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Leading market makers for the crypto market Jane Street and Jump Crypto are exiting the U.S. due to extreme regulatory crackdown, lack of regulatory clarity, and heightened scrutiny.

The US SEC-led crypto regulatory crackdown has raised a wide set of problems for leading crypto exchangesBinance, Coinbase, and other crypto-related entities, with some planning to move their operations offshore.

Two of the worlds top market-making firms Jane Street and Jump Crypto have decided to cease crypto trading in the U.S. amid an intense crypto regulatory crackdown in the US. The firms will continue market making and not leave the crypto market entirely, reported Bloomberg on May 10.

Jane Street preparing to scrap its global crypto expansion plans because regulatory uncertainty has made it difficult for the firm to meet internal standards.

Meanwhile, Jump Crypto, the digital asset division of Jump Trading, is exiting the US market but planning to expand its operations globally.

US federal departments and regulators have intensified regulatory crackdown against the crypto market following the FTX debacle and Terra-LUNA crisis. In fact, Jane Street and Jump Crypto were linked to FTX and Terra-LUNA crisis. Jump Crypto backed the TerraUSD algorithmic stablecoin by proving liquidity and funds, while Jane Street is cited by the US CFTC in its lawsuit against crypto exchange Binance. It is also linked to FTX and Sam Bankman-Fried. Many executives of FTX were earlier employees of Jane Street.

Also Read: Terraform Labs Moves Tokens Worth Millions A Year After Terra-LUNA Crisis

Market makers such as Jane Street and Jump Crypto support the crypto market by providing liquidity. Troubles due to lack of liquidity were one of the primary reasons for the crypto contagion seen last year.

The crypto market has already been becoming less liquid throughout the year and Jump and Jane Street pulling back their market-making activity will put further pressure. Coinbase and Binance are witnessing less liquidity as compared to earlier quarters.

CoinGape Media earlier reported, the U.S.-licensed crypto exchanges lost market share in 2023 Q1, with Coinbase accounting for 1.31%, Kraken 0.60%, and Binance.US 0.37%. Moreover, Coingecko reported a continuous decline in trading volume on Coinbase from 7% in January to 5% in March. Meanwhile, trading volume on crypto exchanges outside the U.S. rising due to the regulatory crackdown against crypto in the US.

Also Read: US SEC Is Reportedly Close To Taking Enforcement Action Against Binance

Varinder has 10 years of experience in the Fintech sector, with over 5 years dedicated to blockchain, crypto, and Web3 developments. Being a technology enthusiast and analytical thinker, he has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers. With CoinGape Media, Varinder believes in the huge potential of these innovative future technologies. He is currently covering all the latest updates and developments in the crypto industry.

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Binance, Coinbase Impacted As Jane Street, Jump Crypto Exit US Market - CoinGape

Do you ever wonder which cryptocurrencies are worth your investment? Choosing the right options can be daunting with so many available. But fear not, for three coins stand out from the crowd Binance Coin (BNB), Solana (SOL), and PATWARS.

These digital assets have captured the attention of crypto enthusiasts worldwide, not only because of their impressive market capitalisations but also due to their unique features and potential for growth. In this article, we will explore what makes BNB, PATWARS, and SOL such compelling investment choices and how they are shaking up the crypto world. Get ready to discover the next big thing in the world of digital assets!

Binance Coin is the native token of the Binance exchange, one of the worlds largest and most popular exchanges. The value of Binance Coin (BNB) has been steadily climbing, with a high of $335 in February 2023 and a market capitalisation of $52.42 billion. One of the most significant advantages of Binance Coin is that it can be used to pay for trading fees on the Binance exchange, which means that as the exchange grows, so does the demand for Binance Coin.

The coin has a versatile range of use cases, including participating in token sales on the Binance Launchpad and purchasing goods and services on the Binance marketplace. Binance Smart Chain (BSC), a high-performance blockchain for building decentralised applications (dApps) and DeFi protocols, is another contributing factor to BNBs success. The growth of the BSC ecosystem has led to a surge in Binance Coins demand and market capitalisation.

Solana has gained popularity due to its incredible transaction processing speed of up to 30,000 transactions per second, making it the fastest layer 1 blockchain. Additionally, Solana has a lower transaction fee compared to other cryptocurrencies, making it a highly attractive investment option for investors who want to avoid high fees.

Solana has two primary use cases. The first is paying for transaction fees incurred when using the network or smart contracts, while the second is staking tokens as part of the networks proof-of-stake consensus mechanism. The growing ecosystem of decentralised applications (dApps) and non-fungible tokens (NFTs) built on the Solana blockchain has resulted in a surge in SOL token demand. In the past year, Solanas market success has led to a staggering 12,000% increase, proving that it is a promising investment option for crypto enthusiasts.

What is PATWARS?

PATWARS is a cryptocurrency project built on the Ethereum network, with a focus on community empowerment and user engagement. It emphasises community-driven governance and decision-making, allowing users to propose, discuss, and vote on key decisions through the PATWARSDAO governance model.

The project is guided by the PATWARS Clan, composed of four Jedi Cats, who ensure the platform remains transparent, innovative, and enduring. The integration of non-fungible tokens (NFTs) into the ecosystem enhances user engagement, creating new avenues for value creation and potential collaborations with decentralised applications (dApps) and gaming platforms. PATWARS offers exclusive NFTs featuring the four Jedi Cats, providing both a collectible and utility value for holders. The projects core values of decentralisation, transparency, and continuous innovation make it an attractive investment choice for cryptocurrency enthusiasts.

As the crypto market is constantly evolving, investing in the right digital assets can be a lucrative venture for crypto enthusiasts. Binance Coin, Solana, and PATWARS have caught the attention of investors worldwide due to their unique features and potential for growth.

Binance Coins versatility, Solanas super-fast transaction processing, and PATWARS community-driven governance and NFT integration are just a few of the standout features that make these coins compelling investment choices. With the right approach and strategy, investing in cryptocurrencies can lead to significant returns.

Click the Links Below for More Information on PATWARS!

Website: https://www.patwars.com

Twitter: https://twitter.com/PATWARSOfficial

Telegram: https://t.me/PATWARSOfficial

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WARNING: The investment in crypto assets is not regulated, it may not be suitable for retail investors and the total amount invested could be lost

AVISO IMPORTANTE: La inversin en criptoactivos no est regulada, puede no ser adecuada para inversores minoristas y perderse la totalidad del importe invertido

Thank you for taking the time to read this article. Do remember to come back and check The Euro Weekly News website for all your up-to-date local and international news stories and remember, you can also follow us on Facebook and Instagram.

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Coining It: Why Binance Coin, Solana, & PATWARS are the top ... - Euro Weekly News

Back in 2009, cryptocurrencies burst onto the finance scene like a bat out of hell. Since then, their popularity has skyrocketed, and today there are tens of thousands of digital currencies in existence.

Among them, Bitcoin (BTC) and Binance Coin (BNB) have emerged as fan favourites. But now, theres a new, worldly pup on the horizon, ready to shake up the game for good. Enter DogeMiyagi (MIYAGI) the canine sensei bursting onto the scene with a waggy tail and big plans for its principled community.

Binance Coin (BNB). This stablecoin is backed by the US dollar, making it one of the most reliable and secure investments on the market. But thats not all, BNB also boasts its very own blockchain network called the Binance Smart Chain, setting it apart from the rest of the crypto crowd and making it a true trailblazer.

For experienced crypto investors, BNB is a no-brainer. Not only is it stable and secure, but its also deflationary, meaning that the supply is limited and in high demand. This coveted cryptocurrency generates around 200 million coins, but also destroys BNB coins from the circulating supply, making it a rare and valuable find.

But Binance Coin isnt just a pretty face its a utility token thats primarily used to enable exchange operations and platform transactions. In fact, users can even use their BNB tokens as a means of payment for platform transactions, making it a versatile asset thats worth its weight in gold.

In the wake of the 2008 financial crisis, the world was in dire need of a game-changer. And in 2009, Bitcoin (BTC) emerged as a digital savior. Fast forward to the present day, and the cryptocurrency landscape is abuzz with news of a 10% decline in Bitcoins price.

The big question on everyones mind is whether the $25,000 support level can hold. Investors and traders are closely monitoring market trends, trying to gauge if Bitcoins price will stabilize or continue to plummet.

The coming days will be crucial for Bitcoins future direction, and whether it can recover its lost ground. But one thing is for sure Bitcoin has proven time and again that its here to stay. With an army of loyal supporters and unrelenting growth, Bitcoin remains a force to be reckoned with in the world of cryptocurrencies.

The world of cryptocurrency has a new master and his name is none other than Mr. DogeMiyagi (MIYAGI). This newcomer is shaking up the crypto scene with its unique approach to growth, which involves slow and steady progress, principles and careful market study.

Drawing inspiration from the legendary Mr. Miyagi of Karate Kid fame, DogeMiyagi values respect, hard work and community. But Mr. Miyagi doesnt just have the gift of the gab the project is all about creating a sustainable environment for its members. Its community-driven, and upon launch, ownership will be transferred to turn it into a Decentralized Autonomous Organization (DAO).

But dont let its serious nature fool you the DogeMiyagi community knows how to have fun while conquering challenges and demonstrating resilience. Theyre lively, encouraging, and always up for a good time.

Built on the Ethereum blockchain, DogeMiyagi has some serious advantages. Thanks to Ethereums proof-of-stake consensus mechanism, its 99.9% more efficient than Bitcoin, making it the eco-friendly choice. Plus, being on Ethereum allows DogeMiyagi to take advantage of a wide range of tools and services, including the Killer Swap Machine and DogeMiyagi NFTs.

DogmaWith its focus on principles, community, and sustainability, its clear that DogeMiyagi isnt just another flash in the pan.

DogeMiyagi:

Website: https://dogemiyagi.com

Twitter: https://twitter.com/_Dogemiyagi_

Telegram: https://t.me/dogemiyagi

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Crypto Trifecta: Bitcoin, Binance Coin And DogeMiyagi Shake Up ... - Cryptopolitan

The worlds biggest crypto exchange, Binance, says someone is using A.I. to wage a disinformation campaign against it. The company told Fortune it has received numerous requests in recent weeks asking if Binances founder, Changpeng Zhao, was an official in the Chinese Communist Party. This included a flurry of inquiries from congressional offices on Thursday that pointed to a purported conversation in which the popular A.I. program ChatGPT reported that Zhao developed a social media platform for the China National Petroleum Corp.

According to chief strategy officer Patrick Hillmann, Binance tried without success to replicate the conversation using queries like Is Changpeng Zhao a Communist? but finally did so with a very specific question referring to the state-run petroleum corporation. When the company asked for the source of the information, ChatGPT pointed to a fake LinkedIn page for Zhao and a Forbes web page from 2018.

The Forbes page currently displays a not found error, according to a screenshot supplied by Binance, but the URL for the story suggests it was written by investor and former journalist Pamela Ambler. It is unclear whether Forbes ever published the story in question, or if it ever existed. Forbes and Ambler did not immediately reply to a request for comment about the pages authenticity.

Binance, which has long insisted that its founder has no ties to the Chinese Communist Party, claims ChatGPTs assertion that Zhao served in a role at a state-run oil company is ludicrous, and points out he would have been in high school at the time. It is especially sad to see this type of misinformation being shared by a few people in power when it would have been debunked with even the most basic level of fact-checking, Hillmann said.

If Binances account of disinformation is accurate, it would mark a new and troubling milestone. While lies and dirty-trick campaigns are not uncommon in the world of politics and business, this would be one of the first times that A.I. has been harnessed to smear a company in the halls of power in Washington. Experts have already warned that tools like ChatGPT will soon be weaponized to create fake media stories and other bogus content at an unprecedented scale and to influence or corrupt the political process. Based on what Binance has to say, that era is already upon us.

Jeff John Robertsjeff.roberts@fortune.com@jeffjohnroberts

Bitcoin eked out a small gain for April, the fourth month in a row the currency has climbed. (Bloomberg)

Binances venture arm says its portfolio has grown to $9 billion, and that it has no plan to scale back amid intense regulatory pressure. (The Block)

Mastercard is launching a service called Crypto Credential that will offer a means to confirm the identity of the parties in wallet-based transactions. (CoinDesk)

The Hong Kong Monetary Authority issued a circular telling the citys banks they should provide services to crypto firms. (Bloomberg)

Jack Dorsey reversed his stance on Elon Musks taking over Twitter, saying that it all went south in the hands of his onetime ally and fellow crypto supporter. (Washington Post)

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Binance claims to be target of ChatGPT-based smear campaign in Washington, D.C. - Fortune

Binance Coin (BNB) price is sliding lower this Monday as what appears to be quite a global descent for most major crypto and alt currencies. The leg lower makes sense though as price action grew overheated over the weekend with a late rally on Sunday that pushed the Relative Strength Index (RSI) nearly into overbought territory. Expect a small leg lower with support soon to kick in so that the RSI eases a bit before seeing price action swinging back up again.

Binance Coin price could shed about 3% this Monday in search of support as BNB is taking a small step back in early trading. The move did not come as a surprise as on Sunday price action swung substantially higher and dragged the RSI toward the overbought area. With profit-taking underway, expect to see a fade toward $330.

BNB can then find support at the monthly pivot before heading back higher as early as the US trading session later this Monday. Even if the fade goes a leg lower toward $323.80, the blue line could act as a halt for the fade as that is where the rally started on Sunday. The rally should reboot itself and break the high of Monday near $340 to head toward $345.

BNB/USD 4H-chart

The bigger risk for the price action on Monday is on the weekly chart. BNB is showing more bearish signs. Should pressure build upon the 55-day Simple Moving Average (SMA), a break lower could easily add up to a 10% loss as the 200-day SMA is trading near $297. The break of the psychological level of $300 could mean that more downside will come as plenty of bulls will start to offload further.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

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Binance Coin price slides lower on Monday as dark clouds hang over crypto - FXStreet