspected of being attacked, resulting in losses exceeding $520K.
The affected contracts are:
0x871D7c0f9E19001fC01E04e6cdFa7fA20f929082
0x91430CaD2d3975766499717fA0D66A78D814E5c5
The attacker’s address is:
0x8F98075db5d6C620e8D420A8c516E2F2059d9B91. #hack
According to a ZachXBT community alert, Polymarket’s UMA CTF Adapter contract on the Polygon chain is suspected of being attacked, resulting in losses exceeding $520K.
The affected contracts are:
0x871D7c0f9E19001fC01E04e6cdFa7fA20f929082
0x91430CaD2d3975766499717fA0D66A78D814E5c5
The attacker’s address is:
0x8F98075db5d6C620e8D420A8c516E2F2059d9B91. #hack
🥷 The hacker who breached the Verus bridge returned $8.5 million after the reward was announced. #Hack
🇺🇸🕵️ Mark Cuban Says He Sold Most of His Bitcoin After It Failed to Act as a Hedge
Billionaire investor Mark Cuban has sold most of his Bitcoin holdings, concluding that the cryptocurrency did not serve as the hedge he expected amid recent geopolitical tensions involving Iran and a weakening U.S. dollar.
Cuban remains more positive on Ethereum, describing most other cryptocurrencies as “garbage.” He had previously stated that his crypto portfolio was primarily composed of Bitcoin and Ethereum.
$BTC $ETH
Billionaire investor Mark Cuban has sold most of his Bitcoin holdings, concluding that the cryptocurrency did not serve as the hedge he expected amid recent geopolitical tensions involving Iran and a weakening U.S. dollar.
Cuban remains more positive on Ethereum, describing most other cryptocurrencies as “garbage.” He had previously stated that his crypto portfolio was primarily composed of Bitcoin and Ethereum.
$BTC $ETH
🕵️ CZ Asian Countries Will Likely Build Bitcoin Reserves Under the Radar (ARCHIVE FOOTAGE)
Binance founder CZ stated that cultural mindsets will likely lead Asian countries to build their Bitcoin reserves quietly. He dismissed the misconception that crypto disrupts traditional finance, noting instead that banks will become obsolete if they ignore this new technology.
He also pointed out that crypto is far more transparent and easier to trace than traditional finance, with a much lower rate of illicit transactions.
#CZ #Binance
Binance founder CZ stated that cultural mindsets will likely lead Asian countries to build their Bitcoin reserves quietly. He dismissed the misconception that crypto disrupts traditional finance, noting instead that banks will become obsolete if they ignore this new technology.
He also pointed out that crypto is far more transparent and easier to trace than traditional finance, with a much lower rate of illicit transactions.
#CZ #Binance
🇮🇳🕵️ According to ThePrint, India’s MeitY has issued a blocking order against Polymarket and is set to block Kalshi as soon as Friday, enforcing its ban on prediction market platforms still operating in India. The orders are expected under Section 69A of the IT Act, which requires ISPs to block access, while non-compliant intermediaries could face up to seven years in prison and fines. India’s online gaming law, effective May 1, bans real-money online games, related advertising, and financial transactions. #Regulation
🗽 On May 21 (ET), spot Bitcoin ETFs recorded total net outflows of $101 million, marking five consecutive days of net outflows.
Spot Ethereum ETFs saw total net outflows of $32.577 million, extending their net outflow streak to nine days.
Spot $SOL
L ETFs recorded total daily net inflows of $3.8569 million.
Spot Ethereum ETFs saw total net outflows of $32.577 million, extending their net outflow streak to nine days.
Spot $SOL
L ETFs recorded total daily net inflows of $3.8569 million.
🤔 India takes action against prediction markets: Polymarket has ceased operations, and Kalshi could be next.
Polymarket plans to enter the Japanese market and appoints a regional representative.
#Polymarket
Polymarket plans to enter the Japanese market and appoints a regional representative.
#Polymarket
🙅 $ALCX, $COOKIE
$OKIE, $DODO, $EPIC, $HEI, $HFT T, $STORJ J, $SYN, $TLM flagged as monitored for delisting on Binance spot
$OKIE, $DODO, $EPIC, $HEI, $HFT T, $STORJ J, $SYN, $TLM flagged as monitored for delisting on Binance spot
HUGE: Trump is set to swear in Kevin Warsh on Friday as the first pro-Bitcoin Fed Chair.
He would be the first Fed Chair in history to have personally held $BTC
before taking office, after disclosing over $100M in crypto-related investments.
He would be the first Fed Chair in history to have personally held $BTC
before taking office, after disclosing over $100M in crypto-related investments.
🚨𝗝𝗨𝗦𝗧 𝗜𝗡: Harvard just sold off its entire $87,000,000 ethereum:native stake just one quarter after buying it.
$ETH
$ETH
16 years ago, Laszlo Hanyecz, a Floridian programmer, bought 2 Papa John's pizzas for 10,000 $BTC. Today, those pizzas would be valued at over $774M today.
#happypizzaday , everyone! 🍕
#happypizzaday , everyone! 🍕
BREAKING: 🇰🇷 SOUTH KOREA JUST ANNOUNCED IT WILL ABOLISH THE PLANNED 22% BITCOIN AND CRYPTO TAX 🔥
A MASSIVE WIN FOR CRYPTO ADOPTION.
EXTREMELY BULLISH FOR BITCOIN. 🚀$BTC
A MASSIVE WIN FOR CRYPTO ADOPTION.
EXTREMELY BULLISH FOR BITCOIN. 🚀$BTC
🤔 CZ I Still Don't See Anything That Can Replace Bitcoin Today
Binance founder CZ told the Crypto Banter podcast he still spends 80% to 90% of his time on blockchain. He believes Bitcoin maintains its dominance with no current replacements.
Addressing the lack of killer apps, CZ noted that 15 years of heavy government suppression killed many apps before they could grow. He predicts micro-payments for future AI agents will absolutely rely on blockchain, either via Bitcoin L2s or centralized enterprise chains.
#Binance #CZ
Binance founder CZ told the Crypto Banter podcast he still spends 80% to 90% of his time on blockchain. He believes Bitcoin maintains its dominance with no current replacements.
Addressing the lack of killer apps, CZ noted that 15 years of heavy government suppression killed many apps before they could grow. He predicts micro-payments for future AI agents will absolutely rely on blockchain, either via Bitcoin L2s or centralized enterprise chains.
#Binance #CZ
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