);)
Ripple's acquired cryptocurrency custody company Hidden Road obtained a broker-dealer license from the Financial Industry Regulatory Authority (FINRA) on the 17th, marking Ripple's entry into the bond market. Hidden Road announced through an official statement that it will develop and expand its bond custody service capabilities through the FINRA license.
2. Panama City Allows Tax Payment with Cryptocurrency
Mayor Mayer Mizrachi announced on the 17th through an official statement that the city will accept BTC, ETH, USDT, and USDC for tax payments. City authorities stated they will collaborate with local banks to convert cryptocurrency tax payments into dollars.
3. The Block: "Bank of America Lobbying to Eliminate Major Stablecoins"
The largest US bank, Bank of America (BOA), is reportedly lobbying to eliminate major stablecoins like Tether and USDC to issue and succeed with its own stablecoin. The Block reported on the 17th, citing sources that BOA CEO Brian Moynihan is working with major lobbying organizations like the American Bankers Association (ABA) and Bank Policy Institute (BPI) to limit the growth of existing stablecoins.
4. Hong Kong Launches Second Ethereum Spot ETF with Staking
Hong Kong exchange OSL and Huaxia Fund plan to launch a staking service for an Ethereum spot ETF. OSL announced on the 17th that it obtained approval from regulatory authorities and will provide customers with an Ethereum spot ETF staking service starting May 15th. Previously, the Hong Kong Securities and Futures Commission (SFC) allowed HashKey to provide the first Ethereum spot ETF staking service in Hong Kong.
5. Binance Records Q1 Trading Volume of 1.1924 Quadrillion Won... "Dominating CEX Market"
According to on-chain analysis platform TokenInsight's data on the 17th, Binance's Q1 trading volume reached approximately $840 billion (about 1.1924 quadrillion won), capturing about 36.5% of the centralized exchange (CEX) market.
Reporter Kwon Seung-won ksw@blockstreet.co.kr
