Here is what happened yesterday in the crypto market:
CME Group’s Crypto Derivatives Volume Skyrockets in April
CME Group experienced a significant surge in its cryptocurrency derivatives market in April, with trading activity spiking to an average daily volume of 183,000 contracts, valued at $8.9 billion. Read more
Arizona Governor Vetoes Bitcoin Reserve Bill
Governor Katie Hobbs of Arizona has vetoed a bill that would have allowed the state to hold Bitcoin as part of its official reserves, citing concerns about it being an ‘untested investment.’ This decision halts efforts to make Arizona the first US state to adopt Bitcoin as part of its reserves. Read more
Gold-Backed Crypto Minting Volume Reaches 3-Year High
The demand from exchange-traded funds and gold-backed cryptocurrencies is growing while central bank buying slows. Gold-backed cryptocurrencies recently moved to a three-year high minting Volume. Read more
Freight Technologies Plans Significant Investment in TRUMP Token
Freight Technologies (FRGT), a logistics tech firm, has announced an agreement to potentially invest up to $20 million in the Official TRUMP token, aiming to facilitate cross-border trade between the U.S. and Mexico. Read more