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Crypto Morning Briefing: New York DFS Finalizes Regulations for Crypto Businesses Under its BitLicense

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Top Stories

Apple’s Latest Move Could Challenge DeFi; Launches High-Yield Savings Account

On Monday, Apple introduced its Apple Card savings account, which offers customers an annual percentage rate of 4.15%. Apple has stated that there is no requirement for a minimum deposit or balance, and customers can set up an account directly by using the Wallet software pre-installed on their iPhones. Now, whether this poses a threat to DeFi’s high-yield protocol, let’s find out.

CME to Add Daily Expiries on Bitcoin and Ether Futures Options Contracts

Derivatives marketplace Chicago Mercantile Exchange (CME) is adding to its cryptocurrency offerings with daily expirations soon to be available on bitcoin and either futures options contracts, the company said in a press release on Monday.

USDC Issuer Circle Exec to Testify at US Congressional Hearing on Stablecoins

Circle, the US company behind the popular stablecoin USDC, is set to testify in a Congress hearing on Wednesday about stablecoin regulation in the US.

BoE Considers Limits on Stablecoin Payments as Parliament Debates New Crypto Rules

The Bank of England (BoE) will consider whether to put limits on stablecoins used for payments in new rules for the sector, Deputy Governor Jon Cunliffe said in a speech on Monday.

New York DFS Finalizes Regulations for Crypto Businesses Under its BitLicense

The New York State Department of Financial Services (DFS) has finalized a set of regulations for overseeing crypto businesses registered with its Bitlicense. The new rules, which apply to only about 20 companies, allow the DFS to collect supervisory costs from licensed crypto firms on par with other licensees regulated by the department.

Market Watch 

As of press time, according to Cointime data:

BTC 's live price is $29,453.06 USD, dropped by 3.00% in the last 24 hours;

ETH’s live price is $2,077.22 USD, dropped by 2.11% in the last 24 hours;

BNB’s live price is $341.78 USD, dropped by 2.12% in the last 24 hours;

XRP's live price is $0.51 USD, dropped by 2.26% in the last 24 hours.

Fundraising News

Shiba Inu Rival Love Hate Inu Raises $4.4 Million – Launches Viral Love-Hate Andrew Tate $10,000 Voting Competition

Love Hate Inu is a new cryptocurrency project that has raised $44 million in a private sale. The project is designed to be a rival to Shiba Inu, another popular cryptocurrency that has gained popularity in recent months.

Xsolla Invests in "Phygital" Fashion Startup Pillz, Merging Web3 and Real-World Goods

Gaming payment platform Xsolla has invested in "phygital" fashion startup Pillz, which is using Web3 to merge its fashion with real-world goods. The funds raised will enable Pillz to launch its product and prepare for serial production. Pillz makes a device that can make NFT collectibles and NFT games tangible, allowing users to interact with their NFTs in physical reality without transferring the token to the device.


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