【Chain to FM】Binance removes LUNA spot trading pair, USDT re-pegged to US dollar

【Data Intelligence】

The DeFi lock-up volume of the entire network is 112.81 billion US dollars, down 26.37% in 24 hours

According to DeFiLIama data, the current DeFi lock-up volume on the entire network is 112.81 billion US dollars, a 24-hour drop of 26.37%. At present, the top 5 public chains with locked positions are: ETH ($71.28 billion), BSC ($8.45 billion), Avalanche ($5.17 billion), Solana ($4.04 billion), and Tron ($3.97 billion).

The 24-hour transaction volume of Azuki series NFT projects dropped by 83.96%

According to NFTGo.io data, the 24-hour transaction volume of the Azuki series of NFT projects has dropped by 83.96%, so far it is 6.7356 million US dollars, with a market value of 345 million US dollars. The floor price reached 9.95ETH, with a 24-hour increase of 2.08%.

【 Regulatory News 】

Gensler reiterates that crypto assets are securities and should be regulated

SEC Chairman Gary Gensler has reiterated his claim that crypto assets are securities and should be regulated. The policymaker went on to make claims for the crypto asset industry against the agency responsible for overseeing U.S. securities. Gensler is seeking full control over the regulation of the crypto industry, which could impose severe restrictions on companies and investors in the country. He claimed that very few crypto assets work like commodities or digital gold, which is why his agency should have jurisdiction over them, not the Commodity Futures Trading Commission (CFTC).

IOSCO Chairman: A Global Cryptocurrency Regulator Could Be Established Next Year

On May 12, according to CoinDesk, Ashley Alder, chairman of the International Organization of Securities Commissions (IOSCO), said, "There is an urgent need for a joint agency responsible for coordinating global cryptocurrency regulation, and it is expected that it may become a reality next year. This week, with the UST The crash, the collapse of the crypto market, and the widespread attention of the financial world to cryptocurrencies. The growth of the cryptocurrency market and its growing connection with mainstream finance has made crypto a top area of concern for regulators around the world.”

【Industry Trends】

USDT re-pegged to USD

On May 13th, when people worried that Tether, the world's largest stable currency, would no longer be pegged to the US dollar 1:1, Paolo, Tether's chief technology officer, took action to appease investors. He emphasized that the company plays a key role in the encryption ecosystem, there is no problem with redemption, (Tether) paid out 600 million US dollars in the past 24 hours. He also said that, in fact, the peg (with the dollar) has not been broken. The peg will only be broken if Tether does not accept a $1 redemption. After Paolo's comments, Tether re-pegged to the dollar after falling as low as 94.55 cents, its lowest level since December 2020.

SBF buys 7.6% stake in Robinhood

According to news on May 13, according to a document submitted to the US Securities and Exchange Commission, FTX founder Sam Bankman-Fried bought 56 million shares of Robinhood, accounting for 7.6% of the shares, becoming the third largest shareholder of Robinhood. Affected by this, Robinhood shares rose 28% in after-hours trading, and SBF's stake is worth about $560 million.

Brazil's Largest Broker XP to Launch Crypto Trading Capabilities

XP, Brazil’s largest broker, announced Thursday that it plans to launch a crypto trading platform by the end of June. The product, called XTAGE, is built on trading technology from major US stock exchange Nasdaq and will be integrated with XP's applications, the company said in a statement. XP's new feature will allow 3.5 million users to buy and sell bitcoin and ethereum, although cryptocurrency deposits and withdrawals will not be available initially. XP added that the firm plans to “expand its offering to include multiple types of digital assets as market trends and investor appetites evolve.” XP has hired crypto custody firm BitGo to store XTAGE's assets, most of which will be held in "cold wallets."

Binance Hires Europol Crypto ExpertJarek Jakubcek as Head of Intelligence and Investigations for Asia Pacific

Binance announced on May 12 that it has hired Europol cryptocurrency expert Jarek Jakubcek as head of intelligence and investigations for the Asia-Pacific region. Jarek Jakubcek said that he will cooperate effectively with law enforcement agencies and prosecutors in the detection and prevention of criminal activities, and jointly eliminate illegal activities in the blockchain ecosystem.

Stablecoin cross-chain bridge Symbiosis Finance announces integration with 1inch

Official news, Symbiosis Finance, a stablecoin cross-chain bridge, announced the integration with 1inch to achieve cross-chain exchange at the best price.

【Elite Viewpoint】

FTX CEO: TERRA is different from other stablecoins that are not pegged to volatile assets

On May 13th, FTX CEO Bankman-Fried: TERRA is different from other stablecoins, and other stablecoins are not linked to volatile assets.

U.S. Treasury Secretary Yellen: Stablecoin Risk Has Not Reached the Scale of a Systemic Threat

On May 12, U.S. Treasury Secretary Yellen said that the risk of Stablecoin has not yet reached the scale of a systemic threat. Stablecoin is not a real threat, but it is growing rapidly, and reiterated the need to develop a comprehensive framework for Stablecoin.

【What to watch today】

Binance Delists LUNA Spot Trading Pair

On May 13, Binance issued an announcement, announcing that it would delist and stop all LUNA spot trading pairs at 08:40 on May 13, Beijing time, including LUNA/BTC, LUNA/BIDR, LUNA/AUD, LUNA/BNB, LUNA/ETH , LUNA/USDT, LUNA/GBP, LUNA/BRL, LUNA/TRY and LUNA/EUR.

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