BITCOIN

Binance, the world’s largest cryptocurrency exchange by trading volume, announced on Friday that it is “proactively withdrawing from the Canadian market.” The company thanked the regulators who worked with them and said that the Canadian market was “small.” Binance Bows Out of Canada Due to Regulatory Guidance The cryptocurrency exchange Binance has decided to withdraw from the Canadian market. The company noted that it was the home country of its founder and cited regulatory guidance as the reason for its decision. Binance claims that the new regulatory climate in Canada makes it less feasible for its digital currency business to operate in the country. “Unfortunately, today we are announcing that Binance will be joining other prominent crypto businesses in proactively withdrawing from the Canadian marketplace,” Binance tweeted on Friday. The trading platform’s social media account added: Unfortunately, new guidance related to stablecoins and investor limits provided to crypto

In less than two weeks, the total value locked (TVL) in liquid staking derivatives has increased by 441,110 ether, worth roughly $793 million. While Lido Finance dominates the market with 74.35% of the TVL, competing liquid staking protocols Rocket Pool and Frax Ether have recorded double-digit gains of 34% to 42% in the past 30 days. Number of Ethereum Locked in Liquid Staking Derivatives Nears 9 Million Liquid staking protocols continue to grow, with the top decentralized finance (defi) protocols recording an additional 441,110 ethereum ( ETH ). As of May 12, 2023, the total value locked (TVL) in liquid staking derivatives (LSDs) stands at 8,872,715 ether , equivalent to $16.101 billion. This marks a significant increase from the 8,431,605 ethereum locked in liquid staking protocols on April 30. In just 12 days, the number of ether deposits surged by an impressive 5.23%. Despite the recent addition of 441,110 ethereum, the TVL in LSDs is currently worth less than it was on April

The International Monetary Fund (IMF) has warned of “very serious repercussions” to both the U.S. and the global economy if the U.S. defaults on its debt obligations, which could be as soon as June 1. “We are calling on all of the parties to come together, reach consensus, and resolve the matter as quickly as possible,” said the IMF’s director of communications. IMF Warns About U.S. Debt Default The International Monetary Fund (IMF) has warned that the U.S. defaulting on its debt obligations would have “very serious repercussions” on both the American and global economies. IMF Director of Communications Julie Kozack was asked at a press briefing on Thursday about “the knock-on effects” on the global economy, particularly for emerging markets, of “the debt ceiling crisis that is happening now between the White House and Congress, with the prospect of a potential default as early as June 1.” She replied, “First, it’s important to note that these discussions in the U.S. are taking pl