US Regulators Lose Urgency On Crypto Since Market Collapse – September 7

πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $18,874

Bitcoin price slipped below the $19,000 level yesterday, in a rapid drop out of its recent range around $20,000.

Top-20 altcoins have also experienced significant drops, as Ethereum tumbles 7%, BNB falls 5% and Ethereum Classic corrects 15% from its recent rally.

Top Stories for September 7, 2022 πŸ”₯

πŸ‘‰ US Regulators Lose Urgency On Crypto Since Market Collapse

US regulators have lost their urgency to draft new digital asset regulations following the market collapse, according to acting Comptroller of the Currency Michael Hsu.

Hsu says the crypto market downturn has also granted regulators more “time to get it right,” as agencies work with each other to create broader ground rules for banks to interact with crypto.

πŸ‘‰ Lending Platform Nexo Announces Trading Platform

Crypto lending platform Nexo has announced Nexo Pro – a trading platform that will offer spot, futures and margin trading to retail users.

The platform will offer “institutional-grade liquidity aggregation”, drawing liquidity from 10 different venues to provide minimal slippage for an efficient trading experience.

Although Nexo and several other lending platforms already provided a “swap” function to exchange assets, Nexo will become the first lending platform to venture into derivatives offerings.

πŸ‘‰ SEBA Bank Launches ETH Staking Service For Institutions

SEBA Bank has launched an Ethereum staking service aimed at institutions, to assist them in earning yield from their Ether (ETH) holdings. The company says the move is in response to rising institutional demand for decentralized finance services.

SEBA is following in the footsteps of Anchorage Digital, which also announced an ETH staking service for institutional clients in June.